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Business Newsletter
Week in Review:
November 18, 2011 - November 25, 2011
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 AUCC in Brief
Established in 1993, the American-Uzbekistan Chamber of Commerce (AUCC) is a private, non-profit trade association representing interests of U.S. businesses ranging in size from small private enterprises to large, multinational corporations conducting business in Uzbekistan.
Our Mission: To advocate the views of the business community to ensure that private sector positions are considered during the development of key policies that impact American businesses and the future of U.S.-Uzbekistan relations.
Our Objective: To serve the needs of its members by strengthening commercial relations between the United States and Uzbekistan.
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| GM Uzbekistan sells 79,479 cars in Russia in Jan-Oct 2011
http://www.uzdaily.com of 11/21/2011
GM Uzbekistan, an Uzbek-US carmaker, increased sales of automobiles in Russia by 30% year-on-year in January-October 2011 to 79,479 units, Automobile Manufacturers Committee of the Association of European Businesses said.
The committee said in its report that the venture sold 7,856 cars in October 2011, which grew by 18% year-on-year.
In January-October 2011, GM Uzbekistan realized 46,570 cars of Nexia model (+30%) and 32,909 units of small automobiles of Matiz model (+30%).
Sales of Nexia in Russian market soared from 4,029 units in October 2010 to 4,666 units in October 2011 (up 16% year-on-year) and Matiz - from 2,644 units to 3,190 (up 21% year-on-year).
According to the committee, GM Uzbekistan took the tenth place on the volume of car sales in Russia in January-October 2011. At the same time, Nexia was on the ninth place among the bestselling cars in Russia in the reporting period, while Matiz was on 16th place.
Uzavtosanoat and South Korea's Daewoo Motor created a joint venture - UzDaewoo Auto - on parity conditions with the charter capital of US$200 million. In 1996, the venture launched car production plant with the cost of US$650 million in Asaka city of Andijan region. The capacity of the venture is 200,000 cars per year.
In May 2005, Uzavtosanoat purchased 50% shares of Daewoo Motor in UzDaewoo Auto for about US$110 million. General Motors and Uzavtosanoat completed process of creation of GM Uzbekistan on the base of UzDaewooAuto in the end of March 2008. The charter capital of new venture is US$266.7 million.
General Motors owns 25% shares and plus one share in the new venture and it can increase its share up to 40%. Currently, Uzavtosanoat possesses 75% shares in GM Uzbekistan.
Association of European Businesses was founded in 1995 on the initiative of several European companies registered in the Russian Federation, Ambassadors of EU member states and the Head of the Delegation of the European Commission to the Russian Federation.
The mission of the AEB is to represent and promote the interests of its Members by supporting them in doing business with and in Russia through quality lobbying, information support, and through activities aimed at improving the Russian trade and business environment in conformity with internationally accepted business principles and promoting integration and partnership between the European Union (EU) and Russia.
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| GM Uzbekistan sells 372 cars in Kazakh market
http://www.uzdaily.com of 11/21/2011
GM Uzbekistan, an Uzbek-US joint venture, claimed the third place on the volume of automobile sales in Kazakhstan in October 2011, consulting company Qncepto said in its report.
According to Kazakh consulting company, GM Uzbekistan realized 372 cars in October 2011 against 178 cars in the same period of 2010. The growth rate made up over twofold.
Lada claimed the first place on the sales volume with market share of 37.2%, the report said. In the reporting period, the Russian carmaker sold 1,475 cars in Kazakhstan.
During last three months, Hyundai holds the second place in the market (450 cars). Qncepto said that success of Hyundai is connected with sedan Accent.
According to report, Nexia model, produced in Uzbekistan, claimed the fourth placed among the best selling cars in Kazakh market in October 2011, or dropped one place down.
Other model of GM Uzbekistan, Matiz was on the 20th place in the reporting period, or fell by seven places compared to October 2010.
According to Qncepto, the sales in Kazakh car market speed up compared to moderate months of the third quarter of 2011. The sales reached the volume of the end of 2007, which means the market is close to pre-crisis conditions.
Official dealers realized 4,550 automobiles and commercial cars in October, which grew 2.1 times year-on-year. The growth compared to September 2011 made up 12.57%.
Aggregate sales of new cars (including LCV) made up 33,613 units in ten months of 2011, which grew by 103.59% year-on-year.
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| Uzbek Customs Body to introduce "one-stop-shop" principle for export operations in 2012
http://www.uzdaily.com of 11/22/2011
Uzbekistan will introduce "one-stop-shop" principle for export operations from 1 April 2012 at all customs posts in the country.
The measures envisaged in the resolution of the Cabinet of Ministers "On measures on stage-by-stage introduction of mechanisms of carrying out export operations on "one-stop-shop" principle".
In line with the document, from 1 April 2011, all customs posts of the State Customs Committees of Uzbekistan will introduce "one-stop-shop" principle for export operations with submitting documents in electronic form in online regime.
According to the document, State Customs Committee is determined as responsible body for introduction of "one-stop-shop" principle in exports operations with simultaneous issuing of certificates of origin, veterinary, phytosanitary, hygiene, etc.
The government entrusted Ministry of Foreign Economic Relations, Investment and Trade, Ministry of Agriculture and Water Management, Ministry of Healthcare, UzStandard Agency, Uzbek Agency for Communication and Information in cooperation with the State Customs Committee to adopt measures on introduction of integrated system of customs registration of export operations in online regime. They will also introduce single electronic data base of all services till 1 April 2012.
"One-stop-shop" principle is simplified mechanism of carrying out export procedures. The exporters submit an application to customs bodies, which work on "one-stop-shop" principle", to register export agreement and receive necessary certificates.
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| Foreign trade turnover of Uzbekistan reaches US$18.874bn in Jan-Sep
http://www.uzdaily.com of 11/23/2011
Foreign trade turnover of Uzbekistan in January-September 2011 made up US$18.874 billion (with the CIS countries - US$7.757 billion, with other countries - US$11.117 billion).
According to the State Statistics Committee, out of the total volume of the external trade turnover export operations amounted to US$11.352 billion, import operations - US$7.523 billion.
Unbalance in foreign trade was 150.9 percent versus 151.3 percent in the corresponding period of the previous year.
Exports of Uzbekistan to the CIS states in nine months of 2011 grew by 16.5% to US$4.569 billion and other countries - by 25% to US$6.738 billion.
Uzbekistan recorded growth of exports of food products (+67.7%), chemical products (+38.7%), ferrous and non-ferrous metals (+34.2%), machines and equipment (+62.6%) and services (+30.3%).
Uzbekistan started to exports new goods such as natrium nitrate, acrylamide polymer, cargo vehicles, brass-mill products, composite panels, gypsum boards, and others.
The volume of imports of Uzbekistan from the CIS countries reached US$3.198 billion in the reporting period, which grew by 33.5% year-on-year. Imports of Uzbekistan from other countries also rose by 14.4% to US$4.334 billion.
Current trade balance surplus of Uzbekistan made up US$3.8 billion in January-September 2011, including US$1.38 billion with the CIS states and US$2.449 billion with other countries.
In the reporting period, share of the CIS countries in total trade turnover of Uzbekistan reached 41.1% and other states - 58.9%.
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Uzbek-Russian trade turnover makes up US$4.591 billion in Jan-Sep
http://www.uzdaily.com of 11/23/2011 Trade turnover between Uzbekistan and Russian grew by 5.64% year-on-year in January-September 2011 to US$4.591 billion, the State Statistics Committee of Uzbekistan said. The volume of exports of Uzbekistan to Russia made up US$2.927 billion in January-September 2011 against US$2.971 billion in the same period of 2010. Imports of Uzbekistan from Russia jumped from US$1.347 billion to US$1.664 billion in the reporting period. Russia remains as the largest trade partner of Uzbekistan and its share in total trade turnover of Uzbekistan made up 24.3%. Foreign trade turnover of Uzbekistan in January-September 2011 made up US$18.874 billion (with the CIS countries - US$7.757 billion, with other countries - US$11.117 billion). |
| Uzbekistan produces 1.009 mln tonnes of petroleum in Jan-Sep
http://www.uzdaily.com of 11/22/2011
Uzbekistan decreased production of petroleum by 2.6% year-on-year in January-September 2011 to 1.009 million tonnes, the State Statistics Committee of the country said.
The committee said that Uzbekistan cut mining of oil and gas condensate by 7.1% year-on-year in nine months of 2011 to 2.7 million tonnes.
In nine month of 2011, the country produced 191,800 lubricant oils, which grew by 8.8% year-on-year, the statistic body said.
Production of liquefied gas fell by 4.4% year-on-year to 191,800 tonnes in January-September 2011. Uzbekistan manufactured 47.26 billion cubic meters of natural gas in the reporting period, which fell by 4.3% year-on-year.
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 Contact Information The American-Uzbekistan Chamber of Commerce
1300 I Street, N.W., Suite 720W
Washington, DC 20005
phone: 202.509.3744
[email protected]
www.aucconline.com |
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