Bilateral Relations - The Times Of Central Asia

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Bilateral Relations

Trade and Migrant Workers Fuel Serbia’s Growing Ties with Uzbekistan

BELGRADE – While seeking to join the European Union – a process that has been going on for nearly two decades – Serbia is also moving to build closer relations with Central Asia. After expanding cooperation with Kazakhstan earlier this year, the Southeast European nation is now looking to replicate that momentum in its relations with Uzbekistan. At first glance, the two countries seem to have little in common. Serbia is a relatively small economy with strong ties to European markets, while Uzbekistan is Central Asia’s most populous nation and one of the region’s fastest-growing economies. Yet the two states are actively expanding their cooperation. On September 8, Serbian President Aleksandar Vucic and his Uzbek counterpart, Shavkat Mirziyoyev, signed a joint statement establishing a strategic partnership between Belgrade and Tashkent. Uzbekistan’s leader’s visit to Serbia comes less than a year after Vucic made his first official trip to the Central Asian state. In the meantime, the Serbian government announced its plans to open an embassy in Tashkent – a move that will undoubtedly further strengthen diplomatic and economic ties between the two countries. While the economy was at the top of the agenda during Vucic and Mirziyoyev’s talks in Belgrade, the meeting also carried significant political importance for the Serbian leader. Mirziyoyev arrived in Serbia on September 7, when thousands of people gathered to attend the funeral of former Bosnian Serb military commander Ratko Mladic. His death and the public tribute to him have reopened divisions over Serbia’s wartime legacy and further complicated its relationship with the European Union. Vucic had a long-standing reason not to attend the ceremony: he was due to meet Mirziyoyev at the airport. However, multiple opposition figures accused the Serbian leader of using Mirziyoyev’s visit as a justification for staying away, with one alleging that the visit had actually been rescheduled to give him an excuse. The following day, the two leaders, as well as Serbian and Uzbek delegations, signed 20 agreements in various fields, from digitalization and renewable energy to trade, transport, agriculture, tourism, healthcare, and culture. Vucic even hinted that Serbia aims to expand military ties with Uzbekistan. As he stressed, Belgrade plans to develop long-range ballistic missiles over the next year and has invited Uzbekistan to cooperate in this area. Meanwhile, the Southeast European nation is expected to establish direct flights between Belgrade and Tashkent within the next seven to eight months. More importantly, Serbia, which has free trade agreements with the European Union, China, Turkey, the UK, and the Eurasian Economic Union, as well as regional Balkan nations, hopes to strike such a deal with Uzbekistan. According to Jagoda Lazarevic, the country’s Minister of Internal and Foreign Trade, if the process succeeds, Serbia would become the first European country to enter into free trade talks with Uzbekistan. However, bilateral trade between the two nations remains relatively small, reaching $41.8 million in 2025. By comparison, according to data from Kazakhstan’s Ministry of Trade and Integration, trade between the largest Central Asian country...

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...

Bilateral Cooperation

Uzbekistan and Azerbaijan Target $1 Billion in Trade as Investment and Transit Links Expand

Uzbekistan and Azerbaijan have set a target of increasing bilateral trade to $1 billion by 2030, as economic ties expand from a relatively low base into vehicle manufacturing, oil and gas, investment, and transport across the Caspian Sea. Azerbaijani President Ilham Aliyev’s state visit to Uzbekistan on August 23–24 added new projects to that list. The two presidents signed a Treaty on Eternal Friendship and a program aimed at increasing bilateral trade to $1 billion by 2030. Political relations, meanwhile, have been moving faster than economic ties. In 2023, the two countries established the Supreme Interstate Council, and a year later they signed a Treaty on Allied Relations. The latest trip was Aliyev’s third state visit to Uzbekistan in five years and his seventh visit overall. Aliyev said ahead of his trip to Tashkent that bilateral trade more than tripled in 2025 to reach $795 million. Uzbekistan’s Center for Economic Research and Reforms, however, reported a much lower total of $307.3 million for the same year. Neither side has explained the discrepancy, which may reflect different definitions of trade. Sustaining growth toward the $1 billion target will require broader trade and more joint production, including goods aimed at markets beyond the two countries. From Trade to Investment The Azerbaijan-Uzbekistan Investment Company is intended to help turn some of these plans into operating businesses. Established in 2023 with $500 million in capital, the company finances projects in both countries. Some areas of cooperation have already reached the production stage. Azerbaijan’s Azermash CP works with Uzbek manufacturers to produce Chevrolet and Isuzu vehicles in Azerbaijan. By July, more than 10,700 Chevrolet vehicles and 275 Isuzu buses had been produced. More than 130 commercial entities with Uzbek investment are registered in Azerbaijan. During the latest visit, the two sides opened a gypsum plant. They also laid foundations for five SOCAR filling stations and a silver-ore enrichment plant. For Baku, the interest in Uzbekistan is understandable. With a population of more than 38 million, Uzbekistan is Central Asia’s most populous country. The Uzbek economy is growing rapidly, while the authorities are opening more sectors to private and foreign capital. For Azerbaijani companies, this offers access to a market considerably larger than their own as well as a foothold in Central Asia. For Tashkent, Azerbaijan offers investment and expertise in the oil and gas sector. SOCAR, the Azerbaijani state oil company, has been operating in Uzbekistan for years. A joint venture between Uzbekistan’s O‘ZLITINEFTGAZ and the Azerbaijani company’s research institute has been operating since 2016. Cooperation is now gradually moving from engineering services toward much larger exploration and potential production projects. The main project is on the Ustyurt Plateau in western Uzbekistan. BP joined the project in May 2026 with a 40% stake, while SOCAR, which is the operator, and Uzbekneftegaz each hold 30%. Total investment could reach around $2 billion if commercially viable reserves are found and the project proceeds to development. As previously reported by The Times of Central Asia, the project envisages extensive seismic...

Bilateral Relations

Kazakhstan Uzbekistan Council of Regional Leaders Holds First Meeting

The first meeting of the Kazakhstan-Uzbekistan Council of Regional Leaders was held in the Caspian city of Aktau on July 24, involving Kazakh Prime Minister Olzhas Bektenov and Uzbek Prime Minister Abdulla Aripov, according to the Kazakh government. The new platform for regional cooperation is aimed at facilitating trade and investment, as well as strengthening transport links and cross-border partnerships. “We attach special importance to the comprehensive development of our strategic partnership with our brotherly Uzbekistan,” Bektenov said, describing the establishment of the Council of Regional Leaders as a "logical" step in the two countries' relationship. Bektenov noted that direct ties between regions would play an important role in expanding trade and investment, adding that he was confident the council “will make a significant contribution” toward achieving the goal set by the two presidents of increasing bilateral trade to $10 billion. Aripov, his Uzbek counterpart, described Aktau as a symbolic venue for the inaugural meeting, calling it “the pearl of the Caspian Sea” and one of the region’s key transport and logistics hubs. “Kazakhstan is not only a close neighbor for Uzbekistan, but also a reliable strategic partner and ally,” Aripov said. “Interregional cooperation has become one of the priority areas of our partnership, and that is why our respected presidents decided to establish the Council of Regional Leaders.” He said direct contacts between regional authorities would provide “a powerful impetus” for further strengthening Uzbek-Kazakh relations. Bektenov also highlighted the importance of fully launching the Central Asia International Center for Industrial Cooperation, saying the project should be filled with competitive and mutually beneficial initiatives. Transport and logistics featured prominently in the discussions. Kazakhstan and Uzbekistan two countries share a border of approximately 2,300 kilometers and officials stressed the need to further develop infrastructure connecting the two countries. Particular attention was given to the Trans-Caspian International Transport Route, which is linked to the North-South corridor and the Trans-Afghan route. According to the Kazakh government, cargo handling through the ports of Aktau and Kuryk reached 8 million tons last year. During the first half of 2026, container traffic through Kazakhstan’s ports increased by 5%, surpassing 50,000 twenty-foot equivalent units (TEUs). The two sides also discussed expanding tourism cooperation, citing growing interest among citizens of both countries in visiting historical and cultural destinations. Regional leaders from both countries presented development plans during the plenary session. Participants included the governors of Kazakhstan’s Mangystau and Turkistan regions, the deputy mayor of Shymkent, and the governors of Uzbekistan’s Jizzakh, Syrdarya, and Tashkent regions. More than 300 business representatives from Kazakhstan and Uzbekistan also attended the event. The meeting concluded with the signing of several memorandums between the regions of the two countries, along with commercial agreements worth more than 80 billion tenge, or approximately $170 million. According to the Kazakh government, the new agreements are expected to strengthen cross-border cooperation, support joint investment projects, and contribute to the long-term economic development of Central Asia.

Strategic Partnership

Uzbekistan and Belarus Establish Strategic Partnership in Minsk

Uzbekistan and Belarus have established a strategic partnership following President Shavkat Mirziyoyev's official visit to Minsk, where the two governments signed a broad package of economic, labor, scientific, and cultural agreements. According to the Uzbek presidential press service, Mirziyoyev visited Minsk on July 8-9 at the invitation of Belarusian President Alexander Lukashenko. He was welcomed with an official ceremony at the Palace of Independence before the two leaders held both one-on-one and expanded talks with their delegations. The visit marked a notable milestone in a relationship that has expanded steadily in recent years. Diplomatic relations between Uzbekistan and Belarus were established on January 21, 1993, but Uzbekistan opened its first embassy in Minsk only in March 2018. Before that, the Uzbek Embassy in Russia also covered Belarus. The relationship is developing while Belarus remains under extensive European Union sanctions over human rights abuses and its support for Russia's war against Ukraine. Speaking after the talks, Mirziyoyev said the visit had become “a historic event in the development of Uzbek-Belarusian relations.” He said the newly signed declaration “marks the beginning of a new chapter in strengthening interstate cooperation” and demonstrates both countries’ commitment to long-term partnership. The leaders highlighted the rapid growth in economic ties. According to the Uzbek side, bilateral trade has nearly tripled over the past five years and approached $1 billion by the end of 2025, while trade during the first months of 2026 rose by another 30%. Official figures differ according to methodology. The Uzbek side said bilateral trade approached $1 billion in 2025, while Belarusian trade figures put goods trade at almost $855 million and services at $207.9 million. Belarusian state news agency BelTA also said around 230 enterprises with Belarusian capital are registered in Uzbekistan and that Belarus had a positive trade balance of more than $517 million. Both presidents said the target of $2 billion in annual trade is achievable by 2030. To support that goal, the two governments adopted a 2026-2030 action plan covering trade, economic, social, and humanitarian cooperation. The plan includes measures to expand collaboration in agriculture, mechanical engineering, pharmaceuticals, electrical engineering, microelectronics, textiles, furniture production, and other manufacturing sectors. One of the most significant areas discussed was nuclear energy. The Uzbek presidential press service said the parties agreed to draw on Belarusian experience in the construction of Uzbekistan’s first nuclear power plant and related infrastructure. Belarus operates the Russian-financed Ostrovets plant, whose two VVER-1200 units were built by Atomstroyexport. Uzbekistan’s own project is being developed with Russia’s Rosatom and is planned to combine two VVER-1000 reactors with two smaller RITM-200N units. Political analyst Mukhtor Nazirov said the declaration represented a qualitative change and could create opportunities for investment, technology transfer, and industrial cooperation. He described nuclear cooperation as “one of the most important components of the strategic partnership,” arguing that it required a particularly high level of trust. Labor migration also emerged as a major theme. During the talks, Lukashenko invited Uzbek citizens, especially families, to move to Belarus to...

Bilateral Relations

Uzbekistan and Georgia Deepen Ties as Tashkent Eyes Black Sea Routes

Uzbekistan and Georgia have elevated their relations to a strategic partnership as Tashkent seeks wider access to Black Sea ports and new routes linking Central Asia with European markets. As The Times of Central Asia previously reported, Mirziyoyev traveled to Georgia on a July 2-3 state visit aimed at expanding cooperation in trade, transport, investment, and regional connectivity. The visit concluded with the signing of a Strategic Partnership Declaration and a series of agreements designed to deepen political and economic ties. Uzbekistan and Georgia established diplomatic relations on August 19, 1994. Their cooperation was formalized a year later with the signing of the Treaty on Friendship and Cooperation. While political dialogue has continued over the years, bilateral engagement has accelerated since 2022 through regular presidential meetings, visits by prime ministers, sessions of the intergovernmental commission, and consultations between the two countries’ foreign ministries. Last year, on March 5, Georgian Prime Minister Irakli Kobakhidze visited Tashkent, where the two sides discussed expanding cooperation. The latest visit built on those discussions. According to the Uzbek presidential press service, the two leaders agreed to strengthen cooperation in politics, trade, investment, transport, tourism, and humanitarian exchanges. Bilateral trade reached $270 million in 2025, and has already exceeded $100 million since the beginning of this year. Both governments adopted the goal of increasing annual trade to $1 billion through a dedicated roadmap, reducing trade imbalances, and expanding exports through reciprocal industrial exhibitions. Transport and logistics featured prominently in the talks. The leaders agreed to expand the use of Georgia’s Poti and Batumi ports for Uzbek cargo and supported plans to establish a logistics hub that would include an industrial zone and a permanent showroom for Uzbek products. Mirziyoyev also proposed linking the future China-Kyrgyzstan-Uzbekistan railway with the Baku-Tbilisi-Kars railway, a move that could create a new transport corridor connecting Central Asia with European markets. The two countries also agreed to establish a joint investment fund and launch new industrial projects in agriculture, electrical engineering, pharmaceuticals, renewable energy, food processing, construction materials, digital technologies, digital banking, and tourism. Uzbekistan will also open an embassy in Georgia, while educational and tourism forums are scheduled to take place later this year. Political analyst Mukhtor Nazirov believes the visit represents more than a routine diplomatic exchange. Speaking to local media, he argued that Georgia is increasingly becoming Uzbekistan’s gateway to Europe as Tashkent seeks to diversify its foreign trade routes. “Today, a country’s economic opportunities are largely determined by its transport corridors and access to foreign markets,” Nazirov said. “The signing of the Strategic Partnership Declaration is therefore an important event in Uzbekistan’s foreign policy.” Nazirov noted that the Trans-Caspian International Transport Route, commonly known as the Middle Corridor, has become increasingly important for Uzbekistan. According to him, the route carried 12% of Uzbekistan’s foreign trade cargo in 2021, but that share has now risen to 28%. Official figures show that 1.2 million tons of cargo were transported along the corridor in 2025, while container train transit times to...