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CIS free trade zone to avoid raising tensions in Customs Union

20 May 2011 11:49
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CIS free trade zone to avoid raising tensions in Customs Union

MINSK. May 20. KAZINFORM A free trade zone inside the Commonwealth of Independent States should not worsen relations inside the Customs Union, Prime Minister of Belarus Mikhail Myasnikovich told media in Minsk on 19 May.

According to BelTA, the Customs Union of Belarus, Russia, and Kazakhstan has an agreed customs policy. There are rules to use in regard to third-party states, including the Commonwealth, said Mikhail Myasnikovich. "If we are talking about a free trade zone, we should take into account that it should not worsen mutual relations inside the Customs Union and the evolving Single Economic Space".

Mikhail Myasnikovich added that many CIS states have bilateral agreements with clauses that drastically differ from common trade rules. Those are quite sensitive issues for some third countries. "This is why while working on the free trade zone treaty it is necessary not to put a squeeze on budgets of some countries in relation to third-party states," said Mikhail Myasnikovich. "For instance, the Customs Union requires to bring Belarusian-Ukrainian relations into conformance to avoid an inflow of commodities from Ukraine to the Customs Union. Everything should be balanced".

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