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LONDON (TCA) — The Shanghai Cooperation Organization, also known as the Shanghai Six, is becoming Shanghai Eight with the now formalized entry of India and Pakistan. For Central Asia’s former Soviet republics, it means that their troublesome neighbor Afghanistan is now sealed from the south, and the two new SCO member states will have less excuses to stand by should the Afghan civil war spill over towards the north. Continue reading
BISHKEK (TCA) — Recently an Italian delegation was in Kazakhstan to find ways and means to cooperate with Kazakh companies to produce in Kazakhstan with Italy as the main partner for the export to Russia. A similar trend is in process in Kyrgyzstan, while European and Turkish companies are already very active in developing new joint ventures with manufacturing and processing plants in Russia, Belarus and other countries. The objective is everywhere the same — a continuation of business relations and trade with the important market of Russia. European exporters are fully aware of the damage they have been suffering in the last 18 months following the European sanctions and Russian counter sanctions, and they are trying to keep the business relations built during many years of cooperation with the Russian market. Continue reading
BISHKEK (TCA) — All said, nothing done. Yes – the Aral Sea must be restored; no – not at our expense. This was roughly the goodbye message Kyrgyzstan gave to one of the (many) paper tigers bearing the banner of Aral preservation before slamming the door. Continue reading
ASTANA (TCA) — Kazakhstan faces new challenges due to the decline in commodity prices and the slowdown of key regional economies. The Kazakh authorities have taken steps to address these challenges, notably floating the tenge, which will help the economy adjust. Going forward, it will be important to modernize policy frameworks, create more efficient and transparent institutions, and deepen Kazakhstan’s into regional and global markets, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said in her statement on May 24 at the conclusion of her visit to Kazakhstan. Continue reading
BISHKEK (TCA) — The death of Afghan Taliban leader Mullah Mansour, who was killed in a U.S. drone attack in the southwestern Pakistani province of Balochistan on May 21, reduces the likelihood of Afghan peace talks in six-month outlook, according to the new analysis on the event and its implications, prepared by Omar Hamid, Head of Asia Analysis, IHS Country Risk. Continue reading
TEHRAN (TCA) — Iran, India and Afghanistan have signed a key trilateral deal, known as the Chabahar agreement, to establish a strategic transit and transport route connecting the three countries, Iran’s PressTV news agency reported. Continue reading