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The program of common social and economic zone creation between Russia and Abkhazia on the basis of RA and RF legislation harmonization is approved

Tuesday, 24 November 2020 13:58 463

Sukhum. November 23, 2020. Apsnypress. Following the meeting of Presidents of Abkhazia and Russia A.G. Bzhania and V.V. Putin, held on November 12, 2020, there was approved a program for formation of a common social and economic space between the Russian Federation and the Republic of Abkhazia on the basis of harmonization of RA and RF legislation. 

The document is a logical continuation of the "Agreement between the Republic of Abkhazia and the Russian Federation on Alliance and Strategic Partnership" dated November 24, 2014. 

The objectives of the program are aimed at creating favorable conditions for the full participation of the Republic of Abkhazia in integration processes carried out on the initiative and assistance of the Russian Federation. 

The time frame for the measures implementation is 2-3 years. During this period, it is planned to harmonize legislation in many areas: economy and finance (budget and tax policies, foreign economic and banking activities, investment protection), customs law, energy, social sphere (medicine, education, social protection). Thereby to strengthen the statehood of the Republic of Abkhazia, to increase the welfare and level of social protection of its citizens.