Uzbekistan joins CIS free trade zone
The Federation Council of Russia has ratified the protocol on Uzbekistan’s membership in the CIS free trade zone. The document includes waivers from import rules that will be in force until December 31, 2020, or until Uzbekistan joins the WTO, RIA Novosti reports.
The protocol was signed by the CIS Council of Heads of Governments in Minsk on May 31, 2013. Uzbekistan ratified the document in late December 2013.
The protocol focuses on encouraging Uzbekistan to cooperate within the framework of the CIS, unify trade rules with the Customs Union (Russia, Belarus, Kazakhstan). The Russian Ministry for Economic Development says that the document will boost universalization of CIS free trade and bilateral trade-economic cooperation of Russia and Uzbekistan.