Business news from Ukraine

PARLIAMENT RATIFIES PROTOCOL ON APPLICATION OF FREE TRADE AREA AGREEMENT WITH UZBEKISTAN

28 January , 2016  

KYIV. Jan 28 (Interfax-Ukraine) – The Ukrainian parliament has ratified the protocol on the application of the free trade area agreement dated October 18, 2011 between the parties of the agreement and Uzbekistan.

A total of 234 parliamentarians supported bill No. 0060 on Wednesday.

The protocol aims at providing the effectiveness of the provision of the free trade area agreement dated October 18, 2011 in relations between Uzbekistan and the parties of the agreement, taking into account the conditions foreseen in the protocol and the expansion of the free trade area within the CIS.

According to the protocol, the free trade agreement signed by the Ukrainian and Uzbek governments on December 29, 1994 is valid.

Uzbekistan does not apply imports and exports duties towards Ukraine.

The protocol on the application of the free trade area agreement dated October 18, 2011 between Uzbekistan and the parties of the agreement was signed on May 31, 2013 in Minsk.