• KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01188 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09434 0.53%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
08 September 2024

Viewing results 1 - 6 of 48

U.S. Ambassador to Kazakhstan: We Never Make Kazakhstan Choose Between “Us Or Them”

In an interview with the KazTAG agency, U.S. Ambassador to Kazakhstan Daniel Rosenblum discussed relations between the U.S. and Kazakhstan. In the two years since his appointment, Rosenblum noted significant progress in developing diplomatic and economic ties between the countries. In particular, he emphasized the importance of Kazakhstani President Kassym-Jomart Tokayev's visit to New York for the C5+1 platform summit, as well as the visits of the U.S. Secretary of State to Kazakhstan and the Kazakhstani Foreign Minister to the United States. Rosenblum also highlighted key support programs initiated by the U.S. in Kazakhstan, including USAID projects to resolve commercial disputes and decentralize public administration. These initiatives help strengthen the business environment and increase foreign investors' confidence in Kazakhstan, which, he said, helps attract more investment. Economic relations between the U.S. and Kazakhstan have shown steady growth, with trade exceeding $4 billion in 2023, a 30% increase over the previous year. The U.S. remains one of the largest investors in Kazakhstan, second only to the Netherlands. In recent years, U.S. companies have shown interest in new sectors, including transportation and critical minerals. For example, Wabtec has invested in locomotive production in Kazakhstan, and Pepsi Co. has invested $160 million to build a plant to produce potato chips and other snacks in Almaty region. The ambassador also discussed democratization and human rights, noting positive developments in Kazakhstan, such as the establishment of the Constitutional Court, and the expanded role of the ombudsman institution. He emphasized that Kazakhstan has worked to improve freedom of speech, assembly, and fair elections. On security issues, the ambassador reiterated the U.S.' commitment to protecting Kazakhstan's independence and sovereignty. He emphasized the importance of joint exercises and programs to strengthen defense and law and order in Kazakhstan. Regarding sanctions against Russia, Rosenblum said that the U.S. respects President Tokayev's position of adhering to international sanctions but does not apply its sanctions against Russia. The U.S. is engaging with the Kazakh government to minimize the impact of these sanctions on the country's economy and to find alternative markets for Kazakh goods. "We know that Kazakhstan needs to maintain good relations with its neighbors. It is natural to have positive trade relations and other types of relations to ensure peace and stability. We recognize and respect that it is not only the right but probably the duty of Kazakhstan to maintain such relations. We never put Kazakhstan before "either us or them" situations; we do not have such an approach to relations. Kazakhstan pursues a multi-vector policy, and we count on being one of the right vectors," the ambassador said. U.S. policy toward Kazakhstan is unlikely to change significantly, even if a Republican president wins the next U.S. election, Rosenblum said. The basic principles of supporting sovereignty and stability in Central Asia will remain unchanged, regardless of the political administration in Washington.

U.S. Refurbishment of Pilatus PC-12 Aircraft for Uzbekistan

US company Sierra Nevada Corporation (SNC) has been awarded a $64.2 million contract to refurbish six Pilatus PC-12 aircraft for Uzbekistan. The work will be performed in Uzbekistan and completed by August 2027. According to the U.S. Defense Department's website, the contract which was awarded under the U.S. Department of Defense's Foreign Military Sales (FMS) program, includes not only the restoration of the aircraft but also logistical support and on-site maintenance. The Pilatus PC-12 is a single-engine turboprop aircraft widely used for various missions, including surveillance and transportation. Since the aircrafts' proven reliability lends itself to civilian and military applications, their rehabilitation will have a significant impact on the expansion of Uzbekistan's aviation capabilities, including long-range monitoring and transportation missions. It is worth noting that the Pilatus PC-12 aircraft is often used in difficult conditions due to its ability to take off and land on short runways, making it indispensable for operations in Uzbekistan's remote and hard-to-reach regions.

Kyrgyzstan and Turkmenistan to Increase Trade and Economic Cooperation

On July 25, Kyrgyzstan hosted the 6th meeting of the Kyrgyz-Turkmen intergovernmental commission on trade, economic, scientific, technical, and humanitarian cooperation, chaired by Kyrgyzstan’s Deputy Chairman of the Cabinet of Ministers—Bakyt Torobaev, Minister of Water Resources, Agriculture and Processing Industry, and Annageldi Saparov, Minister of Energy of Turkmenistan. The parties noted the sevenfold increase in trade turnover between Kyrgyzstan and Turkmenistan over the past four years and discussed means for further improvement.  In 2023, bilateral trade totalled $64 million. Torobaev proposed opening a joint bonded zone in Turkmenistan to develop trade infrastructure and postal operations in e-commerce. He also noted that providing preferential tariffs for Kyrgyz cargo trucks through Turkmenistan's territory and simplifying the visa procedure for Kyrgyz drivers will significantly expand bilateral trade exchange. Due to their geographical locations, the parties emphasized that Kyrgyzstan and Turkmenistan have significant potential in the transport and logistics sector. In particular, the planned launch of a transport corridor from China through Kyrgyzstan and Uzbekistan to Turkmenistan, utilizing the Turkmenbashi seaport, will provide access to the Caspian Sea and the Russian Federation, opening up new economic opportunities for both countries. The meeting addressed the need to continue working on creating a Kyrgyz-Turkmen Development Fund as a mechanism for uniting the two countries' business sectors and stimulating the creation of joint ventures. The parties also discussed a project to build a Turkmen resort in Cholpon-Ata at Lake Issyk-Kul. The Kyrgyz government’s press service stated that the parties signed documents on Kyrgyzstan's import of Turkmen electricity in 2025 but did not disclose details.

Kazakhstan and Uzbekistan Set to Expand Economic Cooperation

On July 12, the 21st meeting of the Kazakh-Uzbek Intergovernmental Commission on Bilateral Cooperation was held in Almaty, co-chaired by the Prime Ministers of Kazakhstan and Uzbekistan, Olzhas Bektenov and Abdulla Aripov. As reported by the Kazakh prime minister’s press service, the parties exchanged views on their bilateral agenda ahead of the upcoming visit of Uzbekistan's President Shavkat Mirziyoyev to Kazakhstan. The prime ministers discussed joint projects in trade, the economy, investment, water and energy sectors, transport, industry, agriculture, ecology, and digitization. It was noted at the meeting that Kazakhstan and Uzbekistan account for 57% of all trade in Central Asia. Last year, the trade turnover between the two countries amounted to $4.5 billion; during the first four months of 2024, the figure exceeded $1.2 billion. The industrial cooperation portfolio of Kazakhstan and Uzbekistan includes 69 projects worth $3.1 billion, which have created more than 14,000 jobs. Furthermore, twelve joint projects worth $217 million have been successfully implemented, creating another 4,500 jobs. The ongoing construction of the International Center for Industrial Cooperation, "Central Asia," in a border area between the Turkestan region of Kazakhstan and the Syr Darya region of Uzbekistan will create additional opportunities for joint projects. Kazakh Prime Minister Bektenov emphasized that Uzbekistan is one of the largest trading partners of Kazakhstan, adding that the heads of the two states have set the task of increasing bilateral trade to $10 billion in the medium term. Uzbek Prime Minister Aripov, meanwhile, stated that relations between Kazakhstan and Uzbekistan have rapidly developed in the spirit of strategic partnership in recent years. Still, he noted, there is enormous potential for their further strengthening.

Kyrgyzstan and Switzerland Strengthen Cooperation

On July 3, Kyrgyzstan President Sadyr Japarov met the Federal Councilor and Minister of Foreign Affairs of Switzerland, Ignazio Cassis in Cholpon-Ata on Lake Issyk-Kul to discuss strengthening cooperation between the two countries. Switzerland has long conducted an expansive development program in Kyrgyzstan in sectors including economic development, governance, water, and infrastructure. The Kyrgyz president expressed satisfaction in their fruitful cooperation to date, with specific reference to the joint implementation of a dairy production enterprise in the Issyk-Kul region, as well as the reconstruction of the At-Bashi hydroelectric power plant, to which Switzerland has contributed over 20 million Swiss francs. Looking ahead, he proposed strengthening cooperation in the banking sector and tourism, and promoting the mining agenda. Japarov stated that in 2023 the volume of bilateral trade exceeded $1 billion and spoke of the need to increase that figure. On the same day, the Swiss Minister met the Minister of Foreign Affairs of the Kyrgyz Republic, Jeenbek Kulubaev. Following discussions on bilateral relations and the positive outcomes of projects supported by Switzerland and implemented in Kyrgyzstan, both parties agreed to intensify collaboration. As reported by the Embassy of Switzerland in the Kyrgyz Republic, the visit afforded Minister Cassis the opportunity to witness first hand, the progress of Swiss projects implemented in Kyrgyzstan for over $500 million since 1994. The visit concluded with an evening reception, organized by the Swiss Embassy, to celebrate the Swiss National Day.

Kazakhstan and China Cement Strategic Partnership

On July 3 , Kazakhstan President Kassym-Jomart Tokayev held a meeting in Astana with Chinese President Xi Jinping, during the latter's state visit to Kazakhstan. Tokayev opened the talks by hailing China a strategic partner and one of Kazakhstan’s main allies. In response, Xi Jinping announced that China considers Kazakhstan a priority in its foreign policy relations with neighbouring countries and an important partner in Central Asia, whilst confirming,  “I assure you that China will always be a reliable support for Kazakhstan.” Negotiations revolved around the development of cooperation in investment in various sectors, including e-commerce, the manufacture of automobiles and auto parts, transit and transport, logistics, energy, agriculture, finance, and tourism. Following the meeting, Tokayev told journalists that the development of strong political relations between Kazakhstan and China is based on mutual trust and support and emphasized, “There are no unresolved issues between us. We intend to unite our forces for intensifying trade, economic, scientific, technical, cultural and humanitarian ties. President Xi Jinping and I have just signed a Joint Statement -outlining- important achievements and long-term tasks for our countries. China is Kazakhstan's leading trading partner. Last year, bilateral trade turnover amounted to $41 billion. In the near future we intend to double this figure. Beijing is one of our main foreign investors. Over the past 15 years, about $25 billion has been invested in Kazakhstan [by China].” According to Tokayev, in 2023, Chinese investment in Kazakhstan’s economy increased by 16% and reached $1.8 billion. “Today, 45 projects are being implemented in Kazakhstan at a total cost of $14.5 billion -and we now have over 4,700 enterprises funded with Chinese capital. During negotiations, the importance of further implementation of mutually beneficial investment projects in the fields of energy, infrastructure, agriculture, manufacturing, finance, transport, aerospace, and IT was emphasized. We are ready to create favourable conditions for Chinese companies wishing to develop the Kazakh market.” Referencing the fact that in 2023, exports of agricultural products from Kazakhstan to China doubled to reach $1 billion, the president continued,  “We look forward to increasing supplies of high-quality natural meat products, oilseeds and grain crops to the Chinese market- and exploring - opportunities to increase the volume of grain exports to 2 million tons.” Via teleconference, the two leaders participated in the ceremonial launch of ferries transporting trucks and railway containers along the Trans-Caspian International Transport Route. Tokayev and Xi also opened a Kazakh cultural centre in Beijing and a Chinese cultural centre in Astana, both of which will host various cultural events, exhibitions, lectures, and masterclasses aimed at strengthening mutual understanding between the peoples of the two allied countries. In addition to the above, the two leaders opened a branch of the Beijing Language and Culture University at Astana International University.