Countries of the Customs Union and Israel will soon create a research group in order to establish a free trade zone and will start drafting a relevant agreement, Russian Deputy Prime Minister Arkady Dvorkovich said.
"We expect that the work of the research group will begin in the coming weeks in order to begin drafting the free trade zone agreement," Dvorkovich said at a meeting with co-chairpersons of the Russian-Israeli committee in trade and economic cooperation on December 9.
Relevant consultations with Belarusian and Kazakh colleagues have already taken place, the deputy prime minister said.
The process of establishing the free trade zone will be completed in the foreseeable future, Dvorkovich said.
As of today, trade turnover between Russia and Israel will become one of the main directions of Russian-Israeli cooperation and will be the main work topic in 2014, Israeli Foreign Minister Avigdor Lieberman said.
Russian President Vladimir Putin has noted a positive effect from the Customs Union of Russia, Kazakhstan and Belarus. Read more>>>
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