Russia expects to make free trade zones agreement with Israel, Singapore, India, Egypt and Iran in coming future, First Deputy Minister of Industry Sergey Tsyb said.
The talks focused on the main provisions of the Agreement and set the schedule of the further work.
Another round of talks on the agreement was held in Belgrade early January 2019.
MERCOSUR expects to identify topical areas of cooperation and dialogue in order to begin work on expanding economic and trade relations with the Eurasian Economic Union.
The Argentine president held talks with Russia’s Vladimir Putin on the sidelines of the G20 summit to re-energize the stalling talks on trade between South America’s Mercosur and the Eurasian Economic Union of five former Soviet nations.
Agreement to create a continuous discussion on issues of bilateral, international economic cooperation of common concern.
Russia’s State Duma has endorsed an agreement for the establishment of a free trade zone between Iran and the Eurasian Economic Union.
Knitwear industrialists have urged the central government to enter into a free trade agreement with Russia, saying the former Soviet Union had given green signal to enter into such a treaty with Bangladesh.
Trade negotiations have been increasingly used as a political tool.
Cambodian officials pleaded last week with representatives of the Eurasian Economic Union (EAEU) to include more Cambodian products into the bloc’s joint tariff scheme during a high level diplomatic meeting in Moscow.
The five-nation Eurasian Economic Union has signed a 3-year provisional agreement with Iran to welcome the Islamic Republic into the bloc’s free-trade zone.
Russia and China have already been in talks to link the EAEU with China’s Belt & Road Initiative in plans outlined by presidents Putin and Xi.
The start of negotiations between the EAEU and Egypt on the preparation of an agreement to establish a free trade zone is scheduled for autumn 2018.
The agreement provides for the formation of a free trade area on a limited range of goods between the EAEU and Iran.
Israel has resumed negotiations with Russia on joining the Eurasian Economic Union (EAEU), Israeli Ambassador to Russia, noting the developing economic relations as well as increasing trade between the two countries.
Deals are being finalized with South Korea, Vietnam, India, China and Eurasian Customs Union.
Partners aim to triple trade to $10bn by 2020.