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Israel Expects to Sign Agreement with Eurasian Union in Two Years

The co-chair of the Russian-Israeli trade commission, Zeev Elkin, declared that Israel expects to launch formal negotiations with the Eurasian Economic Union (EEU) early next year and reach a deal to create a free trade zone, Sputnik News reports.

"We offer the Russian side to begin negotiations in early 2016 and conduct at least two rounds of talks in 2016…As a rule at a normal pace, such an agreement can be signed within two years," Zeev Elkin said.

In addition Elkin noted that the timetable of reaching the deal depends on the complexity of issues faced during negotiations, but noted that Tel Aviv is actively working to kick off talks as soon as possible.
"We believe that it has great potential for the Israeli economy, and for the countries of the [EEU]. I believe there is no reason to delay this," Elkin stressed.

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