Kazakhstan’s trade turnover with Russia and Belarus exceeds $ 24 bln as of 2013

Photo: Kazakhstan’s trade turnover with Russia and Belarus exceeds $ 24 bln as of 2013 / Business News

Astana, Kazakhstan, April 29

By Daniyar Mukhtarov - Trend:

As of 2013, Kazakhstan's trade turnover with Russia and Belarus exceeded $ 24 billion, First Deputy Minister of Regional Development Kairbek Uskenbaev said at a press conference in Astana on April 29.

"The cooperation of the three countries - participants of the association intensified as part of the Common Economic Space," he said. "So, as of 2013, Kazakhstan's trade turnover with Russia and Belarus exceeded $ 24 billion."

He stressed that the huge market of the Eurasian Economic Union opens great opportunities for Kazakh producers.

"The goods with a label "Made in Kazakhstan" today must be focused not only to the domestic market, but beyond," he said.

Kazakhstan's exports increased 7 percent in 2011, and more than twice in 2013, according to the information. A positive trend is observed in the export of Kazakh agricultural products.

"Meat exports to Russia have recently increased by more than five times, flour - 16 times, skins - by 75 percent," he said. "In general, the export of products of the Kazakh agro-industrial complex to the markets of the Customs Union countries has reached $1 billion for the past three years."

"The cross-border trade volumes between Kazakhstan and Russia - by more than 40 percent are rapidly growing in terms of the integration," he said.

"We border with such large Russian cities like Omsk and Novosibirsk, where our food is in demand," he said. "And then it is cheaper to supply them from here than from central Russia."

He reiterated that the Customs Union greatly expanded the boundaries of a sales market for Kazakh producers. Kazakhstan's exports to Russia increased by 60 percent in 2011, while more than twice to Belarus.

Translated by NH
Edited by CN

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