By Rafis Abazov
October 8th, 2015, The CACI Analyst
During his recent visit to China, Kazakhstan’s President Nursultan Nazarbayev signed a series of trade agreements and Memorandums of Understanding (MOUs) on 48 projects valued at about US$ 30 billion. The Minister of Economic Affairs, Yerbolat Dosayev, has called the Chinese market one of the “main markets for Kazakhstan.” The Kazakh government also reiterated its support for the Beijing-instigated “Silk Road Economic Belt (SREB)” initiative and agreed to continue working on several large infrastructure projects. But opinions of Kazakh experts on the SREB are divided. Some believe China’s financial backing will strengthen trade and lead to economic growth, but others are skeptical, claiming it would conflict with the U.S.´s “New Silk Road” initiative.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.