CIS_Free_Trade_Area

Commonwealth of Independent States Free Trade Area (2011)

Commonwealth of Independent States Free Trade Area (2011)

Trade agreement formed in 2011


Commonwealth of Independent States Free Trade Area (CISFTA) is a free-trade area among Russia, Ukraine, Belarus, Uzbekistan, Moldova, Armenia, Kyrgyzstan, Kazakhstan and Tajikistan. Five CISFTA participants, all except Ukraine, Uzbekistan, Moldova and Tajikistan, are members of the Eurasian Economic Union, comprising a single economic market, although Uzbekistan and Moldova are observers.

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History

Regional Trade Agreements Database of the World Trade Organization.[1]

The Commonwealth of Independent States Free Trade Zone Agreement, proposed since the breakup of the Soviet Union in 1991, was signed on 18 October 2011 by Russia, Ukraine, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova and Armenia.[citation needed] The agreement replaces existing bilateral and multilateral free trade agreements among the countries. Initially, the treaty was only ratified by Russia, Belarus, and Ukraine,[2][3] however by the end of 2012, Kazakhstan, Armenia, and Moldova had also completed ratification.[4][5] In December 2013, Uzbekistan signed and then ratified the treaty,[6][7] while the remaining two signatories, Kyrgyzstan and Tajikistan, later both ratified the treaty in January 2014 and December 2015 respectively.[8][9] Azerbaijan is the only full CIS member state not to participate in the free trade area.

European Union–Ukraine trade agreement controversy

From 1 January 2016, Ukraine and the European Union started provisionally applying a Deep and Comprehensive Free Trade Agreement. Member states of the Eurasian Economic Union (EEU or EAEU) held consultations on 22 December 2015 to discuss the implications of the agreement concerning the possible duty-free transit of EU goods into the EEU via Ukraine. The states agreed to implement a provisional scheme later in 2016 that would impose customs checks on goods entering the EEU from Ukraine; and long term, to establish a common information system to control all imports into the EEU's customs area.[10] Nonetheless, Russia promulgated a decree in mid-December 2015 suspending its CIS Free Trade Agreement with respect to Ukraine from 1 January 2016.[11] In late December, the Ukrainian Government responded by passing trade restrictions on Russia, with effect from 2 January 2016.[12] Agreements between Ukraine and other EEU states within the free trade area remain in effect.

On 1 November 2022, Verkhovna Rada MP Roksolana Pidlasa made a draft bill to denounce the proposed to Treaty on the Free Trade Area (CIS) dated 18 October 2011. After meeting with Prime Minister Denys Shmyhal, she said, "It is time to decolonize our trade. We have bilateral free trade agreements with all CIS member countries, the GUAM Free Trade Agreement, and we also apply the Pan-Euro-Med regional convention with Georgia and Moldova. There are many tools that work for Ukrainian manufacturers. There is no need to participate in a treaty where Russia imposes its rules and uses the right of force."[13]

Signature and ratification

A clickable Euler diagram showing the relationships among various supranational organisations in the territory of the former Soviet Unionvde

An overview of signatures and ratifications is shown below:

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In 2013, the protocol on the application of the CIS FTA between Uzbekistan and the CIS FTA member states was signed as a bilateral document and without any reservations to the CIS FTA agreement.[16] It entered into force in 2014.[17]

See also


References

Footnotes

  1. Suspended with regard to Ukraine from 2 January 2016
  2. Suspended with regard to Russia from 1 January 2016

Online sources

  1. Holmov, Nikolai (27 September 2014). "Russia's Duma ratifies Eurasian Economic Union". OdessaTalk. Archived from the original on 22 June 2018. Retrieved 23 December 2014.
  2. Kazakhstan ratified agreement on Free Trade zone Archived 22 June 2018 at the Wayback Machine www.kaztag.kz. Retrieved 22 June 2018.
  3. Armenia ratifies CIS free trade zone agreement, arka.am. Retrieved 22 June 2018.
  4. Uzbekistan joins CIS free trade zone, azernews.az. Retrieved 23 December 2014.
  5. Dushanbe ratifies agreement on CIS free trade area Archived 22 June 2018 at the Wayback Machine, Vestnik Kavkaza. Retrieved 22 June 2018.
  6. "Russia suspends FTA with Ukraine as EU agreement looms". Eurasian Business Briefing. 17 December 2015. Archived from the original on 25 December 2015. Retrieved 24 December 2015.
  7. "Eurasian Economic Union: The rocky road to integration - Think Tank". www.europarl.europa.eu. Retrieved 9 February 2019.

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