Commonwealth of Independent States Free Trade Area(Redirected from CISFTA)
Commonwealth of Independent States Free Trade Area (CISFTA) is a free trade area between Russia, Ukraine, Belarus, Uzbekistan, Moldova, Armenia, Kyrgyzstan and Kazakhstan. Five CISFTA participants, all except Ukraine, Uzbekistan and Moldova are members of the Eurasian Economic Union, comprising a single economic market.
Commonwealth of Independent States Free Trade Area
|Type||Free trade area|
• Free trade agreement signed
|18 October 2011|
• Free Trade Area established
|20 September 2012|
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. The agreement replaced existing bilateral and multilateral free trade agreements between the countries, although the ex-Soviet states of Azerbaijan, Turkmenistan & Georgia have not signed the agreement. Initially, the treaty was only ratified by Ukraine, Russia, Belarus, Moldova, Armenia and Kazakhstan, however in December 2013 Uzbekistan signed and then ratified the treaty. Kyrgyzstan has ratified the treaty with effect from 12 January 2014, while Tajikistan was reported in 2014 to be close to completing the ratification process.
European Union–Ukraine trade agreement controversyEdit
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 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. Nonetheless, Russia signed a decree in mid-December 2015 suspending its CIS Free Trade Agreement with respect to Ukraine from 1 January 2016. In late December, the Ukrainian Government responded by passing trade restrictions on Russia, with effect from 2 January 2016. Agreements between Ukraine and other EEU states within the free trade area remain in effect.
Signature and ratificationEdit
An overview of signatures and ratifications is shown below:
|State||Signature||Entry into Force||Comment|
|Armenia||18 October 2011||17 October 2012||Eurasian Economic Union member|
|Belarus||18 October 2011||20 September 2012||Eurasian Economic Union member|
|Kazakhstan||18 October 2011||8 December 2012||Eurasian Economic Union member|
|Kyrgyzstan||18 October 2011||13 December 2013||Eurasian Economic Union member|
|Moldova||18 October 2011||9 December 2012|
|Russia||18 October 2011||20 September 2012||Eurasian Economic Union member|
|Tajikistan||18 October 2011|
|Ukraine||18 October 2011||20 September 2012|
|Uzbekistan||13 December 2013||12 January 2014|
- CIS leaders sign free trade deal, 2011-10-18
- Ukraine and Canada completed a free trade agreement, July 15, 2015, 2011-07-15
- Russia’s Duma ratifies Eurasian Economic Union, odessatalk.com. Retrieved 23 December 2014.
- CIS Free Trade Agreement comes into force; Baker & McKenzi, Kyiv, Ukraine, Thursday, October 18, 2012, 2011-10-18
- Usbekistan: Protokoll über Beitritt zur GUS-Freihandelszone in Kraft getreten, de.ria.ru 28th December 2013.
- Uzbekistan joins CIS free trade zone, azernews.az. Retrieved 23 December 2014.
- CIS FTA effective for Kyrgyzstan from 12 January 2014, bilaterals.org. Retrieved on 23 December 2014.
- Belarus, Russia, Kazakhstan work out provisional scheme to control transit via Ukraine, Belarus News. Retrieved 4 January 2016.
- "Russia suspends FTA with Ukraine as EU agreement looms". Eurasian Business Briefing. 17 December 2015. Retrieved 24 December 2015.
- Spotlight: EU-Ukraine trade deal triggers new round of economic clashes, news.xinhuanet.com. Retrieved 4 January 2016.