Illustration (Photo: Sergey Nivens/shutterstock.com) The Prime Minister of Serbia, Ana Brnabic, stated that, during the first five months of 2022, the export of services in the field of information and communication technologies (ICT) amounted to EUR 951 million and that this represents a growth of 40.8% compared to the same period last year. . Brnabic … Read more
The cabinet today approved a draft law cancelling the excise duty on the import of agricultural and forestry tillers and tractors, the government’s communication and protocol department has reported. This measure will help enhance the competitiveness, increase the incomes and promote facilities at the exports of agro-food products, which will generate the increase in the … Read more
Kazakhstan has increased the export of goods, Kazinform learned from the State Revenue Committee of the Ministry of Finance. «As per preliminary data, in January-June 2022, commodity turnover between Kazakhstan and third countries increased by 51.6%. The export of commodities rose by 65.4% and imports increased by 20.8%. Sales turnover in H1 2022 rose by … Read more
The Prime Minister also noted appreciation to the Ambassador over China’s support of the sovereignty and territorial integrity of Georgia.Photo: Government’s Administration. Trade and economic relations between Georgia and China were discussed on Friday in a meeting of the Georgian Prime Minister Irakli Garibasvhili and Zhou Qian, the newly appointed Ambassador of China to Georgia. … Read more
Azerbaijan is eyeing expanding the preferential trade area with major partner countries, Azernews reports, citing State Customs officer Fuad Mammadov. Azerbaijan enjoys preferential trade agreements with 10 countries, particularly with Russia, Georgia, Ukraine, Kazakhstan, Turkmenistan, and others, Mammadov said, adding that the country’s preferential trade is expected to double reaching 20 countries. He added that … Read more
Armenia’s economic activity index increased by 11.8% in January-June 2022 compared to the same period of the previous year, the data released by the Statistical Committee says. The industrial production volume grew 5.8% in January-June compared to the same period of the past year. Gross domestic agricultural production volume declined by 5.5% compared to the … Read more
According to the Kazakh Ministry of Trade and Integration press service, Kazakhstan – Eurasian Economic Union (EAEU) trade turnover reached $10 billion in January – May this year (4.8 percent up compared to the same period of the previous year ($9.5 billion).
The decrease of exports from Kazakhstan to the EAEU countries attained 0.9 percent ($2.9 billion) in January – May. Iron ore concentrates, hot rolled steel and cold rolled steel and ferrous metals were included. Simultaneously, the supply of aluminum oxides and hydroxides, unprocessed zinc, ferroalloys, and rolling stock components has increased.
At the same time, an increase of imports from the EAEU countries to Kazakhstan by 7.3 percent ($7 billion) has been observed in the first five months of this year. The majority of the imported goods were made up by copper ores and concentrates, sunflower seeds, wheat, zinc concentrates, semi-finished products of non-alloy steel, mineral and carbonated water and nitrogen fertilizers.
Kazakhstan’s non-primary goods trade turnover with EAEU countries attained $8.1 billion (6.2 percent up compared to the same period in 2021 ($7.7 billion).
An increase by 13.6 percent ($2 billion) was shown by exports of non-primary goods from Kazakhstan to the EAEU countries, while the growth of imports of processed goods to Kazakhstan from the EAEU countries reached 4.1 percent ($6.2 billion).
Source Link
According to the Kazakh Ministry of Trade and Integration press service, the trade turnover of non-primary goods of Kazakhstan in January – May 2022 attained $25.3 billion (20.4 percent up compared to the same period of the previous year ($21.0 billion).
QazTrade, center for trade policy development under the Ministry of Trade and Integration, reported that the increase of non-primary goods export from Kazakhstan reached 34.7 percent in five months ($9.7 billion).
The export growth has been contributed to by a significant increase in the supply of non-raw materials such as ferroalloys, uranium, copper, sulfur, and unprocessed zinc.
The supplies of wheat or wheat-rye flour drastically increased by 86 percent, as well as oxides and hydroxides aluminum – by 89.2 percent.
At the same time, the average boost of the import attained 12.9 percent ($15.5 billion). An increase in the import of such non-primary goods as automobile bodies, medicines packaged for retail sale, ferrous metal products, parts, accessories for cars and tractors, engines internal combustion with spark ignition, telephones, and air conditioning units drives its growth.
The ministry reports that Kazakhstan’s main trading partners in non-primary goods are Russia (export – 17.9 percent, import – 37.2 percent), China (export – 19.9 percent, import – 23.5 percent) and Turkey (export – 7.5 percent, import – 2.9 percent).
Source Link
In January-June 2022, the foreign trade turnover of Uzbekistan reached $24.5 billion. Compared to the corresponding period of 2021, the figure increased by $6 billion, the State Statistics Committee said. During the reporting period, the republic exported products ($8.3 billion) and services ($1.6 billion) for a total of $9.9 billion. Imports, in the meantime, were … Read more
The Verkhovna Rada has adopted a law on Ukraine’s withdrawal from the agreement on cooperation and mutual assistance in customs matters, signed in Moscow on April 15, 1994 and ratified by the Verkhovna Rada in 1999. According to Ukrinform, 327 MPs voted for a respective draft law, No. 0105. The explanatory note to the bill … Read more