The President of Kazakhstan Nursultan Nazarbayev and Almazbek Atambayev, President of Kyrgyzstan, have opened the customs border between the two countries.
Media reports suggest that Kazakhstan may resort to restricting Russian imports due to the pressure its domestic market from the significantly cheaper products offered by its Northern neighbour.
Kazakhstani enterprises find themselves under increasing pressure with cheap products being imported from Russia. Some are calling for customs duties on the border between the Kazakhstan and Russia to be reintroduced.
According to him, The legislation framework of the Customs Union enables its member states to take concerted actions in response to economic pressure exerted on any of the member states by a third party.
The agreement is to be signed at the sitting of the Supreme Eurasian Economic Union with Kyrgyzstan President Almazbek Atambayev among those in attendance.
EU Commissioner for Enlargement and European Neighbourhood Policy suggested in Ukraine expanding cooperation with the Customs Union of Russia, Kazakhstan and Belarus.
Kazakhstan is thinking of a number of investment projects involving the Iranian side in Kyzylorda oblast: plans are afoot to launch a glass making facility, a facility to produce alumina, and a leach plant in Karaganda oblast: President Nazarbayev.
Last week Kazakhstan's President Nursultan Nazarbayev made a statement on the country's right to leave the Eurasian Economic Union should the interests of the country be jeopardized.