Statement of heads of states of the Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan and Republic of Uzbekistan

Heads of states of the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Tajikistan and the Republic of Uzbekistan - the State Parties of the Central Asian Economic Community (CAEC) - following the results of the meeting which took place on June 24, 1999 in Bishkek, took place in the spirit of mutual understanding and trust

having exchanged opinions on condition and perspectives of multilateral cooperation, note the following.

Now each of the countries, and in general the region, endures the difficult problems, difficult stage of the development caused by impact of financial crises in Southeast Asia and in the world market.

In this regard need of acceleration of the processes connected with economic cooperation of the countries in the region, implementation of projects capable to recover economies of the states of TsAES, effective use of reserves of real economy and the maximum employment of people, expansion of operation of hydro-electric resources and transport and communication networks increases.

Adjustment of economic, scientific and technical and investment cooperation for the purpose of creation in the long term of common economic space was the TsAES focus of attention lately, major steps were taken for providing conditions for free trade in the region, free movement of goods and the capital, improvement of ecological situation.

At the same time, there are some more problems requiring the immediate solution within multilateral cooperation. It, in particular, is shown in creation of equal conditions for the managing structures in the mutual markets of the countries of the region, in the field of customs regulation of bilateral and multilateral trade and economic cooperation.

In this context it is vital to start practical steps on creation of the free trade area which will act as the efficient mechanism of step-by-step forming of common economic space. In this plan as first-priority steps it is necessary:

First, creation of conditions for effective multilateral trade and economic cooperation by preliminary approval of measures of regulation of the bilateral and multilateral relations, especially in spheres:

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