EAEU-China trade deal enters into force as sides adopt joint statement in Moscow

EAEU-China trade deal enters into force as sides adopt joint statement in Moscow

 18:00, 25 October, 2019

YEREVAN, OCTOBER 25, ARMENPRESS. During today’s session of the Eurasian Inter-governmental Council in Moscow the heads of government of the EAEU member states adopted a joint statement with China relating to the entry into force of the trade-economic cooperation agreement.

The joint statement highlights the importance of the EAEU-China multisectoral partnership.

The statement was made on behalf of the Prime Ministers of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and China.

The agreement creates a legal base between the Eurasian Economic Union and China for economic cooperation. It is not in the format of a free trade agreement, doesn’t envisage decrease or elimination of custom duties. The agreement aims at raising the level of transparency of the regulation system, facilitating the trade procedures, as well as developing the commercial ties.

Edited and translated by Aneta Harutyunyan