The EAEU Free Trade Zone: New Opportunities for Entrepreneurs in Russia and Vietnam

On June 27, 2017 a round table was held in the Chamber of Commerce and Industry of the Russian Federation on the topic “The EAEC Free Trade Zone: New Opportunities for Entrepreneurs of Russia and Vietnam.” The roundtable was timed to the official visit to the Russian Federation of the President of the Socialist Republic of Vietnam, Chiang Dai Kuang.

The organizers of the event were the Foundation for the Support of Scientific Research “The Workshop of Eurasian Ideas”, the Interregional Public Organization for Support and Protection of Small and Medium Business “Business People”.

Representatives of government bodies, deputies and heads of specialized administrative structures, economists, analysts, experts in the field of Eurasian cooperation, representatives of business, and public organizations took part in the round table discussions.

Topics discussed during the event were devoted to such issues as prospects for economic cooperation between the Russian Federation and the Socialist Republic of Vietnam, the economic potential of the SRV within the framework of the Eurasian Economic Union (EAEU), the features and benefits of the accession of the SRV to the EAEU free trade zone, new opportunities, and the potential for investment cooperation.

During the discussion, EDSG experts made a presentation on the economic assistance to Russia of the Socialist Republic of Vietnam as an instrument for strengthening multilateral economic integration. According to experts EDSG, economic integration entails “failures” of the market, and also makes more vulnerable a number of “bottlenecks” existing in the national economy. So, for example, tariff reduction/ removal or liberalization of the investment regime is not always related to strengthening the export and investment potential of national producers. In this regard, economic development assistance can be an effective tool for strengthening economic potential, expanding infrastructure opportunities and developing competencies.

The link to the post-release of the round table (in Russian)