How Central Asian Countries Are Courting Western Trade and Investment

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 21 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 68%

Central Asia News

Russia,Trade,Investment

Central Asian states are easing trade barriers, a move that is worrying Russia and could boost Western trade and investment.

Central Asian states are knocking down trade barriers, addressing a prerequisite for the formation of a unified regional market. The recent diplomatic efforts appear to have caught the attention of the Kremlin, which worries that freer trade in Central Asia will facilitate the expansion of commercial networks bypassing Russia.

“We have come to a common conclusion that there should be no unresolved issues between our countries. Particular attention was paid to strengthening trade and economic ties,” Tokayev said. He added that “specific measures” are being implemented to facilitate trade, including the digitalization of customs operations at numerous Kazakh-Kyrgyz border crossings. The upgrades are expected to be completed by 2028.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines