USD 68.33
EUR 79.43
RUB 1.10

Nursultan Nazarbayev calls on EEU countries to support each other

The President of Kazakhstan Nursultan Nazarbayev called on the countries of the EEU to support each other in order to overcome the crisis faster. He stated this today at an expanded meeting of the Supreme Eurasian Economic Council.

According to him, the crisis is not eternal, and growth always follows a recession. And  it is exactly the same in EEU. By the end of 2016, most of the union countries showed economic growth. At the same time, in the opinion of the head of Kazakhstan, statistics at the beginning of 2017 gives a special optimism.

Following the results of two months of 2017, the volume of foreign trade of the EEU grew by 37 percent, mutual trade - by 38 percent.

«There are shortcomings, but we show that one must continue to work. If all barriers and exemptions are excluded, we will be able to support growth by the end of the year. It is necessary to consolidate it and support economic growth. We need to remove the barriers. For this, the Eurasian Economic Commission has already taken priority measures, a list of barriers has been developed. Now we need to develop a road map, provide new economic agreements for expanding sales markets, intensify cooperation with Iran, Singapore and other countries that have expressed a desire," Nursultan Nazarbayev noted.

We must provide mutual support during this difficult period. For example, Kazakhstan provides assistance to neighboring Kyrgyzstan.

Nursultan Nazarbayev

«We signed an agreement on early application of the unified railway tariff. This allowed colleagues to save about $ 60 million. It was also decided to provide Kyrgyzstan with financial assistance for adaptation to the standards of the EEU. We continue to cooperate with Kyrgyzstan in other areas. We will always positively consider the possibility of providing assistance," he added.

The President of Kazakhstan invited his colleagues to take part in the exhibition EXPO-2017.