Trade Potential along Shymkent–Tashkent–Khujand
Description: Trade Potential along ShymkentTashkentKhujand Economic Corridor Roman Mogilevskii Regional Cooperation and Integration Unit Central and West Asia Department Asian Development Bank Regional Workshop on Next Steps in STKEC Development
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slide1. Trade Potential along Shymkent–Tashkent–Khujand Economic Corridor Roman Mogilevskii
Regional Cooperation and Integration Unit
Central and West Asia Department
Asian Development Bank Regional Workshop on Next Steps
in STKEC Development
Tashkent, 14 September 2023<br>
slide2. Recent Shocks and Policy Changes COVID-19 pandemic in 2020-2022 and post-pandemic recovery
Increased frequency and severity of climate-related shocks, e.g., the 2021 drought in Central Asia
Regime change in Afghanistan in 2021
The ongoing Russian invasion of Ukraine and its spillovers onto Central Asian economies
Full accession of Uzbekistan to CIS FTA in 2021<br>
slide3. Trends in Trade between STKEC Economies For 2018-2022, trade between Kazakhstan, Tajikistan and Uzbekistan increased by 72%
For the same period, their trade with the world increased by 47%
Actual trade grows faster than optimistic projections made in 2020<br>
slide4. Composition of Trade along the Corridor All three STKEC economies mostly export primary goods (crude oil, metals, ores and other raw materials) and import goods for final use (machinery, equipment, consumer goods etc.)
However, their trade with each
other is more complex and
advanced
Tourism and other trade in
services (e.g., construction)<br>
slide5. Barriers to Trade and Trade Development Agenda in STKEC Transport and border-crossing infrastructure, but also infrastructure for quality assurance
Imperfect business processes and governance issues
Trade diversion effects of regional agreements (e.g., EAEU)
Structural issues (asymmetrical trade flows, lacking economies of scale and market structures, lack of skilled personnel etc.)
High financing costs
Provision of regional public goods as key for trade development along STKEC (trade facilitation, joint labs, training centers etc.)<br>
slide6. Additional details:
ADB. 2021. Assessing the Potential of Trade along the Proposed Shymkent–Tashkent–Khujand Economic Corridor, https://www.adb.org/sites/default/files/publication/662076/potential-trade-shymkent-tashkent-khujand-corridor.pdf.
Thank you!<br>
Regional Cooperation and Integration Unit
Central and West Asia Department
Asian Development Bank Regional Workshop on Next Steps
in STKEC Development
Tashkent, 14 September 2023<br>
slide2. Recent Shocks and Policy Changes COVID-19 pandemic in 2020-2022 and post-pandemic recovery
Increased frequency and severity of climate-related shocks, e.g., the 2021 drought in Central Asia
Regime change in Afghanistan in 2021
The ongoing Russian invasion of Ukraine and its spillovers onto Central Asian economies
Full accession of Uzbekistan to CIS FTA in 2021<br>
slide3. Trends in Trade between STKEC Economies For 2018-2022, trade between Kazakhstan, Tajikistan and Uzbekistan increased by 72%
For the same period, their trade with the world increased by 47%
Actual trade grows faster than optimistic projections made in 2020<br>
slide4. Composition of Trade along the Corridor All three STKEC economies mostly export primary goods (crude oil, metals, ores and other raw materials) and import goods for final use (machinery, equipment, consumer goods etc.)
However, their trade with each
other is more complex and
advanced
Tourism and other trade in
services (e.g., construction)<br>
slide5. Barriers to Trade and Trade Development Agenda in STKEC Transport and border-crossing infrastructure, but also infrastructure for quality assurance
Imperfect business processes and governance issues
Trade diversion effects of regional agreements (e.g., EAEU)
Structural issues (asymmetrical trade flows, lacking economies of scale and market structures, lack of skilled personnel etc.)
High financing costs
Provision of regional public goods as key for trade development along STKEC (trade facilitation, joint labs, training centers etc.)<br>
slide6. Additional details:
ADB. 2021. Assessing the Potential of Trade along the Proposed Shymkent–Tashkent–Khujand Economic Corridor, https://www.adb.org/sites/default/files/publication/662076/potential-trade-shymkent-tashkent-khujand-corridor.pdf.
Thank you!<br>