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Kyrgyzstan To Receive $41 Million From Kazakhstan For Adaptation In The EEU

Monday, March 20, 2017 - 22:09

On March 17, in the framework of the meeting of the Council of the Eurasian Economic Commission in Moscow, representatives of Kazakhstan and Kyrgyzstan signed documents on the provision of financial and technical assistance necessary for the adaptation of the Kyrgyz economy in connection with the republic's participation in the Eurasian Economic Union. Within the framework of the signed agreement, Kazakhstan undertook to increase the volume of financial support to Kyrgyzstan from 7 to 41 million dollars. These funds will be used to develop certain types of infrastructure in the republic, including construction, modernization and refitting of phytosanitary and veterinary laboratories, as well as checkpoints.


In his speech at the signing ceremony, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov expressed the hope that the support provided by the EEU states will allow his country to enjoy all advantages of the economic integration and increase the participation of Kyrgyz enterprises in the mutual trade.


As reminded by the ECE, on January 1, 2017, Kazakhstan expanded the list of Kyrgyz wares allowed for import into its territory by 85 groups of goods.


In addition, there came into force the agreement on the early provision of a unified railway tariff for transit cargo transportation through Kazakhstan. According to the experts' assessments, this will give the Kyrgyz cargo senders the opportunity to save at least $60 million.


“I am sure that building mutual relations based on the principles of seeking compromises, mutual support and working out effective solutions will become a powerful incentive for strengthening the Union, increasing its attractiveness to the world community,” Prime Minister of Kazakhstan Bakytzhan Sagintayev said.


In addition, Kyrgyzstan will also receive assistance from Russia during the period of its adaptation in the EEU.

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