Welcome to the Caspian Daily, where you will find the 10 most important things you need to know on Caspian Sea Region. We appreciate ideas, reports, news and interesting articles. Send along to Caspian[at]moderndiplomacy.eu or on Twitter: @DGiannakopoulos
1As Western central banks continue their manipulation of the gold price in order to prop up flagging fiat currencies, two of the world’s largest bullion hoarders are fashioning their own gold market which will function outside the dollar system. This new approach is connected closely with the China-led New Silk Road project and the Shanghai-based Asian Infrastructure Investment Bank (AIIB). In May 2015 Beijing announced it had established a state-run gold investment fund, aiming to bolster China’s role in global gold trade. The new initiative is a part of China’s ambitious One Belt and One Road plan. The “Silk Road Gold Fund” will invest in mining projects in the regions along the New Silk Road encouraging central banks of its members to increase their holdings in the precious metal. [mining.com]
2Russia, Iran Plan To Expand Military Cooperation. Russian Foreign Minister Sergei Lavrov says the Kremlin plans to develop military and technical cooperation with Iran after international sanctions against Tehran are lifted under a nuclear deal between Iran and world powers. Lavrov made the remarks following talks in Moscow with Iranian Foreign Minister Mohammad Javad Zarif on August 17. Russian media reports said the two discussed the possible delivery of S-300 surface-to-air missiles from Russia to Iran and new contracts to build nuclear power plants in Iran.
3Trans-Caspian transport route: what does it mean for Azerbaijan? The member-states of the Trans-Caspian international transport route will be able to earn $1 billion in freight transportation for the first few years, Akif Mustafayev, TRACECA (Europe-Caucasus-Asia) transport cooperation program national secretary on Azerbaijan, told Trend News. The profit of Kazakhstan, Azerbaijan, Georgia and Turkey as a result of the transportation via this route will increase in the future. “The train has arrived from China to Azerbaijan, but it is necessary that this route gets extended through Georgia and Turkey, and then further to Europe,” he said. “Work is currently underway in this regard, and the arrival of the first train gives hope that the work will be completed in the near future.”In general, as the national secretary said, all the projects realized recently, including the construction and reconstruction of the railway in Azerbaijan, the construction of the Baku-Tbilisi-Kars railway’s section and a new international seaport in Alat, are aimed at high-level cargo transportation from China to Europe.
4Azerbaijan’s model of interfaith harmony. The Valley Outreach Synagogue, one of the most influential Jewish synagogues in Los Angeles, hosted a presentation on Azerbaijan on August 14, 2015. Attended by over 500 members of the Synagogue, the event featured Nasimi Aghayev, Azerbaijan’s Consul General in Los Angeles. Synagogue’s Spritual Leader Rabbi Ron Li-Paz noted that during the turbulent times of religious intolerance and violence in various parts of the world, especially in the Middle East, Azerbaijan stands out as a beacon of tolerance, interfaith harmony and secularism. He called Azerbaijan “a ray of hope in the darkness” and an exemplary model of religious tolerance and acceptance.
5Iran’s energy ministry and the State Agency on Alternative and Renewable Energy Sources (SAARES) are set to enter into a deal on enhancing generation of renewable energies, a deputy energy minister said. Houshang Falahatian was quotes by shana as saying on Tuesday that Iran plans to add 1,000mg it to power generation by renewables. Once sealed, Azeri companies active in the field of renewable energies will start cooperating with MAPNA group in Iran for developing projects for generation of power from renewable energy resources.
6Goods transfered from Central Asian countries to Bandar Abbas – port by Persian Gulf in southern Iran – will recieve 35 percent transfer discount, Hossein Ashouri, an official with Iran’s railroad organization said. He added that Iran also gives 40 percent discount to the transfer of goods from Central Asia to Pakistan via the Iranian railroad, IRNA news agency reported August 17. The official further said that a two-way discount is also to be given to the transfer of goods between Iran’s northeastern border city of Sarakhs and Turkey.
7Russian energy company Rosneft said on Monday it had registered to take part in the 13th licensing round organised by Brazilian national energy agency Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis. Rosneft said that 10 oil basins and blocks, located onshore and offshore, would be put up for sale at the licensing round.
8More than 700 Russian and foreign companies from 30 countries will put their products on display at the MAKS-2015 aerospace show. According to exhibition director, 40 Iranian companies are also due to showcase their products and achievements in MAKS-2015, including Iran Air Show, Qom International Airport, and Sharif Hamrah Pazhouhan Science and Technology Co. Unlike previous years, Iranian firms and companies have been provided with a larger space in the exhibition this year. Several satellites and launchers, jet engines, navigation systems, helicopters and airplanes are among the Iranian products to go on display in MAKS-2015.
9Yuan’s devaluation to impact Kazakh economy. The decision of the world’s second-largest economy – China – to devalue its national currency has unsettled global financial markets. Sabit Khakimjanov, the director of research at the Halyk Finance JSC, believes that the depreciation of the yuan might increase the likelihood for the devaluation of Kazakhstan’s national currency, the tenge. “First, yuan’s depreciation will further strengthen overvaluation of tenge. This is certainly an additional handicap for Kazakh producers, but when considering the fact that tenge has greatly overvalued against the ruble by 20-25 percent in real terms, the devaluation of yuan by 2 percent is relatively not too big,” he told local media. Several experts consider the devaluation of yuan as a positive factor for Kazakh exporters; while others claim that the depreciation of the Chinese currency not will have any impact on either the Kazakh economy, or the tenge, as Kazakhstan is not a rival of China. [Azernews]
10Three days for Constitution Day in Kazakhstan. This year, Kazakhstan celebrates the 20 years anniversary of the Constitution. The anniversary of the Constitution will be celebrated along with the 20th anniversary of the Assembly of People of Kazakhstan.
Mexico officially joins IEA: First member in Latin America
Mexico officially became the International Energy Agency’s 30th member country on 17 February 2018, and its first member in Latin America. The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican Senate.
Mexico’s accession is a cornerstone of the IEA’s on-going modernization strategy, including “opening the doors” of the IEA to engage more deeply with emerging economies and the key energy players of Latin America, Asia and Africa, towards a secure, sustainable and affordable energy future.
The IEA Family of 30 Member countries and seven Association countries now accounts for more than 70% of global energy consumption, up from less than 40% in 2015.
“With this final step, Mexico enters the most important energy forum in the world,” said Joaquín Coldwell, Mexico’s Secretary of Energy. “We will take our part in setting the world’s energy policies, receive experienced advisory in best international practices, and participate in emergency response exercises.”
“It is a historic day because we welcome our first Latin American member country, with more than 120 million inhabitants, an important oil producer, and a weighty voice in global energy,” said Dr Fatih Birol, the IEA’s Executive Director. “The ambitious and successful energy reforms of recent years have put Mexico firmly on the global energy policy map.”
At the last IEA Ministerial Meeting, held in Paris in November 2017, ministers representing the IEA’s member countries unanimously endorsed the rapid steps Mexico was taking to become the next member of the IEA, providing a major boost for global energy governance.
They recognized that Mexico had taken all necessary steps in record time to meet international membership requirements since its initial expression of interest in November 2015. In December, the Mexican Senate ratified the IEP Agreement paving the way for the deposit of the accession instrument and for membership to take effect.
Mexico is the world’s 15th-largest economy and 12th-largest oil producer, and has some of the world’s best renewable energy resources. The IEA family will benefit greatly from Mexico’s contribution on discussion about the world’s energy challenges. The IEA is delighted to continue supporting implementation of Mexico’s energy reform with technical expertise, and further intensifying the fruitful bilateral dialogue of energy policy best practice exchange.
Guterres: Korean nuclear crisis, Middle East quagmire eroding global security
“Conflicts are becoming more and more interrelated and more and more related to a set of a new global terrorism threat to all of us,” Mr. Guterres said in his keynote address at the opening ceremony on Friday of the Munich Security Conference.
For the first time since the end of the Cold War, the world is facing the threat of nuclear weapons and long-range missiles posed by the Democratic People’s Republic of Korea (DPRK), which he called “a development made in total contradiction to the will of the international community and in clear violation of several resolutions of the Security Council.”
He said that it was essential to maintain “meaningful pressure over North Korea” to create an opportunity for diplomatic engagement on the peaceful denuclearization of the Korean peninsula within a regional framework.
“The two key stakeholders in relation to this crisis, the United States and [DPRK]” must be able to “come together and have a meaningful discussion on these issues,” he said, adding that it is “important not to miss the opportunity of a peaceful resolution through diplomatic engagement as a military solution would be a disaster with catastrophic consequences that we cannot even be able to imagine.”
The situation in the broader Middle East, which the UN chief said had become a “Gordian knot,” was also eroding global security, with that are crises that are “crossing each other and interconnected.”
Pointing to the Palestinian-Israeli conflict, and wars in Syria, Yemen and Libya, among others, Mr. Guterres said the entire Middle East has “became a mess,” with varied and intersecting fault lines.
He warned of the absence of a common vision in the region and said that even if interests are contradictory, the threats these conflicts represent would justify some efforts to come together.
Turning to cyber-security, Mr. Guterres called for a serious discussion about the international legal framework in which cyberwars take place.
“I can guarantee that the United Nations would be ready to be a platform in which different actors could come together and discuss the way forward, to find the adequate approaches to make sure that we are able to deal with the problem of cybersecurity,” he said, noting that artificial intelligence provides “enormous potential for economic development, social development and for the well-being for all of us.”
The Secretary-General said that Governments and others have been unable to manage human mobility. He warned that this had created mistrust and doubts about globalism and multilateralism.
“This is a reason why,” he said, “we need to be able to unite, we need to be able to affirm that global problems can only be addressed with global solutions and that multilateralism is today more necessary than ever.”
Supporting tourism development in Africa through better measurement
In an effort to better measure tourism growth and development in Africa, UNWTO signed a Cooperation Agreement with the Nigeria Tourism Development Corporation for the Strengthening of the National Tourism Statistical System of Nigeria and the Development of a Tourism Satellite Account.
UNWTO is committed to developing tourism measurement for furthering knowledge of the sector, monitoring progress, evaluating impact, promoting results-focused management, and highlighting strategic issues for policy objectives.
On the occasion of the meeting between UNWTO Secretary-General, Zurab Pololikashvili, and the Minister of Information and Culture of Nigeria, Mr. Lai Mohammed, the agreement to host the Sixty-First meeting of the UNWTO Commission for Africa and the Seminar on ‘Tourism Statistics: A Catalyst for Development’ in Nigerian capital, Abuja, from 4 to 6 June 2018, was signed.
The meetings will be open to the participation of UNWTO Member States and Affiliate Members, as well as invited delegations and representatives of the tourism and related sectors. Officials of immigration departments, national statistics bureaus, central banks and other relevant stakeholders will be invited to join.
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