LAW OF THE KYRGYZ REPUBLIC

of August 8, 2023 No. 169

About state regulation of foreign trade activity

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 22, 2023

Chapter 1. General provisions

Article 1. Subject of regulation and purpose of this Law

1. This Law determines the legal basis and establishes the principles and methods of state regulation of foreign trade activity.

2. The purposes of this Law are protection of economic sovereignty, ensuring economic safety, stimulation of development of foreign trade activity and providing conditions of effective integration of economy of the Kyrgyz Republic.

Article 2. The concepts used in this Law

In this Law the following basic concepts are used:

1) automatic licensing (observation) - the temporary measure established for the purpose of monitoring of dynamics of export and (or) import of separate types of goods;

2) foreign trade activity - activities for implementation of foreign trade in goods, services, information and intellectual property;

3) foreign trade in goods - import and (or) commodity export;

4) prohibition - the measure prohibiting import and (or) export of separate types of goods;

5) import - commodity importation to the Kyrgyz Republic without obligation about the return export;

6) exclusive right - the right to the implementation by participants of foreign trade activity of export and (or) import of separate types of goods provided on the basis of the exclusive license;

7) quantitative restrictions - measures for quantitative restriction of foreign trade in goods by establishment of quotas;

8) licensing - the complex of administrative measures establishing procedure for issue of licenses and (or) permissions;

9) non-tariff regulation - the method of state regulation of foreign trade in goods performed by introduction of quantitative restrictions and other prohibitions and restrictions of economic nature;

10) the allowing document - the document issued to the participant of foreign trade activity on the right of import and (or) commodity exportation on which the allowing procedure for import and (or) export is established;

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