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Imports from EDB member countries to Tajikistan increase

03.08.2020 218 просмотров

Remittances remain an important integration channel for Tajikistan, according to an analytical report by the EDB.


Remittances remain of strategic importance for stimulating consumer and investment demand within the country, as well as for Tajikistan's balance of payments as a whole, offsetting a significant foreign trade deficit. This is stated in the report “Main Trends in the Integration Development of Tajikistan in 2019”, prepared by the Center for Integration Studies of the Eurasian Development Bank (EDB). 

Taking into account the geographical structure of receipts, remittances remain an important integration channel connecting Tajikistan with EDB member countries. In total, in 2019, 2.576 billion US dollars were attracted to the republic, which is 0.9% more than in the previous year (2.553 billion US dollars). 

Since 2015, the process of considering the feasibility of accession of the country to the Eurasian Economic Union. Neither Tajikistan nor the EAEU is faced with the task of joining the republic for the sake of this event as such. The experience of world integration development, in particular within the framework of the European Union, shows that the process of artificial involvement of countries in regional groupings creates only additional problems and does not contribute to their progressive development. 

Index of significance for Tajikistan of mutual trade with member states The EDB accounted for 39% in 2019, which is 1.1 percentage points less than a year earlier. The importance of mutual trade when importing from countries - members of the Bank is somewhat higher than when exporting. This indicates that Tajikistan is more dependent on the import of goods from the states of the region than on the export of its products to them. 

The main buyer of products from Tajikistan among the countries of the region is Kazakhstan. The main commodity group here is zinc and lead ores and concentrates, the trade volumes of which have been declining for the third year in a row. Imports from EDB member countries, on the contrary, are increasing. At the end of 2019, it reached USD 1.5 billion and grew by 12.3% y/y. Russia and Kazakhstan account for the bulk of deliveries - more than 60% and more than 30%, respectively. Tajikistan imports mineral fuel and wheat from Kazakhstan. Russia, in addition to fuel, also supplies food products, timber, machinery and equipment. 

To date, the government of the Republic of Tajikistan has not made a final decision on joining the EAEU. However, this cannot be an obstacle to the development of partnerships with the countries of the Union. In addition, Tajikistan is a member of the EDB, which also contributes to integration with its other shareholders.
 

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