Customs Union and New Zealand Can Create Free Trade Zone

15.11.2010 12:12
Архив Редакция

Belarus, Kazakhstan and Russia, members of the Customs Union, initiated negotiations to establish free trade with New Zealand. This statement was made by Foreign Minister of Belarus Sergei Martynov, Russian Economic Development Ministry Elvira Nabiullina, Economic Development and Trade of Kazakhstan Zhanar Aitzhanova and Trade Minister of New Zealand Tim Groser on November 15.

As it became known to Telegraf, the ministers endorsed a joint report on free trade area, prepared by experts of the four countries on October 5, 2010, and instructed their representatives to start negotiations to conclude an agreement by the end of 2011.

«The future of a free trade agreement is of a particular importance because it will add an important new contribution to the dynamic and rapidly evolving architecture of the Asia-Pacific economic cooperation through the involvement of our states in the processes of economic integration in the region,» the Foreign Ministry of Belarus told.

Belarus, Kazakhstan and Russia, as members of the Customs , initiated negotiations with a foreign partner to establish a free trade zone for the first time, which is an important step in the development of the Customs Union and its integration into international economic and trade relations, the Belarusian Foreign Ministry noted.

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