The Russian government approved the draft agreement on trade and economic cooperation of the Caspian countries, initiated by Turkmenistan

Russian Prime Minister Dmitry Medvedev signed a decree on the approval by the Russian government of the draft Agreement between the governments of the Caspian States on trade and economic cooperation, INTERFAX reported with reference to the Cabinet website.

The report notes that the purpose of the Agreement is the formation of the international legal framework of trade and economic relations on the basis of equality and mutual benefit in the fields of industry, agriculture, trade, tourism and other sectors of the economies of the parties of mutual interest.

"It is provided that the parties, in accordance with national legislation, would facilitate the efficient use of economic resources, implementation of joint investment projects and programs, exchange of experience on issues of creation and development of special, special, free economic zones, the cooperation in the field of digital economy, development of cooperation between regions and cities of States parties", - stated in the message.

The initiative to develop an intergovernmental agreement on trade and economic cooperation by the countries of the Caspian five was put forward by Turkmenistan during the Fourth Caspian summit, which was held in Astrakhan on September 29, 2014. The initiative was supported by Russian President Vladimir Putin and other participants of the summit, the Russian government tells.

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