Manufacturing industry potential of the Kyrgyz Republic in Eurasian economic integration

Abstract

The Kyrgyz Republic, as a developing country with a socialist past, has great opportunities for further economic development. An important factor to consider is the growth of the manufacturing industry, which highlights the significance of analyzing this sector within the country. This study centers on the potential contribution of the Eurasian Economic Union (EAEU), of which Kyrgyzstan is a constituent, towards the advancement of this industry. The research aimed to evaluate the current manufacturing capacity of the Kyrgyz Republic in the industrial sector and to comprehend the influence of the EAEU on industry growth. The main methods that were used during the writing of the research were analysis, forecasting, abstraction, and historical analysis. The work analyzed the industrial sector of Kyrgyzstan within the framework of its integration into the EAEU. The research assessed the historical background of Kyrgyzstan’s accession to the EAEU and the subsequent harmonization of national legislation with the provisions and requirements of the union. In addition, data comparing the industrial production and growth rates of Kyrgyzstan, Armenia, and Kazakhstan have been presented, highlighting notable trends and differences. The work examines specific components of the manufacturing industry of the Kyrgyz Republic, the manufacture of food, beverages, and tobacco products; rubber and plastic manufacture, and non-metallic mineral goods; manufacturing of basic metals and metal products (excluding machinery and equipment); and supply of electricity, gas, steam, and conditioned air. It also talks about the manufacturing sector's importance in Kyrgyzstan, current trends, and possible future improvements, and it enables the assessment of the country's involvement in the EAEU.