Being the only Asian country to have signed a free trade agreement with the Russia-led Eurasian Economic Union (EAEU), Vietnam has the potential to become Russia's window to Asian markets, but experts urge Moscow to first focus on the quality of its manufactured products, and after-sales service. Russian truck producer Kamaz is ready to use the EAEU-Vietnam FTA to enter Asian markets. Source: kamazmaster.ru When U.S. President Donald Trump recently fulfilled his pre-election campaign promise bysigningan order to withdraw the country from the Trans-Pacific Partnership (TPP), some Russian experts saw it as achance for Russiato speed up its economic integration. Read more...
The countries of the Eurasian Economic Union are beginning to fight counterfeit imports with the help of radio-frequency identification (RFID). Starting on January 1, 2017, RFID tags will be used to identify all imported medicine. The announcement was made by Russian Minister of Industry and Trade Denis Manturov at the Anti-Counterfeit 2016 International EAEU Forum, which was held in Yerevan on Nov. 22. A government statement said over 150,000 pairs of fake shoes and slippers of various brands including Nike, Adidas, Converse, Sketchers, North Face, Leaveland, Merrell, Lacoste, Vans, Havaianas and Ipanema worth $1.13 million, which were smuggled. Read more...
The Eurasian Economic Union (EEU) plans to cut meat imports from non-EEU states by nearly two thirds, according to deputy head of. Read more...
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