• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10429 0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%

Viewing results 1 - 6 of 575

Growing Trade Disputes Test the Eurasian Economic Union

Trade disputes within the Eurasian Economic Union (EAEU) are as old as its creation. Restrictions on the import and export of certain goods have long been common practice. However, analysts increasingly warn that tensions have reached a point at which the organization risks losing its core function, ensuring the free movement of goods across borders and maintaining simplified conditions for migrant workers. Mounting Restrictions The EAEU currently comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. Economic integration among several post-Soviet states began in 2000 with the establishment of the Eurasian Economic Community (EurAsEC), formed by Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. Uzbekistan joined in 2006, but suspended its participation in 2008. The foundation of this organization was the Customs Union agreement, intended to abolish customs duties among member states. The structure of the integration project has since evolved. The EAEU treaty was signed in 2014 and entered into force on January 1, 2015. Tajikistan and Uzbekistan did not join, while Armenia became a member in 2015. More than two decades after the first integration agreements, however, many of the bloc’s original promises remain only partially fulfilled. Experts have long argued that protectionist measures remain widespread within the bloc and that full freedom of movement for all categories of goods, including strategic products, has not been achieved. They also point to pronounced economic asymmetry: Russia accounts for approximately 85–87% of the union’s combined GDP, whereas Kazakhstan accounts for approximately 9–10%. Russia’s significantly larger population and political influence have further reinforced perceptions of structural imbalance. Moscow is now preparing new regulatory measures affecting its partners. From April 1, 2026, a national system for confirming the arrival of goods will be introduced for road imports from EAEU countries. According to the Russian authorities, shifting key control procedures to the pre-border stage is intended to improve transparency in the administration of indirect taxes. Previously, such checks were conducted after goods entered the country through desk and field audits. At the same time, Russia has intensified selective customs controls on its borders with Kazakhstan and Belarus, officially citing efforts to combat counterfeit goods. Particular scrutiny is being applied to product labelling and accompanying documentation. Controls were tightened last summer, when mobile checkpoints were established along the Kazakh-Russian border, followed by the inspections of vehicles leaving Belarus in the autumn. Full-scale checkpoints are now operating on the Kazakh-Russian border, while a simplified regime linked to the Union State and EAEU agreements continues to apply on the Belarusian-Russian border. Logistics industry representatives report that stricter controls on the Kazakh border have significantly increased transit delivery times. Carriers often face lengthy delays at checkpoints even when their documentation is in order. According to Alexandra Pokumeiko, head of a freight-forwarding department, the changes have created uncertainty in delivery schedules along Belarus-Russia transport corridors and on transit routes through Russia to Kazakhstan. The growing number of administrative restrictions has begun to spill into specific sectors of the economy, triggering retaliatory measures between member states. Escalating Tensions in the Automotive Sector A new dispute...

Can Special Economic Zones Become a Driver of Economic Growth in Kazakhstan?

Kazakhstan currently has 17 special economic zones (SEZs) operating across 14 regions, three of which were created in 2025. How effective is this tool for attracting investment, reducing import dependence, and developing exports? And how will the SEZ model evolve within the framework of the Single Coordination Center? Yerlan Kusainov, Deputy Chairman of the Board of JSC Kazakhstan Center for Industry and Export “QazIndustry,” discussed these issues with The Times of Central Asia. TCA: Kazakhstan currently has 17 SEZs. How many companies operate in them, and what is the total volume of production? Kusainov: There are 1,144 participants registered in SEZ territories. Of these, 558 projects are already operational, while another 586 are in the implementation stage. Since the establishment of the zones, enterprises have produced goods worth 13.9 trillion tenge (about $28 billion). The current occupancy rate of the SEZs is 42.4%. This indicator is dynamic and may change as new contracts are signed or as some participants cease operations. TCA: What types of products are manufactured in the SEZs, and how does this contribute to reducing import dependence? Kusainov: The SEZs cover a wide range of industries, including manufacturing, construction, transport and logistics, and tourism. For example, the Aktau Seaport SEZ is implementing projects in the chemical industry, including the production of caustic soda and hydrochloric acid by Topan Chemical Industries. These products are widely used in metallurgy, the oil and gas industry, and water treatment. Previously, a significant portion of such products was imported, but production is now being localized in Kazakhstan. A major petrochemical cluster is being formed in the Jibek Joly SEZ. Projects there include the production of mineral fertilizers, chemical reagents, and polymer products. Participating companies include HIM-plus, KPM Plast, Chemical Engineering, and C9 Technologies. These projects are expected to supply the domestic market while also supporting exports. In the Pavlodar SEZ, projects are being implemented in metallurgy and petrochemicals. These include the production of calcined petroleum coke by UPNC-PV, car wheels by Vector Pavlodar, and aluminum ingots and alloys by LeichtMetall KZ and Unimetals. These products are exported to markets in Europe and Asia. The Ontustik SEZ focuses on the textile industry, where a full cotton-processing cycle has been established, from raw materials to finished products. Enterprises there produce cotton and synthetic yarn, carpets, and other textile goods. Another important site is the Park of Innovative Technologies SEZ, where projects in digital technologies and electronics are being developed. Key participants include the Institute of Physics and Technology, KT Cloud Lab, which is building a data center, and DS Multimedia CA, which manufactures electronic components. Together, these projects contribute to reducing import dependence and building export-oriented industries. TCA: What is the export volume of SEZ enterprises? Kusainov: The total export volume from SEZ enterprises has reached about $2 billion. In 2025 alone, exports amounted to approximately $490 million, compared with $148 million in 2021, an increase of 231%. TCA: How much investment has been attracted through the SEZs? Kusainov: Over the entire period of...

Kazakhstan Boosts Trade with Turkic States on Back of Rising Exports

Kazakhstan has significantly increased mutual trade volumes with member states of the Organization of Turkic States (OTS), primarily driven by a surge in exports. According to data from the first ten months of 2025, trade turnover with OTS countries rose by nearly 11%, Deputy Minister of National Economy Asan Darbaev announced at the Third General Assembly of the Union of Turkic Chambers of Commerce and Industry (TCCI) in Astana. The OTS includes Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, Turkey, and Uzbekistan as full members. Hungary and Northern Cyprus hold observer status and contribute to deepening economic, cultural, and political cooperation across the Turkic world. “At the end of ten months of 2025, the volume of mutual trade between Kazakhstan and OTS countries reached approximately $10.4 billion, which is almost 11% higher than the same period last year,” Darbaev stated. He noted that this growth was largely due to a 16.6% increase in Kazakhstani exports to OTS member states, which totaled $7.6 billion. Imports from these countries to Kazakhstan amounted to $2.8 billion. The export surge was driven by increased shipments of copper and copper cathodes, crude oil, wheat, petroleum products, sunflower oil, and a range of metallurgical and agro-industrial goods. According to Darbaev, this indicates not only the continued strength of Kazakhstan’s raw materials sector but also the gradual diversification of exports with higher value-added products. Turkey, Uzbekistan, Kyrgyzstan, and Azerbaijan remain Kazakhstan’s principal trading partners within the OTS. Turkey leads with a trade turnover of $4.36 billion, followed by Uzbekistan at $3.88 billion. Trade with Kyrgyzstan reached $1.78 billion, while trade with Azerbaijan stood at approximately $390 million. During the assembly, Kazakhstan assumed the rotating chairmanship of the TCCI for the first time since the Union's establishment in 2019. The organization includes chambers of commerce and industry from Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan, Turkmenistan, and Hungary. It serves as a key platform for advancing trade, industrial cooperation, investment, and technology exchange among member and observer states. Raimbek Batalov, chairman of the presidium of Kazakhstan’s National Chamber of Entrepreneurs “Atameken,” was appointed head of the TCCI for a one-year term. “The Turkic economic space today possesses all the prerequisites for a qualitative leap forward, scale, resources, an institutional foundation, and political will. Our shared goal is to convert this potential into sustainable production, investment, job creation, and improved living standards,” Batalov said. Delegates at the assembly identified priority areas for future cooperation, including the development of joint industrial projects, operationalization of the Turkic Investment Fund, reduction of trade and technical barriers, and enhanced transport and logistics connectivity. Previously, The Times of Central Asia reported that energy ministers from OTS countries had discussed key joint initiatives in December 2025 as part of ongoing regional collaboration.

Alisher Sultanov Leaves Office After a Decade of Declining Gas Production in Uzbekistan

Alisher Sultanov was relieved of his post as presidential representative on energy security on December 16, ending some ten years of dubious performance as one of Uzbekistan’s top energy officials. Under Sultanov’s watch as head of the state oil and gas company and then as a top official in Uzbekistan’s Energy Ministry, the country’s oil and gas production decreased, and Uzbekistan went from being a gas exporter to an importer. A Career in the Gas and Oil Sector Sultanov started working in Uzbekistan’s energy sector in the mid-1990s and gradually made his way through the ranks at the state oil and gas company Uzbekneftegaz. In 2015, Sultanov became Uzbekneftegaz’s chairman, serving in that position until 2018. In 2017, Sultanov was appointed Deputy Prime Minister in charge of the fuel, energy, and industrial sector, and in February 2019, he was named Energy Minister. He stepped down as Energy Minister in April 2022, officially for health reasons, but by 2023 was back as presidential advisor on oil and gas, chemical, and energy matters, though that title was changed in July 2025 to the president’s representative on energy security. Stagnation and Decline Uzbekistan does not have large oil reserves. BP’s Statistical Review of World Energy has continually put Uzbekistan’s oil reserves at somewhere around 600-620 million barrels. Uzbekistan does have significant natural gas reserves of at least some 1.1 trillion cubic meters, however, according to the BP Statistical Review of World Energy. The country has been working with international partners to explore for new deposits, particularly in areas of the recently dried out Aral Sea. In 2011, Uzbekistan’s average oil production was some 80,000 barrels per day (bpd), and gas production for that year was some 56.6 billion cubic meters (bcm). Uzbekistan was still sourcing from many fields that had been producing since Uzbekistan was a Soviet republic, and it was not surprising that yields from these depleted fields started decreasing after 2011. Sultanov became head of Uzbekneftegaz in August 2015, and that year, oil production had already dropped to some 60,000 bpd and gas to some 53.6 bcm. Both fluctuated only a little over the next three years, ending 2018 at an average of 64,000 bpd and 58.3 bcm. The 2018 figure for gas was the peak production year of the 2011-2020 period, though it fell well short of the 66 bcm Uzbekneftegaz was predicting for 2018. After Sultanov was named Energy Minister in 2019, the figure for gas production fell significantly. In 2019, gas production was 57.5 bcm, but in 2020, only 47.1 bcm, though oil output held steady at 67,000 bpd and 61,000 bpd, respectively. Gas production increased slightly in 2021 to 50.9 bcm, but then dropped to 48.9 bcm in 2022. The decrease continued after Sultanov stepped down as Energy Minister in April 2022, plummeting to 44.2 bcm in 2023 and 42.2 bcm in 2024. With a rapidly growing population and expanding industrial sector, Uzbekistan’s domestic gas consumption was sharply increasing, rising from 43.6 bcm in 2020 to 54.6...

Kazakhstan Strengthens Role as U.S. Key Trade Partner in Central Asia

Kazakhstan has emerged as the United States’ primary economic partner in Central Asia, accounting for the vast majority of regional exports to the U.S. and serving as the leading destination for American imports, according to Finprom.kz. While Central Asia’s share of total U.S. trade remains small, Kazakhstan’s role within the region is increasingly dominant. Kazakhstan Accounts for Over 96% of Central Asia’s U.S. Exports In 2024, Kazakhstan was responsible for 96.7% of Central Asia’s exports to the United States, totaling approximately $2.4 billion out of a regional total of $2.5 billion. Uzbekistan, the next largest exporter, contributed just $44.4 million. The trend is similar for U.S. goods entering the region. Kazakhstan imported $1.1 billion worth of U.S. goods in 2024, or 62.3% of all American exports to Central Asia. Uzbekistan followed with $380.8 million, while Turkmenistan and Tajikistan imported $82.2 million and $56.8 million, respectively. Despite this strong bilateral exchange, Central Asia remains a small player in U.S. global trade. In 2024, the U.S. recorded $3.27 trillion in goods imports and $2.06 trillion in exports, according to U.S. Census Bureau data. Even so, U.S.–Kazakhstan trade has grown meaningfully in recent years. Between 2019 and 2024, the U.S. share of Kazakhstan’s total trade rose from 2.3%  to around 3%. Bilateral trade peaked in 2024 at $4.2 billion, the highest level in six years, with U.S. exports to Kazakhstan accounting for 53.2% of the total. Trade Growth and 2025 Downturn That growth slowed sharply in 2025. From January to August, total trade between the two countries fell to $2.1 billion, a 25.8% drop compared to the same period in 2024. Kazakhstan’s exports to the U.S. accounted for much of the decline, falling to $749.7 million in the first nine months of the year - about half the level recorded the previous year. Oil and oil products saw the steepest drop, falling 3.5 times to $269.1 million. Exports of uranium, silver, ferroalloys, tantalum, and titanium also declined, though these remain important categories. By contrast, U.S. exports to Kazakhstan remained relatively stable. Goods shipments fell just 4.8% year-on-year, totaling approximately $1.7 billion from January through September. U.S. exports to Kazakhstan continue to consist primarily of high-value manufactured goods, including vehicles, aircraft, agricultural machinery, computers, telecommunications equipment, and medical devices. Pharmaceuticals stood out in 2025, with American shipments of medicines and vaccines more than doubling to $249.3 million in the first nine months of the year. Investment and Business Cooperation Deepen Alongside trade, investment, and business cooperation between the two countries is also deepening. According to the Kazakh Prime Minister’s office, more than 600 companies with U.S. capital were operating in the country as of late 2025 – a large increase over the previous year. The number of Kazakh-American joint ventures rose by 5.6% over the same period. U.S. companies are active in a range of sectors, including IT, manufacturing, education, consulting, and trade. While the United States is not among Kazakhstan’s top trading partners by volume, the relationship is seen as strategically important. Amid...

New Kazakh-Chinese Lab to Streamline Agricultural Exports to China

A joint Kazakh-Chinese veterinary laboratory has opened in the East Kazakhstan region, aiming to streamline and accelerate the export of Kazakh agricultural products to China. According to the Ministry of Agriculture of Kazakhstan, the facility was outfitted with modern equipment and furniture provided by the Chinese government. Accredited under Chinese and international ISO 17025 standards, the laboratory is equipped to conduct high-precision veterinary diagnostics, quality control, and food safety testing. Chinese specialists assisted with the installation and provided training for local staff. The facility can perform up to 550,000 tests annually on particularly dangerous infections, along with approximately 4,000 food safety tests. The new laboratory is expected to remove technical trade barriers and boost Kazakhstan’s export potential for agricultural and livestock products to China and other international markets. Speaking at the opening ceremony, Minister of Agriculture Aidarbek Saparov said: “The opening of this laboratory is the result of the strategic partnership between Kazakhstan and China, aimed at advancing science and technology and enhancing the competitiveness of domestic products. I am confident that this new facility will play a key role in ensuring the quality and safety of agricultural goods.” Kazakhstan’s agricultural exports to China have been rising steadily. According to the Ministry of Agriculture, bilateral trade in agricultural products increased by 10.5% in 2024, reaching $1.4 billion. Of that, Kazakh exports accounted for $1.05 billion, primarily consisting of animal feed, grain, oilseeds, and vegetable oil. Kazakhstan has also made progress in ensuring its meat exports meet Chinese quality and safety standards. In May 2025, Minister Saparov and Sun Meijun, head of China’s General Administration of Customs, signed the Protocol on Inspection, Quarantine, and Food Safety Requirements for the Import and Export of Poultry Meat. The agreement opened the Chinese market to Kazakh poultry products. Since 2019, Kazakhstan has aligned its veterinary standards with Chinese requirements, signing 11 bilateral protocols regulating the trade of meat and livestock products. These agreements now cover 29 categories of plant and animal goods approved for export to China. Currently, over 2,400 Kazakh enterprises are registered as exporters to China, supplying products such as safflower meal and cake, peas, lentils, and rapeseed. In 2025, Kazakhstan plans to open the Chinese market to sugar beet cake, and in 2026 to rice, mung beans, cotton, and melons. Additionally, regional restrictions related to foot-and-mouth disease and avian influenza have been lifted, further clearing the path for meat and meat product exports to China.