29 May 2019 15:24

EAEU expects to sign free trade deals with 2 countries in 2019 - Pashinyan

NUR-SULTAN. May 29 (Interfax) - The Eurasian Economic Union (EAEU) could sign at least two free trade agreements with its partners in 2019, Armenian Prime Minister Nikol Pashinyan said.

"We hope we will be able to sign at least two agreements between the EAEU and partner countries this year. In the future, work will continue in this direction," Pashinyan told journalists following a meeting of the Supreme Eurasian Economic Council in Nur-Sultan on Wednesday.

The EAEU is currently holding negotiations on a free trade agreement with Singapore and discussing the establishment of free trade areas with Egypt, Serbia, Israel, and India, he said.

"This is a very important course, because this would practically broaden opportunities for businesses in the EAEU member states. What counts most is that we have the political will to work along all avenues. We have instructed the Eurasian Economic Commission to intensify work on these tracks," Pashinyan said.

Veronica Nikishina, a Eurasian Economic Commission trade board member (minister), said in April that negotiations on a free trade area with Serbia had been finished, and an agreement could be signed in October. She additionally said that the Eurasian Economic Commission was about to complete negotiations with Singapore and might also sign a free trade agreement with this country in 2019.