Kazakhstan increases trade with EEU states
Baku, Azerbaijan, Oct. 16
By Rashid Shirinov – Trend:
Mutual trade between Kazakhstan and the Eurasian Economic Union (EEU) member states in January-August 2018 amounted to $12.255 million in monetary terms, Kazakh media reported referring to the Statistics Committee of Kazakh National Economy Ministry.
This is 8.4 percent more than in the same period of 2017.
In particular, Kazakhstan's exports to the EAEU countries in the reporting period amounted to $3.909 million (a 13.8 percent increase year-on-year), while the imports totaled $8.346 million (up by 6 percent).
The shares of the EAEU countries In Kazakhstan’s foreign trade turnover are as follows: Russia – 91.9 percent, Kyrgyzstan – 4.5 percent, Belarus – 3.5 percent, and Armenia – 0.1 percent.
The EAEU, comprised of the five countries, is an international organization created with the aim of encouraging regional economic integration through the free movement of goods, services and people within the union.
The bloc was established in 2015, after it superseded the Eurasian Economic Community that functioned from 2000 to 2014. The EAEU has an integrated single market of 183 million people and a gross domestic product of over $4 trillion.