Russian female doctor killed in Aleppo hospital shellingWorld December 05, 15:47
Kremlin comments on Su-33 bomber jet crash in MediterraneanMilitary & Defense December 05, 15:26
Kremlin has no information about alleged death of Russian medics in SyriaRussian Politics & Diplomacy December 05, 15:25
Antimonopoly Service: Google will lose BRICS market if it violates Russian lawBusiness & Economy December 05, 15:06
Kiev court fully sustains claim of Ukraine’s anti-monopoly committee to GazpromBusiness & Economy December 05, 15:00
Diplomat believes EU avoiding anti-terrorism cooperation with RussiaRussian Politics & Diplomacy December 05, 14:56
Russia's top aviation company to repair Mi-35P helicopters for Indonesian Air ForceMilitary & Defense December 05, 14:55
Uzbekistan interim head Shavkat Mirziyoyev wins presidential electionsWorld December 05, 14:32
MP says Italian referendum means lifting anti-Russian sanctions not far behindRussian Politics & Diplomacy December 05, 14:31
MOSCOW, March 20 (Itar-Tass) —— The State Duma has ratified the CIS free trade zone agreement signed by Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Ukraine in St. Petersburg on October 18, 2011.
The ratification of this document is necessary for full-value and effective functioning of the CIS free trade zone and a favorable environment for integration on the basis of World Trade Organization (WTO) norms, Chairman of the State Duma Committee for CIS Affairs and Compatriots Leonid Slutsky said. “That is a keynote treaty for economic integration in the CIS for many years to come,” he noted.
The agreement guarantees the non-discriminative application of non-tariff regulation norms and clear subsidizing rules based on the world practice. In contrast to existent agreements, it compels sides, which breach their commitments, to fulfill them, Slutsky said.
The agreement fully complies with WTO fundamental principles, Deputy Economic Development Minister Alexei Likhachyov said. “The agreement applies not only to commodities but also to services,” he said. It is very important that the agreement offers trade security mechanisms, such as anti-dumping measures. “It defines principles of the allotment of state subsidies to industries and agriculture, technical, sanitary and Phytosanitary regulation and customs administering,” he noted.
The agreement allows for rapid reaction to the conclusion of agreements with third parties by one of its participants, Likhachyov said. “Ukraine and Moldova would be a good example. As soon as they start the formation of a free trade zone with a third party, such as the European Union, and we view that step as harmful, we may introduce import duties on their commodities. That is a very serious provision aimed to concentrate the participants’ interest within the CIS free trade zone,” he said.
The agreement gives the first legal recognition to the Customs Union. “It says that not only the signatories to the agreement but also the Customs Union (Russia, Belarus and Kazakhstan) shall have equal rights,” the deputy minister said.
The agreement will enter into force 30 days after the last instrument of ratification is deposited.