• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 0%
  • TJS/USD = 0.10468 -0.1%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 61

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.

Uzbekistan and Turkey Deepen Strategic Partnership

On 6 June, President of Uzbekistan Shavkat Mirziyoyev and President of Türkiye Recep Tayyip Erdogan signed a Joint Declaration in Ankara on deepening the comprehensive strategic partnership between the two nations. During the third meeting of the Uzbek-Turkish High-Level Strategic Cooperation Council, chaired by the presidents, Mirziyoyev emphasized that the establishment of the Strategic Cooperation Council “opened a new page in the history of Uzbek-Turkish relations and gave a powerful impetus to the further development of partnership in all areas.” It was stated that in recent years, trade turnover between Uzbekistan and Turkey has increased 1.5-fold, the number of joint ventures has doubled, and Turkish investments in the Uzbek economy has grown 2.5-fold. Ninety flights operate weekly between the countries’ major cities and the number of Turkish tourists in Uzbekistan has tripled. The two countries now aim to increase the volume of bilateral trade turnover to five billion dollars in the shortest possible time. Leading Turkish companies as Cengiz Holding, Aksa Energy, Çalık Holding, Akay Inşaat, Anadolu Group, Özgüven, and Eczacıbaşı Holding are currently implementing over 100 projects in Uzbekistan and during President Mirziyoyev’s visit, a portfolio of new investment projects worth $10 billion was formed. The agenda focused on strengthening industrial cooperation, deepening the localization of production of goods with high added value, and joint entry into the markets of third countries. Emphasis was also placed on the need to reduce customs tariffs within the framework of the Agreement on Preferential Trade and on the introduction of a trade mission of Uzbekistan in Istanbul. ​​The importance of cooperation in increasing the transport and logistics potential of the two countries, including  effective harnessing of opportunities of the Middle Corridor, was discussed. In recognition of his role in their countries’ allegiance, President Erdogan awarded President Mirziyoyev with the Order of the Republic; the highest state order awarded to foreign nationals by the President of Turkey. Thanking the president, Mirziyoyev announced: “It is a great honor for me to receive such a high award from the Republic of Turkey on the day of signing the Declaration on Deepening the Comprehensive Strategic Partnership between our countries. This award is a symbol of thousands of years of fraternal ties between our peoples, confidential dialogue at the highest level, as well as rapidly developing multifaceted bilateral relations.”    

Kazakhstan and United States Strategic Partnership

On 31 May, Kazakhstan First Deputy Foreign Minister Akan Rakhmetullin and Assistant Secretary for the Bureau of South and Central Asian Affairs Donald Lu attended the sixth meeting of the Enhanced Strategic Partnership Dialogue (ESPD) between Kazakhstan and the United States in Washington, According to Kazakhstan’s Foreign Ministry, summaries were provided on recent collaborative initiatives and views on current bilateral and regional issues were synchronized. Plans were outlined for further development and enhancement of the countries’ strategic partnership, with a special emphasis on aspects of political and economic cooperation, as well as the human dimension. The participants also discussed projected outcomes of the meeting in the U.S in March, between Deputy Prime Minister - Minister of Foreign Affairs of Kazakhstan Murat Nurtleu and Secretary of State Antony Blinken. Rakhmetullin drew attention to the alignment of the political and democratic transformations declared by President Tokayev on the main issues on the bilateral agenda. He then highlighted the importance of developing infrastructure projects and transportation routes as key elements of bilateral trade and economic interaction. The parties also discussed cooperation in the fields of energy and critical minerals. The American side praised the steady progress of the bilateral partnership, with reference to projects launched following the C5+1 Presidential Summit in September 2023. During their visit, the Kazakh delegation also attended separate meetings with leaders of U.S. Administration, the State Department, the Office of the Trade, and other relevant U.S. agencies. At a round table event with representatives of American civil society, the Kazakh side gave presentations on innovations in national legislation on the protection of human rights in the country. The meeting concluded with an agreement to further Kazakhstan – U.S. Enhanced Strategic Partnership Dialogue at a meeting scheduled for 2025 in Astana.