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PRESS RELEASE: PRESS/TPRB/271

TRADE POLICY REVIEW:

Impressive progress but continued reform remains important

The Kyrgyz Republic has made impressive progress since its economic and political transition to a market-based economy, with farm reform, price deregulation, financial sector liberalization and significant state privatization that have helped the country face various setbacks such as the Asian and Russian economic crisis of the late 1990s, according to a WTO Secretariat report on the trade policies and practices of the Kyrgyz Republic.

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The report says that some structural reforms remain unfinished and that it would be important for the Kyrgyz Republic to diversify its economy into manufacturing and services and soften the country’s vulnerable reliance on mining (gold) and agriculture.

Sustainable growth, the report adds, will need private, including foreign investment, which will also require and improved business climate, restored confidence in public institutions and the curbing of corruption. Further improvements should include opening trade, greater financial sector strengthening and a more efficient customs services and transport.

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Full list of previous TPRs
  

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The WTO report, along with a policy statement by the Government, will be the basis for the Trade Policy Review (TPR) by the Trade Policy Review Body of the WTO.

The following documents are available in MS Word format.

  

Note  back to top

Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB’s meetings are published shortly afterwards.

Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop.

The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.

 

Schedule of forthcoming reviews  back to top

Kenya, Tanzania, and Uganda: 25 and 27 October 2006
Colombia: 22 and 24 November 2006
Hong Kong, China: 13 and 15 December 2006

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