By Riva Froymovich
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Kazakhstan's customs union with Russia, which will go into effect at the start of 2010, will offer companies access to Russia through Kazakhstan, said Nurbek Rayev, vice minister of industry and trade.
This creates a "favorable situation" for Kazakhstan, said Rayev.
"The government is ready to provide extraordinary support measures to investors" to benefit from this situation, he added.
The union will allow workers and goods to pass through Russia and Kazakhstan's border without any border controls, similar to travel between member countries of the European Union. The government has also established several tax-free zones.
-By Riva Froymovich, Dow Jones Newswires; 212-416-2217; riva.froymovich@dowjones.com
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Source:easybourse.com
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