Business in the Kyrgyz Republic, Bishkek

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

1. To analyse the Kyrgyz Economy and Foreign Trade (Import, Export, FDI)
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

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
   4. International Transport and Transit Corridor of the Ashgabat Agreement (not member)

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 Organisation (ECO)
5. Shanghai Cooperation Organisation (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 Organisation of Islamic Cooperation (TPS-OIC)
16. Most-favoured-nation treatment regime

Trade Facilitation Programs

1. World Trade Organisation (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 Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE)
4. Organisation for Cooperation between Railways (OSJD)
5. International Bureau of Containers and Intermodal Transport (BIC)
6. International Civil Aviation Organisation (ICAO, Chicago Convention)
7. International Maritime Organisation (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 Organisations. Kyrgyzstan is a member of:

1. Organisation of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organisation 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 Organisations

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 Organisations

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)
2. World Trade Organisation (WTO)
3. Organisation for Security and Cooperation in Europe (OSCE)
4. United Nations (UN)
5. World Bank (WB)
6. World Trade Organisation (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 kilometres
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 Civilisation).

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

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, aluminium, 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