New Initiatives Designed To Boost Central Asian Exports, Transport
The U.S. plans to give up to $15 million to support several regional projects for the “C5” Central Asian nations, including a program to boost horticultural exports and cross-border transportation corridors in those countries, the State Department said (here). The…
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Central Asia Business Competitiveness project is being created to cultivate horticultural subsectors with strong export potential, and will work with companies to bolster competitiveness and participation in global value chains, as well as with government trade authorities on policies to generate more exports. State’s Transport Corridor Development (TCD) project is meant to cut the costs and time of moving goods across Central Asia, and to increase the quality of transport and logistics services across the region, State said. The program will target businesses, trade authorities and governments to identify and lower non-tariff barriers to trade along “key corridors,” State said. TCD will also work with transportation and logistics firms to improve efficiency and competitiveness, including providing logistics firms with training and information on competitiveness benchmarking, route planning, air freight trends, refrigerated transport developments, freight consolidation and logistics center management, among other things, State said. C5+1 officials agreed to these initiatives on Aug. 3 during the second annual C5+1 ministerial in Washington. The C5+1 comprises Kyrgyzstan, Turkmenistan, Kazakhstan, Uzbekistan, Tajikistan, plus the U.S.