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Armenia To Consider Joining CIS Free Trade Zone In September

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  • Armenia To Consider Joining CIS Free Trade Zone In September

    ARMENIA TO CONSIDER JOINING CIS FREE TRADE ZONE IN SEPTEMBER

    Vestnik Kavkaza
    July 12 2012
    Russia

    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.




    From: A. Papazian
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