Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
OSCE says preparations for talks on Transnistria to begin in near futureWorld January 18, 18:15
About 1,500 officials may attend Arctic ForumBusiness & Economy January 18, 17:38
Russia, Turkey conducting first joint air operation against Islamic StateMilitary & Defense January 18, 17:20
Austria as OSCE chair to strengthen monitor mission in Ukraine — top diplomatWorld January 18, 17:14
Russian food inflation declines threefold in 2016 — Central BankBusiness & Economy January 18, 17:01
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.