President Viktor Yanukovych of Ukraine will soon submit for ratification to the Verkhovna Rada the agreement on a free trade zone within the Commonwealth of Independent States, according to Valeriy Muntiyan, the government's commissioner for cooperation with Russia, CIS, EurAsEC and other regional associations.

"In the near future, the President will send the document for ratification to the Verkhovna Rada," he said, UKRINFORM reported.

As reported, the prime ministers of the CIS countries signed the agreement on a free trade zone in St. Petersburg (Russia) on October 18, 2011. The FTZ agreement was signed by Russia, Ukraine, Belarus, Kazakhstan, Armenia, Tajikistan, Moldova and Kyrgyzstan. Azerbaijan, Turkmenistan and Uzbekistan did not sign the document. At the same time, it was stated that these countries are planning to join it this year.

On the same day, Prime Minister of Ukraine Mykola Azarov expressed hope that the signed agreement on a free trade zone within the CIS will come into force in January 2012.

On November 23, Russian President Dmitry Medvedev submitted for ratification by the State Duma of the Russian Federation the agreement on a free trade zone within the Commonwealth of Independent States.

On December 9, First Vice-Premier, Minister of Economic Development and Trade of Ukraine Andriy Kliuyev said that the agreement on a free trade zone within the CIS was undergoing the necessary procedures before submission to the Parliament for ratification.

On December 20, Viktor Yanukovych said in Moscow that Ukraine was ready to discuss simultaneous ratification of the agreement on a free trade zone within the CIS by member countries of the Commonwealth of Independent States.
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