Tefft confirms Huntsman may soon replace him as US ambassador to RussiaWorld May 29, 12:17
Le Pen says Putin’s visit to France will bolster relations between countriesWorld May 29, 12:13
Russia to respond to diplomats’ expulsion from Estonia on tit-for-tat basisRussian Politics & Diplomacy May 29, 11:49
French minister comments on Macron-Putin talksWorld May 29, 11:15
Russia condemns North Korea’s new missile testRussian Politics & Diplomacy May 29, 10:17
Trump’s administration seeks to restart Ukraine peace process — mediaWorld May 29, 9:38
WannaCry ransomware may be authored by hackers from Southern China — mediaWorld May 29, 8:58
Russia’s Eastern Military District receives new shipment of Terminator helicoptersMilitary & Defense May 29, 8:18
North Korea test fires another missileWorld May 29, 1:29
BISHKEK, November 12 (Itar-Tass) - Kyrgyz government intends to thoroughly study terms of its entry into the Customs Union of Russia, Belarus and Kazakhstan to avoid drastic consequences for the country’s economy, First Deputy Prime Minister Dzhoomart Otorbayev told a business forum on Tuesday.
“We are at the final stage of work on a ‘road map’ of our country’s entry into the Customs Union,” the top official said. “We hope that it will be approved by all parties already in December,” he added.
At the same time, Otorbayev fears that the republic may face “shock effects” to the economy after joining the Customs Union. “’Trade is the main engine of our economy. That is why we must work out the tariff policy that would not make hundreds of thousands of our fellow countrymen feel social shock and lose their jobs,” he said.
The first deputy prime minister admitted that Kyrgyzstan had “much lower potential” than Russia, Kazakhstan and Belarus, which is why the republic needed assistance fund.
“The population expects from our government a well-planned calculation of pluses and minuses from economic integration,” he said.
The Kyrgyz leadership made the decision to join the Customs Union in the spring of 2011. “It was made in order to raise the living standards of our citizens,” Otorbayev said.