AKIPRESS.COM - Today, the U.S. Agency for International Development (USAID) announced a new $19 million five-year activity, USAID Trade Central Asia, that will be implemented in Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, the U.S. Embassy said.
The new trade activity will build on USAID’s decades of achievements facilitating regional trade, enterprise development, and regional connectivity.
U.S. Embassy Bishkek Chargé d’Affaires Sonata Coulter welcomed the project, saying “Central Asia has the potential to once again be a center for global trade. This project will help develop Central Asia’s regional and international commercial connections, creating new business opportunities and jobs. We look forward to partnering with the Kyrgyz government and Kyrgyz entrepreneurs and companies to help move goods move faster and open new markets.”
USAID Trade Central Asia will take a facilitative approach towards three strategic objectives, providing the public and private sector with technical assistance to achieve these goals. First, the activity will work towards harmonization of customs and border procedures in order to reduce costs and wait times and spur economic growth in the region. Second, it will facilitate public-private dialog about beneficial reforms that can spur growth and increase investment. Third, the activity will work with stakeholders to increase cross-border trade among firms in the region as well as between Central Asian firms and the rest of the world.