April 12, 2021 Uncategorized

Tajikistan Trade Agreements

It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. Learn more about exporting to Tajikistan on Globaltrade.net, the directory of international commercial service providers. Tajikistan has a relatively open economy and low tariffs: the total value of foreign trade is 57% of GDP (World Bank – 2017, latest data available) and the average rate is 5.6%. Tajikistan has taken steps to improve its global and regional integration by joining the WTO in 2013 and participating in free trade agreements with the CIS. Tajik exports are mainly made from aluminum, agricultural products and light industry. Low product diversification and dependence on natural resources make the Tajik economy particularly sensitive to volatile commodity prices. Indeed, the main exports – aluminium and cotton – were affected by lower prices on the international market, which severely affected the country`s trade balance. The country imports mainly oil, machinery and food. The main suppliers are China (43%), Russia (23%), Kazakh (15%) Turkey (5.1%) The main customers are Kazakhstan (32%), Turkey (21%), Switzerland (17%), Algeria (8.8%), India (5%) and China (4.9%). Tajikistan is the 148th largest exporter and the 145th largest importer in the world.

In 2018, imports of goods reached $31.5 billion (compared to $2.78 billion the previous year), while exports were $1.16 billion (compared to $1.2 billion the previous year). Services imports increased from $368 million to $434 million between 2017 and 2018, while services exports increased from $247 million to $238 million. The trade deficit is expected to shrink in 2019, with a share of 23% of GDP, after 25.1% a year earlier (IMF). On 15 April 1994, the CIS member states (Azerbaijan, Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan) agreed on the creation of a free trade area. Under the agreement, imports of products manufactured within the CIS with corresponding certificates of origin are not subject to value-added tax or VAT in the Kyrgyz Republic. However, this exemption does not apply to excised products (such as alcohol and tobacco); Furniture video, television and computer equipment, as well as any accessories for these electronic devices. Russia, Belarus, Kazakhstan, the Kyrgyz Republic and Armenia have also signed a customs agreement. In June 2004, the Kyrgyz Republic signed a Framework Agreement on Trade and Investment (TIFA) with the United States, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan.