CIS member-states agree on free trade zone

According to the RF Government press-service, The Prime Ministers of the Commonwealth of Independent States (CIS) member states have signed a free trade agreement, Russian Prime Minister Vladimir Putin said on Tuesday.

The agreement eliminates export and import duties on a host of goods. It also contains a number of exemptions that will ultimately be phased out.

The agreement was signed by all the CIS states except Azerbaijan, Uzbekistan and Turkmenistan.

"As a result of the long, sharp, but constructive talks we:have agreed today to sign a CIS free trade zone agreement," Putin said earlier.

Putin stressed that the deal is "a fundamental document that will lay the groundwork for long-term relations."

The CIS, a loose association of former Soviet republics, consists of  Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Uzbekistan. Ukraine has not ratified the CIS Charter but participates in its activities.

The CIS has been trying to form a free trade zone since as far back as the early 1990s and held a summit in Moscow in May in which a draft agreement was presented, but there was no final signature. Belarus, Kazakhstan and Russia formed their own Customs Union earlier this year.

Related articles

Popular

Editor's choice
Interview
Thursday Interview: Murad Muradov

Thursday Interview: Murad Muradov

Today, commonspace.eu starts a new regular weekly series. THURSDAY INTERVIEW, conducted by Lauri Nikulainen, will host  persons who are thinkers, opinion shapers, and implementors in their countries and spheres. We start the series with an interview with Murad Muradov, a leading person in Azerbaijan's think tank community. He is also the first co-chair of the Action Committee for a new Armenian-Azerbaijani Dialogue. Last September he made history by being the first Azerbaijani civil society activist to visit Armenia after the 44 day war, and the start of the peace process. Speaking about this visit Murad Muradov said: "My experience was largely positive. My negative expectations luckily didn’t play out. The discussions were respectful, the panel format bringing together experts from Armenia, Azerbaijan, and Turkey was particularly valuable during the NATO Rose-Roth Seminar in Yerevan, and media coverage, while varied in tone, remained largely constructive. Some media outlets though attempted to represent me as more of a government mouthpiece than an independent expert, which was totally misleading.  Overall, I see these initiatives as important steps in rebuilding trust and normalising professional engagement. The fact that soon a larger Azerbaijani civil society visits to Armenia followed, reinforces the sense that this process is moving in the right direction." (click the image to read the interview in full)