Head of State offers to establish 'Caspian free trade zone'

"Taking into account the current state of the world market we should consider the possibility of convergence of our economies to increase mutual trade", said Nursultan Nazarbayev. However, Head of State noted that even before the settlement of the legal status of the Caspian Sea, the five states should lay the foundation for economic cooperation. Kazakhstan's President proposed to establish a free trade zone. In his words, that issue may become one of the first to be discussed at the level of the governments of the five states.