CIS member states have ratified the treaty establishing a free trade
zone, Valery Muntiyan, the Commissioner of the Government
of Ukraine on cooperation with Russia and the CIS said today, RIA Novosti
reported.
On July 30 the Ukrainian parliament passed a bill to ratify a treaty
on a free trade zone in the CIS. President Viktor Yanukovych signed the
law on August 9. Ukraine became the third country to sign the
document after Russia and Belarus
The agreement on a free trade zone within the CIS was signed on October
18, 2011 by eight countries - Russia, Armenia, Belarus, Kazakhstan,
Kyrgyzstan, Moldova, Tajikistan and Ukraine. At the same time,
Azerbaijan, Turkmenistan and Uzbekistan expressed their desire to
further study the issue of accession to the treaty.
The document will provide the necessary conditions for full and
effective functioning of a free trade zone within the CIS and create
favorable conditions for further deepening of integration on the basis
of the norms of the World Trade Organization.
