Doing Business in the Kyrgyz Republic

Subject (Course): International Trade and Business in Kyrgyzstan - Bishkek. Syllabus:

1. Introduction to the Kyrgyz Republic (Kyrgyzstan) - Central Asia
2. Kyrgyz economy
3. Business in Bishkek.
4. Economic Profile of the Kyrgyzstan regions
5. Banking System
6. Foreign Trade of the Kyrgyz Republic. Custom regulations
7. Foreign Direct Investment (FDI)
8. Reasons for Invest in Kyrgyzstan
9. Business Opportunities in the Kyrgyz Republic
   - Tourism
   - Light industry
   - Agro-industrial sector
   - Transport
   - Mining
   - Electric-power industry
10. Case Study: Kumtor Gold (33% of the Kyrgyz export of goods and services)
11. Access to the Kyrgyz market
12. Business Plan for Kyrgyzstan

Objectives of the subject “Doing Business in the Kyrgyz Republic”:

1. To analyse the Kyrgyz economy and foreign trade
2. To evaluate business opportunities in the Kyrgyz Republic
3. To explore Kyrgyzstan's trade relations with the student's country
4. To know Kyrgyzstan's Free Trade Agreements (FTAs)
5. To examine the profile of Kyrgyz companies
6. To develop a business plan for the Kyrgyz market

Sample of the subject - Doing Business in Kyrgyzstan:

Subject Description (Doing Business in Kyrgyzstan).

The Kyrgyz Republic: the Central Asian Trade Oasis.

1. Kyrgyzstan as a strategic position (trans-shipment, the Silk Way) between Europe and Asia
2. Kyrgyz Population: 5.6 millions of people
3. Literacy rate: 98%.
4. The capital of Kyrgyzstan: Bishkek
5. The official language: Kyrgyz language (based on the Cyrillic alphabet).
6. Russian is also spoken in the Kyrgyz Republic
7. Area: 199,951 square kilometres
8. Borders of the Kyrgyz Republic: China, Kazakhstan, Tajikistan, and Uzbekistan
9. Kyrgyz independence: 1991 (from the Soviet Union)
10. The Kyrgyz Republic belongs to the Sunni-Turkic cultural area of the Islamic Civilisation.

The main religion in Kyrgyzstan:

1. Islam (80% of the population).
2. Orthodox: 20%.

Kyrgyzstan belongs to the Central Eurasian Economic Area of the Islamic Civilisation.

The economy of the Kyrgyz Republic.

1. Huge reserves of natural resources and fresh water
2. Top sectors of the Kyrgyz economy: hydro-power, mining, agriculture, tourism, food processing industry, and building materials
3. Mineral resources: gold, tungsten, aluminium, and coal
4. Kyrgyz food processing industry (10,000 companies): sugar, fruits, milk, and cereals
5. Kyrgyz export: precious metals, electricity, agricultural products, industrial goods, food processing products, and textile
6. Liberal trade regime
7. FDI growth: 27%.
8. Strong economic cooperation with Pakistan
9. Five Free Economic Zones in Bishkek (2), Naryn, Karakol, and Maimak
10. Jalalabad oblast: strong industry, mineral resources, agriculture, and tourism

The Kyrgyz Republic has Preferential Access and Free Trade Agreements:

1. Agreement on trade and economic cooperation between the Kyrgyz Republic and the Islamic Republic of Pakistan
2. Free Trade Agreements (FTA) with Armenia, Kazakhstan, Moldova, the Russian Federation, Ukraine, and Uzbekistan
3. Commonwealth of Independent States (CIS)
4. Economic Cooperation Organisation (ECO)
5. Shanghai Cooperation Organisation (SCO)
6. Eurasian Economic Union (EEU)
7. Eurasian Economic Community (EurAsEC)
8. Most favoured nation treatment regime

Kyrgyzstan is a member of:

1. Cooperation Council of Turkic Speaking States (Түрк кеңеш)
2. Central Asia Regional Economic Cooperation (CAREC) Programme
3. Organisation of Islamic Cooperation (OIC)
4. Islamic Development Bank
5. United Nations Organisation (UN)
6. World Trade Organisation (WTO)
7. Organisation for security and cooperation in Europe (OSCE)
8.  Economic Social Commission Asia-Pacific (ESCAP)
9. Asian Development Bank
10. Member of the Central Asia-South Asia Regional Electricity Market (CASAREM) with Afghanistan, Kyrgyzstan, Pakistan, and Tajikistan