News Tags

Related Keywords: bilateral trade revenue, boost bilateral trade ties, boost exports of textile and garment, EEU free trade agreement, FTA, Prime Minister Nguyen Tan Dung, Signing cermony, trade pact, Vietnam and Eurasian economic union

Prime Minister Nguyen Tan Dung is scheduled to leave for Kazakhstan on Thursday to attend the signing ceremony for the Vietnam – EEU Free Trade Agreement, according to Dau Tu (Investment) newspaper. One such trade pact is the FTA between Vietnam and the Eurasian Economic Union, which is slated for signing by the end of this month.

The EEU consists of Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, and Russia.

Related Keywords: corporate economic advisor, Indian textile sector, Ritesh Kumar Singh, SAFTA, Tamil Nadu textile entrepreneurs, Texpreneurs Forum, textile export front, trade pact, trade policy, WTO obligation

Advising Texpreneurs (a forum formed by Tamil Nadu based textile entrepreneurs) against seeking such sops from the Government, corporate economic advisor - Ritesh Kumar Singh said that a well-conceived trade pact can open up opportunities on the textile export front, but a badly negotiated free trade pact can lead to unintended consequences, referring o SAFTA (Agreement on South Asia Free Trade Area).