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

May 31, 2013 - June 7, 2013
OIly MajlisNBUImage 2
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.
Lockheed Martin small
Nukem
Rio Tinto
Sikorsky
Solar Logo
White & Case
Zeppelin
Join Our Mailing List
Quick Links:
In This Issue:
AUCC IN BRIEF
Uzbekistan, UAE business circles mull co-op development
Singapore company to invest in textile project in Uzbekistan
Central Asia energy projects to be discussed in Turkmenistan's capital
Europe and Central Asia: Launching a Cardiovascular Revolution and Other Health Improvements

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://www.azernews.az 

 

Representatives of business circles of Uzbekistan and the United Arab Emirates outlined the specific areas of trade, economic and investment cooperation at a business forum held on June 5, press service of the organizer of the Forum, Chamber of Commerce and Industry of Uzbekistan reported.

The event took place in the framework of the visit UAE business delegation to Uzbekistan headed by the chairman of the Chamber of Commerce and Industry (CCI) of Dubai Abdulrahman Saif Al Ghurair.

The delegation includes leaders and representatives of private investment firms, free industrial zones, industrial parks, companies engaged in oil and gas, petrochemical, power, automotive industries, as well as in the fields of real estate, construction, information and communication technologies.

According to Dubai CCI Chairman, Uzbekistan and the UAE have great potential for joint implementation of major investment projects, including in the areas of tourism, logistics and real estate, and for the growth of the bilateral trade.

Intensification of trade and economic relations with the UAE is a priority for Uzbekistan, chairman of the Chamber of Commerce of Uzbekistan Alisher Shaykhov said.

During the event, the parties exchanged views on the further development of the cooperation in trade, construction and chemical industries, in the field of small business and entrepreneurship, automotive and information technologies, and on a greater involvement of UAE companies in the privatization process.

In particular, the interest of entrepreneurs in Dubai have was attracted by the possibilities of implementing joint projects in Navoi free industrial economic zone and Jizak special industrial zone.

http://www.azernews.az  

 

Singapore-based Indorama Industry Pte ltd will invest $20 million in implementation of the third stage of textile production in the Ferghana region of Uzbekistan in 2014-2015, a source close to the project told Trend news agency on June 5.

As reported, the first stage of textile production for processing of cotton worth about $30 million was commissioned by Indorama in September 2011, while the second phase costing $31 million is scheduled to enter service in late 2013.

Following the commissioning of the second phase, the annual capacity of the unit created on the basis of the Kokand Textile Mill will increase by 5,000 tons to 15,000 tons of cotton.
Funding for the project is provided through direct investment of the Singapore-based company and loans from foreign banks involved in the project financing.

According to the source, an agreement has recently reached between the State Joint-Stock Company (SJC) Uzbeklegprom and the Singaporean company on further expansion of the project. The agreement for implementation of the third phase of the production of cotton yarn in Kokand will be signed in the near future.

Uzbekistan is the sixth world producer and the third largest exporter of cotton. An average of 3.5-3.7 million tons of raw cotton is harvested and 1-1.2 million tons of cotton fiber produced in the country annually. More than 75 percent of produced cotton fiber is exported.

http://en.trend.az  

 

The XV meeting of the Energy Sector Coordination Committee (ESCC) of the Central Asia Regional Economic Cooperation (CAREC) is being held in the capital of Turkmenistan, state information agency Turkmen dovlet khabarlary said on Friday.

According to the report, the participants are discussing issues over the development of the Central Asian and South Asian energy corridor, solving the problem of supervisory control and power trade and reforms in the energy sector within the framework of the World Trade Organisation (WTO).

Representatives of the participating countries of the CAREC programme which are Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, China, Mongolia, Pakistan, Tajikistan, Uzbekistan and the Asian Development Bank (ADB), the World Bank (WB), the Islamic Development Bank (IDB) and United Nations Development Programme (UNDP) are participating at the meeting.

Turkmenistan is holding this forum for the first time since its accession to CAREC in 2010. The programme is formed on the initiative of the ADB jointly with UNDP, the World Bank, the International Monetary Fund (IMF), the European Bank for Reconstruction and Development EBRD) and the Islamic Development Bank (IDB).

The main goal of this programme is to assist the implementation of investment projects in the areas of transport, trade and energy, aimed at the acceleration of socio-economic development of the Central Asian region.

It should be noted that the UN General Assembly resolution 'Reliable and stable transit of energy and its role in the sustainable development and international cooperation' has been recently adopted on the initiative of Turkmenistan.

This document became a starting point for the formation of an international legal basis of safe transit of energy resources designed to provide optimum conditions for the development of a constructive partnership based on the interests of all participating sides, producers, transit countries and consumers.

'During the meeting, the participants expressed their confidence that the results will contribute to the development of optimal forms of cooperation and activation of effective cooperation within the framework of CAREC', the statement said.

http://www.worldbank.org 

 

"Getting Better: Improving Health System Outcomes in Europe and Central Asia"

explores the development challenges for the heath sector in the region, and highlights three areas of improvement - public health and primary care interventions, financing arrangements, and broader institutional reforms -- to overhaul the health system.The report implemented household surveys in six countries with a focus on health-related behavior and utilization of medical care, a survey on quality of care in five countries, and drew upon existing surveys in 11 countries to analyze out-of-pocket spending on health care, leading to the identification of the three areas of improvement.

 


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]

www.aucconline.com