It is estimated which country benefited the most from the Customs Union

 

Experts evaluated the benefits of economic integration in the post-Soviet space. The greatest benefit from the creation of the Customs Union of Belarus received. However, as it turned out, for export to other participants TC Belarus sends goods much higher degree of processing than it receives from them.

 

The Minister of Trade of the Eurasian Economic Commission for Europe (ECE) Andrew Slepnyov believes that the greatest effect of the integration of the Customs Union Belarus has received. This is the conclusion from the analysis of the dynamics of domestic trade for three years — from 2009 to 2011.

"Over the past three years, Belarus has increased exports to Kazakhstan, when compared to the share of Kazakh imports by 15%, that is, increased its presence in the Kazakhstan market at 15%, in Russia — 20%. The effect of the Customs Union obvious impact on Belarusian exports, "- said Slepnyov, reports" Interfax ".

For Kazakhstan, the share of supply in the Russian market grew by 10% in a stable market share of Belarus.

As for Russia, the share of the presence of Russian products on the market of Belarus decreased by 1.5%, while the presence of Russian goods in Kazakhstan increased by 30%.

Note that in the full force of the Customs Union started to work only from the middle of 2011, when it was formed on the customs territory of the Customs Union. Thus, the greatest effect in the second half of last year.

Slepnyov explain such a difference in the dynamics of bilateral trade that countries have different use possibilities of the common market for the sale of their goods. According to him, Belarus is more interested in selling their goods to the market of the Customs Union, believes Slepnyov.

In addition, he said, Russia and Kazakhstan mainly sell mineral resources, while Belarus' originates from the sale of other products. "

Experts attribute the difference to other factors. "The first explanation — it is fluctuation in exchange rates. While the landslide devalvirovanii Belarusian ruble in 2011, surprisingly, the share of Russian goods fell by only 1.5%. It speaks about the strength of ties to existing supplies, as well as the dependence of Belarus on Russian hydrocarbon deliveries are for internal use republic relatively unchanged, "- says senior analyst" Zurich Capital Management "Oleg Dushyn.

"Belarus wins, as it produces and exports more products" highly processed ": machinery and equipment, agricultural products. Such products are more governed by customs and tax legislation, is more vulnerable to trade barriers than mineral products, which is the main export Russia and Kazakhstan, "- said the analyst« Allianz ROSNO Asset Management "Ariel Black.

According to ECE, Belarus exports to Russia following product groups: ground transport (22.2% of the total Belarusian exports to the Russian Federation), dairy and meat products (17.4%), machinery and equipment (15.6%) .

In the export of Belarus in Kazakhstan are also important means of land transport (18.4% of the total Belarusian exports to Kazakhstan), dairy and meat products (17.9%), and machinery and equipment (15.3%).

Overall, the 2011 trade among the countries — members of the Customs Union (CU) occupied 46.4% of total foreign trade of Belarus, 18.2% — for Kazakhstan, and 7.5% — for Russia.

Recall that the Customs Union has been operating since January 1, 2010, to take effect when the Common Customs Tariff of the Customs Union, and agreements in the field of single-tariff regulation. On July 1, 2010 came into force a single customs code of the Customs Union and a number of key international agreements.

However, the full force of the Customs Union earned a July 1, 2011, when there was a transfer of customs controls at the external border of the Customs Union, which means the formation of a single customs territory.

On 1 January 2012 there was already a transition to the Common Economic Space, which aims to ensure the full and effective freedom of movement of goods, services, capital and labor across the borders of the States Parties. 

 

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