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CIS Heads of Government Council signs 12 cooperation documents in Minsk

MINSK, 31 May (BelTA) – Twelve international cooperation documents have been adopted at a session of the CIS Heads of Government Council in Minsk on 31 May, Prime Minister of Belarus Mikhail Myasnikovich told a press conference following the session, BelTA has learnt.

One of the documents was a protocol on Uzbekistan’s accession to the CIS free trade zone agreement. Thus, nine CIS member states have signed the agreement so far. Uzbekistan’s accession to the agreement demonstrates the efficiency of the free trade zone that offers barrier-free movement of capital, goods and services, fair competition, and new forms of investment cooperation, Mikhail Myasnikovich said.

The parties also signed cooperation documents in science, education, environmental protection, communications, physical education and sport. A deed of partnership in peaceful uses of nuclear energy was also concluded. This matter is just as relevant for Belarus as for the other CIS member states.

The participants of the session passed 11 pilot projects of the CIS international innovative development program. Belarusian scientists, companies and educational establishments are involved in nine of these projects. The projects are estimated at a total of over $190 million. “These are pilot projects that will result in new companies of high technological waves. This is what creates the knowledge economy,” the Premier underlined. He also deems it necessary to create a CIS venture fund that could finance at least front end engineering design works.

Integration processes in the CIS generate an appreciable positive effect, which prompts economic growth and improves living standards of people living in this CIS member states. “The model of multilevel and varying-speed integration that is implemented in the CIS has passed the test of time. It gave birth to more advanced integration forms – the Customs Union and the Single Economic Space,” Mikhail Myasnikovich said.

He reminded that at the Astana session this week the leaders of Belarus, Russia and Kazakhstan made a decision to launch the Eurasian Economic Union on 1 January 2015. “This project will give a new impetus to integration processes in the Commonwealth and will advance the partnership and integration to a brand new level in the best interests of our states,” Mikhail Myasnikovich said. The government of Belarus has already studied approaches to transition to trade and economic relations without exemptions and limitations. “It is quite a challenge, because each of the parties seeks to protect its market, however these parochial interests should give way to the formation of the common market without exemptions and limitations,” the Premier concluded.