Italian PM Matteo Renzi says to file resignation request later on MondayWorld December 05, 4:37
Moscow not seen as possible host of Eurovision 2017 song contest - mediaSociety & Culture December 04, 22:22
Et-Tell in Damascus Province fully controlled by Syrian governmentWorld December 04, 21:46
Mirziyoyev campaign office says he is winning presidential elections in UzbekistanWorld December 04, 21:40
Preliminary results of Uzbekistan’s presidential polls to be announced on December 5 - CECWorld December 04, 21:28
Putin expresses condolences over fatal road accident in Khanty-Mansyisk autonomous areaSociety & Culture December 04, 20:20
Emergencies ministry confirms death of 12 people in road accident near Khanty-MansyiskSociety & Culture December 04, 17:04
Fidel Castro buried in Santiago de CubaWorld December 04, 16:50
Cuban revolution in pictures: Early years of Fidel CastroWorld December 04, 16:49
MOSCOW, March 28 (Itar-Tass) — The Federation Council upper house of the Russian parliament ratified the agreement on a free trade zone in CIS territory. The document was signed in St. Petersburg on October 18, 2011 by representatives of eight CIS countries: Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Ukraine.
The agreement has provisions that guarantee non-discriminating non-tariff regulation, national regime and clear subsidy rules that conform to world practice. It cuts the list of goods to which protective tariffs apply. The sales market therefore will expand.
The agreement creates the necessary conditions for full-fledged and effective functioning of a free trade zone for CIS members. The ratification of the document is expected to contribute to further mutual integration on the basis of norms and rules of the World Trade Organization, parliamentarians said.
The FC committee on international affairs said the agreement differs from the effective documents in the availability of the instrument to compel the sides to meet their commitments.
This instrument is the procedure to resolve disputes. At the first stage, disputes are to be resolved through consultations.
In case of failure to reach an accord, the dispute might be passed for review by the CIS Economic Court, if the parties are signatories to the agreement on the status of the CIS Economic Court dated July 6, 1992.
The document cancels import customs duties and spells out the parties' commitments to mutually cancel bans and quantity restrictions.