Russia and the Eurasian Economic Union (EAEU) are considering the possibility of creating free trade zones with Mongolia and the United Arab Emirates (UAE), Russia’s Economic Development Minister Maksim Reshetnikov said at the 15th Verona Eurasian Economic Forum in Baku on Thursday, TASS reports.
"The negotiations on the creation of free trade zones with Egypt, Indonesia, India are underway. We are exploring the possibilities of creating such a mechanism with Mongolia and the UAE," he said.
The Eurasian Economic Union, which consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, has already made free trade zone agreements with Vietnam and Singapore, as well as a temporary agreement with Iran.
