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EEU to protect market as Ukraine-EU free trade zone comes into force

The countries of the Eurasian Economic Union will work out measures to protect the market after the start coming into force of the free trade zone between Ukraine and the EU, said December 21 Belarus President Alexander Lukashenko at a meeting of the Supreme Eurasian Economic Council. 

The Ukraine-EU agreement will become effective January 1, 2016.

The situation with regard to the free trade zone of the CIS is becoming serious.

Alexander Lukashenko, Belarus President:
We may face a situation when Ukrainian goods will be replaced by goods from the European Union in Ukraine and their products will rush into our territory. Or even more, we fear that EU goods, after getting into Ukraine at a zero duty (if we do not defend ourselves), will go to CIS countries in line with the CIS free trade zone. We made a decision: within the next six months the EEU switches fully to the electronic declaration of goods to be moved within the Eurasian Economic Union. We already have such an example: electronic declaration between Russia and Belarus. We can take this option or develop some new options. Within six months, we have agreed to work out these options.

EEU to protect market as Ukraine-EU free trade zone comes into force