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ARMENIA TO REMOVE REGULATIONS HINDERING FREE TRADE FROM CIS FREE TRADE ZONE AGREEMENT
YEREVAN, March 18. /ARKA/. Armenia intends to initiate deepening
of the CIS Free Trade Zone agreement, particularly removing all the
current regulations which restrict the free trade, Armenian Ministry
of Economy Tigran Davtyan said.
"As it is highlighted in the related article of the agreement, it is
necessary to start the process of bigger trade liberalization within
the agreement between the CIS republics," he said Saturday at Economic
Aspects of the Eurasian Integration and Armenia conference.
Minister noted Free Trade Area agreement is a principally new document
that offers unique opportunities to develop trade and commercial
relations between the CIS states.
Economic Aspects of the Eurasian Integration and Armenia conference
was organized by Integration and Development organization. Economy
Minister of Armenia Tigran Davtyan, scientists, analysts from Russia,
Armenia and Belarus participated in the conference.
Davtyan told Novosti-Armenia agency that in compliance with the
agreement Yerevan is obliged to launch talks over removing the
regulations till April 18.
"It is a very serious problem, as there is a big number such
regulations, and Armenia possibly has the least number of them- just
one. By the end of the year such regulation related to cigarettes,
will have been removed in accordance with our legislature. It means,
next year Armenia will have zero regulations hindering free trade,
and Armenia will be the only country to have no such regulations,"
the minister said.
"Free trade implies a zero regime, and the regulations imply some
related restrictions, non-free trade. And our initiative is to remove
them as earlier as possible, so as we can trade at zero duties,"
Davtyan added.
Minister also noted Armenia will seek to remove the regulations
related to export and import, particularly those of export as it of
more priority of the republic.
Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan
and Ukraine signed CIS Free Trade Zone Agreement on October 18, 2011.
Azerbaijan, Turkmenistan and Uzbekistan, on their side, made a decision
to further discuss and evaluate the agreement.
The agreement will ensure all the necessary conditions for effective
operation of free trade within the CIS space as well as will foster
the further integration based on the norms of the World Labor
Organization. It will replace the existing agreements on bilateral
and multilateral free trade between the Commonwealth countries. -0-
YEREVAN, March 18. /ARKA/. Armenia intends to initiate deepening
of the CIS Free Trade Zone agreement, particularly removing all the
current regulations which restrict the free trade, Armenian Ministry
of Economy Tigran Davtyan said.
"As it is highlighted in the related article of the agreement, it is
necessary to start the process of bigger trade liberalization within
the agreement between the CIS republics," he said Saturday at Economic
Aspects of the Eurasian Integration and Armenia conference.
Minister noted Free Trade Area agreement is a principally new document
that offers unique opportunities to develop trade and commercial
relations between the CIS states.
Economic Aspects of the Eurasian Integration and Armenia conference
was organized by Integration and Development organization. Economy
Minister of Armenia Tigran Davtyan, scientists, analysts from Russia,
Armenia and Belarus participated in the conference.
Davtyan told Novosti-Armenia agency that in compliance with the
agreement Yerevan is obliged to launch talks over removing the
regulations till April 18.
"It is a very serious problem, as there is a big number such
regulations, and Armenia possibly has the least number of them- just
one. By the end of the year such regulation related to cigarettes,
will have been removed in accordance with our legislature. It means,
next year Armenia will have zero regulations hindering free trade,
and Armenia will be the only country to have no such regulations,"
the minister said.
"Free trade implies a zero regime, and the regulations imply some
related restrictions, non-free trade. And our initiative is to remove
them as earlier as possible, so as we can trade at zero duties,"
Davtyan added.
Minister also noted Armenia will seek to remove the regulations
related to export and import, particularly those of export as it of
more priority of the republic.
Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan
and Ukraine signed CIS Free Trade Zone Agreement on October 18, 2011.
Azerbaijan, Turkmenistan and Uzbekistan, on their side, made a decision
to further discuss and evaluate the agreement.
The agreement will ensure all the necessary conditions for effective
operation of free trade within the CIS space as well as will foster
the further integration based on the norms of the World Labor
Organization. It will replace the existing agreements on bilateral
and multilateral free trade between the Commonwealth countries. -0-