CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Uzbekistan Joins CIS Free Trade Zone

Uzbekistan Joins CIS Free Trade Zone

by Tatiana Smolenska, Tax-News.com, Moscow

09 January 2014


Uzbek President Islam Karimov has ratified a treaty which makes Uzbekistan the ninth member of the free trade area of the Commonwealth of Independent States (CIS).

Aside from Uzbekistan, the free trade agreement (FTA) includes Russia, Ukraine, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moldova, and Tajikistan. Kyrgyzstan and Tajikistan have signed but not yet ratified the agreement.

Under the FTA Uzbekistan will not have to pay import duties and tariffs on goods from other CIS countries. The terms of the agreement stipulate that areas of dispute should be resolved through bilateral talks.

Uzbekistan previously resisted joining CIS treaties and has twice withdrawn from the CIS Collective Security Treaty Organization.

However, Uzbekistan's economy is expected to benefit greatly from the FTA as the CIS members are key trading partners. Uzbekistan's trade with Russia alone exceeded USD7bn in 2012.

TAGS: Russia | free trade agreement (FTA) | Kyrgyzstan | tariffs | Armenia | Belarus | Kazakhstan | Moldova | trade | Tajikistan | Ukraine | Uzbekistan

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »