By Rohullah Osmani

January 21st, 2016, The CACI Analyst

The groundbreaking ceremony of the US$10 billion natural gas pipeline project linking Turkmenistan, Afghanistan, Pakistan, and India (TAPI) took place in Ashgabat, Turkmenistan on December 13, 2015, with the Afghan President, India’s Vice-President and Pakistani Prime Minister in attendance. The breakthrough on the long-delayed TAPI gas pipeline project came when the 22nd TAPI Steering Committee, consisting of representatives of the participating countries, as well as the Asian Development Bank (ADB) as the acting transactional advisor for the project, approved Turkmenistan’s state-owned Turkmengaz as the consortium leader to oversee efforts in constructing, financing and operating the 1,000 mile long natural gas pipeline. 

By Nurzhan Zhambekov (06/24/2015 issue of the CACI Analyst)

Kazakhstan completed its accession negotiations with the World Trade Organization (WTO) on June 10 and will join the WTO later in 2015. This is a milestone in Kazakhstan’s economic development. The WTO’s member states voted in favor of Kazakhstan’s accession at a meeting in Geneva on June 22, 2015. Whereas the economic impact is currently difficult to assess, the reduction in trade tariffs should in theory improve the competitiveness of Kazakhstan’s economy, leading to higher economic growth. In practice, Kazakhstan’s experience within the Eurasian Economic Union (EEU) has not been positive, as Kazakh producers have struggled to compete with larger Russian companies. Kazakh consumers are likely to benefit from Kazakhstan’s upcoming membership in the WTO, while Kazakh producers will face increasing international competition.