Eurasian Integration Yearbook 2012

Customs Unionand the Single Economic Space18161412Figure 1.1.Effects of SEScreation on Belarusb) Additionalincrease in BelarusianGDP under theSES-formation option(2010, $ billion)10864202011 2013 2015 2017 2019 2021 2023 2025 2027 2029Exports to the SESGDPSoviet area will be of vital importance to the advancement of the Belarusianeconomy. The share of mechanical engineering and food processing in thecountry’s industrial structure is expected to grow.Kazakhstan’s economy remains dependent, to a significant extent, on thedynamics of hydrocarbon production. This situation is largely associated withthe fact that Kazakhstan continues to enjoy relatively high potential for theexpansion of oil and gas production. Though increasing, exports to the SEScountries remain at a relatively low level compared to GDP. At the same time,due to technological convergence and a reduction in the energy and materialintensity of production, integration processes allow reaching an additional GDPof 4% compared to the baseline scenario by the end of the forecast period.0.450.40.350.3Figure 1.2.Effects of SEScreation onKazakhstana) Kazakhstan’s GDPand exports to theSES, in constant 2010prices ($ trillion)0.250.20.150.10.0502011 2013 2015 2017 2019 2021 2023 2025 2027 2029Exports to the SESGDP24 EDB Eurasian Integration Yearbook 2012