Obviously, the first steps of Sooronbai Jeenbekov as head of
Candidate of Economic Sciences, Associate Professor at the Department of Economic Theory of the
In her opinion, the two countries have new opportunities to strengthen trade and economic relations.
Why Moscow became the first
During the working trip to
We should pay attention to the fact that this is the first foreign visit of Jeenbekov. This indicates the outlined priorities of the republic in favor of further cooperation with Russia as the main political and economic partner on many strategic issues.Ekaterina Novikova
«Sooronbai Jeenbekov officially took up the post on November 24 and five days later he left for
As it always happens, there are high hopes for the new president of
Speaking about trade and economic cooperation between Russia and Kyrgyzstan, it can not but pleases by the increased number of joint investment projects, bilateral agreements in various sectors of the economy, increased volume of trade turnover, and various types of products supplied to each other.Ekaterina Novikova
All this became possible thanks to the great and patient work of the leadership of the two countries. Here it is worth mentioning the significant role that
Over 25 years, more than 300 agreements and treaties between
Kyrgyzstan — Russia. What has been traded
According to the Federal Customs Service of Russia, in 2016 the bilateral turnover of countries amounted to $ 1,196 billion (12.9 percent less compared to 2015), while Russian exports — $1,026 billion (a decrease of 21.6 percent).
The reason for the decline was the general unfavorable financial and economic situation on world markets, which was the reason for the slowdown in economic growth rates in many countries.
At the same time, in 2016, the growth in the supply of goods from
If we consider the structure of
- Mineral products (38.09 percent of the total volume of
’s exports to the country); Russia
- Food products and agricultural raw materials (17.62 percent);
- Metals and articles made therefrom (12.91 percent);
- Products of the chemical industry (12.63 percent);
- Machinery, equipment and vehicles (8.96 percent);
- Wood, pulp and paper products (5.07 percent);
- Textiles and footwear (1.02 percent).
At the end of 2016, the structure of Russian imports included cars, equipment and vehicles (31.62 percent of
According to the results of the first half of 2017, the foreign trade turnover between Russia and Kyrgyzstan amounted to $ 703.7 million, including Russian exports — $ 633.8 million, and imports — $ 69.9 million.
Russian investments in Kyrgyzstan
It should be noted that
If we talk about the volume of foreign direct investment from
How do Kyrgyzstanis boost the Russian economy
The involvement of the labor force from
The labor of Kyrgyz people provides 1 percent of Russia’s GDP, which is a significant figure for a country with population of about 6 million people.
Thus, there is a great potential in the search and development of new joint projects between our countries to achieve sustainable bilateral economic development in the near future. The main thing — do not stop. It was the purpose of the meeting of the two presidents that took place in
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