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Special Graduate Schools
Graduate School of International Studies
Department of International Trade
International Trade
3. Theses(Master)
ACCEPTANCE OF KYRGYZSTAN TO THE EURASIAN ECONOMIC UNION
- Subtitle
- FIRST EXPERIENCE AND PROBLEMS
- Author(s)
- SOODANBEKOV CHOLPONBEK
- Advisor
- Felver, Troy
- Department
- 국제대학원 국제통상학과
- Publisher
- Graduate School of International Studies Ajou University
- Publication Year
- 2018-02
- Language
- eng
- Keyword
- International Trade; Policy
- Alternative Abstract
- In a rapidly developing world of globalization and international relations, no country can positively develop its national economy alone. The harsh laws of trade dictate their rules to national governments to maintain trade relations with any potentially profitable country, despite political views and political vectors. Weak economic states need to attract investments and get involved in international economic processes and associations. The article examines the issues of Kyrgyzstan joining the EAEU and its impact on the trade balance of agricultural sector. Kyrgyzstan joined the EAEU quite recently, in May 2015. Five members of the EAEU have at least a common century-old history of being in the single united multinational socialist state of the USSR and the Russian Empire until the collapse of the USSR in 1991. In this regard, we will review the first experience and problems of Kyrgyzstan within the framework of the Eurasian Economic Union. Which kind of challenges Kyrgyzstan should face within the union. In the Soviet system, the Kirghiz SSR remained predominantly an agrarian republic, whose economy was supported by subsidies from centralized Soviet Union fund. After gaining independence, Kyrgyzstan continues to focus on agriculture as a strategic sector of the country. Unfortunately, there was no rapid development of this industry. After joining the EAEU great hopes were laid on the agriculture sector. But its petty commodity, the lack of quality certificates, the lack of information campaign among businessmen and farmers led to the fact that Kyrgyzstan is not yet ready to export its agricultural products in sufficient quantities to EAEU markets. In this regard, we came to the conclusion that EAEU is more a political rather than an economic union. The presence of political will at this stage is the main driving factor for building a full-fledged economic union in the future. Keywords: Kyrgyzstan, international trade, trade balance, EAEU, China, Russia, Kazakhstan.
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