CIS to Examine New Directions of Economic Cooperation
Azerbaijan, Baku, 6 November / Trend / New directions in economy of the Commonwealth of Independent States (CIS) member-countries will be discussed in Kishinev on 14 November during a meeting of heads of the Commonwealth governments.
Main issues to be discussed includes opening of general markets for goods of every member of the CIS and formation of free trade space inside the Commonwealth with norms of the World Trade Organization, the CIS Executive Committee told Trend on 6 November.
The meeting will focus on policy of protection of domestic goods from rivals, intensified interaction in the currency sector, development of private sector and its protection.
Heads of governments will examine a document on interaction in development of the international motor transport service market, which will enable integrate activity in the field of motor transport.
This meeting will enable to project new economic policy of the CIS members by 2020, the Executive Committee said.
The Commonwealth of Independent States (CIS) occupies 16.4% of the world territory, where about 4.4% of the world people live. About 20% of the world oil reserves, 40% of natural gas, 25% of coal, 10% of power production, 25% of the world forest reserves, about 11% of the world renewed water reserves, as well as 13% of arable land fall on the CIS.
In 2007 growth rate of main macroeconomic figures in the CIS countries exceeded level of 2006. Averagly, production of the GDP rose by 9%, industrial production - by 7%, investment in basic capital - by 20%, cargo transportation - by5% and retail goods turnover - by 16%.
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