Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia
The study of cooperation between Central Asian countries in foreign trade is topical due to the role of foreign trade as an important factor in the economic growth of Tajikistan, Uzbekistan, Kazakhstan, Turkmenistan and Kyrgyzstan. Foreign trade is an important tool of the Central Asian countries’ i...
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| Format: | Article |
| Language: | English |
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President of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of Management
2019-12-01
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| Series: | Евразийская интеграция: экономика, право, политика |
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| Online Access: | https://www.eijournal.ru/jour/article/view/252 |
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| _version_ | 1849319118074806272 |
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| author | Wei Tong T. B. Urzhumtseva |
| author_facet | Wei Tong T. B. Urzhumtseva |
| author_sort | Wei Tong |
| collection | DOAJ |
| description | The study of cooperation between Central Asian countries in foreign trade is topical due to the role of foreign trade as an important factor in the economic growth of Tajikistan, Uzbekistan, Kazakhstan, Turkmenistan and Kyrgyzstan. Foreign trade is an important tool of the Central Asian countries’ integration into the world economy and is of key importance for the future development of the national economies of all countries. The article analyzes the volume of Central Asian countries’ foreign trade for the period 2000–2016, the economic impact of foreign trade on their development. Despite the entry into force of the EAEU customs code, one of the objectives of which was to strengthen the foundations of the common commodity market, the share of EAEU foreign trade currently significantly exceeds the share of domestic trade, which is a weak point in the process of domestic economic integration. The challenge is still to reduce the region's dependence on the international market. |
| format | Article |
| id | doaj-art-adf1f5f88942480a9b0f7352ba941606 |
| institution | Kabale University |
| issn | 2073-2929 |
| language | English |
| publishDate | 2019-12-01 |
| publisher | President of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of Management |
| record_format | Article |
| series | Евразийская интеграция: экономика, право, политика |
| spelling | doaj-art-adf1f5f88942480a9b0f7352ba9416062025-08-20T03:50:38ZengPresident of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of ManagementЕвразийская интеграция: экономика, право, политика2073-29292019-12-01046267248Analysis of Foreign Trade and Its Economic Impact on the Countries of Central AsiaWei Tong0T. B. Urzhumtseva1East Europe and Central Asia Institute of Central University of Finance and EconomicsSt. Petersburg State University of EconomicsThe study of cooperation between Central Asian countries in foreign trade is topical due to the role of foreign trade as an important factor in the economic growth of Tajikistan, Uzbekistan, Kazakhstan, Turkmenistan and Kyrgyzstan. Foreign trade is an important tool of the Central Asian countries’ integration into the world economy and is of key importance for the future development of the national economies of all countries. The article analyzes the volume of Central Asian countries’ foreign trade for the period 2000–2016, the economic impact of foreign trade on their development. Despite the entry into force of the EAEU customs code, one of the objectives of which was to strengthen the foundations of the common commodity market, the share of EAEU foreign trade currently significantly exceeds the share of domestic trade, which is a weak point in the process of domestic economic integration. The challenge is still to reduce the region's dependence on the international market.https://www.eijournal.ru/jour/article/view/252foreign tradeeconomic cooperationcentral asiaeconomic growthexportexternal dependence |
| spellingShingle | Wei Tong T. B. Urzhumtseva Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia Евразийская интеграция: экономика, право, политика foreign trade economic cooperation central asia economic growth export external dependence |
| title | Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia |
| title_full | Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia |
| title_fullStr | Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia |
| title_full_unstemmed | Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia |
| title_short | Analysis of Foreign Trade and Its Economic Impact on the Countries of Central Asia |
| title_sort | analysis of foreign trade and its economic impact on the countries of central asia |
| topic | foreign trade economic cooperation central asia economic growth export external dependence |
| url | https://www.eijournal.ru/jour/article/view/252 |
| work_keys_str_mv | AT weitong analysisofforeigntradeanditseconomicimpactonthecountriesofcentralasia AT tburzhumtseva analysisofforeigntradeanditseconomicimpactonthecountriesofcentralasia |