Former Soviet Republics Sign Cooperation Accords

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Last updated at: (Beijing Time) Monday, July 22, 2002

Former Soviet Republics Sign Cooperation Accords

The leaders of four former Soviet republics vowed on Saturday to create a free trade zone and fight terrorism and organized crime.

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The leaders of four former Soviet republics vowed on Saturday to create a free trade zone and fight terrorism and organized crime.

Presidents of Ukraine, Moldova, Georgia and Azerbaijan signed apackage of agreements on cooperation at the GUUAM summit in the Black Sea resort of Yalta.

The four republics plus Uzbekistan make up a regional group known by its initials as GUUAM. Uzbekistan, which has suspended active participation in the group, was represented by its ambassador to Ukraine.

"I am sure without a free trade zone there is no way of developing our economies," Ukrainian President Leonid Kuchma told a press conference.

The presidents said they would also "develop and strengthen security measures and boost the effectiveness of the Europe-Asia transport corridor."

Observers from the United Nations, the European Union, Russia, the United States, Bulgaria, Greece, Poland, Romania and Slovenia attended the summit.

GUUAM, formed in 1997, was designed to strengthen economic tiesbetween the former Soviet republics.

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