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    Russia Could Suspend Georgia Free Trade Agreement

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    Russia’s Ministry of Economic Development has drafted a government regulation suspending the agreement between Russia and Georgia on free trade.

    MOSCOW, July 30 (RIA Novosti) – Russia’s Ministry of Economic Development has drafted a government regulation suspending the agreement between Russia and Georgia on free trade.

    The draft has been backed by the Russian Foreign Ministry and the Justice Ministry.

    The parliament of Georgia unanimously ratified the association agreement with the European Union on July 18.The association deal consists of three parts: political cooperation, cooperation in various sectors of economy and the Deep and Comprehensive Free Trade Agreement (DCFTA).

    Most of the agreement’s provisions will come into force on September 1.

    Georgia is not a member of the Commonwealth of Independent States, but is still party to several CIS trade agreements.

    Russia and Georgia signed the agreement on free trade in February 1994.

    Tags:
    DCFTA, Russian Ministry of Economic Development, Russian Justice Ministry, Russian Foreign Ministry, European Union, Georgia
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