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Business Newsletter
Week in Review:
June 1, 2012 - June 8, 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.
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| China vows closer ties with Uzbekistan
http://crienglish.com of 6/7/2012
Vice Premier Li Keqiang met with Uzbek President Islam Karimov in Beijing on Wednesday, vowing to boost the bilateral strategic partnership to a new level.
"The two countries should expand trade links and set up long-term and stable cooperative relations," Li said.
He suggested both sides implement a serious of large cooperation projects and boost cooperation in areas such as energy and infrastructure, facilitate two-way trade, investment and personnel exchanges.
The vice premier hailed the progress of China-Uzbekistan ties in recent years, citing strong political trust, win-win cooperation and support for each other on major issues concerning respective core interests.
Karimov, in his turn, said Uzbekistan has always attached great importance to developing ties with China, vowing to improve two-way trade with China, beef up interconnection of infrastructure and cooperation in the high-tech field.
He also pledged to offer a favorable environment for Chinese companies to invest in Uzbekistan, expand cultural exchanges and strengthen coordination on major global and regional issues.
Karimov is attending the Shanghai Cooperation Organization (SCO) summit held Wednesday and Thursday in Beijing. President Hu Jintao held talks with him earlier on Wednesday, after which they agreed to upgrade the relationship between the two countries to a strategic partnership.
The SCO was founded in Shanghai on June 15, 2001, and currently has six full members -- China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Mongolia, Iran, Pakistan and India are four observer states, and its dialogue partners include Belarus and Sri Lanka.
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| Cisco expands its entrepreneur institute program in CIS Countries
http://telecomtiger.com of 6/8/2012
Cisco on Thursday announced the significant expansion of the Cisco Entrepreneur Institute program in CIS countries.
By the fall of 2012 new Cisco Entrepreneur Institutes will be opened as part of Moscow Technological Institute branches in the large cities of Azerbaijan, Kazakhstan, Russia, Ukraine, and Uzbekistan.
The institutes will start operating in 16 cities of Russia Belgorod, Kazan, Khabarovsk, Krasnoyarsk, Kursk, Lipetsk, Novosibirsk, Orenburg, Rostov on Don, Samara, St. Petersburg, Ufa, Vladivostok, Volgograd, Voronezh, and Yekaterinburg as well as in Astana (Kazakhstan), Baku (Azerbaijan), Kiev (Ukraine), and Tashkent (Uzbekistan).
The expansion of Cisco Entrepreneur Institute program followed the agreement reached in June 2010 by Dmitry Medvedev, then president of the Russian Federation, and John Chambers, Cisco chairman and CEO. At that time Cisco committed to investing USD 1 billion in the development of entrepreneurship and sustainable innovations in the Russian Federation.
The Cisco Entrepreneur Institute program will stimulate the development of small and medium sized businesses in CIS countries. The students will be offered two courses. Growing a Business and iExec Enterprise Essentials. These courses have been developed specifically for SMB entrepreneurs. Growing a Business graduates will be able on their own to develop and implement business projects, find optimal ways of developing and expanding their business, and take strategic decisions. The iExec Enterprise Essentials course makes the students aware of IT based leadership and management techniques.
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| Uzbekistan Havo Yollari plans to open regional center for plane maintenance with Boeing help
http://uzdaily.com of 6/5/2012
Uzbekistan Havo Yollari (Uzbekistan Airways) is considering an opportunity to open a regional center on repairing and maintenance of modern airplanes from composite materials in Uzbekistan with the help of Boeing, Martin Bentrott, Vice President of Boeing Commercial Airplanes on sales in the Middle East, Central Asia and India said in Tashkent.
He said that Boeing highly rates professionalism and high level of pilots and engineers of Uzbekistan Havo Yollari, with which the US firm cooperates for over 15 years. Uzbekistan Airways Technics has both capacities and skilled employees for repairing and maintenance of modern aircraft from composite materials, he added.
Uzbekistan Havo Yollari said that the cooperation of two companies on creation of the Center on repairing and maintenance of airplanes from composite materials is another step for developing bilateral relations.
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| About 51.7% of Uzbekistan's foreign trade turnover falls to Asia
http://uzdaily.com of 6/5/2012
Europe and Asia were the main trade partners of Uzbekistan in continental angle of view in the first quarter of 2012, the State Statistics Committee of Uzbekistan said.
The State Statistics Committee of Uzbekistan said that Europe and Asia accounted about 97.3% of foreign trade turnover of Uzbekistan in the reporting period.
Share of these continents in Uzbekistan's foreign trade turnover decreased from 97.6% in the first quarter of 2011 to 97.2% in the same period of 2012.
The committee stated that share of Europe in foreign trade turnover of Uzbekistan decreased from 53.7% in January-March 2011 to 45.6% in the first three months of 2012. At the same time, the share of Asia rose from 43.9% to 51.7% in the reporting period.
In the structure of foreign trade turnover, share of American continent rose from 2.3% to 2.5% in the reporting period. Share of Africa made up 0.3% (0.2% in 1Q 2011) and Australia and Oceania -0% (0%) in the first quarter of 2012.
Foreign trade turnover of Uzbekistan reached US$5.907 billion in January-March 2012, of which US$3.133 billion fell to share of exports and US$2.774 billion to imports.
Structure of foreign trade of Uzbekistan by continents
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Continent
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In 1Q 2011 (in % to total volume)
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In 1Q 2012 (in % to total volume)
| | Europe |
53.7
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45.6
| | Asia |
43.9
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51.7
| | Africa |
0.1
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0.2
| | America |
2.3
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2.5
| | Australia and Oceania |
0
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0
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| Putin says Lukoil to invest about US$5.5 bn into Uzbekistan
http://uzdaily.com of 6/5/2012
President of Russia Vladimir Putin at the end of his official visit to Uzbekistan stated that the Russian oil company Lukoil plans to invest about US$5.5 billion into economy of Uzbekistan in next seven years.
Vladimir Putin said that some of Russian companies are actively operating in Uzbekistan and they have huge investment plans. He said that Lukoil plans to invest US$5.5 billion in next seven years.
Russian President said that Russia and Uzbekistan will not compete on gas supplies to China.
"We do not have competition in gas sector with Uzbekistan," he said. Putin added that Russian companies, including Gazprom and Lukoil, are planning to produce large volume of gas and questions can be raised on gas sales. He added: "We will negotiate to which markets, we will supply gas."
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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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