5160
Russia, Belarus Customs Union Vital to Kazakhs
World Economy

Russia, Belarus Customs Union Vital to Kazakhs

Unobstructed movement of goods is of major importance for landlocked Kazakhstan, which together with Belarus, has a free trade deal with Russia as part of the Customs Union between the three states, Kazakh President Nursultan Nazarbayev said on Thursday.
“An economic union of Kazakhstan, Russia and Belarus will start operating next year. Our aim is purely pragmatic since Russia is our main partner and we share a common border of more than 7,500 kilometers,” Itar Tass quoted Nazarbayev as saying.
The president stressed that Kazakhstan, located in the very heart of the Eurasian continent, has no access to the sea.  “That is why the Customs Union, which removes customs barriers and allows our cargoes to easily reach external markets, is very important for us,” he said.
The Eurasian Economic Union, which envisages free movement of goods, services, capital and workforce and is based on the Customs Union of Russia, Belarus and Kazakhstan, will become operational from January 1 next year.
A treaty to create the union was signed by the presidents of Russia, Kazakhstan and Belarus, Vladimir Putin, Nursultan Nazarbayev and Alexander Lukashenko, in Kazakhstan’s capital, Astana, in May.

 

Short URL : http://goo.gl/ZIVW1k

You can also read ...

Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Trending

Googleplus