Belarus for Free Trade with Eurasian Union

Trade & Policy

Belarus for Free Trade with Eurasian Union

Belarus advocated an entire annulment of the restrictions in the commerce inside the Eurasian Economic Union (EEU) and the cooperation with other regions, according to a report of the chancellery. The document, which gathers the milestones of the foreign policy in 2015, emphasizes the contribution of Belarus to the process of consolidation of the UEE, a mechanism of regional integration integrated also by Armenia, Kazakhstan, Kirguistán and Russia.

The free trade area came into force on the first of January, 2015 between Belorussia, Kazakhstan and Russia; then they joined Armenia, to a few weeks, and Kirguistán in May, under the rotary presidency belarusa. According to Minsk, despite the results in the short life of the commercial mechanism, "we do not manage to advance in the field of the entire annulment of the restrictions in the mutual commerce".

For February the beginning of the work of the Eurasian Economic Commission, which agenda will have to be faced towards this target, points out the annual report of the foreign policy of Belorussia in 2015. The quintet advanced in the last 12 months in the design of a sheet route for the industrial cooperation and in the conception of a common market of electric power.The involved countries announced also the ambitious project to constitute in the space a pharmaceutical market.

The mechanism supposes also the coordinations between the Central banks and the departments of Economy and Finance concerning the macroeconomic politics. At the moment the borders of the international cooperation to instances of the UEE were extended by means of an agreement of free trade with Vietnam and negotiations in the same sense with China and Israel.

There was announced the intention of passing to specify a similar agreement with the Common market of the South, which agglutinates Argentina, Brazil, Uruguay, Paraguay and Venezuela. A group of experts of the quintet evaluates the relevancy of the project of complementación between the UEE and the Economic Belt the Route of the Silk, promoted by China, said the agency Belta