American-Uzbekistan Chamber of Commerce
Business Newsletter

 

Week in Review:


April 20, 2012 - April 27, 2012  

 

In this issue
AUCC in Brief
Regional Cooperation In South, Central Asia
Event Alert: Central Asia and the Caucasus: Prospects for Collaboration in Trade and Transportation
IMF: Central Asia's revenues from migrant workers' remittances to increase by another 13% in 2012
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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. 

Regional Cooperation In South, Central Asia

http://www.voanews.com/policy/editorials of 4/23/2012

  

U.S. Assistant Secretary of State for South and Central Asian Affairs Robert Blake recently spoke at the fifth Regional Economic Cooperation Conference on Afghanistan.  He noted that the region's wealth of natural resources, nascent trade agreements, and growing network of transport and energy connections hold great economic promise of a more integrated South and Central Asia, a network that drives the vision for the New Silk Road.
This integration will take some time.  It will require full participation and coordination by governments in the region, international support, and investment from the private sector.  "Every country in the region," said Assistant Secretary Blake, "has an interest in an increasingly prosperous Afghanistan, as well as the new markets and job opportunities that will accompany that economic stability."
Achieving economic integration will require infrastructure including, roads, railways, electricity grids, and gas and oil pipelines. Moreover, the countries of South and Central Asia will need to adopt investor-friendly policies, trade agreements, accelerated border crossing procedures, and transparent governments in order to unlock the vast potential of the region's markets.  Indeed, the World Bank has estimated that reducing regulatory barriers would add as much as two percent per year to the growth rates of South and Central Asia.
The United States views economic integration in the region as part of a long-term commitment to both Afghanistan and its neighboring states.  In a recent interview with Radio Free Europe/Radio Liberty, Assistant Secretary Blake said "we will continue to have a very strong engagement with all of the Central Asian countries, because it's very, very important to us that this be a region of stability and that this be a region of economic opportunity and that this region help to really lead the process of regional integration. ... That's going to continue well beyond 2014."
The United States views the Regional Economic Conference on Afghanistan as an important stepping stone on the way toward regional consensus on projects and reform initiatives that can help unlock the region's potential for private investment and increased economic growth.
Event Alert: Central Asia and the Caucasus: Prospects for Collaboration in Trade and Transportation

http://www.sais-jhu.edu/centers/caci/ of 4/24/2012      

   

Featuring

Spring 2012 Rumsfeld Fellows at the Central Asia-Caucasus Institute, SAIS:

Mr. Ovezmurad Agayev (Turkmenistan)

Mr. Azamat Akeleev (Kyrgyz Republic)

Mr. Bayram Atayev (Turkmenistan)

Col. Munkh-Ochir Dorjjugder (Mongolia)

Mr. Farrukh Irnazarov (Uzbekistan)

Ms. Tamata Kupradze (Georgia)

Mr. Bahriddin Najmudinov (Tajikistan)

Mr. Kodir Norov (Uzbekistan)

Mr. Rajabbek Sulayminbekov (Tajikistan)

Ms. Gauhar Zainullina (Kazakhstan)

 

Moderating

S. Frederick Starr, Chairman, Central Asia-Caucasus Institute, SAIS, John Hopkins U.

Wednesday, May 2, 5 - 7 p.m.

Rome Auditorium, 1st Fl., The Rome Building

SAIS, Johns Hopkins University

16 19 Massachusetts Avenue, N.W.

Washington, DC 20036

 

This spring's 10 visiting Rumsfeld fellows at CACI are quite experienced professionals already and hold important positions in their home countries in public and private spheres, from cotton and hydrocarbon industry to development, government, finance, academia and defense. Now in their early to mid-thirties, all are multi-lingual and many have spent time abroad working and/or studying. With this background, each can be expected to become an influential player not only in his or her home country, but in the international arena as well.

At this Forum the fellows will present their outlook and recommendations on regional collaboration in the areas of trade and transportation.

The Forum is preceded by a reception and refreshments at 5 p.m.  The program will begin promptly at 5:30 p.m. and will conclude at 7:00 p.m.   

The Central Asia-Caucasus Institute is a primary institution in the United States for the study of the Caucasus, Central Asia and the Caspian Region. The Institute, affiliated with Johns Hopkins University-SAIS, forms part of a Joint Center with the Silk Road Studies Program, affiliated with the Stockholm-based Institute for Security and Development Policy. Additional information about the Joint Center, as well as its several publications series, is available at www.silkroadstudies.org.

IMF: Central Asia's revenues from migrant workers' remittances to increase by another 13% in 2012

http://caspionet.kz/eng of 4/24/2012      

   

Oil and gas-exporting countries have benefited from the high oil prices and the rest of the countries benefited from the fact that despite the economic slowdown in Europe, the situation in Russia, which they are very closely related to in terms of remittances from migrant workers, is quite good, as a result of which remittances to these countries grew by about 20% last year.
The growth of remittances from migrant workers to the Central Asian countries is projected at 13% in 2012, according to CA-NEWS citing the report of the International Monetary Fund. According to the IMF forecast, Kazakhstan's economic growth will be at 5.9% in 2012. This figure will reach 5% in Kyrgyzstan, 6% in Tajikistan, and 7% in both Turkmenistan and Uzbekistan. 
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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
info@aucconline.com
www.aucconline.com  

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