Arab Emirates proposed the EAEU to create a free trade zone

The issue was discussed at a meeting of the bilateral intergovernmental commission.

CHISINAU, 18 Nov – Sputnik. A free trade zone can be created between the member states of the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE). According to RIA Novosti, the head of the Ministry of Industry and Trade of Russia Denis Manturov told reporters that such an issue was discussed.

According to the head of the Ministry of Industry and Trade, “this was discussed in sufficient detail, actively, we tried, for our part, to describe how it happened with other countries – Vietnam, Iran, Serbia, Singapore, with the countries with which we are currently interacting in this area, – Egypt, India “.

Manturov said that the UAE themselves applied to the EEC for a free trade zone. He recalled that last year the trade turnover between Russia and the UAE amounted to $ 3.3 billion, and “taking the parameters of last year and this year, if we get closer or maybe touch $ 5 billion this year, this is a record record.” …

The EAEU is an international economic integration association created on the basis of the Customs Union and the Common Economic Space. The union has been operating since January 1, 2015. Now the members of the EAEU are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.

After the summit in Sochi in May 2018, the then president of the country, Igor Dodon, announced that Moldova received observer status in the EAEU. He stated that the republic received this status at the suggestion of the Russian leader Vladimir Putin, the decision was then unanimously supported by the leaders of the EAEU member states. Dodon noted that observer status provides Moldova with the opportunity to cooperate with the EAEU member states in the most important areas for the country: trade, industry, agriculture, information technologies.

However, Maia Sandu argues that in Moldova itself, the procedure has not been legally completed.

Speaking on November 17 at a press conference following a meeting with Russian Foreign Minister Sergei Lavrov, Moldovan Foreign Minister Nicu Popescu also said that at the time of signing the documents on Moldova’s observer status in the EAEU, there were no procedures within the country either through the executive branch or through the parliament. was not passed.

“Regarding the observer status, Moldova is a parliamentary republic. At the time of the signing of the documents, no procedures were passed within the country either through the executive branch or through the parliament. At that time, the government gave a negative response to these plans, therefore, according to the legal Moldovan procedures, not everything was prepared within the framework of the necessary administrative and legal steps, ”Popescu said.

As for the recall of the Moldovan representative, according to the head of the MFAEI, his “mandate and term of office expired at that time.”

Source: ru.sputnik.md