• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12496.94
    • RUB159.38
    • EUR14405.22
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +37°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    Kazakhstan leads Central Asia with 82% increase in American investments in 2022

    Kazakhstan leads Central Asia with 82% increase in American investments in 2022

    Central Asian countries should be viewed by The United States as the subjects of their own stories rather than mere objects in the broader competition with other nations, according to Evan Feigenbaum, the Vice President for Studies at the Washington-based Carnegie Endowment for International Peace, The Astana Times reports.

    Photo: Central Asia: more than just a pawn in Global Politics
    Source: Amerika Ovozi

    U.S. approach towards Central Asia

    Feigenbaum underscored the need for a fundamental shift in the U.S. approach towards Central Asia.

    He stated, “I don’t think the United States is doing a good job of that. Increasingly, the United States thinks it is competing with China everywhere in the world. It is reducing countries to being proxies in a competition, and that is not really their game.”

    Global vs. regional outlook

    While the topic of the event focused on finding a “new formula for peace,” Feigenbaum expressed a pessimistic mood at the global level. He attributed this to Russia’s war in Ukraine and the strategic competition between the United States and China, both of which are having debilitating economic effects.

    Photo: Feigenbaum calls for shift in U.S. perspective on Central Asia
    Source: The Astana Times

    However, at the regional level, Feigenbaum sees optimism. He said, “But at a regional level, ironically enough, I actually find it more hopeful.” He highlighted a notable increase in economic interaction among the Central Asian countries.

    Kazakhstan’s growing trade

    In the case of Kazakhstan, the nation’s trade with Central Asian neighbours is also growing. According to the Kazakh Ministry of National Economy, in 2022, Kazakhstan’s trade turnover with Central Asian countries hit $8bn, 25% higher than the 2021 figure. Exports made up $5.7bn, and imports – $2.3bn.

     

    Feigenbaum highlighted the relocation of multinational companies from Russia to Kazakhstan as an example of how countries like Kazakhstan are leveraging some of the contradictions at the global level for advantage.

    Photo: Kazakhstan’s trade triumph: $8bn turnover with Central Asian neighbours in 2022
    Source: The Astana times

    Economic and security fragmentation

    Amid the current global challenges, Feigenbaum highlights a troubling trend where economics and security, once running in parallel lines, are now increasingly colliding. The expert identifies a significant disruption in economic integration, particularly driven by what he termed as “security fragmentation”. Feigenbaum suggested that one way to address this issue is through technology.

    He noted, “Almost all technologies, especially emerging and foundational technologies of the future, are dual-use in nature,” pointing out their potential military applications alongside economic or commercial uses.

    The dual-use perspective, which acknowledges both the commercial and security aspects of technology, underscores the risk of limiting opportunities for innovation. This perspective is particularly relevant in fields such as biotechnology, where the lack of trust between nations and heightened security competition can disrupt co-innovation, potentially impeding the development of critical medicines, therapeutics, and vaccines.

    Photo: Kazakhstan leads Central Asia with 82% increase in American investments in 2022 
    Source: The Institute for Peace and Diplomacy

    Challenge and opportunity

    Evan Feigenbaum, an expert in the field, highlights the challenges and opportunities this presents.

    He states, “I think that defines the challenge that we are facing, which is how not to ignore security but de-securitize, particularly some areas of technology where there is commercial and public benefit for Kazakhstan. The opportunity is to try, as I said, to leverage some of the contradictions among external partners, but also, frankly, to demand more from its partners, for example, that more value-added is left in the region when countries invest here.”

    For Central Asia, this is where the opportunity lies. “For a region like this, escaping from that security trap and focusing more on the positive benefits of economic integration, particularly because you are sitting astride very rapidly growing regions of the world – that’s the opportunity,” said the expert.

     

    Photo: C5+1 framework
    Source: The Diplomat

    American investments in Central Asia

    Analyzing the landscape of American economic involvement in Central Asia, Feigenbaum points out significant disparities, with a pronounced focus on Kazakhstan.

    According to the Kazakh Invest national company, the total influx of American investments in 2022 increased by 82%, reaching $5.1mn. Since 2005, the United States has invested over $95mn in Kazakhstan.

     

    The 2023 report released by the United Nations Conference on Trade and Development shows that Kazakhstan is leading in terms of investments. Out of $10.6mn invested overall in the region in 2022, Kazakhstan accounted for $6.1mn. 

    Photo: Central Asia’s investment landscape: Kazakhstan takes the lead
    Source: News Central Asia

    Focus on trade in diplomatic engagement

    Discussing American diplomatic engagement through the C5+1 framework, a diplomatic platform launched in 2015 to boost cooperation between Central Asia and the United States, Feigenbaum offers a historical perspective, noting the existence of a prior Trade and Investment Framework Agreement (TIFA) with all five Central Asian countries.

    “When I was in the Bush administration, the United States had something called a Trade and Investment Framework Agreement with all five countries of Central Asia. In fact, in a world where the United States mostly has bilateral TIFAs, it was the only regional TIFA that the United States had in the world with multiple countries,” he said.

    To enhance economic engagement in the region, the United States should redirect its focus from diplomatic discussions to initiatives that leverage American strengths in technology, innovation, entrepreneurship, capital markets, and English language education.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    30.12.2023, 14:50   Comments (0)   1414
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Uzbekistan's export rises by 86% due to GSP+ system introduction

    08.07.2022, 11:35

    U.S. engagement in Central Asia: geostrategic imperative

    20.09.2023, 10:50

    Central Asian geopolitics: deep dive into the "C5 + 1" phenomenon

    14.10.2023, 10:18

    Uzbekistan’s EV market soars with 90% Chinese imports in 2022  

    30.12.2023, 13:33

    United Russia party member dies after falling from his residence's window

    30.12.2023, 02:42

    Uzbekistan’s orange imports soar to 11,400 tons, up 35% from 2022

    30.12.2023, 02:35
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    China and Kazakhstan sign deal to expand rail freight to Europe via Central Asia

    Central Asia | 23 June, 12:43

    China Eximbank extends $500mn loan to Uzbekistan to develop telecommunications infrastructure

    Uzbekistan | 23 June, 11:30

    Uzbekistan, Azerbaijan agree on several new initiatives to boost trade and investment ties

    Uzbekistan | 23 June, 10:38

    Uzbekistan aims for 20 GW in renewables by 2030, Deputy PM tells SPIEF panel

    Uzbekistan | 23 June, 09:02

    Uzatom, Rosatom partner to develop ionization centers for medical and agricultural use in Uzbekistan

    Uzbekistan | 22 June, 16:33

    Uzbekistan could be affected by radiation from Iran in certain weather conditions, expert says

    Uzbekistan | 22 June, 12:30

    Foreign car prices in Uzbekistan see sharp decline in May

    Uzbekistan | 22 June, 10:30

    Uzbekistan, Afghanistan ink $9.5mn leather footwear export deal

    Uzbekistan | 21 June, 15:50
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.