American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:

May 24, 2013 - May 31, 2013
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AUCC 20th logo

2013 Marks AUCC 20th Anniversary

Since 1993 the American-Uzbekistan Chamber of Commerce has been at the forefront of advancing trade and business relations between the US and the Republic of Uzbekistan. AUCC prides itself in catering to the needs of our members, providing them with a platform to interact with policy makers in the US and the Republic of Uzbekistan and ensuring that bilateral commercial relations continue to be on the governments' top agenda.   

 

For the last twenty years AUCC has been a vigorous advocate of the views of the business community to ensure that private sector positions are considered during the development of policies that impact American businesses and the future of U.S.-Uzbekistan relations.    

 

We are delighted that today AUCC is a well-known organization that is recognized for its strength and ability to work closely with a great number of partner organizations. AUCC enjoys excellent working relations with the Embassy of the Republic of Uzbekistan in Washington, D.C., the Government of the Republic of Uzbekistan, Uzbek ministries, associations and organizations as well as the executive and legislative branches of the U.S. AUCC also coordinates its efforts with a great number of international financial institutions, business councils and other professional organizations.

If your company is interested in joining AUCC, please contact our office at 202-509-3744 or [email protected]  We invite you to be part of our organization and participate in our activities and events.   

Our Members:
Boeing
CNH
Coca-Cola
FMN
GE
GM
Harris
HW
Indsur Stelcor, Inc.
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Nukem
Rio Tinto
Sikorsky
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White & Case
Zeppelin
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In This Issue:
AUCC IN BRIEF
Uzbekistan joins CIS FTA
CIS Heads of Government Council signs 12 cooperation agreements
Asian Development Bank to Finance Uzbek Solar Plant
IMF: Regional Economic Outlook Update: Middle East & Central Asia
Uzbekistan Is Taking New Steps in Expanding Its Tourism Infrastructure

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.

http://en.for-ua.com 

 

The CIS Heads of Government Council approved the protocol on accession of Uzbekistan to the Free Trade Area (FTA) of the Commonwealth, head of the CIS Executive Committee Sergei Lebedev said at the Council's meeting in extended format, ForUm correspondent reports from Minsk.

The official said that Uzbekistan will become the 9th party to the agreement.
The head of the Executive Committee specified that Azerbaijan and Turkmenistan have also expressed a desire to further study the issue of accession to the treaty.

"If they join, the contract will cover all of the CIS in its current composition. That would be logical, since the FTA will provide the necessary conditions for the full and effective development of trade in the Commonwealth and create favorable conditions for the further deepening of integration on the basis of the WTO rules," Lebedev said.

He added that at the suggestion of Russia, the next meeting of the CIS Heads of Government Council will be held in the Russian Federation on November 20, 2013.

http://en.trend.az  

 

Twelve international documents on cooperation were signed on Friday at the meeting of CIS Heads of Government Council, Belarusian PM Mikhail Myasnikovich told at the press conference, Belta reported.

One of the final documents is the Protocol on Uzbekistan's accession to join the CIS free trade agreement. Thus, the agreement has been signed by nine states of the Commonwealth by now. Enlargement of the participation of CIS countries in the area of free trade shows its advantages - it is the barrier-free movement of capital, goods and services, conscientious competition, new forms of investment cooperation, Mikhail Myasnikov underscored.

Documents in the spheres of science, ecology, education, communication, physical training and sport were signed. An agreement on cooperation in use of nuclear power for peaceful purposes was signed as well.

Eleven pilot projects of the interstate program of innovative cooperation of CIS countries were approved. Belarusian scientists, businesses and educational institutions participate in the 9 of these projects. The total cost of the project is more than 190 million dollars.

http://en.ria.ru  

 

The Asian Development Bank (ADB) will lend $90 million to Uzbekistan in September to build a solar power plant, a spokesman for the country's state energy company Uzbekenergo said on Friday.

The 100 megawatt solar photovoltaic plant in Uzbekistan's Samarkand Region is expected to deliver up to 190 million kilowatt hours of solar power a year.

"A project for construction of the plant has been drafted and all the documents will be presented by late July to the Asian Development Bank (ADB) which will consider the project in August-September," the spokesman said.

The overall cost of the project, to be partly financed by the Uzbek side, is estimated at some $240 million. Russian oil major LUKoil had also earlier presented proposals for building a solar plant in Uzbekistan, in a joint program with the ADB and the Uzbekistan government.

Uzbekistan's solar energy potential is estimated at 50.9 billion tons of oil equivalent or 99.7 percent of all renewable energy sources surveyed in the republic. The country is currently heavily reliant on coal and gas, according to its energy ministry.

http://www.imf.org 

 

Solid but Moderating Growth

 

The Caucasus and Central Asia (CCA) region continued to post solid economic growth in 2012, though, at 5.7 percent, moderately lower than in previous years. This moderation in growth reflected subdued external demand, a sharp decline in agricultural output in Kazakhstan, and disruptions to gold production in the Kyrgyz Republic. The near-term outlook remains broadly favorable for CCA oil and gas exporters (Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan), reflecting the region's limited direct exposure to Europe, and continued high oil prices. Growth is projected to be resilient, at an average of 5.8 percent in 2013 and 6.1 percent in 2014. Most oil and gas exporters are projected to grow between 5 percent and 8 percent in 2013-14, supported by high non-oil growth and, in Kazakhstan, higher oil production. Azerbaijan's growth - still largely sustained by strong non-oil growth - is expected to recover in 2013-14, as oil output is beginning to stabilize.[Read full report here]. 

http://www.prweb.com 

 

In March 2013, at the meeting of the highest level, which was attended by all relevant ministries, the National Tourism Company of Uzbekistan finalized a plan for tourism development for 2013-2014.

As a result, it was decided to establish a single registration process for all industry players, including tour operators, hotels, tourist centers, recreation areas, resorts, organizations and institutions working in the field of tourism. It was also decided to introduce road signs in English, German and other foreign languages at airports, railway stations, main tourist cities and on highways.

According to Silk Road Treasure Tours, by supporting regional tours and offering new travel programs Uzbekistan as one of the five countries comprising Central Asian region will significantly increase the grade of incoming tourism. These travel programs for the tourists will create favorable conditions and enhance the interest of travelers to the region.

Central Asia rewards the intrepid and the curious. The five nations which make up the region are eager to welcome visitors. Travelers can share a cup of tea with some of the warmest people in the world and take part in traditional weddings and festivals where visitors are honored guests. "The local experts at Silk Road Treasure Tours know the perfect sites, the hidden gems, the right people, and the best time to go," -says Zulya Rajabova, president of Silk Road Treasure Tours who was named a Condé Nast Top Travel Specialist for Central Asia in 2012. Visit http://cntrvlr.com/zulya 

Visitors can enjoy the fabulous Silk and Spice festival in Uzbekistan presenting the best of Uzbek dance, music, arts, crafts and cuisine in historic Bukhara or become a part of traditional, regional, and world music concerts in Kazakhstan, rousing equestrian events and competitions in Turkmenistan, celebrations of nomadic life in Kyrgyzstan, or the New Year's Navruz events in Tajikistan. These exuberant displays of life can be found all year round throughout Central Asia.

For those whose interests run to the outdoors, this is the ultimate playground. The stunning landscapes of peaks and gorges, glittering lakes, and verdant valleys offer rare wildlife and falconry experiences, some of the finest sporting and trekking opportunities, expeditions on white water, fresh powder snow, through the Kyzyl-Kum Desert or to the flaming crater of Darvaza. Tourists can ride the original two-humped, four-legged SUV and stay overnight in a yurt with the local nomads.

Travelers to this part of the world are finding an experience unlike any other. Customized tours, flexible planning, and full-service care pre and post-trip are the order of the day for many touristic companies operating in the region to ensure that visitors get the most out of the travel. Silk Road Treasure Tours led by Zulya Rajabova is one of the few travel companies whose network of skilled, multi-lingual guides and consultants will craft the perfect itinerary and make travel dreams a reality. A native of Uzbekistan and now long-time resident of the U.S., she puts her years of experience to work creating smooth, worry-free travel.


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

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