Kyrgyzstan increases export to EEU countries
Baku, Azerbaijan, April 17
By Ali Mustafayev – Trend:
Kyrgyzstan has increased its exports to the countries of the Eurasian Economic Union (EEU) in 2017, the Prime Minister of Kyrgyzstan Sapar Isakov said at the meeting of the Kyrgyz parliament, the press service of the Kyrgyz government said in a message.
"I would like to note the growth of foreign trade turnover of Kyrgyzstan by 12.5 percent in 2017, to $6.3 billion, as well as the positive dynamics in foreign trade with our partners in the Eurasian economic space. In 2017 exports to the EEU countries increased by 27 percent, while exports to the third countries increased by 8.6 percent," said Isakov.
Foreign trade indicators in Kyrgyzstan show a positive effect of government’s financial support to domestic producers and fiscal stimulation of enterprises focused on exports, he said.
The agreement on the accession of Kyrgyzstan to the Eurasian Economic Union entered into force on 12 August, 2015.
The accession of Kyrgyzstan to the EEU was the result of joint work of several countries on integration convergence. In 2014, Kyrgyzstan implemented road maps for its accession to the Eurasian integration project, which contributed to the adaptation of the country's economy to the legislation and practices of the EEU.
The accession to the EEU opened new prospects for Kyrgyzstan, removing the barriers to the movement of goods, services, capital and labor with a number of countries.