Today, our countries are affected by a number of negative external factors - when going into this room, we were talking with some colleagues, including the President of Azerbaijan - a drop in the prices of some of our main export products, the uncertainty in the global economy, the rise of political tension in many regions.
It was declared by Russian President Vladimir Putin at a meeting of the Council of Heads of CIS countries.
A speech of the President of Russia is posted on the Kremlin website.
According to Putin, all these factors lead to a slowdown in economic activity in the region.
"The combined GDP of the CIS countries in the first half of 2015 declined, as well as investments in fixed assets. The trade turnover between our countries also declined. In this situation, we must consider a range of measures to reduce the dependence of national economies on foreign markets and to think about the revival of business relations within the Commonwealth itself.
Here, first of all, I mean the agreement on free trade zone in the CIS, signed in 2011. It is necessary to fully realize its potential and to simplify the conditions for the movement of trade and investment flows. We need to shift more actively to national currencies in mutual settlements," Putin said.
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