Kazakh-Russian trade volume ups by 30 percent in 2011
Azerbaijan, Baku, March 12 /Trend E. Kosolapova/
Kazakh-Russian trade volume increased by 30.6 percent in January-December 2011 compared to the same period of 2011, the Russian Customs Service reported.
The trade volume between Kazakhstan and Russia hit $19.765 billion in 2011.
Meanwhile, Russian export to Kazakhstan made up $12.907 billion in this period (20.7 percent up compared to the results of 2010), Russian import reached $6.859 billion (52.2 percent increase compared to the index of 2010).
Russia and Kazakhstan are members of the Customs Union of Russia, Kazakhstan and Belarus operating since 2010. The Union aims at forming a single customs zone where no duties or economic restrictions are applied, except special protective, antidumping and compensatory measures. The Common Economic Space within the Customs Union started to operate from Jan.1, 2012.