In his opinion, deepened integration could significantly improve trade conditions and enhance the competitiveness of businesses in the EAEU countries, including Kyrgyzstan.
Ibraev also highlighted that the development of transport corridors is one of the main tasks that will facilitate the entry of Kyrgyz companies into international markets and the use of seaports, including those in Iran.
He noted that it is important to eliminate barriers that hinder the free movement of goods across borders.
A member of the Presidium of the Business Council of the EAEU believes that digitalization and the implementation of modern technologies, such as electronic seals and digital certificates, can make customs procedures virtually invisible to businesses.
The creation of a unified energy resources market, according to Ibraev, will allow companies to purchase oil and electricity directly from producers, bypassing intermediaries, which will enhance business competitiveness.
He also emphasized the importance of integrating the financial markets of the EAEU countries.
Ibraev clarified that this does not imply the introduction of a single currency, but rather suggests the free use of financial instruments and access to banking services for all participating countries.
“Businesses will be able to choose banks and credit products not only in Kyrgyzstan but also in Russia, Kazakhstan, Armenia, and Belarus,” he added.
Furthermore, the president of the Kyrgyz Union of Industrialists and Entrepreneurs pointed out the need to develop a common market for services and labor resources. Specialists from EAEU countries should have the opportunity to work freely in partner states.
In recent years, Kyrgyzstan has been facing a labor shortage and is becoming a country that receives labor migrants. Ibraev noted that workers from Uzbekistan, Pakistan, and Bangladesh are already arriving in the republic.
Overall, strengthening integration in the region can help EAEU states adapt more quickly to global economic crises and enhance the resilience of their economies.
