Russia ready to discuss establishment of EAEU free trade zone with Hong Kong

Russia is ready to discuss the establishment of a free trade zone between the Eurasian Economic Union (EAEU) and Hong Kong, Russian Deputy Prime Minister Arkady Dvorkovich said at the Asian Financial Forum underway in Hong Kong, TASS reports.

“We recently struck the first agreement on a free trade zone between the Eurasian Union and Vietnam, now we are holding talks with Israel. We are ready to discuss that issue with Hong Kong,” Dvorkovich said.

He said Russia is aimed at close cooperation with countries of the Asia Pacific region, in particular, Hong Kong.

Dvorkovich said that during his visit to Hong Kong, there are plans to sign an agreement to avoid double taxation, which will make it possible to improve interaction of the Russian and Hong Kong business.

The new integration association – the EAEU – started operating on January 1, 2015. Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia make part of the EAEU. The Russian, Belarusian and Kazakh presidents held the final meeting in late December 2014 in the process to establish the EAEU.