Azimzhan Khitakhunov – Page 3

April 28, 2022

Implications of the Russia-Ukraine War: The Case of the Global Food Market

The Food and Agriculture Organization of the United Nations noted in February 2022 that its global food index hit an all-time high and averaged 140.7 points, up 5.3 points (3.9%) from January and as much as 24.1 points (20.7%) above its level a year ago. Vegetable oils were up 8.5% year over […]

February 28, 2022

Economic Cooperation between Central Asia and China

Central Asia is one of the most important regions for China in terms of economics, politics, and security. China’s role in the region is permanently increasing. It remains a key trade partner for all Central Asian countries. Moreover, China provides the region with substantial investments, primarily in the energy sector. […]

February 25, 2022

Recent Changes in Foreign Trade of Russia

The foreign trade of Russia demonstrates significant changes. It is well known that Russia remains an important supplier of crude oil and natural gas on the global market. However, recently the country started to demonstrate changes in its trade patterns. The country is actively developing its manufacturing and agricultural sectors […]

February 2, 2022

Recent Developments in the Global Supply Chains

Development of the global supply chains gained importance following the pandemic-related disruptions, which caused negative consequences such as inflation. Economists and policy experts are debating about the future of the global supply chains as policy responses from advanced and developing economies were different. Therefore, this commentary aims to review recent […]

December 27, 2021

Economic Cooperation between Central Asia and the European Union

Countries of Central Asia consider cooperation with the European Union (EU-27) as one of the most important strategic directions. They intend to intensify trade with the EU countries and attract investments. The EU remains important due to different factors, including the market size, income level, standards, competition, and trade rules. […]

November 22, 2021

Current Developments in Central Asian Agricultural Products Trade

Agriculture remains a key sector for Central Asian economies in terms of food security, employment, and trade. In 2019, employment in agriculture (as % of total employment) in Central Asian countries remained high and varied from the lowest 15% in Kazakhstan to the highest 45% in Tajikistan. In terms of […]

November 22, 2021

The Court of the Eurasian Economic Union

The Eurasian Economic Union (EAEU) is one of the recent regional trade agreements. Despite the idea of Eurasian integration has a long history and was proposed by the first President of Kazakhstan Nursultan Nazarbayev in the early 1990-s, Kazakhstan together with Belarus and Russia formed a customs union only in […]

October 4, 2021

What Drives Higher Food Prices: Examples from Central Asia

Food prices are one of the most important indicators, which play an important role in economic and political stability. Food prices depend on a variety of factors, including growth in demand (mainly from Asian countries), financial market speculations, export restrictions, weather shocks, productivity slow-down, currency depreciation, rising oil prices, biofuels […]

September 27, 2021

Transport Strategy of Uzbekistan: Current Developments

Transport and infrastructure play an important role in Uzbekistan’s economy. Implementation of the open economic policy requires the penetration of new markets. Uzbekistan aims to diversify its exports. Besides traditional markets such as Central Asia and Russia, the country increases its supplies to China, the countries of Europe, and Turkey. […]

August 27, 2021

Infrastructure and Trade Facilitation in the Eurasian Region

High-quality infrastructure remains critical for economic growth and international trade. Hard and soft infrastructure, effective customs regulation, including digitization of customs procedures are important for boosting trade indicators. Therefore, this commentary aims to analyze recent developments in infrastructure and trade facilitation in the Eurasian region, reveal its problems and provide […]