The Verkhovna Rada ratified the CIS free trade area agreement, ForUm correspondent reports.

260 cards of MPs voted in favor of such decision during the extraordinary session on Monday.

The draft law on ratification of the agreement, proposed by Prime Minister Mykola Azarov, is considered by the MPs under abbreviated procedure.

On October 18, 2011 in St. Petersburg, the Prime Ministers of CIS member states signed the agreement establishing a free trade area. The FTA agreement was signed by Russia, Ukraine, Belarus, Kazakhstan, Armenia, Tajikistan, Moldova and Kyrgyzstan. The contract was not signed by Azerbaijan, Turkmenistan and Uzbekistan. However, it was stated that these countries plan to join the agreement.

However, Ukraine raised some comments to the agreement, referring to the inequality of conditions within the imposition of trade restrictions by the Customs Union countries and other members of the Commonwealth.


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