CU enhanced Kazakhstan's sales by 30%
16:34, 9 July 2012
ASTANA. July 9. KAZINFORM The Customs Union helped increase the trade turnover of Kazakhstan by 30%. The mining and metallurgy sector takes an essential share in the trade turnover, President of Russia Commodity Producers Association Oleg Soskovets said in an interview for PM.kz site.
"With the establishment of the Customs Union the trade turnover of Russia and Kazakhstan increased by 25-30%. Metallurgy is the main sector which ensures such an increase of the trade turnover," he said.
According to the President of the Russian Commodity Producers Association, the Customs Union and the Single Economic Space will allow to increase the trade turnover up to 400 billion U.S. dollars by 2015.
He also noted that the mining and metallurgy sector was the basic for the economy of Kazakhstan.
"The mining and metallurgy sector is the basic sector which forms the economy of the country along with the other sectors. It also provides an advantage for trade turnover increase," O.Soskovets said.