The Armenian parliament will consider ratification of the CIS free trade zone agreement in September, Chairman of the Federation Council of Russia Valentina Matviyenko said after a meeting with Armenian President Serzh Sargsyan, News Armenia reports.
Ratification was initiated after formation of the new parliament.
The parliament will also consider ratification of the protocol on military bases of members of the Collective Security Treaty Organization (CSTO). Armenia wants Russia to build the second block of the Armenian nuclear power plant.
The CIS free trade agreement was signed by Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Ukraine on October 18, 2011. Azerbaijan, Turkmenistan and Uzbekistan expressed willingness to consider joining in. The deal simplifies trade and boosts integration processes, based on the norms of the World Trade Organization (WTO). It will replace numerous bilateral and multilateral free trade agreements.
