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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

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NEWS

Uzbekistan May Boost Investment Flow from EU Through Co-Op with EPCA

en.trend.az/
22 November 2019
Ongoing negotiations between the EU and Uzbekistan for an Enhanced Partnership and Cooperation Agreement (EPCA) could pave the way for more trade and investment, European Commission’s representative told Trend in an interview. "The start of European Investment Bank (EIB) operations in Uzbekistan in 2017 to support public and private sector projects in the areas of infrastructure, energy and energy efficiency, and assist SMEs in the country is one of these examples," the representative noted. According to the official, EU investment flows to Uzbekistan are showing a growing trend. |read|

Central Asian Leaders to Gather in Uzbekistan for 2nd Consultative Meeting

www.xinhuanet.com/english/home.htm
22 November 2019
The second consultative meeting of the heads of state of the five Central Asian states will be held here on Nov. 29, Uzbek state news agency UzA said Friday. The agenda of the summit includes issues of expanding regional cooperation in sucha fields as politics, culture, trade, economy, investment, transportation and communication, according to UzA's report. |read|

Ashgabat Initiative adopted to reduce trade barriers among Central Asia, Azerbaijan, Afghanistan

en.trend.az/
22 November 2019
The Ashgabat Initiative on the reduction of barriers to trade and transport in the region has been adopted as part of the Days of the United Nations Special Program for the Economies of Central Asia (SPECA) held Nov. 18-21 in the Turkmen capital, Trend reports referring to the United Nations Economic Commission for Europe (UNECE) website. The Central Asian nations of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, together with Afghanistan and Azerbaijan, have taken a decisive step to capitalize on this potential with the adoption of a new initiative to reduce barriers to trade and transport using UN legal instruments, standards and recommendations, significantly increasing interconnectivity in the region, reads a UNECE press release. |read|

EBRD Investing up to $40M in Uzbekistan's Retail Sector

en.trend.az/
21 November 2019
The European Bank for Reconstruction and Development (EBRD) is investing up to $40 million in direct equity in the Uzbekistan's Anglesey Food company, the operator of the korzinka.uz supermarket chain in Uzbekistan, Trend reports citing Uzbek media. Investments will go to support the program to expand the network from the current 50 to 140 supermarkets by 2025, as well as to improve operational efficiency and corporate governance standards, in accordance with international standards. |read|

Uzbekistan's ambassador to the USA meets with Mississippi Governor

www.uzdaily.com/en
20 November 2019
The Ambassador of Uzbekistan to the United States, Javlon Vakhabov, met with Mississippi Governor Phil Bryant, Dunyo news agency reported. The course of implementation of the agreements on expanding trade and investment cooperation reached during the visit of the state delegation to Uzbekistan in May 2019 was discussed. The meeting was also attended by the head of the Governor’s Administration, Joy Song, Mississippi Senator Joel Carter, the president of AMS Services engineering company Andy Brohead and his deputies. |read|

Generalized System of Preferences (GSP): Notice Regarding a Hearing for Country Practice Reviews of Azerbaijan, Ecuador, Georgia, Indonesia, Kazakhstan, Thailand, South Africa, and Uzbekistan, and for the Country Designation Review of Laos

www.federalregister.gov/
19 November 2019
The Office of the United States Trade Representative (USTR) is announcing a hearing for the GSP country practice reviews of Azerbaijan, Ecuador, Georgia, Indonesia, Kazakhstan, Thailand, South Africa, and Uzbekistan, and the country designation review of Laos. Read more here. |read|

Uzbekistan to Improve the Quality of Basic Infrastructure for Rural Residents with Community Participation

www.uzdaily.com/en
19 November 2019
Last week, the World Bank's Board of Executive Directors today approved a US$100 million credit from the International Development Association (IDA) for the Prosperous Villages Project in Uzbekistan. The project will improve the quality of basic infrastructure and communal services. Village residents will collectively decide which priorities to receive funding. |read|

The Silk Road Summit Conference takes place in USA

www.uzdaily.com/en
18 November 2019
The III annual conference “The Silk Road summit” was held in the building of the US Senate, organized by the leading analytical institution of the USA “Center of Eurasia”, Dunyo reported. The event was attended by over 70 representatives of official, business and diplomatic circles of the United States. The conference was devoted to the prospects for the development of economic, trade, transport and logistics relations between countries located along the historical route of the Great Silk Road, and the opening up opportunities for American business. |read|

Presentation of investment and tourism potential of Uzbekistan takes place in the USA

www.uzdaily.com/en
18 November 2019
On 13 November 2019, the Embassy of the Republic of Uzbekistan in the United States, together with the Harvard Club in Washington, organized a presentation of the investment potential and tourist brand of our country for graduates of Harvard University, which ranks third among the best universities in the world. Harvard graduates are 8 US presidents, more than 30 foreign heads of state, about 160 Nobel laureates, and also large businessmen. The event was attended by over 100 members of the Harvard Club in Washington, who are leading government officials, representatives of international organizations and large American companies, as well as professors of US research institutes. |read|

Uzbekistan says may list large energy, mining firms

www.reuters.com/
15 November 2019
* State body drafts list of 20 IPO candidates * List includes large energy, mining companies * Domestic listings to precede international offerings |read|

Uzbekistan, IMF consider reforms in tax system

www.uzdaily.com/en
15 November 2019
A working meeting was held at the State Tax Committee with an expert from the mission of the International Monetary Fund, Lawrence Dwight. The discussion topic is "Tax Reforms and Administration," the press service of the State Tax Committee informs. Read more here. |read|

ADB Vice-President Chen Highlights Uzbekistan's Capital Market Development Priorities in Keynote Speech

www.adb.org/
15 November 2019
Asian Development Bank (ADB) Vice-President Mr. Shixin Chen today delivered the keynote address at an international conference in Tashkent on the role of capital markets in accelerating Uzbekistan's economic development. He highlighted how properly functioning capital markets can bolster private sector financing, help to deliver new infrastructure, and act as a buffer against economic shocks. |read|

IBRD to Provide $500M loan to Uzbekistan

en.trend.az/
15 November 2019
International Bank for Reconstruction and Development (IBRD) will provide a loan of $500 million to Uzbekistan, as was stated in a resolution of Uzbekistan's President Shavkat Mirziyoyev, Trend reports citing "Norma" information and legal portal. The loan agreement with the IBRD was signed on July 19, 2019. The loan has a repayment term of 30 years, including a 5-year grace period. |read|

Central Asian Water Supply and Sanitation Experts Share Experiences at Conference in Tashkent

www.worldbank.org/
14 November 2019
The Central Asia Regional Water Supply and Sanitation Conference convened participants from the five countries of the region in Tashkent, Uzbekistan, to discuss best practices for building climate-resistant water supply and sanitation services. The two-day event, titled Towards Regional Initiatives for Sustainable and Climate Resilient Water Supply and Sanitation Services in Central Asia, was organized jointly by Uzbekistan's Ministry of Housing and Communal Services and the World Bank, with funding from the Central Asia Water and Energy Program (CAWEP) and the Global Facility for Disaster Reduction and Recovery (GFDRR). Read more here. |read|

New Regional Transport Strategy to Drive Sustainable Development for CAREC Region

www.adb.org/
14 November 2019
Ministers from the 11 members of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new strategy designed to improve multimodal transport infrastructure and operations in the region, resulting in greater social and economic development in the next decade. Read more here. |read|

Uzbekistan, US Discuss Issues of Capital and Goods Market Development

www.uzdaily.com/en
14 November 2019
On 14 November 2019, in the Senate of the Oliy Majlis of the Republic of Uzbekistan, a meeting was held between the First Deputy Chairman of the Senate of the Oliy Majlis Sodik Safoev and a delegation composed of representatives of the Securities and Exchange Commissions and the United States Commodity Futures Trading. During the meeting, it was noted that the deep structural transformations carried out by the government of Uzbekistan at a new stage in the country's development, in particular economic reforms, give tangible results that are recognized by the world community. This also applies to the capital market, which is one of the central links in the overall system of interconnected sectors of the economy. |read|

USAID Hosts the Ninth Annual Central Asia Trade Forum in Shymkent, Kazakhstan

uz.usembassy.gov/
12 November 2019
The Central Asia Trade Forum, the region's flagship international event for companies and exporters, opened today in Shymkent, Kazakhstan. Over 500 leaders from government, business and civil society from Central and South Asia, Europe, and the United States gathered to explore investment and innovation in horticulture across the region. Read more here. |read|

EU will invest €20 million to support rural areas of Uzbekistan and protect its most vulnerable communities

ec.europa.eu/europeaid/home_en
11 November 2019
The European Union will invest €20 million in rural development in Uzbekistan. €10 million will be spent on developing job skills in rural areas. €5 million will protect severely climate-affected communities of the Aral Sea region. |read|

United States opens Uzbek Carpets Trading House

www.uza.uz/en/
11 November 2019
The official opening ceremony of the first trading house of Uzbekistan's SAG company for the sale of carpets was held in Philadelphia. The ceremony was attended by Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the United States Javlon Vakhabov and Chairman of Uzbekistan Textile Industry Association Ilkhom Khaydarov. |read|

US maintains duty-free trade for Uzbekistan

en.trend.az/
11 November 2019
Office of the US Trade Representative (USTR), part of the Executive Office of the US President, has announced its decision to terminate the practice of hearings that examined the applicability of the General System of Preferences (GSP) to Uzbekistan, Trend reports citing the press service of Uzbekistan's Foreign Ministry. "Following the consideration of the parties' submissions and the materials submitted, the Office of the US Trade Representative decided to maintain the application of duty free trade regime in Uzbekistan and to close the hearing on the issue of intellectual property," the statement said. USTR commented that the decision to close the review procedure took into account the important steps that Uzbekistan has taken to improve the legal regime for the protection of intellectual property, including Uzbekistan's accession to the 1971 Convention for the Protection of Producers of Phonograms and WIPO Performances and Phonograms Treaty of 1996. |read|

Center for Disease Control Signs MOU with Tashkent Medical Academy

uz.usembassy.gov/
7 November 2019
U.S. Ambassador to Uzbekistan Daniel Rosenblum participated in a signing ceremony for a Memorandum of Understanding to formalize joint public health education and scientific research between the Centers for Disease Control and Prevention (CDC), the Department of Health and Human Services of the United States of America, and the Tashkent Medical Academy, representing the Ministry of Health of the Republic of Uzbekistan. |read|

EBRD projects strong economy growth for Uzbekistan in 2020

akipress.com/
7 November 2019
The EBRD believes the economy Uzbekistan will continue its strong showing in 2020. Uzbekistan's GDP is expected to grow by 5.5 per cent in 2019 and 5. |read|

RAEX-Europe: Uzbekistan's banking sector to continue rapid growth

en.trend.az/
7 November 2019
Uzbekistan's government has launched a cooperation agreement with international financial institutions in order to transform state-owned banks and increase effectiveness and this is a positive signal for investors, Trend reports citing RAEX-Europe credit rating agency's report. Uzbekistan's current blast score ratio (BSR) score reflects the high concentration of the banking sector, excessive dollarization and underdeveloped capital markets against the backdrop of elevated inflation and weak national currency, reads the message. "Banks' assets surged significantly in Uzbekistan. |read|

Uzbekistan To Introduce New Currency Control Rules

www.mondaq.com/
6 November 2019
The President has signed the Law On Currency Regulation No. ZRU-573 of October 22, 2019 (the "New Law"), which is effective since its date of publication - 23 October 2019. As the result, the Law On Currency Regulation No. |read|

"The Financial Times" writes about the tourism potential of Uzbekistan

www.uzdaily.com/en
4 November 2019
An article "Unexplored treasures of the Silk Road of Uzbekistan - a journey led by architects, scientists, chefs and curators takes visitors beyond the usual route," was published in the online version of the British publication "The Financial Times". The author, journalist and writer Sophie Roberts specializes in preparing essays on tourist attractions around the world for publications in the United Kingdom and the United States, including The Economist and The Financial Times. She in an article told about her impressions from visiting Uzbekistan, historical cities and cultural monuments of the country. |read|

Uzbekistan receives over $100M of investments for innovations

en.trend.az/
4 November 2019
Uzbekistan entered the top 20 reforming countries which created the most favorable conditions Within the framework of InnoWeek-2019 (Innovation Week), Uzbekistan's Ministry of Innovative Development signed memorandums of understanding and investment agreements with businessmen of China, Turkey, Israel, Poland, South Korea and India for a total of $108.7 million, Trend reports with reference to the press service of the ministry. On the first day of the week, the Ministry of Innovative Development signed memorandums of understanding for a total of $96. |read|

United States Strengthens Regional Cooperation Toward Common Electricity Market

uz.usembassy.gov/
4 November 2019
The United States, through the United States Agency for International Development (USAID), supported a two-day regionwide workshop on the Concept and Prospects for a Central Asia Regional Electricity Market (CAREM). Power sector representatives from all five Central Asian countries attended the conference and shared their nation's experiences on recent developments and current priorities in their respective power sectors. International experts presented best practices of electricity markets successfully implemented in other regions. |read|

Turkmenistan, Uzbekistan ready to build up business partnership

www.azernews.az/
4 November 2019
President of Uzbekistan Shavkat Mirziyoyev received Turkmen Deputy Prime Minister and Foreign Minister Rashid Meredov in Tashkent, Trend reports referring to the Uzbek presidential press-service. During the meeting, the sides stressed that there is great potential for further building up the mutually beneficial cooperation in the trade, economy, transport, communication, energy, agriculture and other sectors of the economy. The Uzbek president and Turkmen foreign minister discussed issues of the regional agenda, as well as those related to the upcoming summit events in bilateral and multilateral formats. |read|

The U.S.-Central Asian Economic Partnership Discussion: A New Historic Chapter

www.aucconline.com/
1 November 2019
On October 22, a new chapter was added to the history books when six heads of Central Asian Trade Delegations, including Afghanistan, spoke as one voice about commercial opportunities in the region before the large U.S. business community. |read|

AUCC Statement on the 2019 U.S.-Uzbekistan Annual Business Forum

www.aucconline.com/
1 November 2019
On October 22nd, the American-Uzbekistan Chamber of Commerce (AUCC) held its 2019 U.S.-Uzbekistan Annual Business Forum in Washington DC. This signature event was led by U. |read|
» 31 October 2019: Webster University Opens its Branch in Uzbekistan
» 31 October 2019: Uzbekistan, ADB discuss development of cooperation
» 23 October 2019: Readout from EXIM Chairman Kimberly Reed's Meeting with Uzbekistan's Minister of Investments and Foreign Trade Sardor Umurzakov
» 23 October 2019: Remarks by Commerce Secretary Wilbur L. Ross at the American-Uzbekistan Chamber of Commerce Annual Business Forum
» 22 October 2019: More Speakers Added: 2019 U.S.-Uzbekistan Annual Business Forum
» 10 October 2019: Mayor Muriel Bowser Welcomes Participants of the 2019 U.S.-Uzbekistan Annual Business Forum that will be held on October 22, 2019 in Washington, D.C.
» 7 October 2019: AUCC Welcomes Bechtel Corporation as Newest Member
» 3 October 2019: AUCC Welcomes Xtellus Capital Partners as Newest Member
» 30 September 2019: EBRD plans to boost green energy financing in Uzbekistan
» 28 September 2019: Uzbek Neftegazinvest opens tender to buy absorber
» 28 September 2019: Uzbekistan among TOP-20 countries for doing business - World Bank
» 27 September 2019: US Congressmen Kelly, Gonzalez Introduce Resolution Expressing Support of Independence and Further Development of the Strategic Partnership Between the United States and Uzbekistan
» 26 September 2019: Uzbekistan lowers value added tax to liberalize tax policy
» 26 September 2019: ADB to Improve Access to Finance, Veterinary Services of Uzbekistan's Livestock Sector
» 25 September 2019: First C-check performed on Boeing-787 Dreamliner in Tashkent
» 25 September 2019: USAID Hosts the Ninth Annual Central Asia Trade Forum in Shymkent, Kazakhstan
» 25 September 2019: The fourth meeting of the Central Asian working group to promote commercial standards for commercial product quality
» 24 September 2019: New areas for cooperation with EIB proposed in Uzbekistan
» 21 September 2019: Uzbekistan signs 10-year deal on power supplies to Afghanistan
» 21 September 2019: ADB Vice-President Reaffirms Commitment to Uzbekistan's Development
» 21 September 2019: Uzbekistan's WTO accession to increase only imports, exports to lag
» 20 September 2019: Uzbekistan says three upstream gas deals close to signing
» 20 September 2019: Uzbekistan introduces special visa for foreign investors
» 20 September 2019: CAREC Countries Move a Step Closer to Regional Energy Market After Historic Ministers' Meeting in Uzbekistan
» 20 September 2019: Uzbekistan hosting CAREC forum
» 20 September 2019: A delegation of Uzbekistan to visit the United States
» 19 September 2019: Uzbekistan plans to implement infrastructure projects with World Bank
» 18 September 2019: Which benefits Uzbekistan to gain from Trade Facilitation Program of EBRD?
» 18 September 2019: Invitation to Meet with Uzbek Ambassador Javlon Vakhabov
» 15 September 2019: Installation of Radiation Detection Equipment Promotes Safe and Secure Borders
» 5 September 2019: EBRD Offers New Financing Opportunities for Uzbek Exporters and Importers
» 5 September 2019: Welcome Meeting with Rukhullo Zikrillaev
» 2 September 2019: What Prevents Emergence of New Companies from Europe, USA in Uzbekistan?
» 30 August 2019: Uzbekistan Further Simplifies its Privatization Procedures
» 30 August 2019: IFC talks modernization of Uzbek TPP
» 21 August 2019: American Councils Announcing Dr. David Patton as President and CEO
» 12 August 2019: Uzbekistan's Neftegazinvest Extends Tender for Ionizing Radiation Sources
» 9 August 2019: JPMorgan Chase Bank to Allocate Loan to Uzbekistan for Investment Project
» 9 August 2019: Uzbekistan Airways Opens Tender to Buy 2 Tankers
» 9 August 2019: Uzbekistan to Bring Localization Level of Agriculture Machinery to 60%
» 8 August 2019: Leading Travel Bloggers to Promote Tourism in Central Asia
» 7 August 2019: Uzbekistan Approves State Program for the Development of Mineral Resources
» 5 August 2019: Uzbekistan Boosts Co-op with Philadelphia
» 3 August 2019: Uzbek Agriculture Sector to Receive US$60m to Finance Purchase of Machinery
» 2 August 2019: Uzbekistan to Issue Subsidies to Silk-producing Enterprises
» 2 August 2019: Honeywell to Provide Uzbekistan’s international Congress Center and Hilton Hotel with Smart Technologies
» 28 July 2019: Government Procurement is the Basis of Wide Opportunities for Enterprise Development
» 28 July 2019: Procedure for the Recognition of Certificates of Education Issued in Foreign Countries Approved
» 26 July 2019: NAPU Takes Part in the Presentation of the Investment Potential of Uzbekistan in the USA
» 24 July 2019: A Delegation of Uzbekistan Holds Talks with the Heads of the Largest US Stock Exchanges
» 23 July 2019: Uzbekistan Capital Market is Represented in the United States
» 23 July 2019: Uzbekistan's Foreign Trade Turnover up by over 4 Bln USD
» 22 July 2019: World Bank Welcomes Uzbekistan’s Continued Reform Commitment, Increases Support
» 22 July 2019: USAID Administrator Mark Green's Meeting with Republic of Uzbekistan Foreign Minister the Honorable Abdulaziz Kamilov
» 8 July 2019: Uzbek Neftegazinvest Buys Material, Technical Resources Via Tender
» 8 July 2019: Uzbekistan Reports New Gas Find
» 5 July 2019: EU, GIZ announce tender for supple of solar stations to Uzbekistan
» 4 July 2019: The Ministry of Health of The Republic of Uzbekistan, Represented by the Working Body of the State Unitary Enterprise O'zmedimpeks, Announces Tender for the Purchase of Contraceptives
» 4 July 2019: The Ministry of Health of the Republic of Uzbekistan, Represented by the Working Body of the State Unitary Enterprise O'zmedimpeks, Announces Tender for the Purchase of Cochlear Implants
» 4 July 2019: Ministry of Health of Uzbekistan Announced Bids for Purchase of Medical Equipment, Components, Spare Parts and Consumables
» 4 July 2019: Uzbekistan, Afghanistan to sign new contract for electricity supply
» 4 July 2019: A draft government decision agreed to revise and optimize import customs duty rates
» 3 July 2019: Uzbekistan prepares new investment law
» 2 July 2019: Uzbekistan Havo Yollari receives the fifth Boeing 787-8 Dreamliner aircraft
» 2 July 2019: World Bank to provide $50 million loan for strengthening of Uzbekistan's social protection system