Economic Cooperation - The Times Of Central Asia

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Samsung TVs to Be Produced in Kazakhstan

Silk Road Electronics and Samsung Electronics have signed an agreement to launch TV manufacturing in Kazakhstan. The partnership will manufacture Samsung's latest range of televisions, including premium models, to cater to demand in Kazakhstan and Central Asia. The new production line will be established at Silk Road Electronics' facility in Sarani, located in the Karaganda region. “Samsung Electronics, as a long-standing technology leader, is committed to being closer to its consumers. The launch of production in Kazakhstan will increase the availability of our products for the local market,” said Jong Yujin, President of Samsung Electronics Central Eurasia. The localization of production is expected to deliver significant benefits, including developing industrial infrastructure and creating new jobs. “We will provide world-class products at affordable prices for Kazakhstani consumers,” added Alexander Kritsky, Director of Silk Road Electronics, emphasizing the importance of the collaboration. The project, supported by the Industry Development Fund, is set to commence operations in the second quarter of 2025, with Kazakhstani-made TVs expected to hit the market in the latter half of the year. Silk Road Electronics operates on the premises of the former Karagandarezinotechnika plant, which spans over 61,000 square meters. Approximately 25 billion tenge was invested in modernizing the facility. The plant’s primary owner is the Uzbek company Artel, known for producing various household appliances under its brand, including TVs, washing machines, and stoves. Artel partners with Meridian Company and SPK Saryarka. Meridian Company is owned by Andrei Lavrentiev, who also leads Qarmet. Previously, Samsung Electronics announced its plans to establish the production of washing machines at the Saran plant.

Agriculture International Cooperation Economic Cooperation Agricultural Produce

The Netherlands Strengthens Its Position in Turkmenistan’s Agricultural Sector

Dutch companies are expanding their presence in Turkmenistan's agricultural sector, exploring new business opportunities to modernize and enhance local farming practices. A delegation led by former Dutch Ambassador to Kyrgyzstan Peter van Leeuwen visited Ashgabat in early December to assess potential collaborations. The delegation included representatives from prominent Dutch firms such as Agrotech Didam, Dalsem, Geerlofs, HZPC, and Kubo. Discussions focused on key areas for joint efforts, including the construction of modern greenhouses, the implementation of drip irrigation systems, and advancements in seed production. Turkmen officials expressed a keen interest in adopting Dutch technologies to boost agricultural yields and efficiency. As part of their visit, the Dutch representatives toured greenhouse complexes near Ashgabat, where crops like tomatoes, strawberries, and bananas are cultivated. They also inspected potato farms and storage systems. The delegation highlighted the significant potential of Turkmenistan’s agriculture and affirmed their willingness to tailor Dutch innovations to suit the country’s specific conditions. This visit followed a Turkmen delegation's trip to the Netherlands in the summer of 2024. During that visit, representatives from Turkmenistan's private sector and the Ministry of Agriculture participated in the international Green Tech Amsterdam exhibition. The event allowed Turkmen officials to explore cutting-edge agricultural technologies and establish connections with global industry leaders. The exchange of delegations underscores growing cooperation between the two nations, with Dutch expertise poised to play a pivotal role in the modernization of Turkmenistan’s agricultural industry.

Agriculture Bilateral Trade UAE Agricultural Export Economic Cooperation

Kazakhstan’s Lamb Gaining Ground in Arab Markets

Demand for Kazakh food products is on the rise in the United Arab Emirates (UAE), which imports over $23 billion worth of agricultural goods annually. Kazakhstan’s agricultural exports to the UAE were a key focus during a meeting in Dubai between Kazakhstan’s Minister of Trade and Integration, Arman Shakkaliyev, and UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi. Shakkaliyev reaffirmed Kazakhstan’s readiness to supply organic agricultural products, with chilled lamb emerging as a standout item in the UAE market. During the first ten months of 2024, Kazakhstan exported 13,300 tons of lamb to the UAE, valued at $45.3 million. This marks a twofold increase in export volume and a 64% rise in revenue compared to the same period in 2023. In addition to lamb, Shakkaliyev highlighted Kazakhstan’s capacity to export high-quality flour, sunflower oil, confectionery, and dairy products to the UAE. The minister also emphasized Kazakhstan’s commitment to developing halal certification for its agricultural products. “Since 2014, more than 1,800 domestic and foreign companies have been certified, demonstrating the high quality and compliance of Kazakhstani products with international standards,” he noted. As part of the meeting, a tasting session showcased Kazakhstani lamb, confectionery, and apples, further promoting the country's agricultural offerings. Kazakhstan’s lamb exports have also seen significant growth in other Arab markets. According to the Kazakh Ministry of Trade and Integration, lamb exports to Qatar have increased by 75% since the beginning of 2024.

Energy Afghanistan Electricity supply Economic Cooperation Energy Security

Afghanistan Extends Electricity Import Agreement with Uzbekistan Until 2025

Afghanistan’s state-owned power company, Da Afghanistan Breshna Sherkat (DABS), has extended its electricity import agreement with Uzbekistan through the end of 2025. The agreement was signed in Uzbekistan by Abdul Bari Umar, the Taliban’s acting head of DABS, and representatives from the National Electricity Company of Uzbekistan. This extension is vital for Afghanistan, where unreliable electricity continues to affect millions of people. According to the Ministry of Energy and Water under Taliban control, the country requires 1,500 megawatts of electricity. Of this, approximately 720 megawatts are imported, while the remainder is generated domestically. Afghanistan remains heavily reliant on neighboring countries for power due to its limited domestic production capacity. Residents of Kabul and other regions frequently endure prolonged outages, fueling public frustration over the lack of a consistent power supply. In recent months, DABS reported disruptions in electricity imports from Uzbekistan and Turkmenistan, leaving many areas without power. The outages were attributed to technical issues on the Uzbek side and storm-related problems in Turkmenistan. Both issues have since been resolved, and electricity transmission to Afghanistan has been restored. The extended agreement with Uzbekistan represents a critical step in addressing Afghanistan’s energy needs, though long-term solutions to bolster domestic electricity production remain essential.

International Cooperation Business Support Economic Cooperation United States

Turkmenistan and U.S. Representatives Explore Prospects for Economic Partnership

A Turkmen-American business forum was held in Ashgabat to discuss opportunities for expanding economic cooperation between Turkmenistan and the United States. The event brought together a delegation of American business leaders led by Eric Stewart, Executive Director of the Turkmen-American Business Council. In their remarks, representatives from both sides emphasized the friendly and cooperative nature of Turkmen-American relations, reaffirming their commitment to deepening ties based on mutual benefit. Turkmenistan, focused on economic diversification and the adoption of advanced technologies, expressed readiness to support U.S. companies in establishing and expanding operations in the Turkmen market. It was highlighted that Turkmenistan offers favorable conditions for investors, including legal and organizational mechanisms to facilitate business activities. The U.S. delegation underscored the strong interest of leading American companies in the Turkmen market and their willingness to contribute to strategic programs aimed at regional development. Companies such as John Deere, Case, General Electric, Boeing, and others are already operating successfully in key sectors of the Turkmen economy. Discussions during the forum centered on priority areas of collaboration, including: Industry, agriculture, and water resources: Supplies of advanced equipment to boost productivity. Fuel and energy sector: Joint projects to advance energy infrastructure. Transportation and construction: Enhancing connectivity and infrastructure development. Innovative technologies, healthcare, and ecology: Promoting sustainable solutions and technological progress. Special attention was given to the role of the Turkmen-American Business Council as a key platform for fostering partnerships between public and private sectors in both countries. Meetings between Turkmen ministries and agencies and representatives of the U.S. business community took place as part of the forum. Discussions focused on opportunities to increase bilateral trade, expand investment activities, and enhance cooperation in high-tech industries. Participants outlined practical steps for implementing joint projects to further strengthen economic ties. Turkmen-American cooperation continues to develop across multiple sectors. Notable recent engagements include: February 2024: The U.S. State Department hosted talks with a Turkmen delegation led by U.S. Deputy Assistant Secretary of State for Central Asia, John Pommersheim, covering political, economic, and cultural cooperation. April 2024: Political consultations in Ashgabat reaffirmed mutual commitments to enhancing bilateral ties. August 2024: Turkmen Deputy Foreign Minister Ahmed Gurbanov met with U.S. Ambassador Elizabeth Rood to discuss future collaboration prospects. Both sides highlighted the importance of regular political consultations and multilateral platforms such as the C5+1 format for coordinating joint actions and fostering regional development.

European Union International Cooperation Export International investment Economic Cooperation International Diplomacy

Uzbekistan Proposes 10-Year Extension of Duty Free Export Benefits to the EU

On December 4-5, Uzbekistan participated for the first time in the meeting of the General Scheme of Preferences (GSP+) working group of the European Union in Brussels. The meeting included representatives from 28 EU member states and Uzbekistan’s Ministry of Investment, Industry, and Trade (MIIT). Uzbekistan’s delegation highlighted the progress made since becoming a GSP+ beneficiary in 2021. During this time, the country’s exports to the EU nearly tripled, reaching $1.15 billion. Of the 6,200 products eligible for duty-free export, approximately 1,100 - primarily agricultural, textile, and chemical goods - are exported regularly. To further enhance market stability and competitiveness, the delegation proposed adding new fruits and vegetables to the list of preferred goods and revising seasonal export quotas. They also recommended extending the GSP+ preferential trade regime for an additional ten years to foster long-term economic ties with the EU. During the visit, Uzbek representatives held talks with European Commission officials to improve access to Uzbek products, adjust quotas for rolling metals, and secure technical assistance to align with EU standards. These discussions mark a significant step in expanding trade and economic cooperation under the GSP+ framework.