Sputnik: This Production in the Kyrgyz Republic has Enormous Opportunities for Development — noted the Professor

29/03/2022 17:00


© Sputnik / Tabyldy Kadyrbekov

BISHKEK, 29 Mar — Sputnik. Deputy Secretary General of the Eurasian Peoples’ Assembly Professor Mikhail Fedorov spoke about the prospects of economic development of Kyrgyzstan against the background of new geopolitical realities. He spoke at the Round Table "New Formats of Cooperation between Central Asia, Russia and China" at the Sputnik Kyrgyzstan multimedia press center.

According to him, the difficulties that have arisen are a chance to reconsider positions and build a new paradigm of development, in particular, in the Eurasian space. Fedorov also recalled the "One Belt, One Road" program, which allows countries to join forces.

"I'll give you an example. Kyrgyzstan has enormous opportunities for fish production. [...] There are powerful water resources here, and fish production at cost is two times lower than, for example, in Russia. The volume of production of these products can be increased tenfold. Just the other day I talked with the head of the Association of Fish Farmers: they produce 10 thousand tons of fish, the president has set a target of 100 thousand. Fish farmers can produce both 300 and 500 thousand tons. Thanks to this, Kyrgyzstan can increase the contribution of the fishing industry to the country's GDP," - the professor said.

With food security coming to the fore, organic products from Kyrgyzstan are becoming "priceless," he added. However, according to Fedorov, the ways of their implementation are difficult; therefore, a high-quality legislative framework is needed for facilitated commodity exchange.

At the same time, the professor noted that Kyrgyzstan is interesting to entrepreneurs representing the agricultural sector, including due to the taxation system.

Mikhail Fedorov identified several other areas that are important for development in the new economic realities. According to him, these are innovative technologies, employment of young personnel, as well as the organization of communications through forums and other international events.