Business in the Kyrgyz Republic

The objectives of the subject “Foreign Trade and Business in the Kyrgyz Republic” are the following:

1. To analyze the Kyrgyz Economy and Foreign Trade;
2. To know the business opportunities in the Kyrgyz Republic;
3. To explore the Kyrgyz trade relations with the country of the student;
4. To know the Kyrgyz Trade Agreements;
5. To examine the profile of Kyrgyz companies;
6. To develop a business plan for the Kyrgyz market.

The Subject “Foreign Trade and Business in Kyrgyzstan” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): Islamic Business, Asian Business, World Trade.

Learning materials in ( Kyrgyzstán Kirghizistan).

1. Credits of the subject “Foreign Trade and Business in Kyrgyzstan”: 1 ;
2. Duration: one week.

1. Almaty-Bishkek Economic Corridor;
2. Kyrgyzstan-Tajikistan-Afghanistan-Iran Transport Corridor (KTAI-ECO);
3. Eurasian Land Transport Initiative (Silk Road);
4. International North-South Transport Corridor (India-Russia);
5. Transport Corridor Europe-Caucasus-Asia (TRACECA);
6. Trans-Caspian Trade and Transit Corridor (Central Corridor);
7. China-Central Asia-West Asia Economic Corridor;
8. Access to the:
   1. Islamabad-Tehran-Istanbul Rail and Road Corridor (ITI-ECO);
   2. India-Chabahar (Iran)-Afghanistan Economic Corridor;
   3. China-Pakistan Economic Corridor;

Kyrgyz Preferential Access and Free Trade Agreements:

1. Kyrgyzstan and the Central Eurasian Economic Area;
2. Eurasian Economic Union (EAEU)
   1. Eurasian Economic Union (EAEU)-Vietnam Free Trade Agreement (FTA).
3. Commonwealth of Independent States (CIS);
4. Economic Cooperation Organization (ECO);
5. Shanghai Cooperation Organization (SCO);
6. Cooperation Council of Turkic Speaking States (Түрк кеңеш);
7. Central Asia Regional Economic Cooperation (CAREC) Programme;
8. Agreement on trade and economic cooperation between the Kyrgyz Republic and Pakistan;
9. Kyrgyzstan-Russian Federation Free Trade Agreement;
10. Kyrgyzstan-Armenia Free Trade Agreement;
11. Kyrgyzstan-Kazakhstan Free Trade Agreement;
12. Kyrgyzstan-Moldova Free Trade Agreement;
13. Kyrgyzstan-Ukraine Free Trade Agreement;
14. Kyrgyzstan-Uzbekistan Free Trade Agreement;
15. Trade Preferential System among the Member States of the Organization of Islamic Cooperation (TPS-OIC);
16. Most-favoured-nation treatment regime.

Trade Facilitation Programs.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
4. Organization for Cooperation between Railways (OSJD);
5. International Bureau of Containers and Intermodal Transport (BIC);
6. International Civil Aviation Organization (ICAO, Chicago Convention);
7. International Maritime Organization (IMO)
   1. Customs Convention on Containers (CCC, UN);
   2. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.
8. International Road Transport Union (IRU)
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
9. Iran-Pakistan-Turkey Transit Transport Framework Agreement (TTFA).

Islamic Organizations. Kyrgyzstan is a member of:

1. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Islamic Centre for Development of Trade (ICDT);
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
2. Islamic Development Bank (IsDB);
3. Arab Development Funds;
4. Asia-Middle East Dialogue (AMED);
5. Member of the Central Asia-South Asia Regional Electricity Market (CASAREM) with Afghanistan, Kyrgyzstan, Pakistan, and Tajikistan.

Asian Trade and Economic Organizations:

1. Economic and Social Commission for Asia and the Pacific (ESCAP);
2. Asian Development Bank (ADB);
3. Asia Cooperation Dialogue (ACD);
4. Africa-Asia Strategic Partnership.

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Trade Organization (WTO);
3. Organization for Security and Cooperation in Europe (OSCE);
4. United Nations (UN);
5. World Bank (WB);
6. World Trade Organization (WTO);
7. International Monetary Fund (IMF).

Kyrgyzstan was a member of the Eurasian Economic Community (EurAsEC) - Succeeded by the Eurasian Economic Union (EAEU).

The Kyrgyz Republic

1. Kyrgyzstan has a strategic position (trans-shipment, the Silk Way) between Europe and Asia;
2. Kyrgyz Population: 5.6 million people;
3. Literacy rate: 98%;
4. Capital of Kyrgyzstan: Bishkek;
5. Official language of Kyrgyzstan: Kyrgyz language (based on the Cyrillic alphabet);
6. Russian is also spoken in the Kyrgyz Republic;
7. Kyrgyz Area: 199,951 square kilometers;
8. Borders of the Kyrgyz Republic: China, Kazakhstan, Tajikistan, and Uzbekistan;
9. Kyrgyz independence: 1991 (from the Soviet Union).

Kyrgyzstan belongs to the Central Eurasian Economic Area (Islamic Civilization).

1. The Kyrgyz Republic belongs to Sunni-Turkic cultural area of the Islamic Civilization.

Main religion in Kyrgyzstan:

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

Economy of the Kyrgyz Republic.

1. Kyrgyzstan has a huge natural resources reserves and fresh water;
2. Top sectors of the Kyrgyz economy are hydro-power, mining, agriculture, tourism, food processing industry, and building materials;
3. The main Kyrgyz mineral resources are gold, tungsten, aluminum, and coal;
4. Kyrgyz food processing industry (10,000 companies): sugar, fruits, milk, and cereals;
5. Kyrgyz exports: precious metals, electricity, agricultural products, industrial goods, food processing products, and textile;
6. Kyrgyzstan has a liberal trade regime;
7. FDI growth in Kyrgyzstan: 27%;
8. Strong economic cooperation with Pakistan;
9. Five Free Economic Zones in Bishkek (2), Naryn, Karakol, and Maimak;
10. Jalalabad oblast: significant industry, mineral resources, agriculture, and tourism;
11. Access to the Eurasian Land Transport Initiative.

(c) EENI Global Business School (1995-2023)
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