About past, present and future of Ukraine

Main Business — Government supports bills on termination of CIS international agreements

Business

Government supports bills on termination of CIS international agreements

04 May, 2022
217
Government supports bills on termination of CIS international agreements

Share this article


The government supported two bills terminating some international agreements within the CIS for Ukraine. At present the CIS unites: Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine.

This is a withdrawal from the Agreement on the Support and Development of Small Business in the CIS member states, concluded in 1997 and has lost its relevance.

Ukraine also proceeds from the Convention on Transnational Corporations, which aimed at industrial cooperation between enterprises of the CIS member states. At present, it does not correspond to the current state of international trade and economic relations and the current European integration policy of our country.

After adopting the relevant legislative acts by the parliament, these agreements will cease to be valid for our state.

In addition, the Cabinet of Ministers adopted a resolution withdrawing from the 1992 Agreement on a Coordinated Policy in the Field of Standardization, Metrology, and Certification. Ukraine will no longer be represented in the Interstate Council for Standardization, an intergovernmental body of the CIS.

These decisions will not negatively impact the Ukrainian economy but will allow Ukraine to get rid of the burden that hinders integration into the European Union.

In the context of a full-scale war with Russia, even purely formal agreements on integration within the CIS must be finally terminated.


The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...