Kyrgyzstan's GDP in the structure of the EAEC will grow by 25%, predict Russian experts

Almaty. May 13. Silkroadnews - Kyrgyzstan's GDP will grow by 25% in the structure of the EAEC, reported KyrTAG referring to the deputy chairman of the Committee on Science and High Technology of the State Duma of the Russian Federation Alexey Chepa.
"Kyrgyzstan's entry into the EAEC will help to improve the production and export of agricultural and textile products, and will create conditions for the growth of the GDP by 20-25% in the foreseeable future", - said A. Chepa at the business forum "Business and EAEC: Challenges and Prospects" on Wednesday.
According to him, the integration will lead to GDP growth of all members of the EAEC. So, he said, for example, in Belarus, in 2030 GDP will grow by 3.2 times in comparison with 2011, while without integration it would grow only by 1.7 times. Also, GDP will grow in Russia and Kazakhstan. Economic growth will occur not only due to increased ties, but also due to the gradual harmonization of technical base, uniform requirements of the technological base, as well as the distribution of income through cooperative ties.
"Also, it will give additional conditions for investment and increase revenue to the state budget. Only from the collection of customs duties and other fees and charges the budget will rise, as estimated, by 1.5 times", - he added.