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The agreement on a Free Trade Area was signed in 2002. In 2017, additional agreements on a [[free-trade area]] were announced, but as of 2022 reportedly the FTA has not been ratified and has not entered into force.<ref>{{cite web | url=https://www.geopoliticalmonitor.com/guam-2-0-can-free-trade-revive-the-forgotten-regional-bloc/ | title=GUAM 2.0: Can Free Trade Revive the Forgotten Regional Bloc? | date=3 October 2022 }}</ref> The WTO was notified only in 2017 and the Agreement is designated as "Plurilateral" and "In Force". According to the WTO database, the GUAM FTA agreement was signed in 2002 and entered into force in 2003.<ref>{{cite web | url=https://rtais.wto.org/UI/PublicShowMemberRTAIDCard.aspx?rtaid=620 | title=WTO | Regional trade agreements }}</ref> [[International Trade Centre]] says there is no free trade area in operation with distinct rules from an [[Commonwealth of Independent States Agreement on the Establishment of a Free Trade Area (1994)|Agreement on Creation of CIS Free Trade Area]], was signed on 15 April 1994 by 12 CIS countries.<ref>{{cite web | url=https://www.macmap.org/en/resources/cis | title=Market Access Map }}</ref>
The database of agreements of the International Trade Centre does not indicate that a GUAM FTA agreement has been concluded, but it does indicate that the 1994 Agreement on CIS FTA is in force for Georgia, Ukraine, Azerbaijan and Moldova.<ref>{{cite web | url=https://www.macmap.org/en/query/trade-agreement?reporter=268&relation=I&partner=all | title=Market Access Map }}</ref><ref>{{cite web | url=https://www.macmap.org/en/query/trade-agreement?reporter=804&relation=I&partner=all | title=Market Access Map }}</ref><ref>{{cite web | url=https://www.macmap.org/en/query/trade-agreement?reporter=031&relation=I&partner=all | title=Market Access Map }}</ref><ref>{{cite web | url=https://www.macmap.org/en/query/trade-agreement?reporter=498&relation=I&partner=all | title=Market Access Map }}</ref> and the 1999 Agreement on CIS FTA version is listed as the current text of the FTA agreement.<ref>{{Cite web |title=
The official negotiating language of GUAM was Russian, but it was scrapped in favor of English in 2014.
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* {{cite web |url=http://today.az/news/politics/26721.html |title=Ukraine suggests setting up GUAM peacekeeping unit |date=31 May 2006 |work=Today.az |access-date=18 April 2007 }}
* {{cite web |url=http://www.mfa.gov.az/eng/international/organizations/guam.shtml |title=Azerbaijan-GUAM |work=Ministry of Foreign Affairs of Azerbaijan |access-date=18 April 2007 |archive-url=https://web.archive.org/web/20070416093857/http://www.mfa.gov.az/eng/international/organizations/guam.shtml <!--Bot retrieved archive--> |archive-date=16 April 2007 }}
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