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Customs Union Turnover to Exceed $100 bln in 2011
3.10.2011 18:01
Customs Union Turnover to Exceed $100 bln in 2011

The total turnover of member countries of the Customs Union will exceed $100 bln this year, claimed the Head of the Ministry of Industry and Trade Viktor Khistenko. This sum includes not only trade with energy resources but the whole variety of products of Russia, Belarus and Kazakhstan.  

In 2010 the Customs Union turnover made up $ 88 bln, in 2009 it was $73 bln.

The Customs Union of the three countries started working from the beginning of 2010. In June 2010 the countries signed the Customs Code. By 2012 Russia, Belarus and Kazakhstan have to complete the creation of common economic space without common currency.

Author: Irina Fomina

Tags: Russian business     

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