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Jan-Feb Kazakhstan’s exports to Customs Union states 57% up

13 april 2011, 12:23
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Kazakhstan exports to the Customs Union member states in January – February 2011 grew by 57% as compared to the like period of 2010.

Kazakhstan’s exports to the Customs Union member states for the period totaled $ 1.24 billion, 57% up against the same period of 2010. Imports for the period totaled $ 1, 65 billion, 31.7 % up, Novosti Kazakhstan reports.

The Customs Union between Russia, Kazakhstan and Belarus came into existence on January 1, 2010 to boost trade and investment. According to the statement made at the press-conference in Minsk mid-March 2011, the Customs Union was formed on the WTO principles.

March 18, 2011 when visiting Moscow Nursultan Nazarbayev cited some indicators: for the first year of the Customs Union Kazakhstan’s imports from Russia grew by 30% making up 11.8 billion roubles, Kazakhstan’s exports to Russia grew by 30 % to reach 5 billion roubles.

“It’s an obvious benefit… From July 1 we are removing the customs barriers between Russia and Kazakhstan: it’s a total of 7.5 thousand km”, Nursultan Nazarbayev said.

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