CIS Economic Union

CIS Economic Union in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of CIS Economic Union: A prospective customs union among most members of the Commonwealth of Independent States, intended to restore economic ties that were broken following the demise of the Soviet Union in 1991. Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, and Uzbekistan signed a framework accord in September 1993, pledging to establish a customs union and to coordinate monetary and credit policies. Turkmenistan and Ukraine, which did not sign the accord, declared their intention to become “associated members” of the union. Uniform regulations on cross-border shipment of private goods are under negotiation.