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Article: KYRGYZSTAN SET TO TAKE IMPORT SUBSTITUTION MEASURES.
- Article from:
- AsiaPulse News
- Article date:
- February 19, 2009
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BISHKEK, Feb 19 Asia Pulse - In 2008, Kyrgyzstan's negative trade balance came to US$2.416 billion.
The volume of imports was three times greater than the volume of exports.
According to the National Statistics Committee, in 2008 Kyrgyzstan's exports came to US$1.641 billion, while imports amounted to US$4.057 billion.
According to Igor Chudinov, the Kyrgyz Prime Minister, such situations as this, when a country has a negative trade balance, are always very risky.
Therefore, Chudinov entrusted the government with the task of working out a program for the development of import-substituting production.
At a meeting of the ...