Kazakhstan: The Goliath state
Kazakhstan is indeed a vast country. The 9th biggest country in the world with the territory of 2.7 mln sq km, which is actually bigger than the land of the whole of Western Europe. The prime location in Central Asia and borders with neighbouring countries such as Russia, Uzbekistan, Kyrgyzstan, China, certainly is an advantage for the regional logistics industry.
Kazakhstan and Uzbekistan currently aim to establish own duty-free zone area, which should increase the trade value up to 5billion USD. As a result, foreign trade turnover for the first quarter of 2018 will be increased up to 50% in comparison with the previous year. Cooperation with China also provides great economical and trade value for both countries.
Recently completed (2009) Jinghe–Yining–Khorgos 293 km railway connects Kazakhstan and China in Khorgas, which doesn’t have any analogue. ICBC Khorgos (International centre of cross border coop) was aimed to support and promote national Kazakh-Chinese economy within the “Silk Road Economic Belt” and “Nurly Zhol” (Bright way) programs The Kazakhstan territory abounds natural resources for Oil, Gas and Minerals.
Due to this, it is the wealthiest country in the Central Asian region. Eurasian Customs Union (EACU), simplifies the customs procedure. Open customs border does not apply charges for the internal goods import and export, therefore proving free trade area.
Union members have been obliged on united external fees on all goods entering the union. As an advantage Eurasian Union is represented as one entity in all international transactions, such as the World Trade Organization.