The Eurasian Economic Union (EAEU) is launching a negotiation process on developing trade and economic relations with China.

Chairman of the Board of the Eurasian Economic Commission (EEC), Tigran Sargsyan, said the aforementioned at a round-table discussion entitled “EAEU and Trade Partners: Single Economic Space” in the framework of St. Petersburg International Economic Forum (SPIEF), EAEU press-service reports.

Upon the initiative of Kazakhstan President Nursultan Nazarbayev, the presidents of EAEU member-states announced 2016 as a year of deepening relations with third countries and economic unions. 

During the discussion, Sargsyan informed the discussion participants about the signing of a memorandum with Singapore and launch of dialogue with that country this May.

The round-table discussion was attended by Member of the Board - Minister in charge of Integration and Macroeconomics of the EEC Tatyana Valovaya, Executive Secretary of the United Nations Economic Commission for Europe (ECE) Christian Friis Bach, President of the Eurasian Development Bank Dmitry Pankin, President of the European Business Association, etc.