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Armenia Ratifies CIS Free Trade Zone Agreement

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  • Armenia Ratifies CIS Free Trade Zone Agreement

    ARMENIA RATIFIES CIS FREE TRADE ZONE AGREEMENT

    /ARKA/
    September 11, 2012
    YERVAN

    YEREVAN, September 11. /ARKA/. The National Assembly of Armenia
    ratified Tuesday an agreement on CIS free trade zone with 97 (for)
    versus 2 (against) votes.

    Thus, Armenia has become the fourth CIS member state after Russia,
    Belarus and Ukraine to ratify the document.

    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.

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