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Business Newsletter
Week in Review:
December 2, 2011 - December 9, 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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 New Membership Announcement:
Welcome to Indsur Stelcor, Inc.
http://www.aucconline.com The American-Uzbekistan Chamber of Commerce is pleased to introduce a new member, Indsur Stelcor, Inc. Based in Lehi, UT, Indsur Stelcor is a major Supplier of Steel Pipes & Fittings used in Upstream, Downstream and Midstream Energy Business. The company's wide range of products consists of Carbon Steel Pipes, Stainless Steel/Alloy Pipes, Seamless Pipes, Fittings etc. Their customer base includes Fortune 500 Companies and represents Major Oil & Gas Companies, Distributors & Wholesalers and Utility Companies. Diversity of the company's clients is due to the company's thrive to be pervasive and flexible. Indsur Stelcor, Inc. is currently pursuing business opportunities in the Uzbek market and, specifically, its steel industry. |
| World Bank to allocate $1.3 billion to Uzbekistan under the new Partnership Strategy
http://www.turkishweekly.net of 12/9/2011
The World Bank Group's Board of Directors approved today a new Country Partnership Strategy (CPS) for Uzbekistan, providing the framework for World Bank Group assistance to Uzbekistan between 2012 and 2015.
The new Strategy proposes a program linked to Uzbekistan's development vision of reaching high middle-income status by mid-century. It was developed based on a broad dialogue with the Government of Uzbekistan and consultations with all development partners, including civil society organizations, academia, business communities, professional associations, and multilateral and bilateral donors. Through implementation of the CPS, the World Bank intends to help enhance the key elements of the Government's medium-term growth and development strategy: promoting efficiency, enhancing competitiveness, accelerating diversification, and ensuring social inclusion. A new financing envelope of $1.3 billion - consisting of concessional International Development Association (IDA) credits and International Bank for Reconstruction and Development (IBRD) loans - reflects the country's development needs, its income level, economic prospects, economic management, and performance of Bank-sponsored programs. It will support projects in the areas of water supply and sanitation, irrigation, energy, transport, and private sectors over the next four years. The Bank will also extend the on-going support for basic services in health and education. Proposed analytical and advisory services aim to help Uzbekistan prepare a comprehensive sector-wide understanding of future development directions. Horticulture and energy sector strategy development is an example of such engagement. In addition, the CPS envisages a high-level joint strategy development exercise - "Uzbekistan Vision 2030". This aims to help Uzbekistan define roadmaps to achieve its development goals in collaboration with Uzbek research institutes. "The new CPS builds upon the positive experience of the previous Country Assistance Strategy for 2008-2011," says Takuya Kamata, World Bank Country Manager for Uzbekistan. "Uzbekistan has a wide range of opportunities. It has a well educated, young population, which is a great asset. Uzbekistan has great potential in horticulture as well. Key elements of required economic reforms are, for example, to improve energy intensity and the investment climate." Uzbekistan joined the World Bank in 1992. The World Bank currently has 10 active projects whose outstanding total commitment is about $630 million. |
| New EU Delegation to Uzbekistan due to open before end of year
http://www.uznews.net of 12/8/2011
A new European Union representative office is due to be opened formally in Tashkent before the end of this year.
Katherine Ashton, the EU's head of foreign policy and security policy, has recently appointed 64-year-old Belgian, Norbert Jousten to head the EU's Delegation to Uzbekistan. From 2009 to 2011, he was Head of the EU Delegation to Kazakhstan.
Preparations for the establishment of the new EU mission in Uzbekistan were the task of the EU European External Action Service diplomat, Andrzej Shimek. Mr Shimek took up his post in Uzbekistan in May this year, and he was charged with finding a residence and securing the necessary accreditations to allow the EU delegation to establish its mission in Uzbekistan.
The agreement to establish the EU's diplomatic mission (delegation) in Uzbekistan was signed during the President Islam Karimov's visit to Brussels on 24th January 2011. During the visit he also signed a memorandum of cooperation between the Republic of Uzbekistan and the EU on energy and a memorandum on developing technical cooperation with the European Commission from 2011-2013.
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| HP launches its office in Uzbekistan
http://www.uzdaily.com of 12/7/2011
Hewlett-Packard (HP), one of leading global producers of ICT solutions, launched its representative office in Uzbekistan, which is the fifth office of the company in the CIS after Azerbaijan, Belarus, Kazakhstan and Ukraine.
Rudi Kozak, director-general and head of HP in CIS, said that the HP business in Uzbekistan is growing stable and it expects further growth in 2012. He said that HP supplies customers with high quality products and render service support through certified centers.
Office of Hewlett-Packard will be headed by Eldar Fattahov, who will be responsible for business development - interaction with clients, develop partnership channels, organize service support to HP products.
Task of the office is to support clients and partners of HP in Uzbekistan through training of educational programmes, help business planning and marketing support. The company will continue to realize its products through resellers and render direct services to customers in separate cases.
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| About 97.6% of Uzbekistan's foreign trade falls to Europe, Asia
http://www.uzdaily.com of 12/6/2011
Europe and Asia were the main trade partners of Uzbekistan in continental angle of view in the first nine months of 2011, the State Statistics Committee of Uzbekistan said.
The committee said that Europe and Asia accounted about 97.6% of foreign trade turnover of Uzbekistan in the reporting period.
At the same time, share of these continents in Uzbekistan's foreign trade turnover decreased by 0.1 percentage point (97.7% in January-June 2010).
The committee stated that share of Europe in foreign trade turnover of Uzbekistan decreased from 57.6% in January-September 2010 to 56.5% in the reporting period of 2011. At the same time, the share of Asia rose from 40.1% to 41.1%.
In the structure of foreign trade turnover, share of American continent rose from 1.9% in nine months of 2010 to 2.2% in the same period of 2011. Share of Africa fell from 0.3% to 0.2%, Australia and Oceania - from 0.1% to 0.
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).
Structure of foreign trade of Uzbekistan by continent:
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Continent
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In January-March 2010 (in % to total volume)
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In January-March 2011 (in % to total volume)
| | Europe |
57.6
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56.5
| | Asia |
40.1
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41.1
| | Africa |
0.3
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0.2
| | America |
1.9
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2.2
| | Australia and Oceania |
0.1
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0
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| AUCC Office: Holiday Schedule
Due to the holiday season, the AUCC office will be closed on Monday, December 26, 2011 and Monday, January 2, 2012.
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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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