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Ukraine urges all CIS countries to join Free Trade Area

English.news.cn   2011-10-21 20:32:45 FeedbackPrintRSS

KIEV, Oct. 21 (Xinhua) -- Ukraine wants to see all Commonwealth of Independent States (CIS) members join a planned Free Trade Area (FTA), a government official said here Friday.

Eight of the 11 CIS states signed an agreement to set up an FTA in Moscow on Tuesday, but Azerbaijan, Uzbekistan and Turkmenistan have yet to join.

"The creation of the CIS Free Trade Area will have a positive impact on Ukraine, as well as other post-Soviet countries and even those states that have not signed the agreement. We urge them to sign it," Valery Muntiyan,the Ukrainian government's commissioner on cooperation with Russia, CIS countries, Eurasian Economic Community and other regional associations, said during a Moscow-Kiev-Chisinau-Yerevan-Astana video conference.

Muntiyan said foreign trade among member countries could grow by 30 to 45 percent per year after the FTA treaty enters into force.

Muntiyan said Ukrainian experts had predicted that the FTA would boost industrial output, gross domestic product and budget revenues.

Editor: Yang Lina
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