The Central Asian and Chinese governments approved US$3.72 billion in regional grants, signed 54 major multilateral agreements, created 19 new regional platforms and signed a further 9 multilateral cooperation documents. We highlight each of these regional development measures and discuss foreign investment potential.
Overall growth with the proposed Turancez FTA a potentially significant major trade corridor boost By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis Introduction With the collapse of the Soviet Union, the Turkish recognition of the independence of the newly created republics of Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan in 1991 was the[…..]
The China-Central Asia summit has concluded, with the event overshadowed in the West due to the G7 meetings in Hiroshima. In this article we provide details on what was agreed between the participants in terms of financial development architecture.
Plans to increase mutual trade to US$100 billion by 2030 By Chris Devonshire-Ellis The 2023 China-Central Asia Summit has concluded in Xi’an, with the attending parties all signing off the ‘Xi’an Declaration’ which outlines mutual goals. Attendees included China’s President Xi Jinping along with Presidents Kassym-Jomart Kemeluly Tokay of Kazakhstan, Sadyr Japarov of Kyrgyzstan, Serdar[…..]
China’s economic and trade cooperation with the five Central Asian former Soviet states has achieved tangible results since diplomatic relations were established more than 30 years ago, China’s Ministry of Commerce has said, ahead of the China-Central Asian Summit which began yesterday (May 18). China’s trade with the five Central Asian countries – Kazakhstan, Kyrgyzstan,[…..]
Route will better link freight destinations from Helsinki to Mumbai Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi have taken part in a signing ceremony, held via video link, for an agreement on the construction of a rail line between the Iranian cities of Rasht and Astara, the Kremlin has stated.
The Digital Silk Way project, which Azerbaijan is implementing in partnership with colleagues from Kazakhstan and Turkmenistan, will speed up data transfer between the countries of Central Asia and Europe, Chairman of the Board of AzerTelekom Fuad Allahverdiyev said during the GSMA M360 Eurasia 2023 international conference in Azerbaijan’s capital Baku.
Beijing wants Washington to deliver on three conditions as bilateral trade declines 30% in 7 months By Chris Devonshire-Ellis The Chinese Foreign Ministry Spokesman, Wang Wenbin has delivered a searing criticism of the United States ahead of the G7 summit about to be held in Hiroshima.
According to a report issued by Ernst & Young, titled China’s Foreign Investment Survey Q1 2023, China’s overseas direct investment (ODI) totalled $40.47 billion, up 18% year-over-year. In particular, non-financial direct investment reached US$31.54 billion, an increase of 17.2%, while China’s ODI in countries along the Belt and Road reached US$5.76 billion, an increase of[…..]
Sanctions are having effects not remotely previously considered feasible as the true impact of them start to be felt across Eurasia. Some of the negative side will impact upon London, while positive impacts can be felt as far away as Astana in Kazakhstan.