Heads of CIS Government signed the agreement on establishing a free trade zone

The heads of government of almost all CIS countries have signed the treaty establishing a free trade zone. Azerbaijan, Turkmenistan and Uzbekistan refrained today from his decision, but the governments of these countries planning to join the band this year, the correspondent of �Rosbalt�.

�The adoption of the agreement will remove many barriers and make a new qualitative step in the development of our economies � said Prime Minister Vladimir Putin. � Creating a free trade zone means that whole groups of goods, we will cancel the export and import duties. This means that goods our markets will come at lower prices. �

Putin stressed that a free trade area does not contradict the principles of the World Trade Organization, as some of the countries belonging to the newly created free trade area, are also members of the WTO. Today an agreement was signed Russia, Ukraine, Belarus, Kazakhstan, Armenia, Moldova, Kyrgyzstan and Tajikistan. The rest of the state, according to Putin, plan to join the FTA before the end of this year.

It should be added at the Palace of Congresses in St. Petersburg chapter of the CIS countries discussed a range of issues. The main issue was the negotiation of the contract on the establishment of a Free Trade Zone within the CIS. The Prime Ministers discussed the concept of CIS development of rail transport in the CIS up to 2020, the principles of currency regulation and currency control, as well as the concept of a coherent social and demographic policy of the states � members of the Commonwealth

Source: www.russpress.net
 

Date: 19 October 2011