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Customs Union and Kazakhstan's ImportsAlexander PlekhanovEuropean Bank for Reconstruction and Development (EBRD) Asel IsakovaEuropean Bank for Reconstruction and Development (EBRD); Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) July 1, 2012 CASE Network Studies and Analyses No. 422 Abstract: The paper provides an empirical analysis of the early impact of formation of the customs union of Belarus, Kazakhstan and Russia and associated changes in imports schedule on the structure of Kazakhstan’s imports. Trade creation effects appear to have been insignificant. At the same time the change in tariffs appears to have created some trade diversion, with a significantly negative impact on imports from China in particular and a significantly positive impact on imports from within the customs union. The magnitude this effect is relatively small, however. The results tentatively suggest that the benefits of the new tariff policy per se to Kazakhstan are limited at best. Larger benefits could come from gradual liberalization of services sectors and market access within the economic union.
Number of Pages in PDF File: 28 Keywords: customs union, imports, exports, tariffs, regional integration JEL Classification: F14, F15 working papers seriesDate posted: July 30, 2012Suggested CitationContact Information
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