It is a comprehensive agreement covering goods, services and investment, as well as issues such as business environment, labour mobility and co-operation on technical standards. A bilateral Free Trade Agreement (FTA) with Chile was signed in November 2011 and entered into force on February 2014. Negotiations for bilateral FTAs with Korea and the customs union of Belarus, Kazakhstan and the Russian Federation, which began in 2012 and 2013 respectively, were concluded in December 2014. Both are expected to come into force during 2015. Bilateral negotiations are continuing with EFTA (Iceland, Liechtenstein, Norway, and Switzerland) and the EU, both of which began in 2012. Viet Nam began granting preferential treatment for goods to its ASEAN partners under the Common Effective Preferential Tariff (CEPT) scheme on 1 January 1996."