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Zimbabwe applies to join the free-trade zone with the Eurasian Economic Union

by Staff reporter
18 Jul 2015 at 18:19hrs | Views
The Republic of Zimbabwe has applied for joining the free-trade zone with the Eurasian Economic Union.

It is reported by Interfax with a reference to an informed source. The interlocutor of the agency noted that 30 such applications have been submitted to the Eurasian Economic Commission (the supranational body of the EEU), for example, from Jordan, Syria, Mongolia and Albania. He explained that the applications are considered by the commission. The negotiation process is launched agreement when approved by all members of the EEU.

In May the Free trade zone was joined by Vietnam. Now its admission is being ratified by other members of the zone.

The EEU is an international economic association. Its aim is to carry out a coordinated economic policy and creation of a zone of free movement of goods, services, capital and workforce. The agreement on launching the EEU was signed on May 29, 2014 in Astana and came into force on January 1, 2015. The members of the union are Russia, Belarus, Kazakhstan and Armenia; on May 21 Kazakhstan joined the EEU.

Source - charter97
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