Customs Union members should balance out trade

"The Customs Union member states should seek balance in the mutual trade, it would be fair. It is easier to do within the framework of the Customs Union and the single economic space taking into consideration the free capital market, labor market and unobstructed movement of goods," Nikolai Snopkov underlined.

According to him, Russia, specifically, the Ministry of Economic Development and Trade also deems it necessary to balance out trade. "This issue is top on our agenda," the Economy Minister said.

When asked about advantages of the Customs Union for Belarus, Nikolai Snopkov answered that they are obvious. "The advantages Belarus gained in 2010 and this year include a considerable export growth to Russia and Kazakhstan," he said. The minister added that today there is no need to discuss if the establishment of the Customs Union makes economic sense. "It is efficient, without a doubt. We need to seek a quality dialogue while shaping our economic policies based on the principles formalized in the legal and treaty basis of the single economic space," the Economy Minister said. These principles chime in with the principles of the WTO. It is another advantage, Nikolai Snopkov underlined; Kazinform cites BelTA.

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