October 22, 2023 Bishkek - On October 22, Bishkek hosted the International Forum on E-Commerce organized by the Association of Electronic Commerce and the Ministry of Economy and Commerce, VISA - the world leader in the digital payment industry -and the United Nations Development Programme within th Contact online >>
October 22, 2023 Bishkek - On October 22, Bishkek hosted the International Forum on E-Commerce organized by the Association of Electronic Commerce and the Ministry of Economy and Commerce, VISA - the world leader in the digital payment industry -and the United Nations Development Programme within the framework of the "Aid for trade in Central Asia" project funded by the Government of Finland.
Representatives of major international companies such as Visa, OZON, Alibaba, the World Bank IFC, representatives of ministries, experts and analysts spoke at e-Commerce EXPO 2023. The participants were able to receive first-hand information from experts about marketplaces, trends and development of digital payments, transport logistics, infrastructure, and experience in trading on international platforms.
"For the second year now, we are pleased to be the general partner of the country''s largest e-Commerce EXPO forum dedicated to e-commerce. This is an excellent platform for the exchange of ideas, knowledge and experience between key players in the sector. Today, technology is advancing at an unprecedented rate, so it is important to stay on top of the latest trends and innovations. I am sure that the forum has already become a platform where new partnerships are formed that can influence the future of e-commerce in Kyrgyzstan," said Christina Dorosh, vice president, regional manager of Visa in Central Asia and Azerbaijan.
"The e-commerce market is developing; in recent years we have seen dynamic growth in sales on marketplaces, the development of fintech products and new logical paths for e-commerce. We believe that e-commerce will be the main driver of the development of the country''s economy," said Aibek Kurenkeev, president of the Association of Electronic Commerce of the Kyrgyz Republic.
UNDP in Kyrgyzstan pays great attention to the development of e-commerce in Kyrgyzstan, as this is an important stage in Kyrgyzstan''s desire to accelerate the process of digital transformation.
"This is the moment when we jointhe efforts to explore the enormous promise committed by e-commerce. The UN Development Program is proud to support Kyrgyzstan''s digitalization efforts. Let me underscore our commitment to working with you to ensure a digital transformation that is fair, inclusive and benefits all, leaving no one behind," said Alexandra Solovyova, UNDP Resident Representative in Kyrgyzstan.
This forum attracted the attention of various business groups. Large companies found it an opportunity to discuss diversifying their strategies between online and offline segments, while for SMEs it provided a platform to think about expanding their customer audience and markets.
The e-commerce forum E-COM EXPO is an annual event in the e-commerce industry that brings together professionals and experts in this field from around the world to exchange experiences, discuss the latest trends and create new development strategies. This is a unique opportunity for partners and sponsors to introduce themselves and their products and services to the entire e-commerce community of the Kyrgyz Republic.
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A technical assistance project helped identify and prepare projects and reforms with regional impact.
A pilot economic corridor between Almaty, the largest city in Kazakhstan, and Bishkek, the capital of the Kyrgyz Republic, was established to foster trade, enhance free movement of labor and capital, and promote infrastructure modernization. The countries are connected by several roads and border crossing points, and a common history and challenges. However, connectivity remains an issue, and the potential of tourism and agribusiness to contribute to economic growth is largely untapped.
A knowledge and support technical assistance grant from the Asian Development Bank (ADB) worked to support both countries in identifying and conceptualizing investment projects for the Almaty–Bishkek Economic Corridor (ABEC), such as the modernization of border crossing points and wholesale markets and building tourism infrastructures, to accelerate integrated regional development.
The Almaty–Bishkek Economic Corridor is a flagship project for regional integration since 2014 under the Central Asia Regional Economic Cooperation (CAREC) program, a partnership of 11 countries and development partners working together to promote development through cooperation.
Though Almaty and Bishkek have grown and developed for years after the Soviet era, transport connectivity issues remain. Despite their proximity, the travel time between these cities often takes more than 4 hours because of the cumbersome border crossing points. These borders have become a bottleneck for the more than 30,000 people crossing them daily, making it difficult for tourists to easily visit the countries and enjoy a dense experience of adventure, sports, and culture. Aside from the unpredictable delays especially during peak seasons, the availability of transportation at border crossing points is unreliable and affected by political tensions. Bus services between the two cities and their airports do not follow a regular schedule.
During the winter, both cities experience deep smog and polluted air from coal power plants, vehicles, and the burning of wood and coal, causing severe health problems and a high prevalence of respiratory disease. This situation has been dire for decades.
Economic corridors define a geographic region and provide an avenue for cooperation in specific sectors that offer complementarities. In terms of trade, for example, if one country has lower wages while another has more funds to invest, a common market can consolidate these comparative advantages and improve trade between the two to help facilitate exports to other regions. Economic corridors rely on good connectivity through systematic borders, efficient transport networks, and other infrastructure, such as power, information and communication technology, and industrial parks.
Developing economic corridors includes urban development and the integration of the functions of the cities with their surrounding areas.
Three connectivity projects are currently being implemented: 1) the regional improvement of border services project, 2) the Almaty–Issyk-Kul alternative road project, and 3) the direct regular bus services initiative between the two cities and their airports.
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