Discussion :: World Geography - Section 1 (Q.No.78)
|Akshay Garad said: (Jan 16, 2019)|
|Commonwealth of Independent States (CIS) was created in December 1991. In the adopted Declaration the participants of the Commonwealth declared their interaction on the basis of sovereign equality.
At present the CIS unites: Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine.
In September 1993 the Heads of the CIS States signed an Agreement on the creation of Economic Union to form common economic space grounded on free movement of goods, services, labour force, capital; to elaborate coordinated monetary, tax, price, customs, external economic policy; to bring together methods of regulating economic activity and create favourable conditions for the development of direct production relations.
In order to facilitate further integration the Agreement on deepening of integration in economic and humanitarian field of four countries (Belarus, Kazakhstan, Kyrgyzstan, Russia) and Agreement on creation of Commonwealth of Sovereign Republics (Belarus and Russia) with creation of corresponding coordinating bodies were signed in 1995. In February 1999 by the decision of the Interstate Council of four countries (Belarus, Kazakhstan, Kyrgyzstan, Russia) the Republic of Tajikistan was recognized as participant of the customs union enjoying full rights.
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