Kazakhstan simplifies procedures in trade with Turkey. How will this affect trade?




The deputies of the Majilis adopted the draft law "On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Turkey on the organization of information exchange and simplification of customs control procedures," Kazinform reports. Experts believe that as a result, trade between the countries could grow from $6.2 bln to $10 bln.

“The agreement was concluded in order to increase efficiency and reduce the time for customs control through the electronic exchange of information on goods and vehicles moved between the territories of the states-parties. In accordance with the provisions of the Agreement, the customs authorities of the parties will determine the list of competent officials responsible for the implementation of the exchange of preliminary information and authorized to conduct direct contacts,” Deputy Prime Minister - Minister of Finance of the Republic of Kazakhstan Yerulan Zhamaubayev said at the plenary meeting of the Majilis.

Deputy of the Mazhilis Yerlan Stambekov spoke about what will change as a result of the ratification of this agreement.

“Judge for yourself, when there is an export, first we fill out all the necessary export documents, and when the goods cross the border, the receiving party must fill out an import customs declaration. From now on, this will not happen. This kind of exchange between our states will begin to work fully in six months. The government and, in particular, the Ministry of Finance take these six months to work out all the necessary procedures in a pilot mode,” the deputy noted.

According to him, such experience already exists in trade with China, Iran, as well as with Vietnam.

“It is very important that this agreement helps to strengthen our trade turnover with Turkey, which currently stands at about $6.2 bln. And, as the minister said, we hope that thanks to the introduction of this rule of procedure, the trade turnover will increase to $10 bln,” he said. Ye. Stambekov.