US, Israel abstain from UN GA vote condemning Cuba embargoWorld October 26, 20:31
Mark Zuckerberg, Bill Gates intend to see battle for world’s chess crown — FIDE chiefSport October 26, 20:24
Mi-8 helicopter lost in Russia's Yamal was running out of fuel — IACWorld October 26, 20:20
Contact Group supports disengagement of forces in Donbass — officialWorld October 26, 19:32
IOC strips Russian runner Volkova of 2008 Olympics bronzeSport October 26, 19:15
Analyst says Russian air strikes in Syria cause 70% slump in militants’ oil traffickingRussian Politics & Diplomacy October 26, 18:44
NATO chief concerned over Russia's actions in SyriaWorld October 26, 18:28
Armed OSCE mission may be deployed to Donbass after security zones set up — diplomatRussian Politics & Diplomacy October 26, 18:18
Diplomat: Humanitarian organizations fail to ensure evacuation from AleppoRussian Politics & Diplomacy October 26, 18:15
MOSCOW, March 15 (Itar-Tass) —— The State Duma’s committee on CIS and compatriots recommended ratifying the agreement on a free trade zone.
Head of the committee Leonid Slutsky said the issue may be on the agenda of the State Duma’s session on March 20.
“This is a most important agreement for the entire economic integration in the CIS for years ahead,” he said. The document is positively different from a similar agreement of 1993, which had not been ratified, he said.
Slutsky added that the agreement will provide necessary conditions for effective zone of free trade in the CIS and favourable conditions for further development of integration on the basis of the norms of the WTO.
“The major difference of the agreement from present agreements is the instrument of constraint to follow obligations for sides violating terms. This instrument is in rules for settling disputes,” he said.
The agreement also has provisions, which guarantee non-discriminative use of non-tariff regulations, and clear rules of subsiding used in international practice.
The agreement will substitute the current agreements between the CIS states on free trade.
The agreement was signed on October 18, 2011 by Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Ukraine in St. Petersburg.