Kazakhstan Ratifies Protocol on Free Trade Xone with Uzbekistan
OREANDA-NEWS. March 31, 2014. Senate of the Parliament of the Republic of Kazakhstan ratified the Protocol on the application of the Treaty on the CIS free trade zone from October 18, 2011 between its parties and Uzbekistan at the plenary session.
As the Minister of Economy and Budget Planning of Kazakhstan Yerbolat Dossayev noted presenting the bill, the Treaty on the free trade zone, providing for a multilateral system of preferential trade within the CIS was signed on 18 October, 2011 in Minsk. Its members are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Ukraine. In February 2013 Uzbekistan reported in the CIS Executive Committee of intention to accede to the Treaty on conditions that it will be provided with transition periods for the implementation of a number of the obligations until 2021.
Under the Protocol, Kazakhstan fixed the list of goods which are provided with export duties when exporting them to Uzbekistan. The same measures are taken by Uzbekistan.
An agreement on free trade zone provides for "minimizing exemptions from the range of goods subjected to import duties".
Комментарии