Three Take-Outs from the Central Asian Presidential Meeting

On 15th of March, the close celebration of Nowruz brought together in Astana the heads of four of the five Central Asian states, with the notable exception of Gurbanguly Berdymukhammedov, president of Turkmenistan, who was instead represented by the speaker of the Parliament, Akja Nurberdyeva. Hosted by Kazakhstan, at the initiative of the Uzbek president, Shavkat Mirziyoev, the summit was praised post factum as a significant step for closer regional cooperation. Read more ...

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Recommendation | A Pivot to Europe: China’s Belt-and-Road Balancing Act

In the international agora, China is increasingly reaching out to Europe. Driven both by economic necessities and strategic imperatives, a grand design for crossing (and transforming) Asia has been advanced: the Belt-and-Road Initiative. As they share a common (extended) neighbourhood in the Middle East and Central Asia, the two actors’ manner of interaction – cooperative or adversarial – shall define the future of the region. Read more ...

A (Legally) Turbulent Affair: The Textile Industry in Uzbekistan

When thinking where to invest next, Uzbekistan would not necessarily rank first among your options. Nonetheless, a constant high cotton production, low-wage workforce, a relative proximity to the largest  markets, combined with a (seemingly) supportive state agricultural policy and incentives for investors made Uzbekistan’s textile industry an attractive business venue. However, as always, there is another side of the coin. This Mercantile Digest analyzes the challenges (legal and political) of Uzbekistan’s textile industry, while also offering advice for investors in order to prepare themselves in such a delicate economic environment. Read more ...