The role of WTO and the Customs Union in the country's competitiveness increase Cover Image

The role of WTO and the Customs Union in the country's competitiveness increase
The role of WTO and the Customs Union in the country's competitiveness increase

Author(s): Saltanat Kapysheva, Madina Tursumbaeva, Mazken Kamenova, Umit Kopzhasarova
Subject(s): Economy
Published by: Інститут трансформації суспільства
Keywords: Customs Union; WTO; Kazakhstan; Businessmen; World Trade Organization; Business Community

Summary/Abstract: The article analyzes the current state of business communities, assesses their competitiveness, as well as positive and negative aspects of its accession to the WTO. It shows the dynamics of Kazakhstan’s foreign trade turnover. In the course of the research, the authors have concluded that Russia and Belarus will benefit most from the economic activities of the Customs Union, as they are able to satisfy domestic demand need and come up with a surplus for export. By joining the WTO, Kazakhstan expects the trade preferences in international operations and the attraction of foreign investment. In our opinion, Kazakhstan needs, first of all, to develop its industrial production and agriculture, to increase the share of domestic consumption of national products. In the long term, it is expected that WTO membership will result in small business starting to compete with foreign companies.

  • Issue Year: 2015
  • Issue No: 9-10
  • Page Range: 28-31
  • Page Count: 4
  • Language: English