Uzbekistan ratifies CIS free trade zone treaty

18:35, 28 December 2013

ASTANA. December 28. KAZINFORM - President of Uzbekistan Islam Karimov signed a law "On ratification of the Protocol on applying the agreement on free trade zone on October 18, 2011 between the parties and the Republic of Uzbekistan", RBC says.

The protocol was signed in May this year at a meeting of the Council of CIS Heads of Government in Minsk. The document defines the legal arrangements between Uzbekistan and the parties to the contract.

Protocol has been prepared for greater involvement of Uzbekistan in cooperation within the CIS, and the harmonization of trade regimes of the Customs Union with Uzbekistan. The Protocol provides for exemption from import duties in the implementation of trade between the countries of the Customs Union and Uzbekistan.

Uzbekistan became the ninth member of the Treaty on the CIS free trade zone . Currently the Treaty has been joined by Armenia, Belarus, Kazakhstan, Moldova, Russia and Ukraine. Two more states, parties to the treaty - Kyrgyzstan and Tajikistan - have not yet ratified the document.

Parties and Organizations Customs Union CIS Diplomacy Uzbekistan