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ARMENIA RATIFIES AGREEMENT ON FREE TRADE ZONE IN THE FORMER SOVIET
Alexey Panov
RIA Novosti
11/09/2012
Armenia's parliament ratified on Tuesday by 97 votes in favor, two
against and seven abstentions, the agreement on the creation of a
free trade zone within the Commonwealth of Independent States (CIS).
Thus, the Transcaucasian country joined Russia, Belarus and Ukraine,
the three countries that ratified the document so far.
The agreement to establish a free trade area was signed last year
by eight of the former Soviet republics. Besides the four mentioned
countries are Kazakhstan, Kyrgyzstan, Moldova and Tajikistan.
The agreement, which hereafter may also accede Azerbaijan, Turkmenistan
and Uzbekistan, is to establish the conditions necessary for the full
and effective functioning of a free trade zone within the CIS.
In addition, the document should encourage better integration between
Member States on the basis of the rules laid down by the World Trade
Organization, which Russia joined last August.
Alexey Panov
RIA Novosti
11/09/2012
Armenia's parliament ratified on Tuesday by 97 votes in favor, two
against and seven abstentions, the agreement on the creation of a
free trade zone within the Commonwealth of Independent States (CIS).
Thus, the Transcaucasian country joined Russia, Belarus and Ukraine,
the three countries that ratified the document so far.
The agreement to establish a free trade area was signed last year
by eight of the former Soviet republics. Besides the four mentioned
countries are Kazakhstan, Kyrgyzstan, Moldova and Tajikistan.
The agreement, which hereafter may also accede Azerbaijan, Turkmenistan
and Uzbekistan, is to establish the conditions necessary for the full
and effective functioning of a free trade zone within the CIS.
In addition, the document should encourage better integration between
Member States on the basis of the rules laid down by the World Trade
Organization, which Russia joined last August.