A Tough Test for Silk Road Merchants
The Dordoi Bazaar in the Kyrgyz capital of Bishkek is Eurasia's largest. It is a key way-stop on the route by which Chinese products travel to Russia and Central Asia. But the bazaar faces major change, as Kyrgyzstan joins the Eurasian Economic Union (EEU) led by Russia. Before, import and export taxes were very low, and the intermediary trade of the bazaar blossomed. Having joined the EEU, however, import tariffs on Chinese products are expected to soar, which will have a massive impact on sales. Merchants are troubled, with some choosing to downsize their business, or close up shop altogether. As China's "One Belt, One Road" strategy unfolds, and the country turns its attention to Central Asia, small landlocked Kyrgyzstan is stuck between 2 giants. By looking at the Dordoi Bazaar, we'll examine the pressures faced by merchants throughout Kyrgyzstan.
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