Kyrgyzstan expects preferences from its Customs Union membership
Azerbaijan, Baku, Nov. 23 / Trend /
Bishkek decided to start the process of joining the Customs Union (CU) and it hopes to get support and preferences from the CU's member states, Kyrgyz First Deputy Prime Minister Omurbek Babanov said at the roundtable discussion on Wednesday, CA-News reported.
Kyrgyzstan's turnover with the three CU countries - Russia, Belarus and Kazakhstan - constitutes 44 percent of the overall volume.
Babanov said the country needs to increase exports to the CU member-states.
After entering the union Kyrgyzstan will enjoy duty-free export of goods and implement several hydropower projects, he said.
Babanov emphasized the possibility of duty-free energy import and export.
The agreement on establishing the CU, which provides Russia, Belarus and Kazakhstan with a common customs space, entered into force in July 2010.
Edited by V. Zhavoronkova