Ukraine and the Eurasian Economic Commission signed memoranda on trade and economic cooperation and cooperation in the field of technical regulation.

As the Cabinet’s press service informs, the documents were signed by Prime Minister Mykola Azarov and chairman of the Eurasian Economic Commission Board Viktor Khristenko.

"For the successful development of our countries, it is extremely important for us to agree on establishing the cooperation between the Ukraine’s government and the Eurasian Economic Commission as a permanent body of the Customs Union and the Common Economic Space," Azarov said.

However, he noted that Ukraine would like to be permanently represented in the Eurasian Economic Commission and participate in its meetings as an observer. "We would like to offer you to consider the representation of Ukraine in the Eurasian Economic Commission and to express our desire to participate in its work as an observer," the Prime Minister said.

He added that Ukraine wants to accredit in the Commission its permanent representative-observer, who would work in the Ukrainian Embassy in the Russian Federation.

In addition, the Prime Minister said that the signing of the two memoranda reduces risks in mutual trade, introduce clear rules in the trade and economic relations between Ukraine and the countries of the Customs Union. According to him, clear technical regulations stipulated in the signed documents will exclude the possibility of introducing a number of measures of non-competitive restrictions in mutual trade.

In turn, Khristenko informed the head of the Ukrainian government that the Eurasian Economic Commission has received applications from 35 world countries, expressing the desire to introduce a free trade area with the Customs Union.

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