Economic Relations between Kazakhstan and Russia

Ñòðàíèöà: 27/33

The agreement on the Customs Union is open to all other CIS member states that will recognize the provisions of the agreement and express a readiness to fulfill them in their entirety.

The joint statement was in effect an agreement on coor­dinated moves for further realization of economic reform and creation of a uniform mechanism for regulating the economies based on market principles. It set the task of unification of legislation on foreign trade, customs, currency, finances, prices, taxes, and other economic laws ensuring free development of production links and of enterprise, as well as equal possibilities and guarantees for economic agents of the three states.

In that document, the heads of the governments of the three states noted the considerable progress in the creation of possibilities for a real formation of a customs union on the basis of agreements and protocols signed. The sides agreed that tariff and quantitative restrictions on mutual trade will be lifted through the setting up of fully identical systems of regulation of external economic links, unconditional guarantees for effective joint pro­tection of the external borders of the member states of the Cus­toms Union, and establishment of identical trade procedures, common customs tariffs, and measures for non-tariff regulation with respect to third countries. It was stressed that the develop­ment of foreign economic links will be promoted by the stage-by-stage formation of a clearing union to ensure continuous clear­ing on the basis of mutual convertibility of national currencies and formation of an effective payment system.

An agreement was reached to render state support to the development of direct links and cooperation between enter­prises, to the establishment of financial-industrial groups, for­mation of favorable conditions for mutual access and protec­tion of investment, and acquiring real estate,

Measures were outlined for the formation of a common scientific/technological space for a more rational utilization of the available intellectual, scientific, and technical potential.

State delegations headed by deputy heads of governments take part in regular monthly sittings of the commission. These sessions consider the implementation of agreements, analyze the state of affairs in the practical formation of the customs union, and coordinate joint measures.

At the same time each side set up its own national sec­tions of the intergovernmental commission on the customs union. Five groups were set up in the framework of each national commission to cover the following areas:

1. Creation of the Customs Union. Solving tasks in the realization of a mechanism for the establishment, of a. free trade zone; working out normative acts for the unification of cur­rency, financial, and general legislation; preparing proposals for the introduction of unified procedures for foreign trade regulation and an identical customs tariff, for coordinating a unified procedure of customs control, for working out an agree­ment on unified management of customs services, and so on.

2. Harmonization of legislative systems to coordinate the legal basis of agreements with agreements already achieved and to eliminate discrepancies in the economic legislative systems of the states, and to solve other issues.

3. Realization of the provisions of treaties; of friendship, cooperation, and mutual assistance; preparation of draft agreements and documents on freedom of movement, citizens' legal status, conversion, mutual debts of enterprises, and on mili­tary cooperation.

4. The development of production and enterprise. Taking coordinated measures for economic reforms, preparing agree­ments on scientific and technological cooperation, investment activity, state support of enterprises participating in joint financial-industrial groups.

5. In the area of finances and payment relations: the orga­nization of work on providing regular quotations for the na­tional currencies, on the setting up of a network of currency exchange points, on concluding an inter bank agreement on mutual access to domestic markets of authorized banks, on working out a common mechanism for currency regulation and control, on unification of taxes and their size, on the method­ology of price formation, and so on.

Practically all issues have been resolved in. the framework of the three countries on non-tariff regulation of foreign trade activity; work on the unification of normative legal acts in this area has been completed. The partners came to an agreement on the procedure for registering contracts on exports of strate­gically important commodities.

Ðåôåðàò îïóáëèêîâàí: 18/07/2008