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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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Publication:AKIpress News Agency
Geographic Code:4EXRU
Date:Apr 15, 2011
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