Now Reading
Leaders from the Eurasian Economic Union, Iran and Singapore gather in Armenia


Leaders from the Eurasian Economic Union, Iran and Singapore gather in Armenia

4AD86403 208E 48E0 9D90 2310CA3E0840 cx4 cy5 cw92 w1200 r1 s
Photo: PM of Armenia

Leaders of the Eurasian Economic Union (EAEU), Iran and Singapore will convene today for the first day of the regular session of the Supreme Eurasian Economic Council. The signing of a new free trade agreement will top the agenda.

Both the Framework and Non-Services & Investment Agreement and the Armenia-Singapore Services & Investment Agreement will serve as benchmark agreements for cooperation between the EAEU and ASEAN.

The Eurasian Economic Union has sought to expand into the ASEAN sphere in states like Kazakhstan and Kyrgyzstan to balance and diversify against China’s growing Belt and Road Initiative.

An example of EUEA’s efforts to create a common market with ASEAN states is the Transit Potential of the Eurasian Continent initiative. The initiative will implement large-scale infrastructure projects and transportation networks that connect Central Asia, Southeast Asia and the Middle East.

See Also

China is ASEAN’s biggest economic partner behind the United States.  Additionally, China is the largest trading partner of each of the five countries that make up the Eurasian Economic Union. While further steps are forecasted to strengthen economic ties between the EUEA and ASEAN, it is unlikely that business with China will waver for either of these blocs.

Wake up smarter with an assessment of the stories that will make headlines in the next 24 hours. Download The Daily Brief.

View Comments (0)

Leave a Reply

Your email address will not be published.

Scroll To Top