Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities
This report explores the sectors that will be instrumental for positive CU impact and competitiveness in the medium term. The initial chapter analyzes the gaps and opportunities the Kyrgyz NQI presents for capturing benefits of access to the enlarg...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/04/26211462/competitiveness-kyrgyz-economy-wake-accession-eurasian-customs-union-selected-issues-opportunities http://hdl.handle.net/10986/24252 |
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okr-10986-24252 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
RISKS CAPITAL MARKETS REGULATORY FRAMEWORK TELECOMMUNICATIONS REFORM IMPERFECT SUBSTITUTES WORLD TRADE ORGANIZATION ENVIRONMENTAL PROTECTION PRODUCTION AIRPORT INCOME EXPECTATIONS TRADE BARRIERS FREIGHT TRANSPORT GDP PER CAPITA EXPORTS EMISSIONS FISCAL POLICY WELFARE GROSS VALUE INCENTIVES DISTRIBUTION CAPACITY BUILDING VARIABLES TAX BENCHMARKS INPUTS ROUTES REGULATORY SYSTEMS ITC PAYMENTS WEALTH AIR FREE TRADE TRENDS DRIVERS DEVELOPMENT INFLUENCE TRADE BALANCE ROAD TECHNICAL ASSISTANCE COSTS PER CAPITA INCOME TRAINING TELECOMMUNICATIONS TRANSPORT ECONOMIC COOPERATION EXCHANGE RATES MOBILITY TRADING BLOCS PRODUCTIVITY INDUSTRIALIZATION FAILURES CRITERIA MARKETS WTO INFLATION RATE DIRECT VALUE TOTAL COSTS INCOME LEVELS CONSUMER PREFERENCES TRADE POLICY NATURAL RESOURCES TRADE COMPETITIVENESS TRADE POLICIES ECONOMIC RESEARCH INFRASTRUCTURE TAXES INFRASTRUCTURE INVESTMENT NATURAL MONOPOLIES UNEMPLOYMENT DEREGULATION CONSUMPTION PRODUCTIVITY GROWTH HUMAN CAPITAL VALUE ADDED RAIL FREIGHT TRAVEL TRANSPORTATION INSPECTION TRANSIT CAPITAL WAGES POLICIES INTERNATIONAL TRADE TRANSPARENCY COMPETITION POLICY FINANCIAL CRISIS VALUE ECONOMIC VALUE WAGE RATES BENCHMARKING COMPETITIVENESS CREDIT MACROECONOMICS ECONOMIC SECTORS DEVELOPMENT STRATEGY COMPARATIVE ADVANTAGES PURCHASING POWER DEMAND ECONOMY AGRICULTURE CONSUMERS TARIFF BARRIERS ORGANIZATIONAL STRUCTURE MEASUREMENT BENCHMARK TRADE LIBERALIZATION TRADE DIVERSION TRANSIT TRADE TRADE RAILROAD AIR TRANSPORT GDP GOODS THEORY ECONOMIES OF SCALE COMPARATIVE ANALYSIS GROWTH RATE BILATERAL TRADE INVESTMENT COMPARATIVE ADVANTAGE MONOPOLIES COMPETITIVE ADVANTAGE RAIL SUPPLY COMPETITIVE MARKETS INVESTMENTS DEVELOPMENT PROJECTS OUTCOMES SAFETY PUBLIC GOOD MIDDLE INCOME COUNTRIES FREIGHT CONSUMER PROTECTION BENEFITS PRODUCTION COSTS BOTTLENECKS DEVELOPMENT POLICY INCOME GROUPS COMPETITION |
| spellingShingle |
RISKS CAPITAL MARKETS REGULATORY FRAMEWORK TELECOMMUNICATIONS REFORM IMPERFECT SUBSTITUTES WORLD TRADE ORGANIZATION ENVIRONMENTAL PROTECTION PRODUCTION AIRPORT INCOME EXPECTATIONS TRADE BARRIERS FREIGHT TRANSPORT GDP PER CAPITA EXPORTS EMISSIONS FISCAL POLICY WELFARE GROSS VALUE INCENTIVES DISTRIBUTION CAPACITY BUILDING VARIABLES TAX BENCHMARKS INPUTS ROUTES REGULATORY SYSTEMS ITC PAYMENTS WEALTH AIR FREE TRADE TRENDS DRIVERS DEVELOPMENT INFLUENCE TRADE BALANCE ROAD TECHNICAL ASSISTANCE COSTS PER CAPITA INCOME TRAINING TELECOMMUNICATIONS TRANSPORT ECONOMIC COOPERATION EXCHANGE RATES MOBILITY TRADING BLOCS PRODUCTIVITY INDUSTRIALIZATION FAILURES CRITERIA MARKETS WTO INFLATION RATE DIRECT VALUE TOTAL COSTS INCOME LEVELS CONSUMER PREFERENCES TRADE POLICY NATURAL RESOURCES TRADE COMPETITIVENESS TRADE POLICIES ECONOMIC RESEARCH INFRASTRUCTURE TAXES INFRASTRUCTURE INVESTMENT NATURAL MONOPOLIES UNEMPLOYMENT DEREGULATION CONSUMPTION PRODUCTIVITY GROWTH HUMAN CAPITAL VALUE ADDED RAIL FREIGHT TRAVEL TRANSPORTATION INSPECTION TRANSIT CAPITAL WAGES POLICIES INTERNATIONAL TRADE TRANSPARENCY COMPETITION POLICY FINANCIAL CRISIS VALUE ECONOMIC VALUE WAGE RATES BENCHMARKING COMPETITIVENESS CREDIT MACROECONOMICS ECONOMIC SECTORS DEVELOPMENT STRATEGY COMPARATIVE ADVANTAGES PURCHASING POWER DEMAND ECONOMY AGRICULTURE CONSUMERS TARIFF BARRIERS ORGANIZATIONAL STRUCTURE MEASUREMENT BENCHMARK TRADE LIBERALIZATION TRADE DIVERSION TRANSIT TRADE TRADE RAILROAD AIR TRANSPORT GDP GOODS THEORY ECONOMIES OF SCALE COMPARATIVE ANALYSIS GROWTH RATE BILATERAL TRADE INVESTMENT COMPARATIVE ADVANTAGE MONOPOLIES COMPETITIVE ADVANTAGE RAIL SUPPLY COMPETITIVE MARKETS INVESTMENTS DEVELOPMENT PROJECTS OUTCOMES SAFETY PUBLIC GOOD MIDDLE INCOME COUNTRIES FREIGHT CONSUMER PROTECTION BENEFITS PRODUCTION COSTS BOTTLENECKS DEVELOPMENT POLICY INCOME GROUPS COMPETITION Choi, Jieun Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities |
| geographic_facet |
Europe and Central Asia Kyrgyz Republic |
| description |
This report explores the sectors that
will be instrumental for positive CU impact and
competitiveness in the medium term. The initial chapter
analyzes the gaps and opportunities the Kyrgyz NQI presents
for capturing benefits of access to the enlarged common
market across sectors. The next three chapters take an
in-depth look at three high-growth sectors and identify
adaptation priorities and opportunities. Agriculture,
services, and garments are a large and growing share of
exports and are the sectors most likely to be transformed by
accession to the CU and the increased tariffs to countries
outside the EEU. Services added 56 percent to GDP in 2013,
while agriculture contributed 18 percent, and manufacturing
16 percent. Exports in the garment sector were close to
US$200 million in 2013, employing over 150,000 workers. The
main findings of each chapter are summarized below followed
by a summary of recommendations. This report is relevant to
the Kyrgyz experience as it highlights important differences
both in terms of regulations and technical requirements. The
report highlights differences between the EU and CU
regulatory systems in approaches to food safety and
legislation, but it also analyzes the differences in
infrastructure aspects of the NQI, such as testing
laboratories and certification mechanisms between the EU and
CU. The Customs Union approach is based on end-product
compliance to a specific technical regulation or standard,
whereas the European Union relies on preventive measures and
minimizing risks associated with each process throughout the
complete food chain. In the CU food control system, food
control bodies verify that the end-product meets the
required technical specifications established by the
government; in the EU system, end-product attributes such as
size, color, shape, smell, and taste are generally left to
the marketplace to judge if they are acceptable.
Importantly, the report pinpoints specific technical
requirements for EU food safety that differ from the CU
requirements (microbiological criteria for foodstuff,
contaminants in food; maximum residue limits for residues of
pesticides, and pharmacologically active substances). |
| format |
Working Paper |
| author |
Choi, Jieun |
| author_facet |
Choi, Jieun |
| author_sort |
Choi, Jieun |
| title |
Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities |
| title_short |
Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities |
| title_full |
Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities |
| title_fullStr |
Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities |
| title_full_unstemmed |
Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities |
| title_sort |
competitiveness of the kyrgyz economy in the wake of accession to the eurasian customs union : selected issues and opportunities |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/04/26211462/competitiveness-kyrgyz-economy-wake-accession-eurasian-customs-union-selected-issues-opportunities http://hdl.handle.net/10986/24252 |
| _version_ |
1764456240943988736 |
| spelling |
okr-10986-242522021-06-14T10:13:05Z Competitiveness of the Kyrgyz Economy in the Wake of Accession to the Eurasian Customs Union : Selected Issues and Opportunities Choi, Jieun RISKS CAPITAL MARKETS REGULATORY FRAMEWORK TELECOMMUNICATIONS REFORM IMPERFECT SUBSTITUTES WORLD TRADE ORGANIZATION ENVIRONMENTAL PROTECTION PRODUCTION AIRPORT INCOME EXPECTATIONS TRADE BARRIERS FREIGHT TRANSPORT GDP PER CAPITA EXPORTS EMISSIONS FISCAL POLICY WELFARE GROSS VALUE INCENTIVES DISTRIBUTION CAPACITY BUILDING VARIABLES TAX BENCHMARKS INPUTS ROUTES REGULATORY SYSTEMS ITC PAYMENTS WEALTH AIR FREE TRADE TRENDS DRIVERS DEVELOPMENT INFLUENCE TRADE BALANCE ROAD TECHNICAL ASSISTANCE COSTS PER CAPITA INCOME TRAINING TELECOMMUNICATIONS TRANSPORT ECONOMIC COOPERATION EXCHANGE RATES MOBILITY TRADING BLOCS PRODUCTIVITY INDUSTRIALIZATION FAILURES CRITERIA MARKETS WTO INFLATION RATE DIRECT VALUE TOTAL COSTS INCOME LEVELS CONSUMER PREFERENCES TRADE POLICY NATURAL RESOURCES TRADE COMPETITIVENESS TRADE POLICIES ECONOMIC RESEARCH INFRASTRUCTURE TAXES INFRASTRUCTURE INVESTMENT NATURAL MONOPOLIES UNEMPLOYMENT DEREGULATION CONSUMPTION PRODUCTIVITY GROWTH HUMAN CAPITAL VALUE ADDED RAIL FREIGHT TRAVEL TRANSPORTATION INSPECTION TRANSIT CAPITAL WAGES POLICIES INTERNATIONAL TRADE TRANSPARENCY COMPETITION POLICY FINANCIAL CRISIS VALUE ECONOMIC VALUE WAGE RATES BENCHMARKING COMPETITIVENESS CREDIT MACROECONOMICS ECONOMIC SECTORS DEVELOPMENT STRATEGY COMPARATIVE ADVANTAGES PURCHASING POWER DEMAND ECONOMY AGRICULTURE CONSUMERS TARIFF BARRIERS ORGANIZATIONAL STRUCTURE MEASUREMENT BENCHMARK TRADE LIBERALIZATION TRADE DIVERSION TRANSIT TRADE TRADE RAILROAD AIR TRANSPORT GDP GOODS THEORY ECONOMIES OF SCALE COMPARATIVE ANALYSIS GROWTH RATE BILATERAL TRADE INVESTMENT COMPARATIVE ADVANTAGE MONOPOLIES COMPETITIVE ADVANTAGE RAIL SUPPLY COMPETITIVE MARKETS INVESTMENTS DEVELOPMENT PROJECTS OUTCOMES SAFETY PUBLIC GOOD MIDDLE INCOME COUNTRIES FREIGHT CONSUMER PROTECTION BENEFITS PRODUCTION COSTS BOTTLENECKS DEVELOPMENT POLICY INCOME GROUPS COMPETITION This report explores the sectors that will be instrumental for positive CU impact and competitiveness in the medium term. The initial chapter analyzes the gaps and opportunities the Kyrgyz NQI presents for capturing benefits of access to the enlarged common market across sectors. The next three chapters take an in-depth look at three high-growth sectors and identify adaptation priorities and opportunities. Agriculture, services, and garments are a large and growing share of exports and are the sectors most likely to be transformed by accession to the CU and the increased tariffs to countries outside the EEU. Services added 56 percent to GDP in 2013, while agriculture contributed 18 percent, and manufacturing 16 percent. Exports in the garment sector were close to US$200 million in 2013, employing over 150,000 workers. The main findings of each chapter are summarized below followed by a summary of recommendations. This report is relevant to the Kyrgyz experience as it highlights important differences both in terms of regulations and technical requirements. The report highlights differences between the EU and CU regulatory systems in approaches to food safety and legislation, but it also analyzes the differences in infrastructure aspects of the NQI, such as testing laboratories and certification mechanisms between the EU and CU. The Customs Union approach is based on end-product compliance to a specific technical regulation or standard, whereas the European Union relies on preventive measures and minimizing risks associated with each process throughout the complete food chain. In the CU food control system, food control bodies verify that the end-product meets the required technical specifications established by the government; in the EU system, end-product attributes such as size, color, shape, smell, and taste are generally left to the marketplace to judge if they are acceptable. Importantly, the report pinpoints specific technical requirements for EU food safety that differ from the CU requirements (microbiological criteria for foodstuff, contaminants in food; maximum residue limits for residues of pesticides, and pharmacologically active substances). 2016-05-06T19:56:28Z 2016-05-06T19:56:28Z 2016-03 Working Paper http://documents.worldbank.org/curated/en/2016/04/26211462/competitiveness-kyrgyz-economy-wake-accession-eurasian-customs-union-selected-issues-opportunities http://hdl.handle.net/10986/24252 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia Kyrgyz Republic |