Custom Union
INTRODUCTION
Customs union is the form of economic integration which is in act today. Nowadays the integration and economic globalization is taking place in the world. Customs union is a trade agreement between the group of countries according to which there is a set of tariffs to the countries which is not in union while there is a free trade zone between the countries signed the agreement (ITAR-TASS, 2010).
In this project we will talk about the economic integration between three countries of former Soviet Union. The form of integration is customs union of Republic of Kazakhstan, Russian Federation and Republic of Belarus which was launched on January 1, 2010. But the agreement between three countries was signed much earlier on 6 October, 2007, Dushanbe (ITAR-TASS, 2010).
One of the members of this union is the Republic of Kazakhstan. Kazakhstan has different kinds of relations with Russia and Belarus from the time it became independent. Kazakhstan is situated in Central Asia and it is ranked as the ninth country in the world launching large territory. There are several reservoirs of mineral resources, oil, gas and coal. So, the country has trade relationships with many countries in the world (The Almaty expat cite, 2010).
Russia is one of the main export and import partners. The main product of both export and import is raw materials. Russia exports different kinds of food, textile and light industrial products and also there is an agreement between two countries about the rent of Kazakhstani space center Baykonur. Russia is a traditional buyer of Kazakh grain (approximately 98% of the total volume of Russia’s import of milling value grain) (Ministry of foreign affairs of the Republic of Kazakhstan, 2010).
Belarus imports ragged cotton fiber, flat-rolled hot-rolled and plated products of plain steel, zinc, drive belts made of vulcanized rubber, wheat from Kazakhstan. Belarus exports to Kazakhstan the following goods: special-purpose vehicles and
Customs union is the form of economic integration which is in act today. Nowadays the integration and economic globalization is taking place in the world. Customs union is a trade agreement between the group of countries according to which there is a set of tariffs to the countries which is not in union while there is a free trade zone between the countries signed the agreement (ITAR-TASS, 2010).
In this project we will talk about the economic integration between three countries of former Soviet Union. The form of integration is customs union of Republic of Kazakhstan, Russian Federation and Republic of Belarus which was launched on January 1, 2010. But the agreement between three countries was signed much earlier on 6 October, 2007, Dushanbe (ITAR-TASS, 2010).
One of the members of this union is the Republic of Kazakhstan. Kazakhstan has different kinds of relations with Russia and Belarus from the time it became independent. Kazakhstan is situated in Central Asia and it is ranked as the ninth country in the world launching large territory. There are several reservoirs of mineral resources, oil, gas and coal. So, the country has trade relationships with many countries in the world (The Almaty expat cite, 2010).
Russia is one of the main export and import partners. The main product of both export and import is raw materials. Russia exports different kinds of food, textile and light industrial products and also there is an agreement between two countries about the rent of Kazakhstani space center Baykonur. Russia is a traditional buyer of Kazakh grain (approximately 98% of the total volume of Russia’s import of milling value grain) (Ministry of foreign affairs of the Republic of Kazakhstan, 2010).
Belarus imports ragged cotton fiber, flat-rolled hot-rolled and plated products of plain steel, zinc, drive belts made of vulcanized rubber, wheat from Kazakhstan. Belarus exports to Kazakhstan the following goods: special-purpose vehicles and
References: 1. The Almaty expat cite. http://expat.nursat.kz/Geography of Kazakhstan, cited 2010 2. ITAR-TASS. “The Customs Union of Russia, Belarus and Kazakhstan.” July 5, 2010 3. Ministry of foreign affairs of the Republic of Kazakhstan. http://portal.mfa.kz cited 6 May 2010 4. National Agency Khabar. “Customs Union of Kazakhstan, Russia and Belarus as a dress rehearsal before joining the WTO.” 5. Official site of Customs union Commission. http://www.tsouz.ru, cited 6 October 2007 6. RIANOVOSTI. “Customs union of Russia, Belarus and Kazakhstan.” July 5, 2011 7. Sultanov, B. K. The Customs Union of Belarus, Kazakhstan and Russia: condition, perspectives and problems. Almaty: KazISS under the President of the Republic of Kazakhstan, 2009 8. The voice of Russia. “Russia, Belarus, Kazakhstan to form Customs Union.” December 25, 2009 9. The voice of Russia. “Russia, Kazakhstan, Belarus launch Customs Union on January 1, 2010.” January 1, 2010