Kazakhstan's export to EAEU states up to 90 per cent

Kazakh Minister of Trade and Integration Arman Shakkaliev has said that the country's export of goods to the Eurasian Economic Union (EAEU) member states increased by 90 per cent.

Shakkaliev made these remarks at a government session on the development of trade policy in the Mazhilis (lower house) of the Kazakh parliament, Caliber.Az reports citing Kazakh media.

The minister noted that Kazakhstan’s mutual trade with partners has grown by 74 per cent over seven years and reached $28 billion as of 2022. This figure was $16.3 billion in 2015.

“Kazakhstan’s export of goods to the EAEU member states increased by 90 per cent ($5.1 billion in 2015 and $9.7 billion in 2022). As for this year, we managed to remove 10 barriers. There are unequal conditions when collecting VAT for agricultural machinery in Kyrgyzstan. Restrictions on access to medicines from the EAEU member states have been lifted in Belarus (previously, at least 50 per cent of medicines were produced in Belarus). A barrier in state procurement for machine tool products has been removed in Russia,” Shakkaliev said. 

The minister also noted that general criteria for industrial processing have been developed for about 450 product items (17 industries), and the list of goods, the origin of which is confirmed upon the ST-1 certificate has been expanded (173 items) for mutual access to procurement by the EAEU member states.

This will increase Kazakhstan’s export of goods to the market of partner countries with a volume of over $100 billion annually, Shakkaliev added.