Prospects for the Regional Cooperation in Central Asia

Nurlan Aitkaliuly Nurseiit

2020

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DOI 10.17015/ejbe.2020.026.01

Data confidence 70 medium

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Abstract

The purpose of the article is to study the regional cooperation of the countries of Central Asia (CA) among themselves and with other regions, as well as finding ways to improve it. The study revealed that regional cooperation is still at a low level. Significant trading partners of Central Asia are currently the EU, China, Russia, and Turkey. The participation of the countries of the region in the Eurasian Economic Union (EAEU) and the Chinese "Belt and Road" initiative (BRI) did not lead to the expected results. The observed decline in trade in Central Asia is associated mainly with a decline in world prices for raw materials and not a change in physical volumes.