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Common Customs Tariff in Kazakhstan with the
Eurasian Customs Union
With the Eurasian Customs Union established between the
Russian Federation, Kazakhstan and Belarus in 2010, the customs
between the members of the union were reset and the
common customs tariff application for third countries started.
Later, Armenia and Kyrgyzstan joined this union. Accordingly,
for example, 10% tax is applied on knitted women’s coats and
coats, and 10% on cotton and artificial synthetic dresses.
According to the data of the Turkish Ministry of Economy, there
are 600 companies with Turkish capital in this country. These
companies employ more than 15,000 people. As of March
2016, 475 projects with a total value of 21 billion dollars were
undertaken by Turkish contractors in Kazakhstan. The amount
of international direct investment from this country to Turkey
is 681 million dollars.
After Kazakhstan declared its independence on December 16,
1991, Turkey became the first country to recognize Kazakhstan’s
independence on the same day.
The common historical, cultural and spiritual ties between
Turkey and Kazakhstan have greatly improved the relations
between the two countries. After gaining its independence,
arrangements were made on the basis of relations and cooperation
in various fields with many agreements and protocols
signed with Kazakhstan.
Parallel to the level reached by the political relations between
Turkey and Kazakhstan, Kazakhstan has become one of Turkey’s
most important political and economic partners in the
region.
Kazakhstan, which is about 4 times the size of Turkey and the
9th country with the world’s largest surface area, is very rich
in natural resources. This factor plays a decisive role in the economy.
The main items in exports are petroleum and petroleum oils,
natural gas, metal ores and products made of metal, wheat and
other agricultural products and chemical industry products,
while machinery and equipment, vehicles, metal products,
chemical and food industry products come to the fore in imports.
Kazakhstan is the world’s 52nd largest exporter with 37 billion
dollars and the world’s 65th largest importer with 25 billion
dollars. The country’s largest importer is Russia, while the largest
export market is Italy and China.