• KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
04 December 2024

Viewing results 133 - 138 of 156

The C5+1 Concept: The Idea Behind This Week’s B5+1 Forum in Almaty

Recognizing that the Central Asia region could benefit more from initiatives in global security, business and trade if its countries strengthened their cooperation in key areas, the Center for International Private Enterprise (CIPE) created the ‘C5+1’ platform last year for just this purpose. The Center’s 5+1 group features the governments of the five Central Asian republics – Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan – plus the United States, whose State Department and international chambers of commerce are central to the platform’s work. An inaugural C5+1 Summit was held in September 2023, on the sidelines of the 78th session of the UN General Assembly in New York. At this high-level meeting, the presidents of each of the Central Asian nations joined US president Joe Biden in dialog on enhancing the region’s stability and prosperity through economic, energy, and security partnerships within the C5+1 framework.  Building on this start made by C5+1, CIPE is now launching the ‘B5+1’ format, focused on cooperation in the global business context. The inaugural B5+1 Forum will take place this week in Kazakhstan’s business capital of Almaty, and will include presentations and panel discussions with policy makers from the United States, Central Asia and several other countries. On 14 and 15 March leaders from the public sector will discuss Central Asia’s economic integration, international trade and investment alongside dozens of influential private companies.  The B5+1 Forum will pick up where the C5+1 Summit left off in exploring opportunities for American companies in Central Asia. This potential lies in key sectors such as critical minerals, renewable energy and manufacturing. The Almaty event will also continue the conversation on enhancing regional connectivity via the Trans-Caspian International Transport Route, also known as the Trans-Caspian Corridor. At a time of geopolitical upheaval and disruption of existing supply chains, international investment in this trade route is being sought through the Partnership for Global Infrastructure and Investment. The B5+1 Forum forms part of CIPE’s program called “Improving the Business Environment in Central Asia” (IBECA). CIPE themselves are affiliated to the US Chamber of Commerce – the catalyst behind the B7 and B20 platforms – and receive funding from the US Department of State.  The establishment of B5+1 is closely aligned with commitments made during the C5+1 Summit last September, and outlined in a document called the New York Declaration. The upcoming Forum aims to deliver on two key commitments in the declaration.   The Times of Central Asia will be in attendance at the B5+1 Forum on 14-15 March, and will be publishing insight and analysis from the event.

Turkmenistan Border Seeing Illegal Economic Activities Committed From Afghanistan’s Side

Citizens of Afghanistan are using thousands of square kilometers of territory that border Turkmenistan for illicit economic purposes. Specifically, Afghans graze on the land illegally, engage in unrestrained hunting, and gather fruits from wild trees, according to a report by the Chronicles of Turkmenistan, which cited a MeteoJournal.ru story that analyzed satellite photos of the region. The Turkmenistan-Afghanistan border region is a control zone, which is a section of any border with restricted access that is between a few meters and several kilometers deep. It's also commonly referred to as a “neutral” zone. According to MeteoJournal, satellite images show that Afghans are freely entering this area of Turkmenistan, mostly for the purpose of raising livestock. One photo depicts a herd of sheep, as well as a sudden change in the density of vegetation along the line of engineering structures that delimit the border zone within the territory of Turkmenistan. Where the herds graze in front of the engineering structures, there is hardly any vegetation. Additionally, Turkmenistan’s border zone experiences regular fires, according to MeteoJournal. Environmentalist Andrey Zatoka speculated that intentional grass burning may have caused the fires. Intentional burning of lands used for grazing by livestock is a common tool used by farmers around the world to cultivate vegetation for their animals. According to the publication’s Telegram channel, a powerful DDoS (distributed denial-of-service) attack started after this content was posted on the MeteoJournal website --and has been ongoing for the past few days.

US Policymakers and Central Asian Business Leaders Gather in Almaty for the CIPE B5+1 Forum

Cooperation and trade with Central Asia still holds much unrealized potential. The region is developing fast and offers opportunities for companies and agencies, both international and local. As the global geopolitical landscape changes and supply chains are disrupted, the importance of Central Asia as a business and transit hub, through initiatives such as the Trans-Caspian Corridor, is growing.  There are therefore great incentives for the five countries of the region – Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan – to find ways to function as a single integrated market, in order to capitalize on opportunities for foreign and local companies, and attract more international investment and business.  For this reason the Center for International Private Enterprise (CIPE) is inviting policymakers from Central Asia, the United States and other countries to its B5+1 Forum this week. On 14 and 15 March in Kazakhstan’s business capital of Almaty, leading minds from the public sector will discuss Central Asia’s economic integration, international trade and investment, alongside dozens of high-profile private companies.  An event on 14 March entitled “Looking within Central Asia” will introduce the objectives and expected outcomes of the B5+1 format. Presentations by representatives of Kazakhstan’s Ministry of National Economy, the Caspian Policy Center, the US Department of State and Kyrgyzstan’s Ministry of Economy and Commerce will give business-focused perspectives on improving economic integration and the investment climate.  The discussion on 15 March will center on the theme of “Central Asia’s place in the world economy”. Talks from representatives of the US-Kazakhstan Business Council, the American-Uzbekistan Chamber of Commerce and the European Bank for Reconstruction and Development (EBRD) will give an international perspective on promoting trade and investment flows in Central Asia. The B5+1 Forum forms part of CIPE’s program “Improving the Business Environment in Central Asia” (IBECA). CIPE themselves are affiliated to the US Chamber of Commerce – the catalyst behind the B7 and B20 platforms – and receive funding from the US Department of State.  The establishment of B5+1 is closely aligned with commitments outlined in a document called the New York Declaration to strengthen the republics' economic relations, and improve the business environment for regional economic integration and investments. The upcoming Forum aims to deliver on two key commitments in the declaration.   The Times of Central Asia will be in attendance at the B5+1 Forum on 14-15 March, and will be publishing insight and analysis from the event.

Turkmenistan and Afghanistan Discuss Collaborative Projects

On March 4th, a large Afghan delegation led by Nooruddin Azizi, Minister of Industry and Trade of Afghanistan, participated in a Turkmen-Afghan business forum and exhibition of Afghan goods in Ashgabat. Issues discussed included Turkmen-Afghan partnerships in trade, industry, agriculture, transport, communications, and electricity supply. Also on the agenda were oil and gas which alongside textiles, comprise Turkmenistan’s main exports to Afghanistan. As reported by the Turkmen Foreign Ministry, special attention was paid to the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the Turkmenistan-Afghanistan-Pakistan (TAP) high-voltage power transmission line. The group also focused on the establishment of transport routes and in particular, railways from Turkmenistan to Afghanistan. Azizi emphasized the desire of the Afghan business sector to further increase trade with Turkmenistan, develop Afghanistan’s infrastructure, and exploit the transit potential of both countries. Afghan TOLOnews, quoting Mergen Gurdov, head of the Chamber of Commerce and Industry of Turkmenistan, reported that in 2023, trade between Turkmenistan and Afghanistan generated $457 million and this January alone, $46 million. The agro-industrial sector was cited as a promising field for Turkmen-Afghan cooperation, with the Turkmen Foreign Ministry raising the issue of transboundary water resources. Turkmenistan insists that the use of water involves cooperation with neighboring countries, conducted in accordance with international law, and based on principles of mutual respect and in the spirit of traditional good neighborliness. Afghan Minister Azizi pledged that regarding the use of transboundary water resources and construction of water facilities to further the prosperity of his people, Kabul will honour principles of mutual consent and respect for neighboring countries, especially Turkmenistan, with whom Afghanistan has long maintained an amicable relationship. The issue came to the fore last month following Afghanistan’s announcement that construction has begun on the second phase of the Qosh Tepa Canal; a project prioritized by the Taliban- led government since early 2022. By diverting water from the Amu Darya River, the canal will convert 550,000 hectares of desert into farmland in northern Afghanistan, but could also have an adverse effect on agriculture in downstream Uzbekistan and Turkmenistan.

Turkmenistan Eyes Greater Role in Organization of Turkic States

Turkmenistan may become a full member of the Organization of Turkic States this year. Gurbanguly Berdimuhamedov, the country's former president and current chairman of its Halk Maslahaty (People’s Council), suggested as much in response to media questions during the Antalya Diplomatic Forum in Turkey, according to Turkmen state news outlet TDH. The Organization of Turkic States comprises countries that speak Turkic languages: Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan. Its principal aim is to promote collaboration and goodwill among its member nations. Turkmenistan is currently only an observer of the organization, together with Hungary. Berdimuhamedov suggested last year during the organization's summit in Astana, Kazakhstan, that the organization could collaborate on a plan he had devised for cooperation in the energy sector.

Turkmenistan and Turkey to Collaborate on Export of Natural Gas to Europe

Turkmenistan and Turkey are to collaborate on a project that will pave the way for transportation of Turkmen natural gas through Turkey to European markets. A declaration of intent on cooperation in the field of hydrocarbon resources, alongside a memorandum on natural-gas partnership between the Turkmen State Concern Türkmengaz and the Ministry of Energy and Natural Resources of Turkey, were signed by Turkish President Recep Tayyip Erdogan and Turkmenistan's Chairman of the People's Council, Gurbanguly Berdimuhamedov at a meeting on the margins of the Antalya Diplomatic Forum on March 1st. The export of Turkmen gas to Europe will necessitate the construction of a gas pipeline across the Caspian Sea to Azerbaijan; a project revisited since the 1990s but not yet implemented. Diversification of natural-gas export routes remains a pressing issue for gas-rich Turkmenistan. Today, China is the largest importer of Turkmen gas, transported by pipeline via Uzbekistan and Kazakhstan. Smaller volumes of Turkmen gas are exported to Russia. Turkmenistan continues to work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project to transport natural gas to South Asia. After years of delays in the construction of the Afghan section due to funding and security issues, Turkmen and Afghan authorities are now close to advancing the project.