Tajikistan signs strategic partnership deal with China

By bne IntelliNews May 21, 2013

bne -

Tajikistan signed a wide-reaching strategic partnership agreement with China on May 20, including deals covering cooperation in security, the wider economy, and joint development of energy and mineral resources.

Seven agreements in total were signed during Tajik President Emomali Rakhmon's visit to Beijing on May 20. After the meeting, Chinese President Xi Jinping said the two countries need to "consolidate cooperation, safeguard common interests and address common challenges", Xinhua reports.

The strategic partnership will cement cooperation in numerous areas, Xi added. In return, Rakhmon said that Dushanbe is willing to offer "firm support" to China on key issues.

The two countries plan to jointly explore deposits of oil, gas and minerals, and may also work together on building power infrastructure including wind and solar energy generation. They will also speed up work on cross-border road and rail projects, and joint schemes in the aviation sector. Plans are also in place to improve financial support to boost mutual trade, and to help Chinese businesses invest into Tajikistan and settle transactions in their own currency.

China will provide a CNY200m ($32.2m) grant to Tajikistan, under an inter-governmental agreement on economic and technical cooperation. A loan agreement between Tajikistan's Amonatbonk and the China Development Bank was also signed, according to a statement on Tajikistan's presidential website

China is already one of the main players in the Tajik economy, with Chinese companies rebuilding several of the main highways across the country, and heavy Chinese investments into the mining and construction sectors.

The new push from Beijing is part of its race with Russia for influence in Central Asia. Tajikistan has recently seen tension arising in its relations with Moscow, with Dushanbe delaying the ratification of an agreement extending Russia's military presence in Tajikistan. Russia has retaliated by threats to restrict the entry of Tajik economic migrants, with remittances from Russia one of the main sources of Tajikistan's GDP.

However, with the withdrawal of international forces from Afghanistan raising fears about instability in the region, Dushanbe is expected to continue to rely primarily on Russia.

Related Articles

Drum rolls in the great disappearing act of Russia's banks

Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more

Kremlin: No evidence in Olympic doping allegations against Russia

bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more

PROFILE: Day of reckoning comes for eccentric owner of Russian bank Uralsib

Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss