American-Uzbekistan Chamber of Commerce
Week in Review:

November 8, 2013 - November 15, 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:
Indsur Stelcor, Inc.
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Rio Tinto
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White & Case
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In This Issue:
Venue and Agenda Update: Invitation to Business Roundtable with Uzbek Ambassador Bakhtiyar Gulyamov in Philadelphia, PA
Uzbekistan appraises strategic partnership relations with Russia
Uzbekistan approves agreement on avoidance of double taxation with Slovenia
Turkmenistan, Uzbekistan discuss transport corridor project through Iran
EBRD says Central Asia's economic growth to remain relatively strong

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.  


INVITATION (Venue and Agenda Update)


JOINT ROUNDTABLE ON PROMOTION OF STRONGER U.S.-UZBEKISTAN TRADE RELATIONS: Views by H.E. Ambassador Bakhtiyar Gulyamov on Commercial Opportunities for US Companies in Uzbekistan and His Assessment of Bilateral Business Cooperation




Time and Date: 9.00 AM - 11.00 AM on Wednesday, November 20, 2013

Venue: Fox School of Business, Temple University, 1801 Liacouras Walk,The Fox Board Room, 3rd Floor, Alter Hall, Philadelphia, PA 19122-6038

RSVP: [email protected]and [email protected] or call 202-509-3744



  • Bakhtiyar Gulyamov, Ambassador of the Republic of Uzbekistan to the United States of America
  • Laziz Kudratov, Trade and Investment Counselor, Uzbek Embassy in Washington, DC
  • Dr. Ram Mudambi, Executive Director, Temple CIBER 



8:30am Networking and Registration

9:00am Opening Remarks by Dr. Ram Mudambi, Executive Director for Center for International Business Education and Research at Temple University

9:15am Overview of Uzbekistan's Economic and Business Potential by Uzbek Ambassador Bakhtiyar Gulyamov

9:30am Video Presentation about Uzbekistan

09:45am Meet US business participants of the Round Table: Brief Company Introductions

09:55am Q&A and Networking

11:00am Conclude Business Roundtable

Separate Briefing Room:

11:15am International Business Student Briefing

11:45am Conclude  


November 14, 2013


Uzbekistan highly appreciates the current level of strategic partnership and allied relations with Russia.

Uzbek President Islam Karimov made the remark at the meeting with Chairman of the Federation Council of Russia's Federal Assembly Valentina Matvienko, who was on an official visit in Tashkent, on November 13.

The president said that fruitful results and practical outcomes of the Uzbek-Russian relations and high-level negotiations in June 2012 in Tashkent and in April 2013 in Moscow allowed to give new impetus to the development of interactions in political, trade, investment, cultural, humanitarian and other spheres.

The achieved level of inter-parliamentary relations also played an important role in the dynamic expansion of bilateral ties in various spheres. The agreement signed in 2006 between Russia's Federal Assembly and Uzbekistan's Oliy Majlis contributed to establishment of relations on the systemic basis, facilitated the regular exchange of experience in legislative support to deep political and socio-economic reforms conducted in the two countries.

The parties stated with pleasure the sustainable tendency of expansion of economic cooperation, qualitative change of mutual trade structure.

During the meeting there was exchange of views on the issues of cultural and humanitarian cooperation, certain regional and international problems.

During the two-day visit Matvienko also held negotiations with Chairman of Senate of Oliy Majlis (upper house of the parliament) Ilgizar Sabirov, Speaker of the Legislative Chamber Dilor Tashmuhamedov and Vice-President Elmira Basitkhanova.  


November 12, 2013


Uzbek President Islam Karimov has approved an Uzbek- Slovenian intergovernmental agreement on avoidance of double taxation and prevention of income and capital tax evasion.

The agreement was signed during the Uzbek delegation's visit to Slovenia. The document was signed by Chairman of the Uzbek State Tax Committee Botir Parpiev and State Secretary of the Slovenian Ministry of Finance Marko Pogacnik.

According to Uzbek and Slovenian experts, approval of the agreement will serve to take a positive step for the further strengthening of economic relations and increasing the investment and economic activity of Slovenian companies in Uzbekistan and Uzbek companies in Slovenia.  


November 15, 2013


The meeting of the joint Turkmen-Uzbek commission for trade and economic, scientific and technical and cultural cooperation took place in Ashgabat, with the participation of the sectorial ministries and agencies of the two countries, a message from the Turkmenistan government said.

According to the message, the Uzbek delegation at the meeting was headed by the country's Minister of Foreign Economic Relations, Investments and Trade Elyor Ganiyev.

'Special attention is being paid to the issues of practical implementation of the project for formation of a transport-transit corridor between Uzbekistan, Turkmenistan, Iran, Oman and Qatar. The main link in this project will be Turkmenistan which seeks to provide new access to world markets and to contribute to the increase of international transit cargo flow', the message said.

Turkmenistan and Iran with the participation of Kazakhstan have already begun the implementation of the trilateral project for creation of a new North-South rail corridor. On the recreated transport and trade system, road cargo will be transferred to the Gulf countries, Indian Ocean, Europe and other regions without delay.

According to preliminary estimates, the annual volume of own and transit cargo transportation will be 10-12 million tons.

The agreement on the establishment of an international transport and transit corridor between the governments of Iran, Oman, Qatar, Turkmenistan and Uzbekistan was signed in Ashgabat on April 25, 2011 at the level of the foreign ministers of these countries.

The new corridor will allow the Central Asian countries to be connected with the ports of the Persian Gulf and Gulf of Oman on the optimal route in the long term prospect.

Observers said that Russia and China can also get the access to the new markets. It may give great economic benefit to the trans-regional project.

Member countries interested in cooperation think the initiative was timely. It will contribute to the further progress and prosperity of each country in the region by expanding the volume of general trade and reducing costs for the transit of goods.

It is necessary to explore the prospects for cooperation in the field of customs, freight traffic by road, rail and sea transport and joint investments at an expert level. The project is particularly important for Uzbekistan, having no direct route to the sea.

It was previously reported that Turkmen President Gurbanguli Berdimuhamedov is expected to pay an official visit to Uzbekistan in November 2013.  


November 13, 2013


[Abstract. Full report here]


The economic growth in Central Asia is expected to remain relatively strong owing to a number of large natural resource projects.

The news was announced on November 11 by the European Bank for Reconstruction and Development (EBRD) in its latest Regional Economic Prospects report.
According to the report, much of the effect of new natural resource deposits in Kazakhstan and Turkmenistan will be reflected in output growth in the first two to three quarters of 2014, while in the Kyrgyzstan and Tajikistan growth is expected to decelerate somewhat in the light of weaker demand and remittances flows from Russia.
Certain delays notwithstanding, large natural resource exploration projects remain broadly on track throughout the region, and are expected to make a sizable contribution to growth over the medium term, the EBRD said.
"Uzbekistan's GDP growth remained strong at 8.2 percent in 2012 and 8 percent in the first half of 2013. It was driven by a combination of increases in public spending, diversification of gas export routes and accommodating monetary conditions," the report said.
The EBRD believes that growth in Uzbekistan is expected to slow down somewhat to around 7.7 percent in 2013.
The bank forecasts that real GDP in 2014 will increase by 5.5 percent in Kazakhstan, 5.5 percent in Kyrgyzstan, 5 percent in Tajikistan, 10 percent in Turkmenistan and 7 percent in Uzbekistan.

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