Publications
Working Papers
Author Kodirjon Maxamadaminovich Umarkulov Series 18-05 Language English Date 2018.11.12
At the current stage of globalization, Central Asia (CA) is becoming a focal point for the political and economic interests of global forces because of its rich natural resources and critical strategic position. From this point of view, the CA countries need to form a joint development strategy for solving regional problems and a strong mechanism for countering the main political and economic conflicts in the region. At the same time, the countries of the region need to choose the path of joint development in order to increase the efficiency of their internal capacities and resources, adapt the domestic social and economic infrastructure to modern requirements and improve the living standards of the population.
This is directly related to the progress of regional economic integration in CA. Through this integration, the economies of the countries in the region could complement each other and ensure a high level of development in mutual trade and industrial development.
However, there are some obstacles and problems hindering the development of economic integration in the region. Most particularly, the weak infrastructure in the region, its economic-geographical isolation from world markets, administrative barriers and political instability hinder trade between the countries of CA.
From this point of view, this study focuses on the problems of general and cross-border trade in CA countries, and the opportunities for economic integration in the region.
Keywords: Foreign Trade, Export, Import, Central Asia, Mutual Trade, Economic Integration
JEL Classification: F50, F63, R11
Executive Summary
1. Introduction
2. A Retrospective Analysis of the Processes of Regional Economic Integration in CA
3. Dynamics of Foreign Trade of CA Countries
3-1. General Foreign Trade
3-2. Mutual Trade
4. The Role of CA Countries in International Organizations
5. Conclusion
Appendix
References
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