Israel, EAEU May Sign Free Trade Deal In 2021 - Intergovernmental Commission's Co-Chair
Umer Jamshaid Published January 23, 2020 | 05:40 AM
ST. PETERSBURG (UrduPoint News / Sputnik - 23rd January, 2020) Israel and the Eurasian Economic Union (EAEU) may sign a free trade agreement as early as in 2021, Zeev Elkin, the Israeli co-chair of the Russian-Israeli Intergovernmental Commission, minister of Jerusalem affairs and minister of environmental protection, told Sputnik stressing that negotiations were on "the finish line."
On Wednesday, co-chairs of the Russian-Israeli Intergovernmental Commission held a meeting ahead of Russian President Vladimir Putin's visit to Israel.
"We seriously discussed provisions of the free trade [agreement] between Israel and the Eurasian Economic Union.
We are satisfied to note that that the talks have already reached significant progress and are on the finish line. We should try to complete them by the end of 2020 to sign [the agreement] in 2021. If we manage to do that, we can count on a significant trade increase because, according to our estimations, such a move will significantly boost the business activity," Elkin said on Wednesday.
The EAEU was established in 2014 by Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan to create a single market and facilitate economic relations between the member countries.
Related Topics
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From World
-
Football: English Championship table
5 hours ago -
Time for 'democratic transition' in Venezuela: opposition candidate to AFP
5 hours ago -
Spain's Pedro Sanchez : a risk-taker with a flair for survival
5 hours ago -
Football: French Ligue 1 table
6 hours ago -
Nadal will only play French Open if he can 'compete well'
6 hours ago -
Ukraine, Israel, TikTok: the massive aid package before US Congress
6 hours ago
-
TikTok to fight US ban law in courts
6 hours ago -
Football: French Ligue 1 results
6 hours ago -
Spain PM Sanchez says weighing resignation after wife's graft probe
7 hours ago -
Long-lost Klimt portrait auctioned off for 30 mn euros
7 hours ago -
TikTok to fight US ban law in courts
7 hours ago -
Anger among Ukrainians in Poland as Kyiv halts passport renewals
7 hours ago