• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10585 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
18 February 2026

Viewing results 1 - 6 of 19

Jackson-Vanik Repeal Gains Momentum as U.S. Courts Central Asia

For many years, U.S. relations with Central Asia were primarily political in nature, while economic ties developed slowly. However, in the past year, engagement has intensified significantly, with recent agreements suggesting the U.S. is poised to strengthen its economic presence in the region. A recent statement by U.S. Secretary of State Marco Rubio reinforces this outlook. Calls to repeal the outdated Jackson-Vanik trade restrictions have been framed by U.S. officials as a way to facilitate trade with Central Asia and strengthen U.S. energy security. The Jackson-Vanik Amendment The Jackson-Vanik Amendment, enacted in 1974, restricts trade with countries that limit their citizens’ right to emigrate. At the time of its passage, Central Asia was still part of the Soviet Union.  The amendment prohibits granting most-favored-nation (MFN) status, government loans, and credit guarantees to countries that violate their citizens’ right to emigrate, and allows for discriminatory tariffs and fees on imports from non-market economies. The amendment was repealed for Ukraine in 2006, and for Russia and Moldova in 2012. However, it remains in effect for several countries, including Azerbaijan, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan, which continue to receive only temporary normal trade relations. In May 2023, a bill proposing the establishment of permanent trade relations with Kazakhstan, which included repealing the Jackson-Vanik Amendment, was introduced in the U.S. Congress. A follow-up bill with similar provisions was submitted in February 2025. Then-nominee and now Secretary of State Marco Rubio previously noted that some policymakers viewed the amendment as a tool to extract concessions on human rights or to push Central Asian states toward the U.S. and away from Russia. However, he characterized such thinking as outdated, stating that, “In some cases, it is an absurd relic of the past.”  Rubio has consistently supported expanding U.S. ties with Central Asia. Expanding Cooperation In 2025, relations between the U.S. and Central Asia deepened significantly, particularly with Kazakhstan and Uzbekistan, which are seen by analysts as the primary beneficiaries of this cooperation. In late October 2025, U.S. Deputy Secretary of State Christopher Landau and U.S. Special Representative for South and Central Asia Sergio Gor visited Kazakhstan and Uzbekistan. One of the year’s major events was the Central Asia-U.S. (C5+1) summit held in Washington on November 6. Leaders of the five Central Asian states met with President Donald Trump and members of the U.S. business community. Uzbekistani President Shavkat Mirziyoyev also met with U.S. Senator Steve Daines, co-chair of the Senate Central Asia Caucus, with both sides focusing heavily on economic cooperation. At the summit, Uzbekistan finalized major commercial agreements with U.S. companies, including aircraft orders by Uzbekistan Airways and deals spanning aviation, energy, and industrial cooperation. Kazakhstan signed agreements worth $17 billion with U.S. companies in sectors including aviation, mineral resources, and digital technologies. This included a deal granting American company Cove Kaz Capital Group a 70% stake in a joint venture to develop one of Kazakhstan’s largest tungsten deposits, an agreement valued at $1.1 billion.  Further agreements were signed on critical minerals exploration. Kazakhstan and the...

Astana and Tashkent Engage Washington’s Central Asia Vector

On January 22 at the World Economic Forum in Davos, Kazakhstan’s President Kassym-Jomart Tokayev and Uzbekistan’s President Shavkat Mirziyoyev signed President Donald Trump’s new Board of Peace charter. The document matters less than what their participation signifies: recognized access to the White House and a willingness to be publicly associated with a U.S.-led initiative. This is all the more significant as Washington’s relations with several long-standing partners have recently become more fraught and publicly contested. The Central Asian response is part of that story. Their participation indicates that the Trump White House regards them as interlocutors of consequence, and that both Central Asian capitals are embracing that status. On December 1, Washington assumed the G20 presidency for 2026 and set three priorities: limiting regulatory burdens, strengthening affordable and secure energy supply chains, and advancing technology and innovation. It has also scheduled the leaders’ summit for December 14–15, 2026, in the Miami area. On December 23, Trump said that he was inviting Tokayev and Mirziyoyev to attend as guests. That invitation places Kazakhstan and Uzbekistan inside a host-defined agenda whose working tracks overlap with their strongest external bargaining assets, including energy, critical minerals potential, and transport connectivity. Trump publicly tied the invitations to discussions of peace, trade, and cooperation, which is in line with his subsequent Board of Peace invitations. Diplomatic Logic and Multi-Vectorism It is worthwhile situating these developments in the context of Central Asian cooperation, which Kazakhstan and Uzbekistan have driven as the regional core. At the August 2024 Consultative Meeting in Astana, all five leaders signed a Roadmap for the development of regional cooperation for 2025–2027, and adopted a “Central Asia 2040” conceptual framework. Tokayev and Mirziyoyev referenced their 2022 allied-relations agreement and announced plans to adopt a strategic partnership program through 2034, including large-scale joint economic and energy projects. Moscow’s preoccupation with the war in Ukraine has widened the room for maneuver by other external actors, and Central Asian capitals have pursued these opportunities selectively. For example, the EU’s then foreign-policy chief Josep Borrell visited Kazakhstan and Kyrgyzstan in early August 2024, Japan has pursued its “Central Asia plus Japan” line as a counterweight to China’s influence, and Azerbaijan has been building an energy bridge between Central Asia and Europe via the South Caucasus with Kazakhstan and Uzbekistan. Washington’s main channel into this complex is the C5+1, and the current U.S. emphasis is to create routines that survive individual summits. The U.S. Special Envoy for South and Central Asian Affairs Sergio Gor and Deputy Secretary of State Christopher Landau travelled to Kazakhstan and Uzbekistan in October 2025 ahead of the Washington summit that Trump hosted the following month for the five leaders. Such formats can concentrate attention on the implementation of standardized procurement procedures and regularized dispute resolution that new supply-chain corridors require for interoperable paperwork and predictable customs treatment. Kyrgyzstan is scheduled to host the second B5+1 forum (the business counterpart to C5+1) on February 4–5, 2026. This has already been prepared by a joint briefing...

Paul Kapur: “The United States’ Commitment to Central Asia Is Strong and Enduring”

WASHINGTON (TCA) — Assistant Secretary of State for South and Central Asian Affairs Paul Kapur reaffirmed Washington’s long-term commitment to Central Asia during remarks marking the 10th anniversary of the C5+1 partnership at the Kennedy Center hosted by the United States Department of State on November 6. Addressing an audience of officials, diplomats, and business leaders, Kapur said he was “honored to join an esteemed group” for the occasion. “I recently started my tenure as Assistant Secretary, and I’m particularly glad that I started as we celebrate the decade of C5+1 partnership,” he noted. Kapur, who oversees U.S. policy toward the region and serves as Secretary Marco Rubio’s chief advisor on Central Asia, is a veteran academic who has taught at the Naval Postgraduate School and Claremont McKenna College, and previously served on the State Department’s Policy Planning Staff during the first Trump administration. He opened his remarks by thanking the Kennedy Center and Ambassador Rick Vernell for hosting the event, as well as Special Envoy and Ambassador Sir Jim Gore and Deputy Secretary of State Chris Landau “for everything that they did, which included lots of diplomacy, many days and hours on the road.” He also recognized Senator Steve Daines “who’s done so much to support and promote ties” between Central Asia and the United States, and expressed appreciation to Central Asian delegations who “traveled a long way to be here.” “As we mark this anniversary, I want to reiterate that the United States is committed to this region, and that commitment is strong and enduring,” Kapur said. “Under President Trump’s and Secretary Rubio’s leadership, we’re elevating the C5+1 partnership as a priority — a strategic priority and an economic priority.” He said the partnership is already producing results in trade, investment, and innovation. “We’re making tangible progress toward increased trade and investment in areas ranging from aviation to cybersecurity to agriculture, and we’re ensuring a secure energy future for each of our countries,” he said. Kapur emphasized that economic ties are only part of the picture. “As we advance prosperity, we also promote peace,” he stated. “The United States remains committed to supporting each C5 country’s independence, sovereignty, and territorial integrity, protecting borders and strengthening security cooperation, both bilaterally and through the C5+1.” Reflecting on the partnership’s first decade, Kapur cited initiatives such as the C5+1 Critical Minerals Dialogue, the B5+1 Business Dialogue, training networks for regional law enforcement and border security, and English-language programs for young professionals. He also highlighted efforts to protect the region’s cultural heritage through historical preservation and law enforcement cooperation to combat antiquities trafficking. “Although we’re celebrating the future today, it’s important to remember that our new initiatives are built on a deep foundation of cooperation over the past decade,” he said. “As we elevate and modernize our collective efforts, C5+1 countries and the United States are increasingly prepared to deliver innovative regional solutions to our most pressing global problems.” He concluded with a personal message to Central Asian partners. “To my Central...

Sen. Daines: Central Asia Key to U.S. Strategic and Economic Future

Washington, D.C., November 6, 2025 — At the 10th-anniversary forum of the C5+1 platform — which brings together the United States and the five Central Asian nations (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) — ministers from the C5 countries and leading business figures from the region and the United States gathered to mark a decade of cooperation. The event was co-hosted by the U.S. Department of State and the U.S. Department of Commerce, underscoring Washington’s growing focus on regional economic and strategic engagement. U.S. officials played key roles throughout the program. Senator Steve Daines chaired a high-level panel discussion alongside Sergio Gor, U.S. Special Envoy for South and Central Asian Affairs; S. Paul Kapur, Assistant Secretary of State for South and Central Asian Affairs; Howard Lutnick, Secretary of Commerce; Christopher Landau, Deputy Secretary of State; William Nitt, Under Secretary of Commerce; and Richard Grenell, Special Presidential Envoy. During the forum’s investment-focused “Deal Zone,” Daines underscored what he described as Central Asia’s growing role in U.S. foreign policy, energy security, and technology supply chains — calling the region “one of the world’s great opportunities for the future.” His remarks reflected both optimism and a sense of urgency about expanding ties. “There are few parts of the world that offer the opportunity that Central Asia does,” he said. “Closer ties between our nations can bring greater economic opportunity to millions of people and secure some of the West’s most vulnerable supply chains.” According to Daines, the United States has already made significant progress through initiatives such as the C5+1 platform, the appointment of a Special Envoy for Central Asia, and the Critical Minerals Dialogue, alongside expanded trade missions and commercial partnerships. Together, he said, these efforts “provide the necessary forums through which the United States and Central Asia can build the capacity and trust necessary for long-term cooperation.” The tenth anniversary also served as a platform for outlining the economic and strategic priorities that will define the next phase of U.S.–Central Asia engagement. Central Asia’s Resource Potential Daines highlighted what he described as the region’s abundant resources — saying the five Central Asian nations “represent over 31 billion barrels of oil reserves, 250 trillion cubic feet of gas reserves, and over 40 percent of global uranium production.” “As we look to a new day for Europe, one wherein the continent is not dependent on a bellicose adversary for energy supplies,” he said, “Central Asian nations can be the partners of the future — providing consistent flows of resources necessary for baseload power without the concern that those energy imports will be weaponized.” He added that, even years after Russia’s invasion of Ukraine, the U.S. continues to import uranium from Russia, which he called a practice with “profound national security implications.” Central Asia, by contrast, “could provide a more reliable source of the element necessary to the development of artificial intelligence, data-centers, and other energy-intensive industries.” Critical Minerals and the Tech Economy Daines also emphasized the region’s strategic role in the global technology...

The Deal Zone: U.S. Secretary of Commerce Howard Lutnick Unveils Economic Agreements with Central Asia at C5+1 Summit

WASHINGTON, D.C. — November 2025 — The United States and Central Asian nations announced a record series of trade and investment agreements at the 10th-anniversary C5+1 Summit, signaling a new phase of cooperation in energy, infrastructure, technology, and artificial intelligence. The high-profile event at the Department of Commerce brought together ministers, ambassadors, and business leaders from across the region. Secretary of Commerce Howard Lutnick said the initiatives reflect Washington’s renewed commitment to long-term regional growth and partnership. “We’re advancing a clear strategy, which is reciprocal trade and strategic investment … the Department of Commerce is helping America and Central Asian firms connect, invest and grow together.” On digital investment, Lutnick said: “If you want to invest in digital, you know, America is going to be open for business. We are open for our great allies to be able to buy our best chips and have them in country, which is a complete change from the prior Biden administration. So if the country has the proper set of digital laws, we will then encourage our great companies to invest digitally in the C5+1 and grow digitally there.” He also described the C5+1 as central to U.S. engagement: “The C5+1 platform is a cornerstone of that strategy" and "We’re proud to see your new initiatives taking shape for energy diversification, logistics modernization, [and] emerging partnerships across the trans Caspian corridor.” The event then moved into the “Deal Zone,” where close to twenty agreements across the region were announced. The Times of Central Asia attended the ceremony and reports below the deals as they were introduced on stage. “These are not abstract projects. They are real investments, creating real jobs, extending connectivity and strengthening resilience from the Caspian all the way to California.” The deals, as announced in sequence during the session, are listed below.   Kazakhstan: Boeing with Air Astana Airlines — Purchase of up to 15 Boeing 787 Dreamliners, opening new North American routes representing Air Astana’s historical largest order. Cove Capital with the Government of Kazkhstan — $1 billion investment to develop the largest known untapped tungsten deposit in the world valued at more than $80 billion. Leidos with KazAero — Modernization of national air-traffic-control systems using Skyline X ATMS technology as well as to facilitate the deployment, testing and training of staff of all their air traffic control centers. John Deere and the Government of Kazakhstan — $3–5 billion agricultural-equipment agreement. 60% involves tractors and seeding equipment manufactured in Iowa, Illinois, and North Dakota. Citigroup with KTZ Locomotives + U.S. EXIM Bank — $1.6 billion export-credit financing for locomotive procurement. This was a follow up to the agreement signed at the recent United National General Assembly meeting, the largest ever locomotive deal in the history of the world. Colorado School of Mines, Education Testing Service, Arizona State University with the Kazakhstan Ministry of Science and Higher Education — Supporting the establishment of a university. The project will substantially contribute to the development of professional engineers and geoscientists with critical...

Washington Steps Up Focus on Central Asia Amid Strategic Competition with China

The United States has intensified its interest in Central Asia following China’s decision to restrict exports of rare earth elements. Amid the broader U.S.–China trade rivalry, Washington is seeking to diversify its sources of strategic raw materials and strengthen economic ties with countries in the region. Analysts note that Central Asia is increasingly viewed as a key part of Washington’s strategy to reduce dependence on Chinese supply chains. However, they point to several obstacles, including high logistics costs, underdeveloped export infrastructure, and what they describe as a high-risk investment environment that limits the commercial viability of many projects. Kazakhstan and Uzbekistan: Pillars of U.S. Engagement Among the countries of the region, Kazakhstan and Uzbekistan offer the greatest potential for rare earth element extraction and present favorable conditions for U.S. cooperation. Kazakhstan is strengthening its partnerships with Western investors in the mining sector, while Uzbekistan has implemented market reforms and opened its economy to foreign capital in recent years. Kazakh President Kassym-Jomart Tokayev, currently visiting the U.S., has reiterated his government’s interest in attracting American investment and technology, including through the C5+1 regional format. After his visit to Washington, he is scheduled to travel to Moscow for a meeting with Russian President Vladimir Putin on November 12, reflecting Kazakhstan’s longstanding policy of balancing relations among major powers. Kyrgyzstan Banks on the Digital Economy Lacking major oil and gas reserves, Kyrgyzstan is pursuing a different path by developing partnerships with the U.S. in financial technology and digital assets. During talks with U.S. President Donald Trump in Washington, Kyrgyz President Sadyr Japarov said the country’s most valuable asset is its educated youth, who are increasingly active in the IT sector. Japarov outlined several initiatives, including the introduction of digital financial instruments such as the national stablecoin KGST. He also noted the importance of the U.S. Genius Act, which regulates stablecoin circulation, calling it one of the most progressive in the world. In response, the U.S. expressed its readiness to expand cooperation in digital transformation and fintech development. Tajikistan Prioritizes Energy and Security Tajik President Emomali Rahmon participated in the C5+1 summit in Washington and held separate talks with President Trump. The discussions focused on energy, investment, and regional security. Rahmon said that peace and stability are essential for sustainable development and reaffirmed Tajikistan’s readiness to expand cooperation with the U.S. in green energy and regional electricity transmission projects. At present, more than 70 U.S.-affiliated companies operate in Tajikistan. American investment in mineral extraction and processing is viewed as a promising area for future collaboration. The two sides also discussed joint efforts to combat transnational threats, including terrorism, extremism, and drug trafficking. Turkmenistan Maintains Its Neutral Stance In contrast to the active diplomatic engagements of its neighbors, Turkmenistan continues to adhere to its traditional policy of neutrality. Ashgabat has so far refrained from joining initiatives that could be perceived as aligning with geopolitical blocs. Nonetheless, the U.S. remains interested in Turkmenistan’s energy potential, particularly regarding prospects for diversifying gas exports to Europe through the...