Azimzhan Khitakhunov

Azimzhan Khitakhunov

Senior Research fellow

Azimzhan Khitakhunov is a research fellow at the Eurasian Research Institute. He has received his bachelor, master and Ph.D. degrees from Al-Farabi Kazakh National University (Ph.D. degree was completed in cooperation with the Johns Hopkins University, School of Advanced International Studies, Bologna, Italy). Currently, he is a senior lecturer at Al-Farabi Kazakh National University, Higher School of Economics and Business, Economics Department, where he teaches macroeconomics related disciplines. His research experience includes participation as a research fellow in the government financed f

Staff's Publications


March 9, 2024

Can the EAEU and Iran FTA Boost Eurasian Trade?

On December 25, 2023, members of the Eurasian Economic Union (EAEU) signed a Free Trade Agreement (FTA) with Iran on the sidelines of the Supreme Eurasian Economic Council’s meeting. The FTA will eliminate import tariffs on almost 90% of the product range, which accounts for more than 95% of bilateral […]
January 9, 2024

Trade in Agricultural Products between Kazakhstan and Russia

In November 2023, Kazakhstan and Russia conducted the 19th Interregional Cooperation Forum, which was devoted to agricultural cooperation between the two countries with the participation of Presidents Kassym-Jomart Tokayev and Vladimir Putin. Kazakhstan’s Kostanay city hosted the forum. However, the Presidents participated online from Kazakhstan’s capital Astana. The governments of […]
November 7, 2023

Understanding Trade in Services

Services have been an increasingly important sector, which currently dominates many economies. Changes in demand, structural transformation, development of technologies, and changing patterns of trade can explain the rise of services. According to the World Bank (2023) data, global value-added services increased from $20 trillion in 1995 to almost $62 […]
September 7, 2023

Türkiye’s Economic Diplomacy in Central Asia

Russia’s invasion of Ukraine is one of the most controversial issues in Central Asia. The protracted military conflict has led to intense debate about the economic and political future of Central Asia. Experts and society are actively discussing the future of Eurasian integration, the strategic initiatives promoted by China, as […]
May 28, 2023

Did Sanctions Change Trade between Türkiye and Russia?

Bilateral relations between Türkiye and Russia have been one of the frequently discussed issues among experts. This is due to both political and economic reasons. Türkiye and Russia play an important role in the Middle East and are involved in the resolution of the Syrian crisis by coordinating their policies. […]
April 15, 2023

Foreign Policy of the European Union: The Role of China

The foreign policy of the European Union (EU) has experienced substantial changes over the last few years. In 2021, the EU announced the launch of the Global Gateway, a new European strategy to boost smart, clean and secure links in digital, energy and transport sectors and to strengthen health, education […]
April 11, 2023

Russia and Sanctions: How Moscow Looks for Alternatives

Russia’s economy is under significant pressure due to tough sanctions imposed by the United States (US), the European Union (EU), and other countries. The main goal of the sanctions is to restrict Russia’s ability to continue the war against Ukraine. Sanctions targeted almost all key industries of Russia, including mineral […]
January 9, 2023

Geopolitical Crisis and Trade in Agricultural Products: Perspectives for Central Asian Countries

Food is a key product in international trade. Global trade in agricultural products improves food security, affects prices, and directly influences many agricultural input-dependent industries. Higher supplies of agricultural and food products keep prices low and stable, which is important for low-income economies. Therefore, the political stability of the global […]
November 25, 2022

The Risks of Inflation in Central Asia

Inflation remains one of the most important challenges for the global economy. Demand and supply shocks, supply chain issues, changes in fiscal and monetary policy, higher production costs, labor market shocks, geopolitical crises, and external instability, including wars and sanctions, cause higher prices. High inflation affects the well-being and expectations […]
November 1, 2022

The Sixth CICA Summit: Asian Vision of the Global Development

The political situation in the Eurasian countries is one of the frequently discussed issues given the Russian invasion of Ukraine, which led to unprecedented sanctions from the Western countries on Russia. This invasion brought food security risks, especially in low-income countries, an energy crisis in Europe, disruption of supply chains, […]