Kazakhstan ups export to Customs Union countries
Azerbaijan, Baku, Nov 14 /Trend E. Kosolapova/
Kazakhstan's exports to the countries of the Customs Union rose by 53.3 percent in January-September 2011 compared to the same period of 2010, the Novosti-Kazakhstan reported referring to the Kazakh Statistics Agency.
"The country's exports to the countries of the Customs Union jumped by 53.3 percent compared to January-September 2010 up to $ 5.720.2 billion, import rose by 43.0 percent up to $12.086.1 billion," the report reads.
The documents on the establishment of the Customs Union were signed in Minsk on Nov.27, 2009. It has been operating since Jan.1, 2010. The Customs Union is the union of neighboring states. A single economic space was created under it to develop free trade, as well as to set higher tariffs on the external borders of the association. It includes Russia, Belarus and Kazakhstan.
The agreed forms of state control have been moved to external borders of the Customs Union. A common system of customs rules and regulations has been introduced. As a result, mutual turnover within the Customs Union increased by nearly 40 percent in the first half of 2011.
Generally, Kazakhstan's foreign trade turnover in January-September 2011 increased by 41.3 percent compared to the same period of 2010 and amounted to $ 91.9 billion, including export of $65.8 billion (49.9 percent increase) and import of $26.1 billion (23.5 percent increase).