Recent statements about Turkey's willingness to establish a free trade zone with the Customs Union made experts think about the potential benefits and drawbacks of the deal for Kazakhstan.
Kyrgyzstan has decreased water supplies to Kazakhstan twofold, following a three month hold up by Kazakhstan’s customs authorities of the Russian petroleum products destined for Kyrgyzstan.
Kazakhstan has launched a pilot project to introduce prior notification of customs authorities about goods imported to the territory of the Customs Union by rail.
According to him, the draft agreement [on launching the Single Economic Space to replace the Customs Union] has no clauses covering a single currency. Kazakhstan retains its national currency, the tenge.
Despite the slowing growth rates of the global economy in 2013, the trio [Russia, Kazakhstan and Belarus] was able to slightly increase the trade turnover to $64.1 billion: President Vladimir Putin of Russia.
The ban has become widely known as a ‘ridiculous lace undies ban’, a ‘lacist’ policy and, the smartest version, a ‘non-tariff regulation’. But what is the policy really about? What exactly is banned from being imported to Kazakhstan?
Production, import and sales of lace undies has been prohibited by the Custom Union. Kazakhstan, along with Russia and Belarus, now has to obey the regulations concerning lace undies.