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Era of re-export finishes, businesses need to be re-oriented for production -- Deputy Economic Regulation Minister.

The era of re-export finishes. Entrepreneurs busy in this sphere need to reorient business for production, Deputy Economic Regulation Minister Oleg Pankratov said."We have come to the time when the era of re-export finishes for Kyrgyzstan. It is unprofitable to buy goods in China and to re-export them to Russia due to establishment of the customs union," he said."I think many entrepreneurs, who were busy in re-export, will have to reorient their business and to spend their capitals for other purposes. It is beneficial to produce goods here. Sewing industry is a good example of this," Pankratov concluded.

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Publication:AKIpress News Agency
Geographic Code:9KYRG
Date:Nov 23, 2010
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