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29 May 2020

Belarus PM: CIS states need to complete work on free trade zone for services

Belarus PM: CIS states need to complete work on free trade zone for services
Sergei Rumas

MINSK, 29 May (BelTA) – The CIS member states need to complete work on the development of a free trade zone for services, Belarus Prime Minister Sergei Rumas said during a video conference of the CIS Heads of Government Council on 29 May, BelTA has learned.

According to Sergei Rumas, the multilateral free trade zone formed in 2011 with a market capacity of over 280 million people remains the central element of the CIS economic configuration. “In our view, the key task is to further unlock the potential of the FTA agreement. First of all, it is the completion of work on the development of a free trade zone for services, ensuring a barrier-free trade environment, simplification of customs procedures,” he said.

“I believe that the improvement of conditions for mutual access to markets can become a serious driver for the rapid recovery of our economies. I am confident that by joint efforts, we will be able to efficiently overcome the consequences of the pandemic and return our countries back to the track of sustainable development,” the prime minister said.

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