• KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10860
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
10 November 2026

Viewing results 1 - 6 of 23

U.S. Midterms Hand Democrats a Central Asia Agenda They Helped Build

Democrats have won control of Congress in the November 3 midterms, ending President Donald Trump’s Republican majority. But they inherit a Central Asia agenda their party helped build, backed by substantial orders for American manufacturers. Uzbekistan Airways’ new Boeing deliveries are due to begin in 2031, while Kazakhstan’s $4.2 billion Wabtec agreement covers a decade. For American businesses, the region’s importance is already measured in export orders that outlast a congressional majority. American Jobs Behind the Diplomacy Kazakhstan signed its Wabtec agreement in September 2025. The U.S. Commerce Department said the Pennsylvania-based manufacturer would supply 300 heavy-haul locomotive kits over the next decade. It estimated that the deal would support more than 11,000 American jobs. Uzbekistan Airways initially ordered 14 Boeing 787-9 Dreamliners, with options for eight more. The Commerce Department valued that package at approximately $8.5 billion. The airline subsequently exercised the options, bringing its firm order to 22 aircraft. Those purchases give Astana and Tashkent a direct argument in Washington: engaging with them brings business to American factories. The relationship also gives U.S. manufacturers a reason to support continued engagement, whichever party controls congressional committees. From Biden to Trump The minerals agenda has already survived a change of president. The Biden administration signed a critical minerals cooperation memorandum with Uzbekistan in September 2024, aimed at diversifying global supplies. Under Trump, critical minerals and digital infrastructure remained on the agenda at the October 19 C5+1 meeting in Samarkand. The United States and the five Central Asian republics also backed increased trade through the Trans-Caspian route and closer links between their business communities. Congressional support crosses the same party divide. In October, Democratic Senator Chris Coons and Republican Senator Tim Sheehy introduced legislation to strengthen critical mineral supply chains through mining and processing partnerships with U.S. allies. A bipartisan artificial intelligence (AI) bill, reintroduced in February, similarly aims to strengthen American research and testing capacity. Kazakhstan’s June 2026 agreements with Firebird, a U.S. technology company, cover proposed AI infrastructure and advanced computing capacity. Central Asia offers customers for American technology as well as potential sources of strategic minerals. Both fit priorities Democrats have backed alongside Republicans. The incoming majority has reasons of its own to maintain that engagement. Congress’s Unfinished Business The Democratic majority will take office in January 2027, gaining control of committees and greater influence over legislation and oversight. Central Asian governments will also lose two established advocates. Republican Steve Daines and Democrat Gary Peters, who founded the Senate Central Asia Caucus in 2024, are both retiring that month. Their successors will inherit an unfinished trade agenda. Kazakhstan and Uzbekistan remain subject to the Cold War-era Jackson-Vanik Amendment, despite years of calls to remove its trade restrictions. Republican and Democratic lawmakers introduced repeal legislation in November 2025. While American manufacturers are booking Central Asian business into the 2030s, Congress is still debating whether to lift trade restrictions dating from 1974. At a September 2026 House hearing, lawmakers from both parties heard arguments for removing the restrictions. The discussion...

Uzbekistan Announces $12 Billion in Agreements During Marco Rubio’s Visit

Uzbekistan has announced 54 agreements covering trade, investment, and technological cooperation during U.S. Secretary of State Marco Rubio’s visit to Samarkand. The agreements are worth a total of $12 billion, according to Uzbekistan’s Ministry of Investment, Industry and Trade. The agreements were announced at the second meeting of the Uzbekistan–U.S. Business and Investment Council on October 19. Rubio also met President Shavkat Mirziyoyev that day. The ministry said the agreements cover transport and energy infrastructure, critical minerals, finance, digital technologies, agriculture, healthcare, and education. Rubio’s visit coincided with a C5+1 ministerial meeting, bringing together the United States and the five Central Asian countries. The Uzbek ministry stated that more than 400 business representatives participated in the program, including over 100 from the United States, 100 from other Central Asian countries, and 200 from Uzbekistan. It did not specify how much of the announced $12 billion has secured financing and how much remains at the planning stage. Several international companies were named in the agreements announced during the visit. According to the announced arrangements, cooperation with Wabtec is focused on localizing the production of railway equipment and components. Agreements involving ReElement Technologies, Traxys, and Trafigura cover mineral exploration, development, technological cooperation, and supplies. Other announced projects involve satellite communications with Amazon Leo, medical technologies with GE HealthCare, and agricultural efficiency with Valmont Industries. Speaking to reporters in Samarkand on October 19, Rubio said the visit was expected to produce concrete commercial results. “I think we’ll have some concrete deals to announce, meaning companies that are going to be doing business here that are being welcomed here and that are excited about doing business here,” Rubio said. He emphasized that the agreements should be viewed as the beginning of a broader economic relationship. “I also think that’s just the foundation that we intend to build on. We want to do more. This is not the end. This is the beginning,” he said. In their joint statement, the C5+1 governments supported expanding mineral processing and higher-value production within Central Asia. They also backed further development of the Trans-Caspian Trade Route and closer regional economic integration. The visit also marked the launch of the Enhanced Strategic Partnership Dialogue and Uzbekistan’s signing of the Artemis Accords on peaceful space exploration. From Investment Announcements to Projects In an interview with The Times of Central Asia (TCA), political analyst Abduvali Soyibnazarov described Rubio’s visit and the C5+1 meeting as a potentially important stage in Washington’s relations with Central Asia. Recalling the first C5+1 ministerial meeting, attended by then-U.S. Secretary of State John Kerry in Samarkand in November 2015, Soyibnazarov said the agenda has changed considerably over the past decade, with investment, critical minerals, advanced technologies, and new trade routes moving to the forefront. The analyst argued that Uzbekistan’s main measure of success should not be the number of memorandums signed, but how many projects ultimately secure financing and move forward. Uzbekistan’s investment minister, Laziz Kudratov, put the country’s portfolio of commercial agreements with the United States at...

Central Asian States Set Out Priorities After Rubio Talks in Samarkand

Central Asian governments backed closer cooperation on mineral processing and transport at the October 19 C5+1 meeting in Samarkand. Separate talks with U.S. Secretary of State Marco Rubio covered possible aircraft purchases for Kyrgyzstan and further diplomatic engagement with Kazakhstan and Turkmenistan. Uzbekistan announced a $12 billion package of agreements and prospective initiatives during the visit. For the other four Central Asian participants, the published accounts centered largely on cooperation priorities and follow-up discussions. The gathering followed the November 2025 White House summit and accompanied Uzbekistan’s signing of the Artemis Accords. It brought Rubio together with all five Central Asian foreign ministers, combining regional discussions with separate bilateral meetings. Kazakhstan’s Foreign Minister Mukhtar Tileuberdi discussed implementation of earlier presidential agreements with Rubio. The talks addressed attracting American investment and technology, with energy and critical minerals among the priorities. Washington also expressed interest in cooperation on artificial intelligence and communications infrastructure. According to Kazakhstan’s Foreign Ministry, Rubio expressed interest in visiting Kazakhstan after the December G20 summit in Miami. Kyrgyzstan’s talks included immediate obstacles to closer relations. Foreign Minister Jeenbek Kulubaev raised sanctions policy and visa restrictions with Rubio, alongside opportunities for American investment. The Kyrgyz side sought solutions that would facilitate educational and business exchanges. Presidential special representative Bakyt Sydykov briefed the U.S. delegation on Kyrgyzstan’s sanctions-related efforts, with Bishkek reaffirming its willingness to work with Washington to prevent sanctions circumvention. In a separate meeting, Kulubaev discussed possible Boeing aircraft deliveries to Kyrgyz airlines with company vice president Michael Schnabel. Financing options included possible involvement by the U.S. Export-Import Bank. The discussions also covered aircraft maintenance and aviation infrastructure. Tajikistan’s Foreign Minister Sirojiddin Muhriddin discussed expanding trade and investment with Rubio. The ministry’s account also described an exchange on regional security and stability in Central Asia. Turkmenistan reported a more specific diplomatic follow-up. Foreign Minister Rashid Meredov and Rubio outlined a schedule of further meetings and political consultations. U.S. special envoy Sergio Gor also attended the talks. The shared C5+1 statement set out the broader economic agenda. The six governments supported further development of the Trans-Caspian Trade Route and more closely aligned customs procedures. They also backed stronger industrial cooperation within Central Asia. On minerals, the statement envisaged expanded extraction and processing, alongside more production of higher-value goods within the region. It also supported exchanging expertise on geological data. These were collective policy intentions, without country-by-country financing allocations or project completion dates. Security commitments covered stronger border protection and counterterrorism cooperation, alongside efforts against transnational crime. The governments also supported practical cooperation on nuclear security and the peaceful use of nuclear energy.

Opinion: C5+1 in Samarkand: What Uzbekistan Expects and What Washington Wants

U.S. Secretary of State Marco Rubio has arrived in Uzbekistan with a delegation representing more than 200 American companies. He is attending a C5+1 ministerial meeting with the foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The agenda includes regional connectivity, energy security, trade, private investment, and economic modernization. The visit brings the format back to its birthplace. The first C5+1 ministerial meeting was held in Samarkand on November 1, 2015, with then-Secretary of State John Kerry. The November 6, 2025, summit in Washington gave the relationship a substantial commercial dimension. Uzbekistan and the United States announced economic agreements and trade contracts worth approximately $34.5 billion. President Donald Trump also said Uzbekistan intended to purchase and invest more than $100 billion in the United States over the following decade. Samarkand is now hosting a ministerial meeting accompanied by a large business delegation. The immediate question is how much of the previously announced portfolio has moved toward financing and implementation. In late September, Uzbekistan's Minister of Investment, Industry, and Trade, Laziz Kudratov, valued the project portfolio with the United States at $35 billion, with approximately $7 billion already completed. On that accounting, about $28 billion remains. In my assessment, the strongest overlap between American and Uzbek interests lies in processing critical minerals inside Uzbekistan, using American financing and technology to serve international supply chains. Washington wants alternative sources of strategic materials. Tashkent wants investment in industrial production rather than simply exporting raw materials. Their positions are less closely aligned on technology and relations with Iran. Uzbekistan seeks access to American artificial intelligence infrastructure while maintaining cooperation with China. It also regards Iran as an important transit partner. Washington's approach to sensitive technologies and sanctions could complicate both ambitions. Another Uzbek priority is ending the application of the Jackson–Vanik Amendment to Uzbekistan, a U.S. trade-law provision dating from 1974 that continues to affect the legal framework for bilateral commerce. Rubio can support its repeal, but Congress must make the decision. Investment Deals The C5+1 format has become more commercially focused. At the Washington summit, the U.S. Department of Commerce organized a dedicated venue for business agreements and announced more than $25 billion in commercial deals involving the five Central Asian countries. Since the Washington summit, Uzbekistan has developed additional channels for economic cooperation with the United States. A bilateral Business and Investment Council has brought together officials and business representatives. Cooperation has also expanded into critical minerals, energy, infrastructure, and advanced manufacturing. In June 2026, Uzbekistan's Ministry of Investment, Industry, and Trade, its Fund for Reconstruction and Development, the U.S. International Development Finance Corporation (DFC), and the Export-Import Bank of the United States (EXIM) announced a joint investment platform. Uzbekistan has also adopted a critical minerals development program for 2026–2030, covering 120 projects valued at $4.2 billion. The first stage includes 12 projects worth $166 million, with plans to produce high-purity selenium, tellurium, and rhenium. These plans reflect Tashkent's industrial priorities. Uzbekistan wants foreign partners to help build processing facilities and...

Uzbekistan Signs Space Accords as Rubio Opens Samarkand Talks

Uzbekistan joined the U.S.-led Artemis Accords on October 19 as Secretary of State Marco Rubio held talks in Samarkand. The signing accompanied the first Enhanced Strategic Partnership Dialogue between the two countries, with critical minerals among the priorities. Foreign Minister Bakhtiyor Saidov announced the signing after bilateral talks with Rubio. He said Uzbekistan had become the 77th country to join the framework for peaceful space exploration. Saidov said accession would support closer cooperation with NASA and other participating space agencies. He identified training for Uzbek specialists and access to space technologies as potential benefits. Established in 2020, the Artemis Accords set out principles for civilian space exploration. Signatories commit to peaceful operations and greater transparency, including sharing scientific data. The framework also addresses interference between missions and the preservation of historic sites in space. NASA describes the accords as nonbinding principles. Posting on X, Rubio confirmed he had met all five Central Asian foreign ministers during the C5+1 gathering. He said cooperation would expand commercial opportunities and strengthen regional security. American businesses also joined the visit as Washington seeks deeper economic ties across Central Asia. The visit follows the November 2025 White House summit, where Trump hosted all five Central Asian presidents. That meeting gave the partnership a stronger commercial focus, with aircraft orders and minerals projects featuring prominently. Samarkand brings ministers and businesses together to advance that agenda. The strategic dialogue focused on implementing agreements reached by the countries’ leaders and expanding economic cooperation. Saidov said the discussions covered energy and advanced technologies, alongside critical minerals. Education and security cooperation were also on the agenda. Rubio said separately that the talks addressed infrastructure and space cooperation, as well as engagement through C5+1, which brings together the United States and Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. In a separate meeting with Kazakh Foreign Minister Mukhtar Tileuberdi, Rubio reaffirmed plans to expand economic and security cooperation. He thanked Kazakhstan for supporting “President Trump’s peace initiatives, including the Abraham Accords.” Speaking to reporters in Samarkand, Rubio said nearly 300 American businesses were represented, and that agreements potentially worth billions of dollars were under discussion. He presented the visit as the start of deeper U.S. economic engagement with Central Asia. “I think we’ll have some concrete deals to announce,” he said, according to Euronews. A final list of agreements and their value had not been circulated at the time of those remarks. Rubio identified critical minerals as a priority, arguing that concentrated supplies created risks for countries dependent on them. "This is not about coming here to say, stop talking to somebody else or stop working with some other country," he said. Days earlier, at the October 15 summit of the Conference on Interaction and Confidence Building Measures in Asia in Baku, Kazakhstan’s President Kassym-Jomart Tokayev proposed a transport strategy spanning several international initiatives. His proposal included China’s Belt and Road and the planned Trump Route for International Peace and Prosperity (TRIPP) through Armenia. It illustrated the region’s pursuit of transport links involving...

Central Asia Looks to a Possible Trump Visit

U.S. President Donald Trump has expressed an interest in visiting Uzbekistan, according to one of his special envoys, raising the possibility that Central Asia could eventually receive its first visit by a sitting American president. Paolo Zampolli, Trump’s Special Envoy for Global Partnerships and long-time Trump associate, made the comment in an interview with Uzbekistan 24 while visiting the country. “I know that he wants to come to Uzbekistan,” Zampolli said, adding that Trump had personally told him he wanted to make the trip. Zampolli said he was encouraging the idea, but gave no timetable, and there has been no announcement that a visit is being scheduled. Trump had already publicly indicated that he may visit Kazakhstan. Asked during the November 2025 C5+1 summit if he might become the first U.S. president to visit the country, Trump replied, “I think it’s very possible that we’ll do that.” The comments come as U.S. engagement with Central Asia is accelerating. Trump hosted all five Central Asian presidents at the White House in November 2025. Kazakh President Kassym-Jomart Tokayev has invited him to Kazakhstan, while Uzbek President Shavkat Mirziyoyev has also invited him to Uzbekistan. Meanwhile, Secretary of State Marco Rubio is reported to be planning a mid-October visit to Samarkand for a C5+1 ministerial, with a delegation expected to include representatives of more than 100 U.S. companies. Sergio Gor, Trump’s Special Envoy for South and Central Asia, has also been involved in Washington’s engagement across the region. In Uzbekistan, he co-chairs the American-Uzbek Business and Investment Council with Saida Mirziyoyeva, head of the presidential administration. Kazakhstan and Uzbekistan bring different economic and strategic profiles to Washington’s expanding engagement with Central Asia. Why Kazakhstan Matters Kazakhstan is Central Asia’s largest economy. Its GDP reached about $306 billion in 2025, accounting for more than half of the combined economy of the five Central Asian states. Its share of accumulated foreign investment is even larger, with Kazakhstan holding roughly two-thirds of the region’s inward FDI stock, according to The Times of Central Asia’s Central Asia Balance Sheet. Its strategic importance extends beyond those measures. Kazakhstan produces close to 40% of the world’s uranium and is a major oil producer and exporter, supplying primarily European markets. It also holds substantial critical mineral resources and occupies a central position on the Middle Corridor connecting China and Europe. Recent U.S.-Kazakh commercial agreements include several large transactions. Wabtec has a $4.2 billion locomotive agreement, while Tau-Ken Samruk and Cove Capital have signed transaction documents for at least $1.1 billion in tungsten development. Other agreements cover agricultural machinery, air-traffic management, and additional Boeing aircraft. Kazakhstan also has a distinct diplomatic role in Trump’s engagement with the Muslim world. In November 2025, Kazakhstan joined the Abraham Accords, becoming the first Central Asian and first non-Arab Muslim-majority country to join the framework. Why Uzbekistan Matters With about 39 million people, Uzbekistan is the most populous country in Central Asia. It is also the only state that borders all four of the other...