Despite the negative impact of external factors, the trade turnover between the countries of the Eurasian Economic Union is growing dynamically, ARMENPRESS reports Ambassador of the Republic of Kazakhstan to Armenia Bolat Imanbayev said at a round table on “Opportunities for EEU Development: Prospects after the Declaration of an Economic War against Russia by Collective … Read more
According to the Minister of Industry and Infrastructure Development of Kazakhstan Kairbek Uskenbayev, export and transit cargos from Kazakhstan will be redirected to the Trans-Caspian International Transport Route (TMTM) crossing Azerbaijan, Georgia and Turkey.
According to the Russian news agency TASS, Uskenbayev said that Kazakhstan had reached an agreement with Azerbaijan, Georgia and Turkey to create a joint venture on the route as an integrated transport and logistics company.
The Kazakh official said that a container hub on the basis of the free economic zone seaport of Aktau is to be created in order to develop cargo transportation via TMTM.
Kazakhstan has begun working on alternate routes for the transportation of export and transit cargos, along with the authorities’ decision to redirect the freight to Latvian ports due to the war in Ukraine and sanctions imposed against Russia.
The aim of the TMTM, established in October 2016, is to attract transit and foreign trade cargo, as well as develop integrated logistics products via the Trans-Caspian International Transport Route, which runs through China, Kazakhstan, Azerbaijan, Georgia and further to European countries.
An online trade facilitation tool (ITC-WCO Rules of Origin Facilitator) has been launched by Customs Service. It identifies the information related to trade agreements, customs duties applicable according to the final destination, rules of origin specific to each product and information on certificates of origin. The World Customs Organization (WCO) and the International Trade Center (ITC) launched this online search system.
This tool gives economic operators involved in international trade the opportunity to consult information on rules of origin, price and competitiveness of manufactured products. It helps companies to make the decisions on investment and to identify raw material suppliers.
The country of origin of goods is determined with the help of Rules of origin. Preferential tariff treatment consisting of relief or reduction of customs duty may be applied to their importation depending on the origin of the goods.
This online search system is free and available at the following link: www.findrulesoforigin.org.
The State Statistics Committee has named major trade partners of Uzbekistan for January-February 2022. According to the committee, the following countries had the highest share in Uzbekistan’s exports during the reporting period: – Russia – $346.8 million – China – $310.5 million. – Turkey – $238.4 million – Kazakhstan – $141.7 million – Kyrgyzstan – … Read more
The Ministry of Agrarian Policy and Food of Ukraine makes efforts to resume agri-food exports to foreign countries. As the Ministry’s press service informs, tens of millions of tonnes of agricultural products intended for export are currently stored in the country. Due to transportation problems, Ukraine is short of $1.5 billion a month, while other … Read more
The goods from Serbia to Russia continue to flow despite a decrease in total exports amid difficulties caused by Western sanctions, Bojan Stanic, assistant director of the Serbian Chamber of Commerce, told Sputnik, the latter reported. “Despite the existing difficulties, the delivery of products to Russia and payments are functioning. Many companies with predominant EU … Read more
Customs Service announced today that it has launched an online trade facilitation tool (ITC-WCO Rules of Origin Facilitator), which allows the identification of information related to trade agreements, customs duties applicable according to the final destination, rules of origin specific to each product, as well as information on certificates of origin. According to the quoted … Read more
The Kazakh government plans to develop the import substitution program with a mission to reduce imports, increase export advantages and competitiveness of domestic production, reported the Prime Minister’s Office on March 19. The state bodies have presented a preliminary plan that includes 444 domestic import substitution projects worth 13.3 trillion tenge (US$26 billion). The projects … Read more
Export and transit cargos from Kazakhstan will be redirected to the Trans-Caspian International Transport Route (TMTM) crossing Azerbaijan, Georgia and Turkey, Kairbek Uskenbayev, the Minister of Industry and Infrastructure Development of Kazakhstan, announced on Tuesday. The Russian news agency Tass cited Uskenbayev as saying Kazakhstan had reached an agreement with Azerbaijan, Georgia and Turkey to … Read more
“The trade between Turkmenistan and Azerbaijan has increased five times since 2020,” said Vice President of the State Oil Company of Azerbaijan (SOCAR) Elshad Nasirov at the International Oil and Gas Forum, held in Ashgabat. Nasirov noted that Azerbaijan is interested in cooperation with the Caspian region countries. He said that Turkmen-Azerbaijani relations are bound … Read more