Asian efficiency11/29/2023 “This means our economies are forced to bear a transportation burden two to three times greater than that borne by developed countries.”Īs trade experts point out, for any item to get from Central Asia to an end-buyer outside the region, it needs to cross multiple tariff hurdles, piling on costs at every stage. “Taking into account the distance from main foreign markets, the proportion of outlays for transporting goods from our countries reaches 50 percent of the final cost of the product. That is while the global average does not exceed 11 percent,” he said. Uzbek President Shavkat Mirziyoyev put what is at stake in terms of the financial costs. “ to consider the possibility of launching a Central Asian transport and logistics platform, the main objective of which could be to … create transportation hubs in the region, form transit corridors and increase the efficiency of existing ones, and optimize and harmonize customs, migration and other procedures along international transport routes going through our states,” he said. Turkmenistan’s President Serdar Berdymukhamedov came to the meeting with a complementary proposal – one that has become something of an idée fixe for Ashgabat. “It is important to form an efficient network of regional supply chains,” said Kuantyrov, adding that there are 300 types of goods that Kazakhstan could be trading with its neighbors. As Kazakh National Economy Minister Alibek Kuantyrov said at the event, his country’s trade turnover with Central Asian countries in 2022 amounted to $7.9 billion, a 25 percent increase on the year before. “Our countries have a chance, in the near future, to increase mutual trade turnover to $15 billion.”Īnother set of figures mentioned earlier in the day, at an economic forum in Dushanbe, indicate that much of this traffic goes through Kazakhstan. ![]() Our countries have enormous potential to further develop trade,” Tokayev said. ![]() I am convinced that this is not the limit. ![]() “Over the past five years, intraregional trade turnover has grown by more than 80 percent, reaching $10.6 billion. A unified electronic database of commodity producers could serve as a resource for businesses looking to establish connections, find partners, and engage in cross-border trade, he argued. Tokayev’s notion is to build on the model of the Central Asia Gateway, a recently created online one-stop platform for entrepreneurs seeking guidance on the bureaucratic complications entailed in importing and exporting goods in the region. And so, creating a propitious environment for them must be a priority,” he told his colleagues, who this year also included a special guest, Azerbaijan’s President Ilham Aliyev. “The business communities of our countries should be the main drivers for increasing trade turnover. In his speech at the fifth heads of state consultative meeting on September 14, Kazakhstan’s President Kassym-Jomart Tokayev focused his thoughts on how to promote more trade. The ideas came thick and fast at the latest semi-formal get-together of Central Asian leaders, held this year in the capital of Tajikistan, Dushanbe. ![]() In the collective daydreams of Central Asian presidents, there is no end to the possibilities for regional integration. Say integration: The presidents of Central Asia and Azerbaijan posing for a photo ahead of a plenary session on September 14.
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