Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
KIEV, November 10 (Itar-Tass) — The Ukrainian government has submitted a free trade agreement with the CIS member countries to the Ukrainian parliament for ratification.
“The creation of a free trade zone within the CIS space and its further functioning is the top priority for the Commonwealth of Independent States. The CIS strategy provides for economic development of the free trade zone up to 2020,” the press service of the Ukrainian Ministry of Economic Development said on Wednesday.
Last week, Ukrainian Prime Minister Nikolai Azarov stressed the need to ratify the free trade agreement with the CIS as soon as possible. “It’s vitally important in conditions of worsening economic crisis,” the Ukrainian prime minister said.
“The agreement opens up big opportunities for the Ukrainian economy. This is extremely important for us in conditions of serious aggravation of the global financial and economic situation,” Azarov emphasized.
The government expects that the free trade agreement with the CIS states that was signed in St. Petersburg on October 18 will bring additional 1.2 billion dollars worth of revenues to Ukraine’s state budget in 2012. Additional growth of GDP is predicted to be 2.2 percent (3.8 billion dollars).
In the meantime, the Ukrainian opposition demanded that a criminal lawsuit be filed against Azarov. They accused the prime minister of violating the country’s constitution and the law on the cabinet of ministers when he was signing the free trade agreement with the CIS states.
It took the sides three years to work out the agreement. Fourteen rounds of negotiations were held.