Vietnam – EAEU Full Free Trade Agreement 

By: Dezan Shira & Associates

The Free Trade Agreement between Vietnam and the Eurasian Economic Union has been retrieved by Dezan Shira & Associates, translated into English, archived and is available for complimentary PDF download here. 

The Eurasian Economic Union is a trade bloc that includes Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, and is a significant player in terms of China’s OBOR ambitions. The agreement, which runs to 1,300 pages, is the first FTA agreed between the Eurasian Economic Union and an Asian country, and since its ratification in May 2015. Bilateral trade between Russia and Vietnam has risen from a base of close to zero to over US$10 billion  since the treaty came into effect.  Of particular interest within the document are provisions for lower taxes among agricultural and automotive trade. 

“The EAEU is an emerging tax-free zone that will have a significant impact on Chinese and Asian trade with the West” says Chris Devonshire-Ellis of Dezan Shira & Associates. “China is also about to agree to an FTA with the EAEU and India, Singapore and many other Asian countries are also having EAEU FTA fast-tracked. With Russia and Belarus having borders with the EU the impact of duty-free goods arriving on the borders on Europe will provide significant opportunities for traders large and small as well as service providers such as repackaging, warehousing, distribution, and logistics companies specializing into European-Asian trade and services.”   

Dezan Shira & Associates maintain offices in Hanoi and Ho Chi Minh City and have a Partner firm in Russia as well as a Russian desk. The practice produces Vietnam Briefing and Russia Briefing and is a long-term services provider in Eurasian legal, tax and related services.   

 Related Reading:

 Choosing an Effective Entry Model for Vietnam Investments

 Establishing a Foreign Business in Russia

 China’s New Economic Silk Road: The Great Eurasian Game & The String of Pearls

Dezan Shira & Associates Brochure 
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.

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An Introduction to Doing Business in Vietnam 2017 will provide readers with an overview of the fundamentals of investing and conducting business in Vietnam. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in this dynamic country.

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