Our People > Javier M. Piedra

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Javier M Piedra is a financial consultant with over 40 years of work experience in private and public sectors, international development, finance, marketing and advisory across multiple disciplines (corporate and retail banking, SMEs, hedge fund management, credit reporting, restructuring and sovereign and corporate risk management). He is former acting Assistant Administrator for Asia at USAID in President Trump's first administration.

Articles

Bilateral Trade

Japan Sets Sights on Deeper Economic Ties with Kyrgyzstan

In an interview with AKI.TV, Japan’s Ambassador to the Kyrgyz Republic, Ryuichi Hirano, said that Japan intends to move its longstanding relationship with Kyrgyzstan toward a broader economic partnership based on shared interests. Ambassador Hirano pointed to Kyrgyzstan’s growing economic and diplomatic weight. “I know that Kyrgyzstan’s economy is growing rapidly. Moreover, Kyrgyzstan is strengthening its presence in the international community, particularly as a prospective new member of the UN Security Council,” he said. Kyrgyzstan was elected to a non-permanent Security Council seat on June 3, 2026 for the 2027–2028 term, and will serve on the Council for the first time. Economic data for Kyrgyzstan has been robust in recent years. Official figures put Kyrgyzstan’s real GDP growth at about 11.1% in 2025, the second consecutive year above 11% and well above the 2025 forecasts of the International Monetary Fund and the Asian Development Bank. Ambassador Hirano stressed the need for more reciprocal cooperation. “I believe we already have a solid foundation for developing our bilateral relations on a mutually beneficial basis, and I would like to do my part to advance them,” he said. President Sadyr Japarov’s visit to Japan gave fresh impetus to deepening bilateral relations. On December 20, 2025, he met Prime Minister Sanae Takaichi, and the two leaders signed a joint statement on the further development of relations through mutually beneficial cooperation. In the interview, Ambassador Hirano said he attended the meeting and described it as productive and positive. The statement builds on the 2023 Joint Statement on Friendship and Comprehensive Partnership in the New Era, signed during Japarov’s November 2023 visit to Japan. The agenda has since shifted toward trade, investment, and commercial opportunities. Japan’s recorded exports to Kyrgyzstan reached ¥13.01 billion (US$82.1 million) in 2025, while imports from Kyrgyzstan totaled ¥79.2 million (US$ 505,000). Bilateral trade therefore remains small and heavily weighted toward Japanese exports, which leaves considerable room for diversification and growth, especially on the Kyrgyz side. Five areas stand out for the emerging partnership: critical minerals, including antimony and silicon; energy, especially hydropower and renewable electricity; transport infrastructure; agriculture and food processing; and digital technologies, satellite applications and education. Transport connectivity also has a regional dimension. The Tokyo Declaration adopted at the Central Asia plus Japan summit in December 2025 made stronger links between Central Asia and international markets a priority, including support for the Trans-Caspian International Transport Route. Kyrgyzstan’s role in the China–Kyrgyzstan–Uzbekistan railway, with tunnels now under construction, could strengthen its position not only in trade between China, Central Asia and Europe, but also in trade with Japan. While not mentioned directly by Ambassador Hirano, stronger institutional groundwork is also being laid. Japan and Kyrgyzstan signed a new double-taxation agreement on December 19, 2025. It entered into force on July 26, 2026, although most of its provisions apply from January 1, 2027. At their December meeting, the two leaders also agreed to establish an intergovernmental commission on trade, economy, culture and human exchange. They said they wanted to conclude a...

20 hours ago

Critical Minerals

Kazakhstan’s Carbon Black: Finding Value in Mining By-Products

London-listed Ferro-Alloy Resources (FAR) is developing a large vanadium deposit in Kazakhstan, as The Times of Central Asia reported in July, and operates a smaller concentrate-processing plant that recovers vanadium, molybdenum and nickel from purchased concentrates. The project could supply growing markets for vanadium and other critical materials. Beyond its core business, FAR has found additional value in by-products already present in the ore. These include its proprietary Carbon Black Substitute (CBS), a rubber-reinforcing filler that the company says is commercially viable, as well as uranium and rare earth minerals, which are not yet in the project economics and could add to future earnings if they prove profitable. Nicholas Bridgen, FAR’s CEO until October 26 and now its non-executive deputy chairman, told TCA: “Our ore gives us multiple sources of revenue. The vanadium pays for the mine and much else, while the carbon and silica left behind, not to mention rare earth metals, become products in their own right.” At an 8% post-tax discount rate, FAR’s Phase 1 delivers a $748 million net present value (NPV) and a 22% internal rate of return (IRR), the company reports, rising to US$931.6 million and 31% on lower capex (November 2025). These figures already include the original CBS, made from vanadium-plant tailings; FAR’s New CBS, made from waste rock, is excluded and would be additional. Rubber manufacturers represent 93% of carbon black demand, making them a potential market for CBS. FAR estimates that the product could sell for about 60–74% less than the conventional carbon black prices cited below and have approximately 90% lower production emissions. Carbon black Carbon black is a reinforcing filler found in most rubber goods, including tires, hoses, conveyor belts, and shoe soles. Its primary particles, only tens of nanometers wide, fuse into aggregates with very high surface area, and rubber chains attach to that surface through both physical and chemical bonds. This makes the rubber stronger, harder, and more resistant to wear. Amorphous silica performs a comparable role, with its surface silanol groups linked to the rubber by silane coupling agents, and it is frequently used alongside carbon black. Unlike graphite, a naturally occurring, highly ordered crystalline carbon prized for conductivity, lubrication and batteries, carbon black is an engineered, near-spherical amorphous carbon made in a furnace for rubber reinforcement. The global carbon black market stood at 15.15 million tonnes in 2025 and is forecast to reach 21.83 million tonnes by 2034, expanding at a CAGR of 4.14%. Rising demand for tires and automotive products is driving much of the growth. Why it is costly Barry Angeline, chemical engineer and polymer physicist, explains that “more than 95% of carbon black is manufactured through the oil-furnace process, which heats and decomposes hydrocarbon feedstocks at high temperatures. The resulting microscopic carbon particles,” he continued, “are quenched, separated from exhaust gases, then processed into pellets for use primarily as a reinforcing agent in rubber. Roughly 1.5 tonnes of fossil feedstock is consumed per tonne of carbon black, and 2.5 tonnes or more of...

1 week ago

Bilateral Relations

A First for Kyrgyzstan – Japarov’s Historic Visit to Armenia

For the first time, a Kyrgyz head of state has made an official visit to Armenia. President Sadyr Japarov arrived in Yerevan on October 15 at the invitation of Prime Minister Nikol Pashinyan and called the three-day trip “historic.” Talks remained firmly bilateral and produced ten signed agreements, a joint commitment to protect Lake Issyk-Kul and Lake Sevan (Armenia), and a stated interest in expanding transit links. Nothing in Japarov’s statement framed cooperation as directed against any third country. He presented it in terms of trade, cooperation, and friendly relations, with dialogue and peace underpinning regional stability. Japarov opened his remarks by noting that Pashinyan had visited Kyrgyzstan twice this year, including the Eurasian Intergovernmental Council session in Cholpon-Ata in August. Pashinyan, for his part, said Japarov’s first official visit to Armenia would open a new page in bilateral relations. Kyrgyzstan and Armenia have been independent since 1991, and both belong to the Eurasian Economic Union (EAEU), a five-nation bloc with a common market for goods, services, capital, and labor. Even so, their leaders have mostly met on the sidelines of multilateral summits. Quiet to Active Diplomacy Under Japarov, Kyrgyzstan has abandoned its quiet diplomacy and begun taking a more active role in international affairs. This year, Japarov has traveled to Armenia (October 15-17), Azerbaijan (October 14-15 and May 17), Turkmenistan (October 8-9), the United States (from September 19), South Korea (September 15-18), Kazakhstan (July 29, May 28-29, and May 15) and Russia (April 23). He reached Armenia fresh from the Conference on Interaction and Confidence-Building Measures in Asia (CICA) in Baku, where Central Asian leaders linked trade and security issues. Bishkek’s shift in foreign policy emphasis owes less to geopolitics than to economic necessity and a practical, non-ideological pursuit of national interests. Its commitment to dialogue, regional stability and good-neighborliness is central to a foreign policy aimed at win-win results. Biodiversity Diplomacy In Yerevan, Japarov attended the opening of the Leaders' Summit within the 17th UN Conference of the Parties on Biological Diversity (COP17). On October 16, he addressed the plenary, presenting initiatives on glacier melt and biodiversity in Central Asia, and met UNESCO Director-General Khaled El-Enany. Among the specific proposals, Japarov recommended a special mountain program within the Global Environment Facility at the World Bank to fund environmental projects in mountain regions, and a UN-backed trust fund for Issyk-Kul, to which Kyrgyzstan proposed an initial $10 million contribution from its state budget. He also called for a Global Center for Mountain Region Resilience in Bishkek, where countries could share knowledge and experience on environmental protection. Japarov further backed a debt-for-nature swap mechanism, which would let countries use financial resources more effectively to protect ecosystems, and urged stronger regional cooperation to protect rare animals and birds. The Yerevan Declaration followed the usual diplomatic template, restricted mainly to high-level language. Japarov invited Pashinyan to attend “Bishkek+25,” the Second Global Mountain Summit, on 21–23 October 2027, to mark the culmination of Kyrgyzstan’s Five Years of Action for Mountain Development. Transport at...

2 weeks ago

TCA Interviews

Kazakhstan’s Education Chief Turns to Sci-Fi to Explain His AI Vision

As Kazakhstan’s 2026 academic year began, The Times of Central Asia spoke with Sayasat Nurbek, Minister of Science and Higher Education, in Astana. Drawing on science fiction films and novels, Nurbek discussed how universities can embrace AI while protecting students’ independent thinking. He also reflected on human agency and the limits of technology. TCA: A new academic year brings new challenges for you and your team in this age of AI. On your website, you write: “It does not matter how long you spend on the earth, how much money you have gathered or how much attention you have received. It is the amount of positive vibration you have radiated in life that matters….” With this in mind, what are your priorities as Kazakhstan’s Minister of Science and Higher Education as AI reshapes the field? Nurbek: My priority is students who are fully alive, not just fully efficient. AI can handle the routine, so Kazakhstan’s universities must protect what machines can’t: curiosity, imagination, judgment, critical thinking, and character. Technology should serve growth in these areas, never replace them. Success isn’t output; it’s lives that radiate something positive. AI is a tool, and tools cut both ways. We’re welcoming AI into higher education with open eyes and high standards. I want students who think for themselves, use AI wisely, and own their personal sovereignty, if you will. I do not want self-absorbed people who forget about others, society, and the nation. AI is powerful and easy to abuse, so Kazakhstan nurtures critical thinking, curiosity, and creativity in the AI age. I will use Sci-fi movies and novels to help me explain why. TCA: Certainly. What do you mean by students need to “own their sovereignty”? Nurbek: Education in Kazakhstan is about building minds and virtue, not just collecting answers and performing tasks. If AI does the writing, problem-solving, and summarizing, our students may get an answer without learning how to find solutions. Real understanding comes from the effort to learn. It comes from struggle, doubt, revision, failure, sharing, steadfastness, patience, starting again, and, yes, celebrating success. That’s why it’s key for Kazakhstan’s universities to set clear boundaries and teach students when and how to use AI. AI can undermine learning if it replaces their own thinking. AI should support thought, not substitute for it. TCA: What are your thoughts about the impact of AI on learning? Nurbek: Used ethically, AI is a huge opportunity for Kazakhstan. The world is racing to adopt it, so our universities can’t ignore it, but they mustn’t swallow the hype or miss the dangers. A PISA 2025 study found that students who use AI to summarize or draft score noticeably lower in science, by roughly a year of schooling. That is a correlation, though, not proof of causation. Other studies find AI users shine in practice, then stumble horribly on exams. TCA: So, it seems you have mixed feelings about the introduction of AI? Nurbek: The PISA data tells us more. Students who regularly use AI...

3 weeks ago

TCA Interviews

Kyrgyzstan’s NISI Director on Reform, Red Tape and a Bigger Global Role

On September 15, 2026, The Times of Central Asia spoke with Shumkarbek Adilbek uulu, director of the National Institute for Strategic Initiatives (NISI) under the President of the Kyrgyz Republic. Established in its current form in 2024 through the merger of two institutes, NISI provides strategic advice to the country's leadership and develops proposals to reduce bureaucracy. Adilbek uulu discusses Kyrgyzstan's priorities for its 2027–2028 UN Security Council term and its approach to climate diplomacy. He also outlines NISI's work on economic reform and digital public services, including efforts to help smaller businesses grow. Some views expressed in this interview reflect Adilbek uulu's personal opinions rather than the official position of NISI or the Kyrgyz government, as he notes in his answers. The English text has been lightly edited for readability. TCA: What have been your main priorities since becoming director, and how did you come to join NISI? Adilbek uulu: We're focused on practical ways to drive sustainable economic growth at home: a smaller, simpler government, more room for business, and productive relations abroad that feed into our domestic agenda. By protecting our national interests, our diplomats support the domestic goal of building up the Kyrgyz Republic, nation-building if you will, without getting caught up in other countries' ambitions. I joined NISI in 2025 to help break through decades of bureaucratic gridlock, a real drag on economic development. Minister Ayaz Baetov brought me in. At the time, he was the Minister of Justice, Deputy Chairman of the Cabinet of Ministers, and NISI's director, all at once. He told me NISI's job was to give the Presidential Administration strategic advice that's pragmatic and rooted in Kyrgyz insight. I agreed and have been working at it since. That's our core job. Interestingly, Minister Baetov was just named Kyrgyzstan's Permanent Representative to the UN in New York. The significance of the contribution Mr. Baetov has made to the effort to reduce bureaucracy remains to be fully assessed. I am confident it will be rated highly, as we will feel the positive impact of many of his ideas and decisions in the future. TCA: Kyrgyzstan was recently elected a non-permanent member of the UN Security Council for 2027–2028. Will NISI be more focused on foreign policy now? Adilbek uulu: With Kyrgyzstan on the Security Council, the government will be pulled into issues outside our usual remit, so NISI will be in even closer contact with the Ministry of Foreign Affairs. To be clear, I don't speak for the Foreign Ministry. I help shape strategy for our diplomats, businesspeople, and policymakers, and I track what's happening overseas and in our neighborhood. UNSC issues will be high on our agenda, and we'll support the MFA on long-term thinking. As one example, I just got back from the China Economic and Social Forum in Hangzhou, China. The forum focused on the environment and natural resources. I'll be putting together a memo for the Office of the President with our observations. TCA: How does climate vulnerability...

2 months ago

FIDE Chess Olympiad

Samarkand Chess Olympiad Hosts FIDE Election as Timur Turlov Outlines His Plans

The 46th FIDE Chess Olympiad in Samarkand, Uzbekistan, brings national teams together from September 15 to 27. Alongside the competition, delegates will elect the next leadership of FIDE, the International Chess Federation. Three presidential tickets have been approved for the September 26 election. Entrepreneur Jan Henric Buettner, co-founder of Freestyle Chess with Magnus Carlsen, is running with Malcolm Pein for deputy president. WR Chess founder and WR Group chairman Wadim Rosenstein is standing with Gordon Tang. Freedom Holding Corp. founder and CEO Timur Turlov, who also heads the Kazakhstan Chess Federation, is running with Viswanathan Anand. The Times of Central Asia spoke with Turlov about his experience of chess within his family and his proposals for managing the international federation. TCA: Before we talk about professional chess and FIDE, let’s start at the beginning. What is your personal history with chess? Turlov: I learned to play chess as a kid; my grandfather taught me. He saw it as a parenting tool, and it just became part of the family. Over time I drifted away from the game, but I eventually came back. What brought me back wasn't nostalgia or any urge to win; it was my kids, and the sense that real relationships are built on substance, on actually connecting with and sharing with people. Having six children has been one of the great blessings of my life, and when they started playing and asked me to join them, I had good reason to pick the game back up, this time as a parent, and not as a student. It's a small thing, but it reminded me how much family life keeps you grounded, thinking about someone other than yourself. Chess is one way for people to develop relationships and grow in virtue. TCA: You describe chess as a parenting tool as much as a sport. How does that work in practice? Turlov: With six children, finding one consistent way to connect with all of them isn't easy. They're each unique, of different ages, and with different personalities. Chess turned out to be that common ground for us that could be cultivated year after year. Sitting across the board from your child is different from a conversation at dinner. It's slower, calmer, and it opens the door to talking about things that usually don't come up otherwise. Honestly, some of my favorite moments as a parent have happened over a chessboard, not in spite of the game but because of it. TCA: Can you give an example of what a chess game actually teaches a child that a normal conversation can't? Turlov: Beyond strategic thinking- call it looking ahead- there's something in chess that matters even more: learning how to win, and especially how to lose. Chess is one of the few structured experiences where a child loses clearly, sees exactly why, and has to sit with that calmly, without a tantrum, without blaming anyone else. As a parent, that's also a moment for reflection. You can talk through the...

2 months ago

TCA Interviews

Kyrgyzstan’s High-Wire Act: Sanctions, Compliance, and National Interest

On September 2, the day after the Shanghai Cooperation Organization’s Heads of State Summit in Bishkek, The Times of Central Asia spoke with Bakyt Sydykov, Kyrgyzstan’s Minister of Economy and Commerce and Special Presidential Representative for Sanctions Policy. He outlined the government’s approach to sanctions compliance and protecting Kyrgyz businesses. Sanctions exposure can affect Kyrgyz banks and businesses, as well as their international partners. U.S. secondary sanctions and EU and UK measures affecting foreign entities operate through different legal mechanisms. Some portions of the text have been edited for clarity. TCA: The sanctions against Russia adopted by the U.S., EU, and UK are not UN Security Council-mandated. Is it correct that Kyrgyzstan’s compliance policy addresses these measures rather than UN-mandated sanctions? Sydykov: That's correct. Secondary sanctions can affect non-U.S., non-EU, and non-UK entities or persons who knowingly facilitate transactions involving sanctioned parties. Our focus is on establishing better and better mechanisms and frameworks that address this bilateral dimension, that is, Kyrgyzstan's direct exposure through its relations with the sanctioning jurisdictions, in order to mitigate our exposure to potential secondary sanctions. TCA: Kyrgyz citizens and businesses can face sanctions exposure through dealings with sanctioned parties, including the risk of U.S. secondary sanctions. What are Kyrgyzstan’s main challenges in improving its compliance regime, and how are you addressing them? Sydykov: For technical reasons, our compliance regime is moving toward putting in place mechanisms that can flag or be anticipatory. I think you would agree that free markets are complicated and circumvention often comes to light only after it has occurred. We are largely equipped to manage these occurrences. We are moving to put in place firewall-like frameworks which would allow the country to identify and respond to occurrences before the fact. It is a great challenge — and one that every country operating in a free-market economy faces — to develop such a capacity, namely, to anticipate and prevent circumvention before it happens. Despite our best efforts, this remains a structural limitation. TCA: What concrete actions have you taken, or are you planning to take? Sydykov: We have established working groups, task forces, and interagency committees capable of swiftly halting the operations of any company engaged in sanctions circumvention. We are also working closely with commercial banks on these efforts. The banks, for their part, have introduced internal compliance committees and, in some cases, adjusted the composition of their boards of directors to strengthen governance and decision-making around potential circumvention risks. The banks are also developing a joint interbank blacklist of sanctioned entities, so that these entities are unable to operate through the banking system going forward. Those are steps to develop a working forward-looking, predictive approach — one that flags suspicious activity before it materializes – central to the comprehensive framework we are building. TCA: Some foreign investors may be reluctant to invest in Kyrgyzstan because of sanctions exposure. How could the measures you are taking address those concerns? Sydykov: Let me first say that we understand the rationale behind...

2 months ago

Astana Finance Days 2026

Astana Finance Days: Rewiring Finance at Institutional Scale – The Case for Deeper Financial Markets

Kazakhstan needs deeper financial markets and a system less dependent on banks, senior financial officials told Astana Finance Days on September 9, 2026. Speakers at the Astana International Financial Centre (AIFC) explored how digital finance could support that shift during the plenary session, "Innovation at Institutional Scale: Rewiring the Architecture of Finance." The turnout was standing-room only. Over the next fifty minutes, the panelists discussed Kazakhstan’s ambitions as a financial hub and the conditions needed to advance them. Moderator Sallianne Taylor, Bloomberg's EMEA Head of Government Relations, opened by asking what is fundamentally changing in the architecture of global finance, and what it means for Kazakhstan. There were five panelists: Timur Suleimenov, Governor of the National Bank of Kazakhstan; Renat Bekturov, Governor of the AIFC; Timur Turlov, Chief Executive of Freedom Holding Corp.; Sergio Mello, Global Head of Stablecoin Solutions at Anchorage Digital; and Balaji Srinivasan, founder of Network School and bestselling author of The Network State. The Governor's Priority: Stability Before Speed Governor Suleimenov began by naming "geopolitical tension" as the backdrop to today's discussions. "This is the elephant in the room, which we cannot ignore," he said, without further comment. He then described trade and finance flows as changing fundamentally, pointing to "division across the Atlantic. We're seeing trade wars, semi-trade wars across the world." He explained that "finance has always been a partner with trade, investment and finance." That atmosphere of uncertainty "reshapes financial flows," he said. Turning to technology, he noted that "with the invention of blockchain, cryptocurrencies, stablecoins, and everything in between, the traditional financial system has started to undergo very fundamental change. I think we're still in the rule-setting phase." As a result, he said, "There is no set of global rules for decentralized finance, for digital finance, crypto finance. Many countries are looking to strike the right balance between the traditional financial institutions such as banks or commodities or securities markets, and the new ways of doing finance that the market is offering." For Kazakhstan specifically, he argued the moment favors the country rather than threatens it. "I think for Kazakhstan, it's more of an opportunity," he said, pointing to its standing as the region's largest economy by GDP and GDP per capita, and its position as "the biggest financial system, the best financial system, the most capitalized" in Central Asia. That confidence carried into the moderator's next question: "As a central banker, how do you balance innovation with preserving that financial stability and trust?" Suleimenov called it "a never-ending story," then offered the line that framed the whole session: "When you see something new, and you don't have the rules for it, of course you have to evaluate it based on its merits and based on principles rather than rules, and then you come up with rules." He was candid about the risk that comes with new financial technology, but just as quick to put it in proportion. "What we've been seeing in Kazakhstan, I mean, it's 90% positive," he said, acknowledging...

2 months ago

Kyrgyzstan-Pakistan Trade

Kyrgyzstan-Pakistan Trade: 12-Fold Growth or Pipe Dream?

One of the most notable of Kyrgyzstan’s agreements at the SCO Summit in Bishkek last week may be its deal with Pakistan to boost annual bilateral trade to US$200 million within the next two years. From a base of roughly US$16 million in 2025, that would represent roughly a twelvefold increase. It's an ambitious target, made more so by associated geoeconomic undercurrents. As long as Bishkek avoids taking sides in any Indo-Pakistan unresolved border or other geopolitical disputes and sticks to trade and commercial issues, Kyrgyzstan should have little to worry about. President Sadyr Japarov emphasized the economic benefits, casting the Joint Statement with Pakistan as a means of bringing greater resources and opportunities to the Kyrgyz people. “The economy should become the foundation of the Kyrgyz-Pakistani partnership,” he told reporters after the talks. Prime Minister Sharif similarly argued that current trade was “not a patch on our friendship, our brotherhood and our very strong relations.” In other words, Sharif thinks that the level of trade between Pakistan and Kyrgyzstan is far too low compared with the strength of their political and diplomatic relationship. The Joint Statement of Japarov and Sharif reads that the two governments “agreed to expand industrial and investment cooperation in the fields of mining and processing industries, agriculture, food, textile and light industries, pharmaceuticals, the halal industry and digital technologies, with particular emphasis on establishing joint ventures, localizing production, exchanging technologies and implementing mutually beneficial investment projects.” The leaders also agreed to promote the Tamchy Special Financial Investment Territory as a platform for international investment, fintech, innovation, and global business. Kyrgyzstan has pushed this priority hard in recent years, with Tamchy SFIT Chairman and Deputy Chairman of the Cabinet of Ministers Ayaz Baetov and Tamchy SFIT Deputy Chairman and Minister of Economy and Commerce Bakyt Sydykov spearheading the effort. The Trade Picture If historical patterns are indicative of future behavior, growth in trade over the next two years points toward pharmaceuticals (already Kyrgyzstan's largest import category from Pakistan, at over $6 million of roughly $14 million U.S. dollars in 2025), textiles and ready-made garments (Pakistan's largest global export sector), dried fruit, rice and other agricultural goods, and a newer category: virtual assets and engagement in the digital and IT space. [caption id="attachment_55574" align="aligncenter" width="1500"] Trade figures: UN Comtrade via TradingEconomics.com, 2025 data.[/caption] Kyrgyzstan’s side of the ledger is thin by comparison. Its exports to Pakistan totaled $1.6 million in 2025, led by mineral fuels at about $719,000. Raw hides and leather accounted for about $341,000. It is worth being precise about what this agreement actually does. It does not describe $200 million of commerce that will simply appear. The Joint Statement seeks to spur that trade by fixing transit problems, which touch, then, on geoeconomics and unresolved territorial issues. Kyrgyz officials have emphasized improving logistics and pointed to Pakistan's Arabian Sea ports as a route to global markets. The tested route runs through western China and across the Khunjerab Pass, following the Karakoram Highway to Sost...

2 months ago

Central Asia-U.S. Relations

In Bishkek, Gor and Daines Put Business First

U.S. Special Envoy for South and Central Asia Sergio Gor and U.S. Senator Steve Daines used their visit to Bishkek this week to put business squarely at the center of Washington's engagement with Kyrgyzstan and Central Asia, with discussions focused on investment, trade, infrastructure and practical steps for turning ideas into deals. Gor and Daines arrived for the opening of the World Nomad Games to cheer on the U.S. team, a visit that coincided with the SCO Summit on its 25th anniversary. The Games were only part of the visit. Much of the agenda focused on economic engagement. They were accompanied by Bethany Morrison, Deputy Assistant Secretary of State for South and Central Asia at the U.S. Department of State. “Called on President Zhaparov today in Bishkek, Kyrgyz Republic,” Gor tweeted. “Many great opportunities for our two nations to work together. We look forward to welcoming President Zhaparov to the United States next month to further advance our growing partnership.” U.S. officials met President Sadyr Japarov on Aug. 31 and held separate talks in Bishkek with Economy and Commerce Minister Sydykov and other officials. Edil Baisalov, Kyrgyz Ambassador to the U.S., accompanied the delegation to their meetings with Kyrgyz officials. Their Bishkek schedule also included meetings with Kazakh President Kassym-Jomart Tokayev, Uzbek President Shavkat Mirziyoyev and Tajik President Emomali Rahmon. Discussions with Kyrgyz officials covered steps needed to advance different types of projects, opportunities for business-to-business cooperation and ways to connect U.S. companies with projects and partners in Kyrgyzstan and the wider region. Mining was among the sectors in focus, as expected, alongside infrastructure, energy, technology and trade. The discussions focused on identifying viable projects, connecting companies and resolving financing and implementation issues. [caption id="attachment_55339" align="aligncenter" width="690"] Daines and Gor. Image: https://x.com/USAmbIndia/status/2094364843390476459[/caption] More than Business The agenda was overwhelmingly commercial, though not exclusively, as Gor himself tweeted: “A very productive meeting with President Mirziyoyev of Uzbekistan. We discussed ongoing cooperation in energy, commerce, and building more robust security ties between our nations. Looking forward to big announcements soon between the U.S. and Uzbekistan.” Or consider this tweet: “Pleased to meet with Tajikistan’s President Emomali Rahmon. Together, the U.S. and Tajikistan are growing our commercial engagement, expanding our health cooperation, and strengthening security and counterterrorism cooperation.” Gor mentioned “security cooperation” with Kazakhstan as well. The latest visit builds on an economic agenda already being developed through the B5+1 business forum, which Gor attended in Bishkek earlier this year. The forum brought together businesses and government officials from the United States and the five Central Asian states, with an emphasis on investment, market access and reducing obstacles to private-sector activity. The discussions in Bishkek also touched on the next C5+1 summit, the U.S.-Central Asian leaders' format involving Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Kyrgyzstan offered to host the next summit in Bishkek. [caption id="attachment_55340" align="aligncenter" width="622"] L/R – Bethany Morrison, Daines, Gor, US Amb Lesslie Viguerie. Image: https://x.com/USAmbIndia/status/2094303173481844848[/caption] For Daines, the visit extended work he has been pursuing on Capitol Hill as chairman...

2 months ago

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