Kazakhstan Ends Settlement Agreement with Uzbekistan
Kazakhstan to terminate long-term agreement with Uzbekistan on mutual settlements
Kazakhstan has announced its decision to terminate a long-term agreement with Uzbekistan on mutual settlements, according to a report by Tengrinews. The draft resolution of the Kazakh government, which was published on the draft bill discussion portal, cited the introduction of the national currency, the soum, in Uzbekistan as the reason for the termination of the agreement.
The agreement between the two countries was initially signed in 1994, prior to the introduction of the national currency in Uzbekistan. With the introduction of the soum, the agreement was deemed to have lost its relevance. The explanatory note to the draft resolution stated, “Terminate the agreement due to loss of relevance. The scope of the international treaty is currently regulated by the legislation of the Republic of Kazakhstan.”
The Ministry of Foreign Affairs of Kazakhstan has been tasked with notifying the Government of Uzbekistan about the denunciation of the agreement in accordance with the established legal procedure. Denunciation is a formal rejection by a state of a treaty it has entered into, providing a legal means to cancel treaty obligations. The rules and procedure for denunciation are typically outlined in the treaty itself.
This development marks a significant change in the relations between Kazakhstan and Uzbekistan in terms of mutual settlements, reflecting the evolving circumstances and policies of the two countries.
