The Common Free Market Zone of Belarus, Kazakhstan, Russia and Ukraine: Problems and Prospects

Abstract

The article describes the main aims, objectives, principles and tendencies of formation of the Common Free Market Zone of Belarus, Kazakhstan, Russia and Ukraine. The detailed analysis of economic prerequisites of the said zone creation including the possibilities of the removal of existing barriers between states for the movement of goods and services that interfere with the creation of a viable free trade zone without any exemptions or restrictions is presented. The approaches of the states-participants to the coordination of their talks positions concerning the WTO accession are analyzed. The aspects of formation of the Common Free Market Zone taking into account geopolitical orientation and objectives of the states-participants are considered.