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Uzbekistan to Join Free Trade Zone by Yearend

CIS heads of government meeting in the Crimean city of Yalta
15:10 28/09/2012
YALTA, September 28 (RIA Novosti)
Tags: Commonwealth of Independent States, Uzbekistan

Uzbekistan will join a CIS free trade zone by the end of this year, CIS steering committee head Sergei Lebedev said on Friday at a CIS heads of government meeting in the Crimean city of Yalta.

"The decision has been made that Uzbekistan will become the ninth participant in the free trade zone by the end of the year," Lebedev said, summing up the first stage of the congress.

The CIS free trade zone agreement was signed on October 18, 2011 by eight nations including Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Ukraine. Azerbaijan, Turkmenistan and Uzbekistan said they wished to discuss some issues further before joining.

Moldova ratified the agreement on Thursday. Five other nations (Armenia, Belarus, Russia and Ukraine) have already ratified the deal.

The agreement is designed to guarantee conditions for free trade in the CIS space and create favorable conditions for further economic integration on the basis of WTO norms. It replaces previously existing bilateral and multilateral agreements on free trade between the member states.

 

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RIA NovostiCIS heads of government meeting in the Crimean city of YaltaUzbekistan to Join Free Trade Zone by Yearend

15:10 28/09/2012 Uzbekistan will join a CIS free trade zone by the end of this year, CIS steering committee head Sergei Lebedev said on Friday at a CIS heads of government meeting in the Crimean city of Yalta.>>

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  • PlutardesThe Russian economy now showing results.
    21:05, 30/09/2012
    The American economy is totally dependent on money printing and, in recession for the USA, so that such economy may involve much illegal operations by Western Banks and also by the stock markets of the West. The Russian Economy is prosperous and based in true commerce, true business ventures like the Russian oil exports. The Russian Federation therefore has one of the most powerful currency ventures of the globe, not based in money backed speculation when the United States has its economy based on US Dollar bills, money paper and not true business where the USA economy has no money reserve or economic guarantees. The Rouble is thriving and is an economically viable currency. Even the Chinese Space Program may partially originate in Russia. The Russian economy may be bigger than the figures released in relation to the USA and the eurozone when both are badly compared to the Russian Rouble. The Russians have their economy not following wild Capitalism and is not a truly effective market economy, despite the studied privatizations once proposed by Prime Minister Medvedev, although with restrain.
    • PlutardesThe Russian economy showing results
      21:35, 30/09/2012
      The Russian Economy showing results.

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