Kazakhstan’s exports to EAEU countries up by 90% in 2023
Mutual trade of Kazakhstan with the EAEU partners increased by 74% within seven years and reached $28 billion. Minister of Trade and Integration Arman Shakkaliyev said it at the governmental hour in the Majilis on Monday, Kazinform News Agency reports.
In seven years, Kazakhstan’s mutual trade with the EAEU partners rose by 74% and reached $28 billion in 2022 ($16.3 billion in 2015). Kazakhstan’s exports to the EAEU countries rose by 90%, compared to $5.1 billion in 2015 and $9.7 billion in 2022, Shakkaliyev said.
In his words, in 2023, Kazakhstan managed to eliminate 10 barriers and develop common criteria of industrial processing on 450 commodity items in 17 industrial sectors as well as expand the list of goods whose origin in confirmed by CT-1 certificate (173 items), in order to ensure equal access to the procurements in EAEU countries.
This measure will enable Kazakhstan to boost export of home-produced goods to the markets of partner countries with the annual volume of $100 billion. We also see prospects for entering into free trade agreements with third countries. We interact with Serbia, Vietnam on a FTA agreement, and with Iran in a limited format, he noted.
As a result, as the minister said, in seven years, commodity turnover with Vietnam increased 2.5fold (up to $525.7 million), with Iran – by 38% in 3 years (up to 521 million), and by threefold with Serbia within a year (up to $73.8 million).
