Pros and cons of creating a Customs Union

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rifat28dddd
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Joined: Fri Dec 27, 2024 12:29 pm

Pros and cons of creating a Customs Union

Post by rifat28dddd »

The structure of imports of goods from China before and after the creation of the customs union has also remained virtually unchanged. China is still active in importing various machinery and equipment, non-precious metals and products made from them (rolled metal, pipes, rods, etc.), vehicles, plastics, plastic products, textiles, footwear, and much more.

Conclusion: the creation of the CU did not significantly affect China’s foreign trade activity in relation to the Republic of Kazakhstan.

These were statistics, and statistics are stubborn things.

Next, I would like to consider the main pros and cons of creating taiwan cell phone number list a customs union for Kazakhstan, and finally understand whether the customs union is good for Kazakhstan or bad.

Pros:

Simplification of declaration within the Customs Union.
Potential growth of transit trade operations (China-Europe). Development of the logistics market of Kazakhstan
Simplification of transit of Kazakh goods through Russia and Belarus.
Increase in budget revenues due to increase in customs tariffs
Increased investment through the creation of joint ventures in Kazakhstan
Entry of Kazakhstani producers into new markets (RF, RB) and increasing the competitiveness of our products
Significant political advantages – integration with a strong partner
Simplification of human resource movement, influx of specialists to Kazakhstan
Cons

The increase in customs tariffs will cause an increase in goods imported from third countries
Price increase due to equalization of Kazakh and Russian prices
Increased competition due to lower prices for Russian and Belarusian goods could hit some Kazakh markets
Breaking the usual mechanisms and processes of goods movement
Lack of uniform standards and technical regulations
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