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2008 December 2   13:51

Kazakh gov't approves Customs Union pacts

The Kazakh government has approved a range of documents stipulating the establishment of the Customs Union and the activities of the Eurasian Economic Community (EurAsEC), RBC reports. The documents are to be signed in Moscow at an ordinary meeting of EurAsEC prime ministers on December 12. The decision was made unilaterally during a meeting of the Kazakh cabinet in Astana, the capital city of Kazakhstan. The country's Industry and Trade Minister Vladimir Shkolnik noted that the Customs Union project must be completed by April 1, 2009.

The organization is initially expected to include Kazakhstan, Russia, and Belarus. The countries are set to establish a free trade zone with a single customs tariff and common customs policies regarding countries outside the union.

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