Common customs tariffs of Belarus, Russia and Kazakhstan to come into force beginning from January 1, 2010
MINSK. November 27. KAZINFORM /Yernur Akanbay/ "The Common customs tariffs of Belarus, Russia and Kazakhstan will come into force beginning from January 1, 2010", Belarusian President Alexander Lukashenko has said today at the press conference upon the results of the session of the EurAsEC Interstate Council on the highest level. "The latitude on its establishment will be granted to supranational body - the Commission of the Customs Union. The Common customs area of three states - Russia, Belarus and Kazakhstan will start functioning beginning from January 1, 2010", A.Lukashenko said. "Establishment of the Customs Union of three states - Russia, Belarus and Kazakhstan, and coming into force of the Common customs area beginning from January 1, 2010 became an important historic event of the session of the EurAsEC Interstate Council", Kazakh President N.Nazarbayev said. According to him, these decisions were adopted on the basis of equality and respect to independence and sovereignty of participating states. "Large market with 170 mln population is established. The common production sector of our countries amounted to USD 600 bln. Total oil reserve is up to 90 bln barrels. Our countries become important players at the energy resources market. The total volume of the agriculture of our countries amounted to USD 112 bln. The common gross domestic product of our countries is up to USD 2 trln, total sale - USD 900 bln", N.Nazarbayev said. According to the Head of the State, the Customs Union will allow three countries to achieve 15% GDP growth by 2015. The total effect of establishment of the Customs Union will be up to USD 400 bln for Russia, USD 16 bln for Belarus and Kazakhstan.