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Post-Soviet Free Trade

Ever since the Soviet Union collapsed, the independent states that emerged from the wreckage have tried to sort out their trade relations. But the flow of goods between countries continues to contract even more than it should. What is needed is free trade.

The twelve members of the Commonwealth of Independent States (CIS) concluded an Agreement on a Free Trade Zone in 1994, but it does not work. Whenever one member is successful in exporting to another, the importing member soon imposes quotas or prohibitive tariffs, impeding economic development.