unctad.org | National Services Policy Review of Kyrgyzstan
National Services Policy Review of Kyrgyzstan
Book Information

Highlight

The Accra Accord, adopted at UNCTAD XII in 2008, stated that “the services economy is the new frontier for the expansion of trade, productivity and competitiveness, and for the provision of essential services and universal access.” With a view to strengthening the capacity, efficiency and competitiveness of the services sectors of developing countries and countries with economies in transition, and to increasing their participation in global services production and trade, the Accra Accord calls upon UNCTAD to assist these countries in establishing regulatory and institutional frameworks and cooperative mechanisms, including by “providing support in national services assessment and policy reviews”. UNCTAD has developed its tailor-made national Services Policy Reviews in response to the Accra Accord.

The services sector in Kyrgyzstan has gradually assumed a greater role in the country’s economy. Services account for 51.1 per cent of GDP today, having grown from a level of 43.1 per cent in 2001. This compares with a 67 per cent share for services in world GDP, and a 57 per cent share for services – on average – in the GDP of transition economies. The Services Policy Review of Kyrgyzstan provides a strategic vision for the development of the services sector, and focuses on two future growth areas within the services sector, namely tourism and energy services.

During the course of preparing the Services Policy Review, a broad group of national stakeholders from government, industry, academia and civil society identified challenges and opportunities in the Kyrgyz services sector in general, and in the tourism and energy services sectors in particular. With the technical assistance of UNCTAD, the stakeholders examined a range of important issues key to the development of these sectors, including:

  1. National development objectives
  2. Effectiveness and weaknesses in the current sectoral policy frameworks
  3. Regulatory and institutional challenges inhibiting sectoral development
  4. Prospective policy options to strengthen domestic supply capacity and the competitiveness of small and medium-sized enterprises (SMEs)
  5. Potential impacts from services trade liberalization on FDI, SMEs, efficiency, employment, and universal access to basic services in these sectors, as well as access to foreign markets.

Recommendations for enhancing Kyrgyzstan’s tourism services sector that have emerged through the consultations with stakeholders include focusing tourism on the local or community level, in order to increase the contribution of tourism to poverty reduction; enhancing the income gained from trekking and mountaineering tourism; and introducing health and wellness tourism.

Recommendations for the energy services sector include improving the administration and management of energy companies, improving the performance of the energy sector by creating an independent regulatory body endowed with wide-ranging powers, and increasing the attractiveness of the sector to investment by improving the tariff policy.

I trust that this Review will serve as an important step towards the articulation of a comprehensive services development strategy in Kyrgyzstan, which will help the country to derive development benefits from services and trade in services.

Supachai Panitchpakdi
Secretary-General of UNCTAD

Downloads


Loading..

Please wait....