Belarus, Russia, Kazakhstan to hold consultations on global economy

March 16. BelTA. MINSK

Belarus, Russia, Kazakhstan to hold consultations on global economyAt the level of governments Belarus, Russia and Kazakhstan plan to hold consultations to discuss the state of the global economy and its influence on national economies, Prime Minister of Kazakhstan Karim Masimov told a press conference in Minsk on 16 March.

“Today we have reached an agreement that we will hold consultations at the level of governments of the three countries to discuss the financial and economic situation in the world, the influence of the processes triggered by the earthquake in Japan, events in Northern Africa and Middle East,” he said.

The Kazakh head of government added that Customs Union member states will coordinate their macroeconomic policy within the framework of the Single Economic Space. By uniting efforts, the Customs Union member states will be able to effectively counteract external threats in the future.

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Kazakh PM calls Customs Union operational

March 16. BelTA. MINSK

The Customs Union is at large operational, it boasts a trade surplus, Prime Minister of Kazakhstan Karim Masimov told a press conference following the sessions of the Union State Council of Ministers and the EurAsEC Interstate Council on 15 March, BelTA has learnt.

Karim Masimov praised the work to operate the Customs Union and form the Single Economic Space (SES).

The Kazakh head of government pointed to the excellent organization of the session of the EurAsEC Interstate Council. “The participants discussed a series of very important issues related to the operation of the Customs Union and the SES,” Karim Masimov underlined.

In his words, crucial decisions were made to iron out some issues related to the relocation of the customs border to the external border of the Customs Union.

Karim Masimov emphasized that the parties reached an agreement over a sensitive issue of the accession to the WTO. “There are no obstacles for our advance,” the Kazakh head of government is convinced.

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Customs ‘Troika’ needs consolidation in macroeconomic policy

March 16. BelTA. MINSK

Belarus, Russia and Kazakhstan need more consolidation in conducting the macroeconomic policy, Prime Minister of Kazakhstan Karim Masimov said in a session of the EurAsEC Interstate Council (Customs Union supreme body) in Minsk on 15 March.

“Today’s economic situation in the world, the consequences that will no doubt affect the global economy in the wake of the tragic events in Japan, North Africa and Middle East will demand greater consolidation in pursuing the macroeconomic policy and further advancement of the national economies,” the Kazakhstan Premier stressed.

Karim Masimov added that in 2009-2010 the preparation of the documents for the Customs Union and the Single Economic Space was in full swing. “I believe that the agreements we have reached during the first year of the Customs Union operation demonstrates the efficiency of this integration association,” he said. The trade between the Customs Union member states has been steadily increasing. According to Karim Masimov, the potential the Customs Union and the Single Economic Space have allows responding adequately to any challenges of the present time.

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Belarus-Kazakhstan trade should reach $1 billion, Kazakhstan PM says

March 15. BelTA. MINSK

Belarus and Kazakhstan should reach $1 billion in mutual trade, Prime Minister of Kazakhstan Karim Masimov said as he met with his Belarusian counterpart Mikhail Myasnikovich in Minsk on 15 March.

According to the Kazakhstan Premier, the implementation of joint projects, development of joint manufactures will form a sound basis for a steady growth of the two economies.

The Kazakhstan PM believes that the potential for stepping up trade both within the bilateral relations and in the Customs Union and the future Single Economic Space is huge. “Belarus is an industrial country with a well-developed agro-industrial complex. Kazakhstan has potential for developing its commodities-based industry and setting up joint companies,” Karim Masimov stressed.

The Prime Minister of Kazakhstan praised the current bilateral relations. He expressed confidence that two and three-lateral meetings scheduled for today would help coordinate positions. In his words, within the bilateral relations with Belarus and within the Single Economic Space the sides have an opportunity to coordinate their macroeconomic policies in order to be able to respond to any challenges of present time.

Kazakhstan ranks third in Belarus’ foreign trade with the CIS behind Russia and Ukraine. Last year the two counties posted good figures in mutual trade. Bilateral trade reached $867 million, up 2.2 times from 2009.

Belarus’ export to Kazakhstan soared 1.5 times to $463.5 million. Belarus’ main exports are agricultural, automobile and other transport vehicles, products of agricultural processing, tyres, consumer goods.

Last year Belarus imported $403.7 million worth of Kazakh goods. The import from Kazakhstan grew 5.4 times due to the supplies of Kazakh oil products to the Belarusian oil refineries since May 2010. Belarus imported gas-oil and fuel oil worth $313 million (78% of the total import). Belarus posted trade surplus of $59.8 million.

Taking into account the trade in services ($143.2 million), mutual trade with Kazakhstan exceeded $1 billion. The export of services made up $132.8 million, up 2.5 times, import – $10.4 million, a 2.2-time increase.

In 2010 Kazakhstan invested $365,000 in the Belarusian economy.

In January 2011 the trade between Belarus and Kazakhstan stood at $41 million, up 1.6 times over 2010. The Belarusian export made up $26.9 million (up 32.5%), import – $14.1 million (3.1 times).

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Customs Union Commission to agree on TIR Carnet application

March 15. BelTA. MINSK

The Customs Union Commission will work out a joint position on the application of the TIR Carnet within the Customs Union, Kozy-Korpesh Karbuzov, Chairman of the Customs Control Committee of the Finance Ministry of Kazakhstan, told reporters on 15 March, BelTA has learned.

“The three countries have their own approaches towards this issue. The Customs Union Commission was instructed to work out a unified position on TIR Carnets,” Kozy-Korpesh Karbuzov noted.

According to the State Customs Committee of Belarus, Kazakhstan insists that TIR Carnet should be applied for inland transportation of foreign goods through the Customs Union territory. The inland transportation means that the transportation of foreign goods starts and ends within the Customs Union territory without crossing borders of other countries. In this case the departure and destination points are Belarus, Russia or Kazakhstan.

Belarus and Russia oppose this initiative and insist that the inland transportation requires customs transit procedure and the Customs Union warranty system similar to that operating in the European Union. “We believe that there is no need to apply TIR Carnets within the Customs Union, they should be used beyond the Customs Union territory or for the transit of goods via the Customs Union,” Chairman of the State Customs Committee of Belarus Alexander Shpilevsky clarified the Belarusian position on the issue.

According to the Belarusian party, the inland transportation of foreign goods under cover of TIR Carnet is inadmissible, with the exception of cases when the transported goods cross borders of other countries. For instance, when the goods are transported from the Customs Union territory to Kaliningrad Oblast via Lithuania.

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Belarus and Kazakhstan can expand trade in SES

March 15. BelTA. MINSK

In a meeting with Prime Minister of Kazakhstan Karim Masimov on 15 March, Belarus President Alexander Lukashenko stated that he is confident that Belarus and Kazakhstan will be able to considerably increase trade within the Single Economic Space, BelTA has learnt.

“We have a lot of areas of mutual interest. We are implementing more than 30 joint projects as part of Kazakhstan’s roadmap of industrialization,” Alexander Lukashenko stressed.

In his words, the Government suggests new projects. “We are ready to work even more closely with Kazakhstan. Experience gained during our work in the Republic of Kazakhstan shows that this is the best country where we can implement our agreements,” Alexander Lukashenko said.

According to the President, last year Belarus and Kazakhstan reached almost $1 billion in mutual trade. “I think this figure will become much higher within the Single Economic Space,” Alexander Lukashenko said.

The Belarusian leader noted that “Belarus has met its obligations, fully and in time, and there will be no problems with our country.”

In connection with the upcoming presidential elections in Kazakhstan, Alexander Lukashenko said that the country is going through a complicated political period. he expressed hope that the election campaign will take place in a calm environment. The Belarusian President expressed confidence that Kazakhstan will surprise the entire world with its pace of development. This is evidenced by the results of social and economic development the country showed last year and early this year.

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Kazakhstan eager to step up manufacturing cooperation with Belarus

March 15. BelTA. MINSK

Kazakhstan is interested in stepping up manufacturing cooperation with Belarus, said Kazakhstan Prime Minister Karim Masimov as he met with President of Belarus Alexander Lukashenko on 15 March.

At the beginning of the meeting the Kazakh head of government said that Alexander Lukashenko’s victory at the presidential election was the logical outcome of the domestic policy and a proof that people trust concrete deeds and successes. “I’ve visited Belarus many times and can say that despite the global crisis the development pace has demonstrated the righteousness of the policy Alexander Lukashenko pursues,” noted Karim Masimov.

In his opinion, good figures of Belarus-Kazakhstan trade indicate that both sides are interested and implement the agreements that the leaders of the two countries have arrived at. Belarus and Kazakhstan can learn from each other, underlined the Kazakh head of government.

Belarus and Kazakhstan execute a 2010-2011 joint action plan. It was adopted as part of the program designed to guide economic cooperation between the two countries till 2016, the so-called roadmap.