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Joining CIS Free Trade Zone Doesn't Counter WTO Agreements

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  • Joining CIS Free Trade Zone Doesn't Counter WTO Agreements

    JOINING CIS FREE TRADE ZONE DOESN'T COUNTER WTO AGREEMENTS

    Tert.am
    18:56 26.10.11

    Armenia's prime minister has said that the agreement on free trade
    zone with CIS member states does not run counter with Armenia's
    agreements with the World Trade Organization.

    Speaking at the parliament on Wednesday, Tigran Sargsyan said that
    other WTO members are also in favor of that agreement.

    Sargsyan also said that unlike other bilateral agreements, this one
    is of historical significance, has more modern terminology and rules
    and is aimed at creating a joint platform for trade.

    It is also an attempt to create exclusive opportunities so that
    business enterprises will be able to trade with paying the customs
    duty, he added.

    "The agreement is one step forward unlike other bilateral documents,
    and if Turkmenistan, Uzbekistan and Azerbaijan join it, it will
    expand," said Sargsyan.

    Armenia, together with other seven CIS countries signed the document
    on free trade agreement last week during a CIS summit.

    Further, Tigran Sargsyan said that Armenia's joining to this document
    would not be an obstacle for its European integration as Armenia's
    European partners were informed about it beforehand and none voiced
    opposition.

    The agreement, according to Sargsyan, will not hinder negotiations
    with the European Union over the comprehensive trade agreement either.

    Tigran Sargsyan also said that Armenia does not intend to joint the
    costumes union that includes Russia, Belarus and Kazakhstan.

    "We do not share [ground] border with them, therefore that issue is
    not in our agenda," explained Tigran Sargsyan.



    From: Emil Lazarian | Ararat NewsPress
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