EAEU: opportunity or threat? (the case of the Kyrgyz Republic)

Abstract

The Kyrgyz Republic has negative trade balance almost every year since its independence. After becoming a member of the Eurasian Economic Union in August, 2015, the country met with additional obstacles in trade: necessity to comply with technical regulations, certificates of quality and conformity, absence of relevant laboratories, disputes with neighbors, etc. Negative influence on trade had last tendency in currency exchange rate with the main trade partners — the EAEU members. There are data on changes in trade, especially in export sector, of Kyrgyzstan in Soviet times, the first years of independence, and years before the entrance to the EAEU and after. The article includes information on measures of governmental export promotion, together with objection, whether Kyrgyzstan could cope with problems, it met the first year of membership in the union.