Russia read to pay compensation to WTO member states in case Kyrgyzstan enters Customs Union -- State Customs Service Chairman.
Customs Union Commission Executive Secretary Sergey Glaziev said at
the meeting in Yalta that Russia and the rest Customs Union countries
(Belarus, Kazakhstan) are ready to pay compensation on behalf of
Kyrgyzstan to World Trade Organization member states, State Customs
Service Chairman Kubanychbek Kulmatov said in an interview with Business
AKIpress. He said Kyrgyzstan's accession into the Customs Union is
connected with accession of Customs Union member states into WTO.
"These are two parallel processes. The government has only
submitted the application so far. Entry into the Union is beyond the
question yet. A long and assiduous work is coming. We established an
interdepartmental commission. The political decision was announced
during talks in Yalta. The Government of Kyrgyzstan promised to carry
out a preparatory work. We should prepare and study all advantages and
disadvantages. We should defend interests of our businessmen," he
said. MP Akylbek Japarov, chair of the parliamentary committee for
budget and finances (Ar Namys), said earlier Kyrgyzstan will have to pay
$1.5 billion in compensation to WTO member states in case of entry into
the Customs Union of Belarus, Kazakhstan and Russia.
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