Belarus Council of Rep approves package of CES agreements

MINSK, December 22 (Itar-Tass) - Belarus' Council of the Republic, the upper house of parliament, has approved a package of draft laws for ratification of the agreements on the formation of a common economic space (CES) between Russia, Belarus and Kazakhstan.

The lower house of parliament ratified the package of documents, including 18 agreements, on Tuesday.

Most agreements envision measures to pursue a macroeconomic policy in the CES, and the free movement of goods, services, capital and the workforce. Among them are agreements on the coordinated macroeconomic policy, common principles and rules of competition and subsidies.

Minsk rivets much attention to the documents that remove barriers in oil supplies, gas and energy transportation.

Belarusian Vice-Prime Minister Andrei Kobyakov said, "Ratification instruments should notify that Belarus had ended the ratification process. Under the Russian-Belarusian agreements, after the ratification of CES documents oil and oil products supplies will be exempt from duty. This is important for Belarus."


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