The member-countries of the Shanghai Cooperation Organization (SCO) and the Eurasian Economic Union (EAEU) are preparing an agreement on economic continental partnership, Russia’s First Deputy Economic Development Minister Aleksey Likhachev said at the first ever Sino-Russia construction forum on Wednesday.

“In December 2015, our partners from Kazakhstan announced an idea to create an SCO free trade zone. Not only did we accept [the idea] together with the Chinese delegation, we transformed it into the following – we’ll be actually preparing background for a certain economic continental partnership, for a universal agreement within SCO,” he said.