Moldova withdraws from CIS Economic Court

Moldova’s parliament has approved a decision on the country’s withdrawal from the Economic Court of the CIS.

The Economic Court of the CIS does not play a decisive role in resolving legal disputes of the republic on the CIS space, Deputy Justice Minister Oleg Efrim said on Wednesday.

Since 1994, when this organization started its operation, only 65 cases have been considered, of them only three were related to Moldova, he said.

At the same time, Moldova’s annual contribution to the organization comprised around 40,000 U.S. dollars.

Since its establishment the Economic Court of the CIS included eight countries. In 2006 Armenia withdrew from the organization.