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Daily Times
July 4, 2021
Central Asia’s comparative isolation from the world market is attributed to its geographical limitation of landlockedness. Landlockedness is inherent economic limitation denoting lack of access to sea. It is a key challenge faced by the Central Asia Republics (CARs) of Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan. Uzbekistan is, in fact, doubly landlocked for being with landlocked neighbors. Such countries bear high transportation and transit cost for not having admittance to sea ports and international shipping operations that involve cheaper trade. As per an estimate, average GDP of landlocked economies is hardly 57% of the maritime neighbors with 10% higher cost of shipping. Economies depend on international trade routed through sea. Marine trade connects with world value chains at far lower cost and brings about long term economic sustainability with smooth flow of global trade.
China should further strengthen its bilateral engagements with Central Asian nations and use its experiences and advantages in capital and talent to foster green, sustainable growth in the region, especially in the post COVID-19 era, an expert said.
There are numerous studies that have measured the benefits of e-commerce, the Covid-19 pandemic has dramatically illustrated its importance. Many countries have imposed quarantine measures and consumers and businesses with access to the internet.
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