Kazakhstan comes up to establishment of Single Customs Territory fully prepared: PM
ASTANA. June 1. KAZINFORM /Kanat Kulshmanov/ "Kazakhstan is fully prepared for one of the main periods in its economic development - establishment of the Single Customs Territory with maximum consideration of country's claims", Kazakh Prime Minister Karim Massimov has said today at the Government session.
K.Massimov reminded that at the session of the CU supreme body held in St. Petersburg on May 28 this year Kazakhstan and Russia signed the agreement specifying the application of international treaties in the formation of the Customs Union.
"Beginning from July 1, 2010 agreements including the CU Customs Code supposing establishment of the Single Customs Territory, elimination of the customs borders between the CU member states, cancellation of customs clearance of goods between Kazakhstan and Russia come into force. Belarus is supposed to join the Customs Union later", the Premier said.
According to K.Massimov, all disagreements between Russia and Kazakhstan on the Customs Union were settled within the talks.
Distribution of customs duties was reconsidered as well. The rate of Kazakhstan will be up to 7.69%. "We have agreed to introduce a preferential treatment for Kazakhstan citizens that is more liberal compared to earlier functioned one in Kazakhstan", the Head of the Government said.
A transition period on import of foreign cars will be valid till the signing of corresponding documents on the Single Customs Territory, i.e. till July 1, 2010. Transition period providing customs privileges for all free economic zones of Kazakhstan was introduced as well.