Course summary: trade and business in Central Asia Countries
The Economic Cooperation Organization (ECO) region
involves 10
Central Asian economies:
Islamic State of Afghanistan, Azerbaijan Republic, Islamic Republic of Iran,
Republic of Kazakhstan, Kyrgyz Republic, Islamic Republic of Pakistan, Republic of Tajikistan, Republic of Turkey, Turkmenistan and Republic of Uzbekistan.
Example of the course doing business in Central Asia Countries
The Islamic Republic of Afghanistan is an poor and landlocked nation, highly dependent on farming, handicrafts and livestock raising. Gross domestic product
of the Islamic Republic of Afghanistan has fallen substantially over the past 20 years because of the loss of labor and capital and the
interruption of
International trade and
transport.
The Republic of Kazakhstan is the 2th biggest states of the former
Union of Soviet Socialist Republics. The Republic of Kazakhstan
haves immense untapped fossil-fuel reserves and other minerals and metals. Kazakhstan also has
significant agricultural potential with its immense steppe lands. The industrial sector
of the Republic of Kazakhstan remains on the extraction and processing of natural resources.
Kyrgyz Republic. The people of the Kyrgyz Republic have usually
elevated livestock and occupied in farming. Cotton, wool, and meat are the main agricultural export products.
Other important resources are: coal, nonferrous metals, antimony and mercury ores. Gold mining has augmented in
magnitude. Hydroelectric power provides
3/4 of the electric energy
of the Kyrgyz Republic.
Republic of Tajikistan. The Tajik economy has been gravely weakened by the civil war
(1992-97).
Owing to that, Republic of Tajikistan has shown the next-to-lowest per capita
Gross domestic product (GDP) in the former
Union of Soviet Socialist Republics
and an extremely low standard of living. Agriculture is the foundation of the
economy of the Republic of Tajikistan, with cotton being the most important
crop.
The main economic sector of Turkmenistan is: cotton cultivation, oil and natural gas extraction. Turkmenistan the 10th world cotton producer. Turkmenistan takes the 4th place in the world for gas resources and has
significant oil reserves.
The Republic of Uzbekistan is one of the leading world producers of cotton.
the Republic of Uzbekistan occupies the 4th place in the world by producing cotton fiber and the 2nd place by its export. Uzbekistan
exports a large volume of natural gas.
Eurasian Economic Community (EurAsEC)
