The Kyrgyz-German Business Forum, “Day of German Business”, will be held today in Bishkek.
The economic forum is a collaboration between the delegation of German business for Central Asia, the National Investment Agency of Kyrgyzstan and the Kyrgyz Ministry of Foreign Affairs. The event provides opportunities for German and Kyrgyz companies to expand bilateral business cooperation in agriculture, energy, tourism and technology.
Bilateral relations with Germany play a central role in Kyrgyzstan’s EU policy. Kyrgyz-EU economic relations have become more important to Kyrgyzstan as Russia’s invasion of Ukraine has strained the Central Asian country’s economy, weakening its currency the som. This has caused a drop in remittance levels from Russia which makes up 31.3 % of Kyrgyzstan’s GDP in 2020.
Expect Kyrgyz-German business ties to strengthen as Kyrgyzstan seeks to attract more German investments in infrastructure, agriculture and energy. Although Kyrgyzstan’s recent constitutional referendum was noted as an overreach of power by President Sadyr Japarov, Kyrgyzstan’s relatively democratic character compared to its neighbors potentially allows for deeper cooperation with Brussels. In the long term, German-Kyrgyz business ties will likely open Kyrgyzstan to infrastructure development and trade ties with the EU, allowing Kyrgyzstan to diversify from its economic reliance on Russia.
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Prior to joining Foreign Brief, Htet interned at the Karuna Center for Peacebuilding, where she worked on peacebuilding and conflict resolution efforts in Myanmar, Nigeria, and Ethiopia. During this time, she also oversaw and arranged program activities regarding Indigenous land issues in the Connecticut River Valley. In addition, she participated in the Young Professionals Program at the East-West Center where she wrote short articles on US-Asia local relations for the Asia Matters for America website. Htet is a current MA candidate at the Johns Hopkins University of Advanced International Studies (SAIS), focusing on Southeast Asia and international development, climate, and sustainability.