American-Uzbekistan Chamber of Commerce
Week in Review:
September 14, 2012 - September 21, 2012

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In This Issue:
S. Korea, Uzbekistan pledge cooperation on massive joint projects
Government of the Republic of Uzbekistan : Key Factor of Sustainable Socio-Economic Development
Vice President for the World Bank and IFC visits Uzbekistan
Uzbek Light Industry Association: Invitation for Cooperation

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.   


South Korea and Uzbekistan pledged Thursday to work together to ensure a smooth implementation of large-scale joint projects, including one calling for building a massive gas-chemical plant in the Central Asian nation, a joint statement said, Yonhap reported.

South Korean President Lee Myung-bak and Uzbekistan's President Islam Karimov reached the agreement during summit talks in Seoul, sharing an understanding that enhancing economic cooperation is key to moving overall relations forward, the statement said.

Karimov arrived in Seoul on Wednesday for a three-day state visit.

This year marks the 20th anniversary of diplomatic relations between the two countries. Lee has held summit talks with Karimov every year since taking office in early 2008, and Thursday's summit was their sixth. Officials said the two leaders have developed a close friendship.

"So far, I visited South Korea six times, and this is my seventh. There is no country I have visited as often as this," Karimov said during a one-on-one summit, recalling his 2006 visit during which he received honorary Seoul citizenship from Lee, the then mayor, according to presidential spokeswoman Lee Mi-yon.

During Lee's trip to Uzbekistan last year, the two countries signed a package of deals to develop the Surgil gas field near the Aral Sea and build a gas-chemical plant, the largest-ever contract between South Korea and Uzbekistan since they forged diplomatic relations.

On Thursday, the two sides expressed satisfaction with the progress in the US$4.1 billion project and reaffirmed their commitment to provide maximum support for its success, according to the statement.

Lee and Karimov also agreed to continue close cooperation in Uzbekistan's ambitious plan to turn its Navoi airport in the southwestern part of the country into a regional logistics hub and create a free industrial and economic zone there, the statement said.

Uzbekistan also asked for South Korea's participation in a project to create a special industrial zone in Angren near the capital Tashkent that will offer tax breaks and other benefits to attract investments from home and abroad.

In particular, Lee touted the Navoi project as "future-oriented and insightful."

"I understand this is currently progressing smoothly. As this is beneficial to both Uzbekistan and our country, I hope we will keep this going well," Lee told Karimov, according to the spokeswoman.

Karimov praised South Korea as "trustworthy" and said he hopes to see close cooperation between the two countries go beyond oil and gas development and expand to such areas as information technology and electronic government.

He also expressed hope to invite a South Korean IT expert as a vice-minister level official.

South Korea expressed its willingness to provide financing and technological support for education, healthcare, communication technology, agriculture and other socially important projects in Uzbekistan, the joint statement said.

The two countries also agreed on the need for expanding and diversifying aid projects in Uzbekistan, and South Korea agreed to use its Economic Development Cooperation Fund and other means to help with information technology, energy, transportation infrastructure and other projects in Uzbekistan, it said.

They also agreed to strengthen cooperation within the framework of the United Nations and other international organizations and work together to cope with global and regional challenges and promote peace and stability, the statement said.

Uzbekistan also expressed support for Seoul's policy on North Korea, it said.

On the sidelines of the summit, the two countries signed four agreements calling for judicial cooperation, protection of classified military information, tourism promotion and financial cooperation.   


On September 14, Tashkent's Palace of Symposiums hosted an international conference organized at the initiative of President Islam Karimov. The forum has addressed the role and importance of small business and private entrepreneurship in the implementation of socio-economic policy in Uzbekistan.

The event was attended by representatives of a number of prominent international organizations and financial institutions, including the United Nations, the World Bank, the International Finance Corporation, the Asian Development Bank, the Islamic Development Bank, the leading experts and business people from more than forty-five nations such as the United States of America, China, South Korea, Japan, Great Britain, France, Germany, Canada, along with representatives of diplomatic corps accredited in Uzbekistan.

The conference has been designed to evaluate the advanced practices in the development of small business and private entrepreneurship as a vital link in building a sustainable economy and spearheading social transformation. Also, the event has had the objective of familiarizing the international community with Uzbekistan's achievements in the field.

The President of Uzbekistan Islam Karimov delivered a keynote speech at the opening ceremony of the international conference.

In the wake of independence, Uzbekistan opted for its own path of development and implementation of complex and wide-ranging reforms in all sectors, directed at building a democratic constitutional state with a socially oriented market economy. The potency of the "Uzbek model" of reforms and modernization of the country, based on the five principles defined by President Islam Karimov and the strategy of steadfast and phased transformation, is currently acknowledged duly throughout the world. A thoroughly thought-out socio-economic policy pursued by the head of our state and the evolutionary approach to reforms has come to be instrumental in making sure that this positive process comes out irreversible [read more

On September 13-15, 2012, Mr. Janamitra Devan, Vice President for the World Bank and IFC Financial and Private Sector Development (FPD) visited Uzbekistan. The main objective of the visit was to take part in the international conference "On the role and importance of small business and entrepreneurship in the implementation of social and economic policy in Uzbekistan" held on September 14th 2012 in Tashkent. Mr. Devan, as one of the keynote speakers at the conference, delivered the speech on the Vital Economic Role of the Private Sector in Uzbekistan and Globally.  

 "Micro, small and medium-sized enterprises are at the heart of every country's economic ecosystem. Their capacity for innovation and expansion is the key to building competitiveness..." 
"A new paradigm is emerging around competitive industrial ecosystems and private sector development - envisioning a closer partnership between the public and private sectors, focused on competitiveness." 
"To achieve positive results, we must pursue a holistic approach to private sector development - focused on competitiveness, but also emphasizing inclusion and expanded opportunity.


In the course of his visit Mr. Devan has had a meeting with Uzbekistan authorities, private companies and made a city tour around Tashkent.

Uzbekyengilsanoat is a State agency responsible for the development of the textile industry of the Republic of Uzbekistan.  The association includes more than 280 textile companies and enterprises.  One of their main goals is to promote the industry internationally and identify partners and suppliers in the US with expertise and technology for processing and producing cotton and silk yarn and textile garments. 
If interested, please contact AUCC for more information on the commercial proposal prepared by Uzbekyengilsanoat. 
All inquires can also be addressed to:


Ravshanbek / Gulyamov, Head of Marketing and Investments


Tel/Fax : (998-71) 253-93-54

cell:        (998-94) 420-08-80

web-site : 

e-mails: [email protected] 

              [email protected] 

Skype : rgulyamov

Address : Bobur str.45, Tashkent, Republic of Uzbekistan, 100100

The American-Uzbekistan
Chamber of Commerce
1300 I Street, N.W.,
Suite 720W
Washington, DC 20005
phone: 202.509.3744
[email protected]