Ambassador: Customs Union brings relations between Kazakhstan and Russia to new level

Business Materials 24 October 2012 16:04 (UTC +04:00)

Kazakhstan, Astana, Oct. 24 / Trend D. Mukhtarov /

The Customs Union and the Common Economic Space have brought the ties between Kazakhstan and Russia to a new level, Russian Ambassador to Kazakhstan Mikhail Bocharnikov told Trend on Wednesday.

"Mutual trade of three countries (Kazakhstan, Russia and Belarus) has doubled for one year of the Customs Union's activity," Bocharnikov said.

He added that the trade turnover between Russia and Kazakhstan amounted to $ 24 billion in 2011 and exceeded $15 billion for the first eight months of this year.

"Today, around 76 Russian regions support foreign economic contacts with Kazakhstan," he added. "Russia's share in Kazakhstan's total turnover is 20 percent."

He recalled that Russia, Kazakhstan and Belarus have been working within the Common Economic Space since 2012, involving more integration and the creation of a supranational executive body - the Eurasian Economic Commission. It must ensure conducting the uniform and consistent trade and economic policy, not only in relation to each other but the third countries.

"The Russian, Kazakh and Belarus presidents set the task to be ready for the formation of the Eurasian Economic Union in 2015, which must bring together our peoples," he said.

Diplomatic relations between Russia and Kazakhstan were established on October 22, 1992.