Uzbekistan has ratified the treaty on a CIS free trade area.
The law on the ratification of a protocol on the application of the October 18, 2011 treaty on a free trade area between its parties and the Republic of Uzbekistan (Minsk May 31, 2013) signed by President Islam Karimov on Friday was published in the national media outlets on Saturday.
The law was passed by the Legislative (lower) Chamber of the Uzbek parliament on November 29 and was approved by the Senate on December 13. Hence, all national procedures necessary for the law to take effect have been carried out.
Uzbekistan has become the 9th signatory of the CIS free trade area treaty. The law signed on October 18, 2011 by eight CIS members has taken effect for Armenia, Belarus, Kazakhstan, Moldova, Russia, Ukraine, and Kyrgyzstan. Tajikistan has not yet ratified it.
Russian President Vladimir Putin has noted a positive effect from the Customs Union of Russia, Kazakhstan and Belarus. Read more>>>
All rights reserved by Rossiyskaya Gazeta.