Bishkek, February 20, An International Conference was held to discuss recent amendments to the Eurasian Economic Union (EAEU) Customs Code and their impact on the e-commerce sector. The event was organized by the National Alliance of Business Associations (NABA) with the support of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, along with key industry associations and government agencies.

Customs Regulation Reform

During the conference, experts discussed the latest amendments to the EAEU Customs Code aimed at developing digital trade and reducing bureaucratic barriers. Representatives of the Eurasian Economic Commission (EEC) emphasized that the new regulations will facilitate customs procedures for online platforms and cross-border deliveries, which is particularly important for entrepreneurs in the Kyrgyz Republic.

"Global economic trends show that digitalization and e-commerce are becoming key drivers of economic growth. Today’s conference is not just about legislative changes but about creating new opportunities for businesses, improving logistics, and enhancing conditions for entrepreneurs," noted Uluk Kydyrbaev, Head of the Secretariat of the Investment Council.

E-Commerce in the Kyrgyz Republic

According to the Kyrgyz Republic’s E-Commerce Association, in 2024, the e-commerce market volume reached $359 million, accounting for 6.35% of total retail turnover. Forecasts indicate that by 2028, this figure will grow to $595.7 million, with an annual growth rate of 14.3%. However, experts note that to fully unlock the potential of digital trade, it is essential to improve the regulatory framework and invest in logistics and digital platforms.

The conference provided a constructive platform for dialogue between government representatives, businesses, and international organizations. During panel discussions, specific proposals were put forward to simplify customs regulations and encourage the growth of e-commerce in the region.

The Role of the Investment Council

As a co-organizer of the event, the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic continues its efforts to create favorable conditions for investment and business. The Council’s Secretariat remains open to further discussions with government agencies and the business community to develop additional mechanisms for supporting e-commerce.

The construction sector plays a key role in the economy of the Kyrgyz Republic, driving infrastructure development, job creation, and enhancing the country's investment attractiveness. The growth of this industry directly impacts the quality of life for citizens and the sustainable development of regions.

On February 18, an introductory meeting was held at the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic with representatives of the Public Association "International Builders Association", led by Chairwoman Ainura Sagyn. The delegation also included Vice Chairs and the Executive Director of the Association. From the Secretariat, the meeting was attended by Head of the Secretariat Uluk Kydyrbaev and experts.

The meeting focused on discussing the activities, objectives, and development plans of the Association within the construction sector. Representatives of the Association shared information about their current projects and the key challenges facing construction companies in the country.

Among the key topics highlighted were:

• Enhancing the regulatory framework;
• Improving conditions for attracting investments;
• Raising construction quality standards.

The parties explored possible solutions to these challenges, including the introduction of modern technologies and expanding collaboration between the public and private sectors. Plans for future cooperation were outlined, and it was agreed that the key issues affecting the construction industry would be raised on the Investment Council platform for further discussion and decision-making.

This meeting marked an important step in strengthening the partnership between government institutions and the construction industry. The Association expressed its interest in joining the Investment Council and emphasized its commitment to actively participating in discussions on construction sector development and improving the investment climate.

In turn, the Secretariat of the Investment Council reaffirmed its readiness to support initiatives aimed at advancing the construction industry and facilitate the implementation of projects that will contribute to economic growth in the Kyrgyz Republic.

A meeting was held at the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic with representatives of Ala-Too University, Dimitry Euler and Elmira Usenova. The discussion was attended by Uluk Kydyrbaev, Head of the Secretariat, as well as experts Cholpon Asakeeva and Azem Akmatbek.

The key topic of the meeting was the development of practice-oriented education and strengthening collaboration between universities, businesses, and government institutions. One of the initiatives discussed was the launch of acceleration programs aimed at training students in regulatory impact assessment (RIA) methods, equipping them with both legal foundations and economic analysis tools to help them better understand the policymaking process in the investment sector.

Additionally, the organization of an investment-themed hackathon was discussed. This initiative will provide students with practical experience in legal analysis and RIA tools, allowing them to adapt to the demands of the modern job market. The best projects developed during the hackathon will receive support for further implementation.

This experience could serve as a model for cooperation with other universities across the country, particularly in the regions. Strengthening the connection between education, business, and government support will not only help prepare highly skilled professionals but also enhance their competitiveness in both local and international labor markets.

The Investment Council Secretariat actively supports initiatives aimed at creating an ecosystem for innovation and entrepreneurial development and is ready to collaborate with educational and business institutions to bring these initiatives to life.

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