• KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.09259 0.87%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0%
01 December 2024

Viewing results 1 - 6 of 13

Strategic Partnership Dialogue: U.S. Allocates $500,000 for Registan Square Preservation

On November 13, the latest meeting of the U.S.-Uzbekistan Strategic Partnership Dialogue took place in Washington, D.C. Key participants included U.S. Assistant Secretary of State for South and Central Asia, Donald Lu, Uzbekistan's Deputy Foreign Minister, Muzaffar Madrahimov, and the ambassadors of both countries. The delegations discussed the expanding partnership between Uzbekistan and the United States, focusing on economic development, human rights, security, and cultural ties. The United States reaffirmed its steadfast support for Uzbekistan’s independence, sovereignty, and territorial integrity. At the meeting, both sides emphasized the importance of maintaining close consultations and celebrated new areas of collaboration. Notable progress was highlighted in critical minerals production and efforts to modernize Uzbekistan’s natural gas infrastructure. This follows the signing of a Critical Minerals Memorandum of Understanding (MOU) in September and Uzbekistan’s entry into the Minerals Security Partnership. The delegations also underscored their commitment to diversifying trade and investment, advancing agricultural reforms in Uzbekistan, empowering women economically, addressing the climate crisis, and supporting the transition to clean energy. The United States commended Uzbekistan for adopting USAID-supported English language textbooks and teachers' manuals for public schools. Efforts to expand sustainable economic opportunities for women in Uzbekistan were similarly praised. Both nations highlighted the strength of their cultural ties, with the U.S. expressing gratitude for Uzbekistan’s leadership in archaeology and cultural preservation. As part of these efforts, the U.S. State Department announced a $500,000 allocation from the U.S. Ambassador's Fund for the Preservation of Cultural Heritage. The funding will support conservation efforts at Registan Square, a UNESCO World Heritage site in Samarkand.

Tokayev and Macron Forge New Path for French Investments in Kazakhstan

The Paris summit between Kazakhstan’s President Kassym-Jomart Tokayev and France’s President Emmanuel Macron was a significant event in their countries' evolving bilateral relations. The high-level discussions were centered on deepening cooperation across trade, economic investment, cultural, and humanitarian issues. The talks have reaffirmed and broadened existing frameworks, foretokening robust and diversified collaboration. The historical foundation of Kazakh-French relations, particularly in the economic sphere, has long been strong. French multinational corporations, such as TotalEnergies, have played significant roles in Kazakhstan’s major energy projects, including the Kashagan oil field. At the recently concluded summit, President Tokayev held meetings with prominent French business figures, seeking to enhance investment flows and economic partnerships across the renewable energy, infrastructure, and technology sectors. France recognizes Kazakhstan’s strategic significance in Central Asia and seeks to deepen the partnership, which also complements Europe’s generally expanding engagement with the region. The summit builds on a series of annual encounters that sustain the momentum in Kazakhstan–France relations. In November 2023, a year after President Tokayev’s trip to France in November 2022, President Macron made an official visit to Kazakhstan. This visit highlighted the shared interests between the two countries and underscored the importance of their growing cooperation. The meeting not only strengthened political dialogue but also laid the groundwork for further economic, cultural, and technological collaboration, reflecting a commitment to long-term partnership. The regularity of summits between Kazakhstan and France, besides indicating the pragmatic nature of their relationship, speaks to the personal rapport between Tokayev and Macron. The sustained, high-level engagement indicates a mutual appreciation for reliable and constructive diplomacy. The Paris summit continues the momentum and deepens the strategic significance of relations between Kazakhstan and France relations, as the new agreements demonstrate their common intention to leverage shared interests in pursuit of more comprehensive cooperation. At the 2022 meetings, 25 economic agreements were signed amounting to a value of $3 billion, according to Kazakhstan’s Ministry of Foreign Affairs. If we include the agreements signed at the 2023 meetings, then the newest agreements bring the overall total to $6.4 billion. Bilateral trade reached $4 billion from January to August this year, representing a 44.7 percent increase compared to the same period in 2023. Kazakhstan’s exports to France for the same period rose by 45.2 percent to $2.7 billion for the first eight months of 2024. These exports were heavily concentrated in crude oil and uranium. Just ahead of Tokayev's visit to Paris, the city hosted the 13th meeting of the Kazakhstan–France Business Council. Twenty-four documents were signed there, worth $2 billion, which spanned the agro-industrial, information-technology, light industry, medicine and mining sectors, not to mention a continuing interest in the energy sector. Kazakhstan’s proactive engagement, including its receptivity to French participation in the NPP consortium is in the line of the country's balanced and pragmatic approach to international partnerships. For France, this partnership deepens its footprint in Central Asia while also promoting the policy goals of broader energy diversification and geopolitical influence.  Kazakhstan represents 90 percent of France’s trade with...

Kazakhstan’s Tokayev in France: It’s All About Nuclear Energy

For France – a country that gets around 70% of its electricity from nuclear energy – Kazakhstan’s decision to build its first nuclear power plant presents an ideal opportunity to strengthen economic ties with the Central Asian state. For Astana, potential cooperation with French nuclear corporations could help reduce dependence on Russia and its State Nuclear Energy Corporation, Rosatom. But will things really go that smoothly? In November 2023, following the meeting between Kazakh President Kassym-Jomart Tokayev and his French counterpart Emmanuel Macron, in Astana, it became clear that, for Paris, establishing a strong nuclear partnership with the largest Central Asian nation was the top priority with regard to Kazakhstan. The following year, Tokayev flew to Paris for another round of talks with Macron. Reports suggest that nuclear cooperation was once again one of the key topics the two leaders discussed. On November 4, a day prior to the Macron-Tokayev summit, French and Kazakh officials signed 24 documents on cooperation worth $2 billion. Unsurprisingly, energy was a central focus. Kazakhstan agreed to establish closer ties with two French nuclear giants: Orano and Électricité de France (EDF). According to Gabidulla Osspankulov, Chairman of the Investment Committee of the Kazakh Foreign Ministry, Orano’s great experience in uranium extraction makes it a key partner for Astana. That is why the former Soviet republic aims to use the company’s technologies and experience in uranium production in Kazakhstan. Ospankulov also expects both Orano and EDF to be part of a consortium that will build the nuclear power plant in the Central Asian country. Paris, on the other hand, is likely seeks to not only be involved in the construction of the nuclear facility, but also to get Kazakhstan’s spent nuclear fuel for reprocessing. In exchange, Astana – possibly the world’s largest uranium producer – can increase its uranium exports to France. From the French perspective, such an arrangement would be very beneficial, especially after Niger's military government revoked Orano’s permit to operate at its Imouraren uranium mine – one of the biggest in the world. The problem, however, lies in geography and logistics. On the eve of the Macron-Tokayev summit, the French train manufacturer Alotom and the Kazakhstan Temir Zholy Electric Locomotive Assembly Plant signed a deal on the supply of 117 French-made freight electric locomotives, weighing up to 9,000 tons, to the former Soviet republic. Will they be used for the transport of Kazakh uranium to France? Russia and China, as the Central Asian nation’s giant neighbors, could easily, under any pretext, block the transport of Kazakh nuclear materials through their territories to Europe. Rail remains the dominant mode of transport for Kazakhstan’s uranium exports, but its reliance on Russian and Chinese routes poses a strategic challenge for Astana. To avoid using the two nations’ railways, Astana would have to boost uranium and potentially also spent nuclear fuel exports via the Caspian Sea Route, primarily through the Middle Corridor. It is, therefore, no surprise that modernization of this network remains Kazakhstan’s primary objective. But...

The Onset of “Friend-Shoring” in Central Asia

As Central Asia’s significance for global supply chains grows, the world’s major economic powers are seeking closer economic ties with the region’s countries. China, Russia, and the West all curry favor through investments and initiatives to bolster the region’s exports and secure their supply chains. Bordering China and Russia, Central Asia spans a land surface area corresponding to 87% the size of the entire European Union (EU). The region has a combined market of 76 million people and gross domestic product of 450 billion U.S. dollars. It is critical to global energy supply chains as it possesses 20% of the world's uranium reserves, as well as 17.2% of total oil and 7% of natural gas deposits. Kazakhstan produces over half of the EU’s critical raw materials,  i.e. substances used in technology which are subject to supply risks and are hard to replace with substitutes. In the first seven months of 2024, rail cargo across the Middle Corridor, a trans-Caspian trade route linking China to Europe, has increased 14-fold compared to the same period last year. As the region opens up and undergoes significant economic transformation, supply chains are increasingly directed there, sparking competition for control over its vast natural resources and production capabilities. Major economic powers are stepping in to strengthen bilateral ties to ensure reliable trade partnerships. These strategies, known as “friend-shoring,” aim to reduce geopolitical risks, enhance supply chain stability, and transform Central Asian countries into trusted allies by fostering strong bilateral relationships and deeper economic ties. China and Russia remain at the helm of regional activity China has been actively engaging with Central Asian countries through strengthening economic ties and building strategic partnerships. Through the Belt and Road Initiative (BRI), which aims to enhance infrastructure and trade connectivity across the region, China has helped strengthen the region’s rail network. China supplies equipment and invests in Uzbekistan’s electric vehicles, scooters, and leather production. Uzbekistan, in partnership with PowerChina and Saudi company ACWA Power, is also constructing the country’s first green hydrogen plant. Kyrgyzstan’s bilateral trade with China was up 30% in 2023 compared to 2022. This year, Turkmenistan has surpassed Russia in gas exports to China. In 2023, Kazakhstan's agricultural exports to China doubled to $1 billion compared to 2022, making China the largest importer of agricultural products from the country. Historically, Russia has been a major trading partner for Central Asian countries due to the Soviet legacy of a command economy, which established strong economic interdependencies that persisted in post-USSR period. While the region is aggressively diversifying its trade relationships, Russia is increasing gas supplies and energy infrastructure investments, specifically in renewables and nuclear facilities. Kazakhstan delivers most of its oil to Europe through Russia. Russian-led organizations, including the Eurasian Economic Union (EAEU) and the Commonwealth of Independent States (CIS), promote cooperation and economic integration with free movement of goods, services, and capital among member states. Russia's war against Ukraine has disrupted supply chains, but it has also opened up new trade opportunities, especially for Kazakhstan, as...

Tajikistan and China Tighten Strategic Partnership

On his state visit to Tajikistan on July 5, Chinese President Xi Jinping confirmed China’s unwavering support of the country’s independence, sovereignty, and territorial integrity, and ready to develop a comprehensive strategic partnership between the two countries, engaged in negotiations with Tajik President Emomali Rahmon in Dushanbe. Opening the meeting, Rahmon said that for Tajikistan, strengthening a comprehensive strategic partnership with China is a priority, and added that Dushanbe firmly supports the one-China principle and opposes any form of Taiwan independence. As reported by Rahmon’s press service, the leaders discussed expanding cooperation in trade and economy, as well as Chinese investment in industry, energy, transport, agriculture, digitization of the economy, and artificial intelligence. Today, over 700 of Tajikistan’s industrial enterprises, including mining and mineral processing, are financed by Chinese capital, and looking ahead, the leaders earmarked the joint production of green technologies, and in particular, electric cars, solar panels and smart electric grids, as promising areas for ​​cooperation. Following the talks, the Chinese president told journalists that the two sides agreed to focus on high-quality Belt and Road cooperation, promote the synergy of the two countries’ development strategies, and assist each other's modernization drive. Xi also announced China’s readiness to increase its importation of quality products from Tajikistan and pledged support for boosting the country’s transit potential. Later in the day, the Chinese and Tajik presidents attended the inauguration of new parliament and government buildings in Dushanbe, built with China’s support. As testimony to the strong relationship between the two, Xi Jinping presented President Rahmon with the Friendship Medal of the People's Republic of China; the first time the award has been received by anyone outside China.    

Uzbekistan and Korea Forge New, High-Tech Agenda for Strategic Partnership

On 14 June, South Korean President Yoon Suk Yeol held talks with Uzbekistan President Shavkat Mirziyoyev. During their meeting in Tashkent, it was noted that the Republic of Korea is among Uzbekistan’s leading trade and investment partners. Last year, bilateral trade turnover reached $2.5 billion, and Korean investments in Uzbekistan now exceed $7.5 billion. Negotiations focused on the formation of a new, high-tech agenda for Uzbek-Korean strategic partnership over the next three years. As a result, the two leaders tasked their governments to prepare a Strategic Program for the creation of a regional high-tech hub in Uzbekistan, with priority given to the following “anchor” areas of the Strategy: Partnership on critical mineral resources with deep processing and creation of a complete added value chain. Strategic cooperation in the field of semiconductors, in which the Republic of Korea is recognized as a global leader, and the implementation of plans to create in Uzbekistan’s first fully-fledged research and production cluster of semiconductor products. Full-scale partnership in the chemical industry, including new projects to produce green hydrogen and ammonia, as well as finished rubber products. Deepening cooperation in mechanical engineering. This spring, an assembly line for KIA cars was launched in Uzbekistan’s Jizzakh region, to be followed next year, by a plant with the capacity to manufacture over 60 thousand vehicles per year. Transfer of technologies to develop “smart” agriculture, including via the digitalization of the agricultural sector,  the introduction of “smart” and “green” technologies. Agreements have already been reached on the creation of modern greenhouses and garden complexes in Uzbekistan’s regions based on renewable energy sources. Infrastructure modernization and a program for urban development, based on the high interest of Korean banks and companies in the modernization of transport infrastructure,  and the design and construction of residential and commercial real estate in Uzbekistan on the principles of public-private partnership. With regard to developing potential projects in  green energy and increase energy efficiency, strategic dialogue is to be resumed between energy ministers and a meeting organized in Uzbekistan in the near future.