Media reports on Russian ships call into Ceuta are controversial — embassyRussian Politics & Diplomacy October 26, 22:03
Russia’s telecom watchdog tries to block LinkedIn through courtSociety & Culture October 26, 21:29
DPR envoy reports no constructive discussion on "Steinmeier formula" in MinskWorld October 26, 21:14
Six NATO countries say ready to dispatch their forces to Black Sea areaWorld October 26, 20:43
Moscow refutes allegations about plans for Russian cruiser's call into Spanish portMilitary & Defense October 26, 20:38
US, Israel abstain from UN GA vote condemning Cuba embargoWorld October 26, 20:31
Western sanctions expected to relax gradually in 2017 — ex-finance ministerBusiness & Economy October 26, 20:25
Mark Zuckerberg, Bill Gates intend to see battle for world’s chess crown — FIDE chiefSport October 26, 20:24
Mi-8 helicopter lost in Russia's Yamal was running out of fuel — IACWorld October 26, 20:20
BISHKEK, January 17. /ITAR-TASS/. Politics long-ago propelled central Asia's Kyrgyzstan towards joining the Customs Union of Russia, Belarus and Kazakhstan (CU) but the republic’s economy cannot compete yet against those of other member-states, Kyrgyzstan’s Prime Minister Zhantoro Satybaldiyev told Itar-Tass on Friday.
“Therefore, Kyrgyzstan’s entry into the Customs Union without certain conditions may have grave negative consequences for us,” he said. “The other side [Russia, Belarus and Kazakhstan] understands it and we are currently seeking the solution to this problem.”
Satybaldiyev said there was no point in joining the economic union unless this was advantageous to the republic. “It is no use risking in such a situation,” he added. “Given that some big problems may follow, we need a transition period.”
The prime minister said that in opening its customs borders to partner countries, Kyrgyzstan may “lose domestic producers” who would be unable to compete against more powerful foreign companies.
“We certainly favor the integration as there can be no growth in the republic’s economy without developing trading relations,” Satybaldiyev said. “But we should be protected at least in some ways.”
This was the reason Bishkek asked CU states to create a kind of supporting fund for Kyrgyzstan’s accession to the organisation, which could finance the country’s economy in the transition period.
“Then we could go boldly into the Customs Union. Without it, it would be really difficult for us. It would be difficult to sign an agreement which is disadvantageous for us,” Satybaldiyev said, adding that he hoped agreement would be possible with CU states and that the Kyrgyz side “is already looking for ways to address the problems”.
Kyrgyz authorities decided to enter the union in spring 2011. Six months later, the republic officially applied to join the assembly, the parties charged to complete a roadmap for integration by the end of 2013.
Bishkek considered it irrational to enter the CU, however, without guaranteeing “the protection of its national interests”.