Necessary to raise competition within CIS to compete at world level: N.Nazarbayev
The question about the benefit of the Customs Union between Kazakhstan, Russia and Belarus for the small and medium business was asked by an entrepreneur from Omsk.
"The small and medium business will receive direct assistance. In accordance with our agreement the Customs Union between Kazakhstan Russia and Belarus will be established on January 1, 2010. We will sign the agreement on November 27 in Minsk. Firstly, this will create conditions for mutual investments, establishment of joint enterprises and business development. Secondly, the Customs tariffs will be simplified. Thirdly, legalization and process of levy indirect taxes is simplified as well", the Head of the State noted.
According to N.Nazarbayev, the main advantage is that big market with 170 mln population and total GDP amounted to USD 2 trln will be opened for all participating countries. "Goods from the participating states and the Union neighboring states will come to our countries. If these goods are better and cheaper they will be sold. It is necessary to develop competition in the CIS in order to be able to compete at the world level", the President said.
He also stressed that it is impossible to live in globalized world without integration.