Trade turnover grows between Central Asian countries

Trade turnover grows between Central Asian countries

Central Asian countries will increase economic cooperation this year, particularly trade turnover. According to experts, this process will be largely facilitated by the new Kazakhstani and the EAEU customs codes. Fewer operations for declaring goods on the borders of the Eurasian continent, switching to electronic format and other innovations will reduce the costs and save time in foreign trade transactions. As a result, experts emphasize, the optimization of customs processes will give a new impetus to international trade.

GOSMAN AMRIN, DEPUTY CHAIRMAN, STATE REVENUE COMMITTEE:

 - It is obvious that Kazakhstan is making every effort to facilitate international trade in the Central Asian region, because the republic is a key transit link.

Significant transit potential provides Kazakhstan with a powerful instrument for supporting international traffic flows. Kazakhstan seeks to uncover opportunities for increasing trade between the Central Asian republics and European countries. Kazakhstan’s new customs code is a concrete step in this direction, experts say.

DINA MAMASHEVA, SPOKESPERSON, ‘ATAMEKEN’ NATIONAL CHAMBER OF ENTREPRENEURS:

 - Kazakhstan’s transition to customs declaration will certainly affect the customs service in Central Asia. We hope that this will affect our business ratings, and our ratings in the competitiveness index.

GENNADY SHESTAKOV, CHAIRMAN, KAZAKHSTAN ASSOCIATION OF CUSTOMS BROKERS:

 - Kazakhstan is considered to be more advanced among the Central Asian countries. Other countries do not just pay attention but try to be similar, copy and introduce some models in their lives. Therefore, simplification of the customs code was necessary anyway. Of course, it will spark interest among countries that would wish to trade with us. The fewer the costs, the cheaper the goods, and the faster the turnover. This works for all economies. This is a true benefit.

Simplification of customs procedures will foster integration processes in the Central Asian region, analysts say.