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
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
The volume of trade operations in Azerbaijan in April amounted to $4 billion 955.4 million. According to the State Customs Committee, import operations totaled $1 billion 113 million, while export transactions amounted to $3 billion 842.4 million. Source Link
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
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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The State Statistics Committee has named major trade partners of Uzbekistan for January-March 2022. According to the committee, China had the highest share in Uzbekistan’s exports during the reporting period ($526 million), followed by Russia ($485 million) and Turkey ($381 million). The TOP-10 also included Kazakhstan ($231), Kyrgyzstan ($183), Afghanistan ($171 million), Tajikistan ($103 million), … Read more
In March 2022, Ukraine’s exports reduced by 57.9% compared to February 2022, imports – by 75.8%. The relevant statement was made by the Ukrainian State Statistics Service, an Ukrinform correspondent reports. “In March 2022, compared to February 2022, the seasonally adjusted export volumes reduced by 57.9%, import volumes – by 75.8%. The seasonally adjusted foreign … Read more
The Serbian economy is projected to expand by 3.4 percent this year and by 3.8 percent in 2023, compaed to the strong rebound of 7.4 percent in 2021, the European Commission said on Monday in its Spring 2022 Economic Forecast. “Growth is expected to be mainly driven by private consumption and investment, but dampened by … Read more
The sunflower oil has been included in the list of essential products. Thus, the sum of the trade markup at the vegetable oil will be limited and the increase in prices will be diminished. Prime Minister Natalia Gavrilita made statements to this effect at a news conference after the cabinet meeting today. „The refined sunflower … Read more
The U.S. Agency for International Development (USAID) is conducting a study tour to Kazakhstan, Azerbaijan and Georgia, to find opportunities to increase trade along the Trans-Caspian route on May 16-24, 2022. This international transport corridor is an alternative means for transporting goods from Central Asia to Europe, having great potential for trade and business development. … Read more