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Eurasian Economic Union set to make preferential trade agreements

Credit: government.ru

Prime Minister Dmitry Medvedev took part in the meeting of the Eurasian Intergovernmental Council in Almaty, government web page reported.

In his comments at the meeting, PM noted, “In 10 months of 2018, trade between our union members increased by almost 12%, mainly due to an increase in commodity weight, and trade with our external partners grew by 21%.”

According to Dmitry Medvedev, “Russia has come up with a number of proposals in areas such as improving the business environment, launching a money transfer system, improving distribution mechanisms for agricultural products, food, creating a digital platform for small- and medium-sized businesses, as well as Eurasian online resources in education and culture, sports, tourism and so on.”

“We need to remain proactive in the ongoing talks with our partners on preferential trade agreements with Singapore, Serbia, Egypt and Israel, and launch these talks with India,” he concluded.

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