Republic of Kazakhstan: Selected Issues
June 28, 2011
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Trade was also initially undermined by a severe recession. Kazakhstan is facing increased challenges from higher global commodity prices. Against this background, an encompassing policy response is needed to control inflation and mitigate the scope for second-round price effects. The increase of trade openness in the 2000s coincided with Kazakhstan becoming a major oil producer and exporter. A number of issues still need to be resolved to achieve free trade of goods and services within the borders of the union.
Subject: Commodities, Customs unions, Imports, Inflation, International trade, Oil, Prices, Tariffs, Taxes
Keywords: capital formation, Central Asia, CR, Customs unions, food price shock, Global, Imports, Inflation, inflation expectation, ISCR, Kazakhstan, Kazakhstan's trade, Oil, oil sector, oil wealth, price, Tariffs, trade, trade openness, trade tariff
Pages:
41
Volume:
2011
DOI:
Issue:
151
Series:
Country Report No. 2011/151
Stock No:
1KAZEA2011002
ISBN:
9781455288632
ISSN:
1934-7685
