Kyrgyzstan is unlikely to enter customs union in 2012; Turkmenistan and Uzbekistan business leaders have discussed ways to improve bilateral trade and investment; Uzbekistan announces new tax breaks to lure foreign investors; Turkmenistan to supply natu
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    • (April 9-15, 2012)

    The World Bank in its report has said that Kyrgyzstan is unlikely to enter the customs union shared by Kazakhstan, Russia, and Belarus this year even though Kyrgyz politicians have been solidly behind Kyrgyzstan’s accession to the customs union. 1

    Meanwhile, according to reports, Turkmenistan and Uzbekistan political and business leaders have discussed ways to improve bilateral trade and investment with a special focus on energy, transportation and communication sectors. 2

    Reports noted that Uzbekistan has unveiled new tax breaks and legal protections in an effort to improve its image and lure foreign ventures to country. 3

    In another development, Turkmenistan will supply 500 million cubic meters of natural gas per years to Afghanistan for 30 years from the start of operation of TAPI gas pipeline. 4

    In other development, according to reports, the Asian Development Bank has said that it expects Central Asia’s economic growth to continue at 6.1 percent in 2012 and 6.2 percent in 2013. 5

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