9 November 2012, 17:08

Prosperous future for CIS

Prosperous future for CIS

The CIS is a self-sufficient union with a common trade and economic complex, Director of the Department of CIS Countries at the Russian Foreign Ministry Mikhail Yevdokimov has declared.

He says that the trade turnover in the Customs Union countries, that are Russia, Belarus and Kazakhstan, has grown by 40% since the 1st of July 2011 and by 12% since January this year.

The ratification process of the Free Trade Zone Treaty between 8 CIS countries is nearing completion. This zone will embrace 98% of the trade turnover between all CIS countries.

Voice of Russia, TASS

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