29 Sep 2014 19:26

Nazarbayev urges Caspian states to form free trade zone

ASTANA. Sept 29 (Interfax) - Kazakh President Nursultan Nazarbayev has urged the other Caspian leaders to set up a Caspian free trade zone.

"Even before the legal status of the Caspian Sea has been negotiated, a foundation could be laid for economic cooperation. I propose discussing the idea of creating a Caspian free trade zone," he told the Caspian summit in Astrakhan on Monday.

Excerpts from Nazarbayev's speech were cited in a press release, circulated by the Kazakh presidential press service .

"This issue could be discussed by our governments in a priority procedure," Nazarbayev was quoted as saying.