Economy & Industry

Declaration on Strategic Economic Co-op of CIS member-states under discussion in Ashgabat Ashgabat, Turkmenistan, Sept. 13
By Huseyn Hasanov Trend:
The 83rd meeting of the CIS Economic Council is being held in Ashgabat, Turkmenistan, Trend reports referring to the CIS Executive Committee.
In particular, the draft declaration on strategic economic cooperation of the CIS member-states is planned to be coordinated.
Moreover, the draft concept of cooperation among the CIS member-states in the field of digital development of society will be widely discussed.
A number of documents of the CIS member-states are planned to be signed.
Among them are the Main Spheres of the Development of Radio Navigation for 2019-2024; the document on the implementation of the provisions of the Free Trade Zone Agreement; the document on preparation for carrying out population census in 2020; the document on the implementation of the program for the restoration of territories of countries affected by uranium mining; the document on the allocation of appropriations for the creation and development of a joint air defense system and others.
The CIS Economic Council was formed in April 1999. The main functions of the council are the development of proposals on the creation of a system of mutual settlements and payments for trade and other transactions; creation of legal, economic and organizational conditions for the transition to higher levels of economic cooperation based on the free movement of goods, services, workforce and capital; facilitation of the entry of the CIS member-states into the global economic system.
Turkmenistan presides over the CIS this year. While referring to the status of permanent neutrality of Turkmenistan, Ashgabat decided to participate in the CIS structure as an associate member in 2005.
Turkmenistan withdrew from the agreement on a visa-free regime with the CIS countries in 1999.
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