International trade - The Times Of Central Asia

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International trade China Export/import Bilateral Trade State Budget CIS

Russia Remains Tajikistan’s Largest Trade Partner

Russian news agency TASS is reporting that, according to the Statistics Agency under the President of Tajikistan, trade between Tajikistan and Russia has exceeded $1.1 billion in 2024 so far. During the first seven months of 2024, the trade volume between the two countries was 12.1% more than in the same period of 2023. Russia continues to be Tajikistan’s largest trade partner, and also accounted for 26.7% of all imports entering the country during this period. In terms of bilateral trade, China remains in second place, with turnover to and from Tajikistan of almost $1 billion. Rather surprisingly, Switzerland has now became Tajikistan's leading export partner. In the first seven months of 2024, Tajikistan sent 26.6% of its products to Switzerland. In January-July of this year, the trade volume between the two countries amounted to more than $641 million, and compared to the same period in 2023, it increased almost 110 times.

Afghanistan Economy Taliban Bilateral Cooperation International trade

Uzbekistan and Afghanistan to Increase Trade Turnover to $3 Billion

The government portal of the Republic of Uzbekistan has reported that on August 17, a delegation led by the Prime Minister of the Republic of Uzbekistan, Abdulla Aripov, visited Afghanistan. President Mirziyoyev has previously stated that no positive result can be achieved without establishing an international dialogue with the current government in Afghanistan. In a special resolution of the United Nations General Assembly adopted in 2022 at Mirziyoyev's initiative, it was recognized that Afghanistan has a special place in establishing relations between Central Asia and South Asia. As the report states, Uzbekistan was one of the first to establish a constructive and mutually acceptable dialogue with the interim government of Afghanistan. During the meetings, the development of trade relations with Afghanistan, the promotion of effective cooperation in the field of energy to a new level, the implementation of joint development projects in copper, iron, oil and gas fields, transport and logistics, agriculture and water management, education, and further development of inter-regional relations were discussed. It was also noted that there are possibilities to increase mutual trade turnover to $1 billion this year, and to $3 billion shortly after. It was reported that agreements on the protection of bilateral investments and preferential trade would give great impetus to the further development of trade and economic cooperation. Former Minister of Foreign Affairs and Director of the Central Asia International Institute, Vladimir Norov, wrote on LinkedIn that 35 contracts with a total value of $2.5 billion were signed between the government of Uzbekistan and the Taliban. "They were signed yesterday in the presence of Taliban Deputy Prime Minister for Economic Affairs, Abdul-Ghani Baradar and Uzbek Prime Minister, Abdullah Aripov. Of these, 12 documents are investment documents worth $1.4 billion, and 13 are trade documents worth $1.1 billion. Uzbekistan will train 100 Afghan railway specialists and accept 500 Afghan students for a grant work that has begun to simplify the issuance of visas to Uzbekistan for Afghan students and businessmen," Norov wrote. One of the main announcements was the introduction of a Preferential Trade Agreement, which will come into effect on October 1, 2024. This agreement will eliminate import duties on 14 different products, simplify the process for exporters, and increase trade flow between the two countries. To further support cross-border trade, the Ayritom-Khayraton border post has switched to 24-hour working hours starting August 1, 2024. Previously, The Times of Central Asia reported that the Uzbek side has finished repairing the Naibabad railway station in Afghanistan.

Agricultural export Agricultural produce International trade

China Seeks to Import 20,000 Tons of Pork from Kazakhstan

Representatives of the Chinese Meat Association visited EMC Agro, one of the largest meat processing enterprises in Kazakhstan, with an interest in importing 20 thousand tons of pork per year. The Kazakh Ministry of Agriculture reported that during their tour of the facility in North Kazakhstan, the Chinese delegation witnessed the processing cycle from slaughter to packaging. Fully automated, the process complies with international sanitary and epidemiological standards, with quality control monitored around the clock by a laboratory equipped with German analysers. The produce is then frozen. Regarding the company’s readiness to supply China with 60% of its produce, EMC Agro head Erzhan Yeleubaev stated, “China has great demands. Supply volumes must be stable and raw materials must be safe. Our meat is of high quality, we have no doubt in our products, and we are ready for fruitful cooperation. The Chinese market is important for us.” The EMC Agro meat processing plant has a production capacity of 20,000 tons of meat per year and 30 tons of finished meat products per day. In February 2024, China finally cancelled the ban in place since 2022, on the import of meat imposed by concerns over foot-and-mouth disease in Kazakhstan.

business and economy International Cooperation e-Commerce International trade

Kazakhstan to House One of Central Asia’s Largest E-Commerce Distribution Centres

On July 1, Minister of Trade and Integration of Kazakhstan Arman Shakkaliev met Chairman of the Board and founder of China’s YTO Express Co., Yu Weijia, to discuss the construction of one of the largest e-commerce distribution centres in Central Asia. As reported by the Ministry of Trade and Integration, the introduction of intelligent IT solutions to fully automate logistics processes and provide customs support for deliveries, will enable the prompt processing of goods destined for European Union, Eurasian Economic Union and Central Asian countries. During the meeting, Minister Shakkaliev noted the rapid development of the e-commerce market in Kazakhstan, demonstrated by an annual growth rate exceeding 20%, and stated: “China's e-commerce market is astonishing in terms of volume, where more than 70 percent of sales are made online. Kazakhstan, with its favorable geographical location, aims to become a key transit zone for international e-commerce. The joint project with Kazpost to establish a distribution centre in Kazakhstan will give a new impetus to the development of cross-border trade.” Emphasizing the project's unique status in Central Asia, Yu Weijia remarked, “This is a long-term project that will strengthen mutually beneficial and productive cooperation between the two countries. As part of this cooperation, we opened 3 bonded warehouses in China: in Shanghai, Nanjing and Wuhan. This project is the only one in Central Asia that will cover the whole region.”

Eurasian Transport Network International trade business and economy Transport cooperation Eurasian Development Bank (EDB)

New Report Analyses Eurasian Transport Network

On 27 June, the Eurasian Development Bank (EDB) released a report titled “The Eurasian Transport Network”. The report introduces a new conceptual approach to future developments within the Eurasian Transport Network and outlines key projects and initiatives aimed at improving transport connectivity in Eurasia. The Eurasian Transport Network is a system of interconnected latitudinal and longitudinal international transport corridors and routes, facilitating intra- and trans-continental connectivity for Eurasian countries. It builds upon over 50,000 km of international east-west and north-south transport corridors, linking Asia, Europe, and the Middle East. The Eurasian Transport Network consists of five key international transport corridors: the Northern, Central and Southern Eurasian Corridors, TRACECA, and the International North-South Transport Corridor (INSTC), along with branch lines and regional routes. According to EDB analysts, in 2023, international freight traffic along these five corridors of the Eurasian Transport Network totaled 260 million tons, including 3.6 million 20-foot containers (TEU). Compared to 2013, the volume of international container traffic has more than tripled. The most dynamic growth has been driven by foreign trade and transit container transit with China. Since 2013, the number of container trains to and from China via the Eurasian Economic Union countries and Central Asia has increased by a factor of 200. The EDB introduced the concept of a Eurasian Transport Network in 2021, and this report presents its detailed framework. Three years ago, the EDB released a report titled “The International North–South Transport Corridor: Promoting Eurasia’s Intra- and Transcontinental Connectivity”, which estimated that connecting international transport corridors would yield a 40% increase in freight traffic. In 2024, this projection was fully confirmed by the dynamic development of the INSTC and its linkage to TRACECA. The advancement of the Eurasian Transport Network is paving the way for the establishment of a transport hub in Central Asia. The development of multimodal transport and transit corridors is the only viable solution for Central Asian countries due to the significant distances between trade partners. Establishing a transport hub will facilitate an increase in international traffic, including transit. The EDB projects that freight traffic along the three main corridors running through Central Asia will increase by 1.5 times to 95 million tons by 2030. Container traffic is expected to grow even more rapidly, by almost two-thirds, reaching 1.7 million TEU. Evgeny Vinokurov, EDB Chief Economist, underlines that “at present, transportation costs for landlocked countries are 1.4 times higher than for coastal states. Even during the time of the Silk Road, trade routes in Central Asia were predominantly latitudinal, in the east-west direction. Building new north-south transportation links is a historic opportunity for Central Asia. This is an opportunity to become the continent’s transport hub, unlock new production niches and improve conditions for foreign trade, especially with West and South Asia.” The EDB concludes that given the limited investment opportunities facing most developing countries in Eurasia, a key area of cooperation to develop transport links in Eurasia is boosting the number of projects attractive to international development banks and private investors. This includes projects implemented...

International trade business and economy International investment International Cooperation

Kyrgyz-Chinese Trade and Economic Cooperation Centre Opens in Urumqi

On June 26, Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Bakyt Torobaev attended the official opening of the Kyrgyz-Chinese (XUAR) Trade and Economic Cooperation Centre in Urumqi, in China’s northwestern Xinjiang Uygur Autonomous Region (XUAR). Established with authorization from the Trade Mission under the Ministry of Economy and Commerce of the Kyrgyz Republic in China, the centre occupies an area of over 400 square metres in the Xing Long Industrial Park, owned by Xing Long Corporation of Xinjiang. The main remit of the centre is to serve as a platform for negotiations between Kyrgyz and Chinese businesses through thematic meetings, events, presentations of projects, as well as the provision of up-to-date information on investment and opportunities for cooperation on joint projects in Kyrgyzstan. The Xing Long Corporation of Xinjiang earlier expressed interest in developing an industrial park in Kyrgyzstan to attract business from Chinese companies.