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Regionalization Is Replacing Globalization, Kazakh President Says

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Kazakhstan Aims To Strengthen Economic Ties With Eurasian Economic Union, China And India

globalization, Regionalization Is Replacing Globalization, Kazakh President Says, Global Economic Report

June 17, 2022—As global trade breaks apart into regional blocks, Kazakh President Kassym-Jomart Tokayev says Kazakhstan aims to strengthen trade and economic ties with the Eurasian Economic Union.

“The key partner for Kazakhstan has always been Russia,” Tokayev said, adding that he intends to “fully respect commitments to traditional partners.”

The union is led by Russia and includes Armenia, Belarus, Kazakhstan and Kyrgyzstan. Furthermore, Tokayev said he sees the union of post-Soviet states building stronger ties with China, India and the Middle East.

“Kazakhstan firmly believes that Eurasia is our common house, and the states of our continent must closely cooperate together,” Tokayev said.

Global Upheavals Giving Way To Regionalization

“The global upheavals associated with the pandemic and rising geopolitical tensions have led to a new reality. Globalization has been replaced by the era of regionalization with all its inherent advantages and disadvantages,” he said as he addressed the St. Petersburg Economic Forum.

Other countries taking part in Russia’s economic forum include China, Egypt, Belarus, Armenia, and Afghanistan. Meanwhile, American Chamber of Commerce in Russia‘s Robert Agee was reportedly on the list of attendees. It is not clear if he attended.

Regionalization Is Replacing Globalization, Kazakh President Says, Global Economic ReportCopyright secured by Digiprove © 2022 Patti Mohr
globalization, Regionalization Is Replacing Globalization, Kazakh President Says, Global Economic Report

Patti Mohr

Patti Mohr is a U.S.-based journalist. She writes about global diplomacy, economics, and infringements on individual freedom. Patti is the founder of the Global Economic Report. Her goal is to elevate journalistic principles and share the pursuit of truth in concert with others.

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