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Kyrgyzstan’s EAEU membership has created favourable environment for expanding economic ties and improving the investment climate in the republic. The EAEU countries, particularly Russia and Belarus are among Kyrgyzstan’s priority foreign economic partners.
The outlook for the global economy has slightly improved since the WTO’s most recent trade forecast was issued in October of last year but the pace of trade expansion in 2023 is still expected to be subpar, weighed down by the ongoing conflict in Ukraine, stubbornly high inflation, tighter monetary policy and financial uncertainty.