12.06.2009, 15:47 2225

Formation of Customs Union of Kazakhstan, Russia and Belarus to open new possibilities for investors

The President of Kazakhstan, Nursultan Nazarbayev, at the meeting of the Council of Foreign Investors said formation of the uniform Customs Union between Kazakhstan, Russia and Belarus will open new possibilities for investors, the agency reports.

Kostanay. June 12. Kazakhstan Today - The President of Kazakhstan, Nursultan Nazarbayev, at the meeting of the Council of Foreign Investors said formation of the uniform Customs Union between Kazakhstan, Russia and Belarus will open new possibilities for investors, the agency reports.

"Formation of the Customs Union between Russia, Belarus and Kazakhstan opens new possibilities for investors," N. Nazarbayev said.

"We are creating the uniform market with the population of more than 168 million people and total GDP of almost $2 trillion dollars, following the results of 2008. Since July 1st, 2010, customs registration of goods between three countries will be cancelled," the President reminded.

"We need to activate the policy of attraction of direct foreign investments. It will create more balanced and steady structure of the capital in the economy and will allow lowering the risks connected with prevalence of debt capital," he explained.

"I urge foreign investors to use your connections in the international business and financial circles to attract investors to Kazakhstan," the head of the state said.

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