Commonwealth of Independent States Free Trade Area
From Kazakhstan Encyclopedia
Commonwealth of Independent States Free Trade Area (CISFTA) is a free trade area between Russia, Ukraine, Belarus, Uzbekistan, Moldova, Armenia, Kyrgyzstan and Kazakhstan. Five CISFTA participants, all except Ukraine, Uzbekistan and Moldova are members of the Eurasian Economic Union, comprising a single economic market.
The Commonwealth of Independent States Free Trade Zone Agreement, proposed since the breakup of the Soviet Union in 1991, was signed on 18 October 2011 by Russia, Ukraine, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova and Armenia. The agreement replaced existing bilateral and multilateral free trade agreements between the countries, although the ex-Soviet states of Azerbaijan, Turkmenistan & Georgia have not signed the agreement. Initially, the treaty was only ratified by Ukraine, Russia, Belarus, Moldova, Armenia and Kazakhstan, however in December 2013 Uzbekistan signed and then ratified the treaty. Kyrgyzstan has ratified the treaty with effect from 12 January 2014, while Tajikistan was reported in 2014 to be close to completing the ratification process.
European Union–Ukraine trade agreement controversy
From 1 January 2016, Ukraine and the European Union started provisionally applying a Deep and Comprehensive Free Trade Agreement. Member states of the Eurasian Economic Union held consultations on 22 December 2015 to discuss the implications of the agreement concerning the possible duty-free transit of EU goods into the EEU via Ukraine. The states agreed to implement a provisional scheme later in 2016 that would impose customs checks on goods entering the EEU from Ukraine; and long term, to establish a common information system to control all imports into the EEU's customs area. Nonetheless, Russia signed a decree in mid-December 2015 suspending its CIS Free Trade Agreement with respect to Ukraine from 1 January 2016. In late December, the Ukrainian Government responded by passing trade restrictions on Russia, with effect from 2 January 2016. Agreements between Ukraine and other EEU states within the free trade area remain in effect.
Signature and ratification
Template:Supranational PostSoviet Bodies An overview of signatures and ratifications is shown below:
|State||Signature||Entry into Force||Comment|
|Armenia||Template:Dts||Template:Dts||Eurasian Economic Union member|
|Belarus||Template:Dts||Template:Dts||Eurasian Economic Union member|
|Kazakhstan||Template:Dts||Template:Dts||Eurasian Economic Union member|
|Kyrgyzstan||Template:Dts||Template:Dts||Eurasian Economic Union member|
|Russia||Template:Dts||Template:Dts||Eurasian Economic Union member|
- Commonwealth of Independent States
- Economic integration
- Eurasian Union
- Free trade areas in Europe
- Post-Soviet states
- Trade bloc
Template:Commonwealth of Independent States
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