Member states of the Moscow-led Eurasian Economic Union (EEU) have invested $1.15bn in Kyrgyzstan, according to the country’s economy ministry.
Kyrgyzstan joined the EEU in August 2015. The bloc, established in January 2015, was formed from the Customs Union of Belarus, Kazakhstan and Russia, which in turn was set up in January 2010. Armenia joined the EEU at the beginning of 2015.
Mutual investment in the free-trade bloc has reached $23.98bn, of which $2.21bn was invested in Armenia, $7.93bn in Belarus, $9.33bn in Kazakhstan, $1.15bn in Kyrgyzstan and $3.36bn in Russia.
Kyrgyzstan marked 100 days of its membership of the union by the abolition of phytosanitary control on the border with Kazakhstan. At the same time, the country has so far failed to bring its veterinary control system in line with the EEU standards. “Kyrgyzstan still has many problems with Eurasian integration,” Danil Ibrayev, member of the Eurasian Economic Commission, was quoted as saying by 24.kg news agency. “There are problems with tariff and non-tariff regulation, taxation and migration.”
Related Articles
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months
Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more
Unusually intense heatwave hit Central Asia in March, may impact crop yields
Central Asia experienced an unusually intense heatwave in March that could have an impact on agricultural crop yields, according to an April 4 ... more