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Kyrgyzstan - Latest News/Current Events, Economic Overview & Trade Relations

AEI | Quick Facts about Kyrgyzstan

Official Name Kyrgyz Republic
Capital Bishkek
Location Central Asia, west of China
Area total: 198,500 sq km land: 191,300 sq km water: 7,200 sq km
Climate dry continental to polar in high Tien Shan; subtropical in southwest (Fergana Valley); temperate in northern foothill zone
Terrain peaks of Tien Shan and associated valleys and basins encompass entire nation
Kyrgyzstan
Kyrgyzstan

Kyrgyzstan Constituents Visits Japan

Recently Kyrgyz companies as follows Akun, CardEx, Tumar Art Group and Studio of Tatyana Vorotnikova arrived in Tokyo to study Japanese experience and meet with potential business partners.

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Kyrgyzstan

Industrial Output Down 25 Percent

The latest report from the National Statistics Committee shows that the industrial production sector in Kyrgyzstan is crashing.

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Kyrgyzstan

Muddied Look to Kyrgyz Power Deal

Russia looks to inject large amounts of money into Kyrgyzstan's power industry to relieve the energy shortages that constantly mars the Central Asian state.

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Kyrgyzstan

Korea to Plan Kyrgyzstan State IT Net

Korea shall assist Kyrgyzstan in setting up an e-government system to increase the country's administrative efficiency and business environment

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Kyrgyzstan

Kyrgyzstan: to Give, it Seems the Kremlin Must First Take Away

In order to fill a promise to Kyrgyzstan, Russia's Kremlin is looking to take away $2 billion from an anonymous ally.

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Kyrgyzstan

Japanese, Kyrgyz Business People Meet in Bishkek

During a Kyrgyz-Japanese business forum held in February, participants stated that there is potential for trade and economic relations that has not been fully exploited.

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Trade Agreements

Armenia - Kyrgyz Free Trade Agreement

http://www.worldtradelaw.net/fta/agreements/kyrarmfta.pdf

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CISFTA - Commonwealth of Independent States FTA

Never fully implemented by all members, although Free Trade Area was created in 1999; future prospects unclear. http://www.worldtradelaw.net/fta/agreements/cisfta.pdf

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Eurasian Economic Community Customs Union

The EAEC attempts substantial integration in post-soviet nations. It arose out of the CIS customs union as all the members were CIS members. The agreement strives to create a common market, customs union, standardized currency exchange, develop programs for social and economic development, a general energy market and several equal rights for citizens, including health care. The EAEC consists of an intergovernmental council, Secretariat, Commission of the Permanent Representatives, Interstate parliamentary assembly, Law Court, and Integration Committee. http://secretariat.efta.int/Web/ExternalRelations/PartnerCountries/Singapore

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Kyrgyzstan - Kazakhstan Free Trade Agreement

http://www.worldtradelaw.net/fta/agreements/kyrmolfta.pdf

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Kyrgyzstan - Moldova Free Trade Agreement

Moldova, Republic OfMoldova, Republic Of

http://www.worldtradelaw.net/fta/agreements/kyrmolfta.pdf

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Kyrgyzstan - Russia Free Trade Agreement

http://www.worldtradelaw.net/fta/agreements/kyrrusfta.pdf

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Kyrgyzstan - Ukraine Free Trade Agreement

UkraineUkraine

http://www.worldtradelaw.net/fta/agreements/kyrukrfta.pdf

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Kyrgyzstan - Uzbekistan Free Trade Agreement

http://www.worldtradelaw.net/fta/agreements/kyruzbfta.pdf

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US - Central Asian TIFA

The US-Central Asian TIFA will allow member countries to address trade issues and promote US trade and investment to Central Asia.  It will open up a market of 55.9 million consumers to the United States. A Council was created with the agreement to promote an ongoing dialogue and open forum for countries improve trade relations.http://www.ustr.gov/assets/Trade_Agreements/TIFA/asset_upload_file683_7722.pdf

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Trade Organizations

Economic Cooperation Organization (ECO)

The Economic Cooperation Organization (ECO) is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The nations involved are Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.

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Eurasian Economic Community (EuAsEC or EAEC)

The Eurasian Economic Community (EuAsEC or EAEC) is an intergovernmental organization of 6 nations and is also part of the CIS Customs Union. All members are also members of the older Commonwealth of Independent States.

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