Agreement_on_the_creation_the_Commonwealth_of_Independent_States

⭐ In the context of the Commonwealth of Independent States Free Trade Area, the Agreement on the creation the Commonwealth of Independent States initially prioritized which overarching economic goal?

Article 7 of the Agreement on the creation of the Commonwealth of Independent States explicitly stated the goal of establishing a Common Economic Space through joint activities coordinated by common institutions, encompassing areas like economic development and customs policy.

⭐ Core Definition: Agreement on the creation the Commonwealth of Independent States

The Agreement on the creation of the Commonwealth of Independent States (officially), or unofficially the Minsk Agreement and best known as the Belovezha Accords, is the agreement declaring that the Soviet Union (USSR) had effectively ceased to exist and establishing the Commonwealth of Independent States (CIS) in its place as an organization created by the same Union Republics. The documentation was signed at the state dacha near Viskuli in Belovezhskaya Pushcha, Belarus on 8 December 1991, by leaders of three of the four republics (except for the defunct Transcaucasian SFSR) which had signed the 1922 Treaty on the Creation of the USSR:

Belarusian Parliament chairman Stanislav Shushkevich and Prime Minister of Belarus Vyacheslav Kebich
Russian president Boris Yeltsin and First Deputy Prime Minister of the RSFSR/Russian Federation Gennady Burbulis
Ukrainian president Leonid Kravchuk and Ukrainian prime minister Vitold Fokin

As Shushkevich said in 2006, by December "the union had already been broken up by the putschists" who in August 1991 tried to remove Mikhail Gorbachev from power to prevent the transformation of the Soviet Union into what Shushkevich described as "a confederation". The three wanted to avoid what happened in the breakup of Yugoslavia and "there was no other way out of the situation than a divorce."

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👉 Agreement on the creation the Commonwealth of Independent States in the context of Commonwealth of Independent States Free Trade Area

The Common Economic Space is the goal and the result of the process of economic integration of post-Soviet states envisaged by Article 7 of the Agreement on the creation the Commonwealth of Independent States signed on 8 December 1991. According to Article 7, the High Contracting Parties indicate that through common coordinating institutions, their joint activities will consist in coordinating foreign policy activities, cooperation in the formation and development of a common economic space, common European and Eurasian markets, in the field of customs policy, in the development of transport and communication systems, cooperation in the field of environmental protection, migration policy and the fight against organized crime.

The former Soviet republics that became independent states were part of the economy of the Soviet Union with its common technical standards, common infrastructure, territorial proximity, chains of cooperation, and common legal heritage. Through the signing of international agreements on trade, economic cooperation and integration, countries can achieve an increase in the efficiency of their economies, which suffered due to the disintegration of the Soviet Union. At the same time, all post-Soviet countries have moved to a market economy, implemented reforms and expanded trade and cooperation with the global economy. Over the past three decades, several negotiations have taken place and not all proposed integration projects have been successful.

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