• KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01140 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09314 -0.21%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 1

Middle Powers Converge: Kazakhstan and Singapore Strengthen Bilateral Ties

During his country’s first presidential-level visit to Singapore in two decades, Kazakhstan’s President Kassym-Jomart Tokayev met with Singapore’s Prime Minister Lawrence Wong on May 23. The meeting represents an alignment of interests and resources between the two middle powers and serves to create a more balanced and cooperative global environment.   Identifying middle powers When global powers become embroiled in their domestic issues or engage in rivalries that prevent effective international cooperation, middle powers step in to fill the leadership void. For instance, Canada has historically taken a lead in peacekeeping missions under the United Nations, advocating for human rights and mediating conflicts where larger powers are either unwilling or unable to engage. Middle powers, also referred to as “swing states”, are defined as influential players in international politics who resist taking sides in major conflicts and possess a specific combination of characteristics such as geostrategic location, demography, economic performance, natural resource wealth, military power and/or political influence. In a January 2024 study, the German Institute of Security and International Affairs (SWS) listed Kazakhstan among twelve notable “middle powers” in the world, who were of great importance to Germany and the EU for either shaping policies or minimizing geoeconomic risks by diversifying foreign policy relations. Kazakhstan possesses immense energy resources and critical materials for the green transition. Bordering Russia, China, and the Caspian Sea, it also offers a land bridge linking East-West and North-South corridors. Singapore is also considered a middle power with its notable regional and international influence, particularly in the Indo-Pacific region. A highly developed country with one of the highest per capita GDPs in the world, Singapore is the only nation in Asia with a “AAA” sovereign credit rating from all major rating agencies. Additionally, it has one of the highest per capita defense expenditures globally and is among the largest arms manufacturers.   A partnership between Kazakhstan and Singapore strengthens their middle power status What distinguishes middle powers from smaller powers is their ability to be more independent and active, particularly in the realm of diplomacy. The collaboration between these two leaders, therefore, helps solidify their middle power status. On a diplomatic level, President Tokayev emphasized Singapore's role as Kazakhstan’s strategic partner in Southeast Asia and expressed confidence that his state visit would strengthen bilateral relations. For his part, Prime Minister Wong highlighted that Singapore could serve as a gateway for Kazakhstan to engage with Association of Southeast Nations (ASEAN) while Kazakhstan could help Singapore build ties with Central Asia. Economically speaking, collaboration offers great potential gains for both sides. Currently, over 140 Singaporean entities and joint ventures operate in Kazakhstan, with total investment exceeding $1.7 billion. These numbers are expected to rise through further integration of their economies. During their recent meeting, the leaders focused on key sectors where Kazakhstan brings high strategic value. For instance, Wong expressed the importation of more agri-food products from Kazakhstan. Singapore’s Indorama Corporation is already in discussions about the production of phosphate fertilizers in Kazakhstan. Logistics is another key...

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