E-Bulletin – Page 35

September 29, 2015

Current Situation of the International North South Transport Corridor

The International North-South Transport Corridor (INSTC) project was established in 2000 by Russia, India and Iran with a purpose of creating a corridor shorter than the current maritime Suez Canal transportation route in order to reduce the time and transportation costs of trade in goods. Later on, Belarus, Kazakhstan, Tajikistan, […]

September 22, 2015

V Summit Of The Turkic Council: Common Information Space And Enhancing Multilateral Cooperation

The V Summit of the Turkic Council was held in Astana on September 11, 2015. The main topic of the Summit included the enhancement and the development of multilateral cooperation, particularly, in the field of “media and information” and other various fields. Field of Media and Information: This field was the […]

September 20, 2015

Implementation of the Fiscal Policy in the Economy of Kazakhstan in 2015

Kazakhstan, like the other Eurasian countries, has been hit by large external shocks such as low oil prices and slowdown in Russian and Chinese economies. Kazakhstan’s real GDP growth rate reduced from 6% (five-year average) to 1.5% due to reduced domestic demand in 2015. Besides, after the 2009 and 2014 […]

September 15, 2015

Trade Cooperation Between Kazakhstan and China: Recent Trends and Future Perspectives

In August 30, 2015 President Nursultan Nazarbayev paid an official visit to China to take part in the celebration of the 70th anniversary of the Victory in the Pacific Day. Apart from discussing current issues of mutual interest, the two leaders discussed new opportunities of bilateral trade. The visit ended […]

September 8, 2015

Transition To The Floating Exchange Rate System In Kazakhstan

As a result of low oil prices in the world markets, sanctions against Russia, depreciation of Russian ruble and devaluation in China, Kazakhstan has had to accept the floating exchange rate regime and to start implementation of a new monetary policy since August 20, 2015. Kazakhstan faced a low growth […]

July 28, 2015

Recent Developments in India-Kazakhstan Energy Cooperation

Kazakhstan is India’s largest trading partner among the Central Asian states. The cooperation on energy resources and trade of natural resources is an important component of the partnership between India and Kazakhstan. The main commercial commodities between the countries are oil and oil products, uranium, asbestos, titanium, pharmaceuticals and agriculture. […]

July 21, 2015

The Asian Infrastructure Investment Bank: Development And Expectations

The first news about the Asian Infrastructure Investment Bank (AIIB) have come up by October 2013. During the meeting held in the course of visit to Indonesia the President of China, Xi Jinping, and the President of Indonesia, Susilo Bambang Yodhoyono, the Chinese president suggested to establish the AIIB in […]

July 14, 2015

Turkmenistan-Iran Energy Cooperation

Nowadays, Ashgabat and Tehran managed to establish more trusting relations, compared with relations between Iran and other Central Asian states. Due to the fact that the two countries share a common state border with the total length over 1000 km and confessional closeness, Turkmenistan and Iran stress the importance of […]

July 7, 2015

Benefits of the Membership of the World Trade Organization to Kazakhstan

The final meeting of the Working Group, which officially announced the completion of negotiations on Kazakhstan’s accession to The World Trade Organization (WTO) was held on June 22, 2015, in Geneva. Kazakhstan submitted its initial application on January 29, 1996, but it took nearly two decades to finalize accession talks […]

June 30, 2015

Effects Of The Iranian Nuclear Agreement On The Oil Market

Iran is the fourth oil-rich country (157 billion barrels of proven oil reserves) and the first natural gas-rich country (33.8 trillion cubic meters of proven natural gas reserves) in the world. Before the implementation of sanctions, Iran was the second largest crude oil exporter among the Petroleum Exporting Countries (OPEC) […]