NEWS

Trade turnover between Kazakhstan-Turkey rises to $1.5bn

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Turkey takes the third place as Kazakhstan’s foreign trade partner (6.5% of trade turnover). According to the State Revenue Committee of the Kazakh Ministry of Finance, 4.2% of Kazakhstan’s total imports, and 7.2% of its exports are accounted for this country. In the first quarter of this year Kazakhstan’s exports to Turkey reached $1,254.9mln and imports $236.3mln. Total foreign trade increased by $1bln. $885mln (70.7% of the total exports) were accounted for fuel and energy commodities, which were in great demand from Turkey in reported period. The second place was taken by metals and metallic items ($324mln or 25.9% of the total exports). Products of animal and vegetable origin, textile items, machine technology, chemical products were also exported by Turkey this year. Machine technology, instruments, and devices worth $62mln (26.2% of the total amount) were imported by Kazakhstan from Turkey. The second most imported commodities from Turkey in January – March are textile and textile items ($47.5mln or 20% of the total imports). Kazakhstan – Tukey trade turnover reached $803.1mln in the same period of last year (545.2mln exports and $257.8mln imports).

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Uzbekistan’s foreign trade turnover exceeds $17 billion in four months

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In January-April, the foreign trade turnover of Uzbekistan reached $17.2 billion. Compared with the corresponding period last year, the figure increased by $6.5 billion, the State Statistics Committee said. During the reporting period, the republic exported products ($6.2 billion) and services ($837 million) for a total of $7.1 billion. Imports, in the meantime, were recorded … Read more

New export conditions to Turkey for plant products to enter into force from 1 June

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The Moldovan authorities announced today new export conditions to Turkey for agricultural products of plant origin, the Ministry of Agriculture and Food Industry (MAIA) has reported. “Economic operators intending to export agricultural products of plant origin to Turkey from 1 June this year shall be required to present original phytosanitary certificates with a handwritten signature … Read more

Kazakhstan-Turkey trade turnover reaches $1.5bn

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Turkey is the third-largest country in Kazakhstan’s foreign trade turnover – 6.5%. The country accounts for 4.2% of Kazakhstan’s total imports, and 7.2% of its exports, Kazinform cites the State Revenue Committee of the Kazakh Ministry of Finance. Kazakhstan’s exports stood at $1,254.9mln and imports at $236.3mln to Turkey in the first quarter of this … Read more

Georgian domestic exports up 32.8% in January-April

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Geostat said local exports in the country had accounted for 76.1 percent of total exports in the reporting period, amounting to $1.27 billion, 37.1 percent higher compared to the same period of 2021. Photo: Nino Alavidze/Agenda.ge. Georgia has exported locally produced goods worth $1.58 billion between January-April, which is a 32.8 percent increase year-on-year, preliminary … Read more

Armenia’s economic activity index grows 9.4% in four months

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The economic activity index of Armenia increased 9.4% in January-April 2022 compared to the same period of the previous year, the Statistical Committee said. Industrial production volume increased 2.6% in January-April 2022 compared to January-April 2021. Construction volume increased 9%, and the increase in the trade turnover comprised 7.8% for the period of January-April 2022. … Read more

The increase of Trans-Caspian trade opportunities is explored by USAID.

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A study tour to Kazakhstan, Azerbaijan and Georgia aiming at finding opportunities to increase trade along the Trans-Caspian route is being held on May 16-24, 2022 by the U.S. Agency for International Development (USAID).
The great potential of this international transport corridor for trade and business development as an alternative means for transporting goods from Central Asia to Europe is obvious. According to the official website of the U.S. Embassy and Consulate in Kazakhstan, a great focus has been placed by Central Asian governments on increasing the transport of cargo via the Caspian Sea, as traders have growing difficulties in moving their goods through the current transit routes.
USAID’s Trade Central Asia activity is implementing this study tour in collaboration with the Transport Corridor Europe-Caucasus-Asia (TRACECA) and KazLogistics, the Union of Transport workers of Kazakhstan.
According to Robert Parker, USAID/Central Asia’s Regional Trade Officer, Trans-Caspian Corridor route can play an important role as a means to trade goods from Central Asia with Caucasus and European countries. The cooperation of these countries and decisions that will lead to an increase of regional trade and investments are welcome.
The Caspian Sea ports at Alyat and Kuryk, and the Batumi Port on the Black Sea are being visited by a delegation of over 40 customs representatives and staff of transport policy government agencies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, as well as by members of the Central Asia Transport and Logistics Partnership. Each port’s pricing policy is being studied, processes utilized are being reviewed, and digitization initiatives are being studied. It helps to develop recommendations for further simplifying procedures.
Representatives of national associations of road carriers, logistics companies and freight forwarders, seaports and shipping companies from Azerbaijan, Georgia and Central Asian nations, directly involved in international road transport will also join the tour. The organizers invited participants from Bulgaria and Turkey to familiarize them with the possibility of facilitating international road transport through their domestic territories.
At the same time, the shipping of pre-selected cargo along the proposed alternative route, from Central Asia through the port of Kuryk in Kazakhstan via Azerbaijan, Georgia to Turkey has been piloted by USAID, to identify the specific issues carriers may face when transiting these ports.
Improvement of region-wide trade connectivity and harmonization, economic growth’s acceleration and economic opportunity’s increase in Central Asia, through harmonizing customs and border procedures, increasing public-private dialogue on cross-border trade and investment, improving cross-border firm-to-firm connectivity, and addressing gender relevant trade issues is the goal of USAID’s Trade Central Asia activity.

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