CIS states' economic policy to focus on domestic market development and producers protection

The economic policy of the CIS member states in the coming years will focus on protecting the domestic markets, producers and consumers. The 2020 CIS Economic Development Strategy – the main document discussed at the CIS summit in Chisinau – was adopted and signed on Friday, November 14, Info-Prim Neo reports. The document was first considered in Bishkek by the CIS presidents in October, 2008. The key priorities of the document are: ending the process of formation a free trade area within the CIS; creating preconditions to create a joint economic space; developing a common market for some products (agricultural mainly); cooperating in transportation and creating international transport corridors, etc. The Strategy will unfold in three stages. The first will end in 2011. Till then, the states will stet up the social-economic development on the basis of setting up a free trade zone and adjusting it to the World Trade Organization standards. From 2012 to 2015, they will work on forming the inter-state innovational space. The last stage -- 2016-2020 – will focus on forming the regional market of nano- and picoindustry.