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CES to be giant market with unified legislation, free movement: PM

October 04, 2011, 2:17 UTC+3
“It is of fundamental importance that the Common Economic Space will be based on coordinated actions in key institutional spheres", - Putin said
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MOSCOW, October 4 (Itar-Tass) — With the launch of the Common Economic Space on January 1, 2012, Russia, Belarus and Kazakhstan will create a colossal market with millions of consumers with a unified legislation, free movement of capitals, services and workforce, Russian Prime Minister Vladimir Putin said in an article published by the Izvestia daily.

“It is of fundamental importance that the Common Economic Space will be based on coordinated actions in key institutional spheres – in macroeconomics, in securing the rules of competition, in the sphere of technical regulations and agricultural subsidies, transport, tariffs of natural monopolies,” he said in the article “New Integration Project for Eurasia – Future That is Being Born Today”.

“And then – also on a common visa and migration policy, which will make it possible to remove border controls on inner boundaries,” he noted. “That is, to creatively apply the experience of Schengen agreements, that have become a benefit not only for Europeans themselves, but for all those who come to work, study or holiday in EU countries,” he added.

“The removal of migration, border and other barriers, the so-called labor quotas will mean for the citizens a possibility to choose without any restrictions where to live, study and work,” the Russian prime minister stressed.

Broad possibilities open for business as well. “I am speaking about new dynamic markets where common standards and requirements for goods and services, in most cases unified with European ones, will be used,” he added.

“It is important, as now we all change over to modern technical regulations, and coordinated policy will let us avoid technology gaps, trivial incompatibility of goods,” the prime minister noted.

“Moreover, each company in our states will enjoy in any CES member country all advantages of domestic producers, including an access to government orders and contracts,” Putin stressed.

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