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

November 29, 2013 - December 6, 2013
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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 info@aucconline.com.  We invite you to be part of our organization and participate in our activities and events.   

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In This Issue:
AUCC IN BRIEF
SCO Prime Ministers Council Convenes in Tashkent
China to Provide Uzbekistan $350M for Crucial Rail Tunnel
Uzbekenergo to invest US$166m to modernize substations by 2018
IFAD to issue US$22m loan to Uzbekistan

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.

mfa.uz  

 

December 2, 2013

 

[Extract.  Read full article here]

 

On November 29, Tashkent hosted the twelfth session of Shanghai Cooperation Organization (SCO) Council of the Heads of Government.
The convention started with a meeting in a contracted format among the Prime Minister of the Republic of Uzbekistan Shavkat Mirziyoev, Prime Minister of the Republic of Kazakhstan Serik Ahmetov, Premier of the People's Republic of China Lib Keqiang, Prime Minister of the Kyrgyz Republic Jantoro Satybaldiev, Prime Minister of the Russian Federation Dmitry Medvedev and Prime Minister of the Republic of Tajikistan Kohir Rasulzoda. The negotiations were attended by the SCO Secretary General Dmitry Mezentsev and the SCO Director of the Executive Committee of the Regional Counterterrorism Structure Zhan Singfen.
During the talks in a trust-based and constructive spirit, it was noted in particular that the activities of the SCO have been advancing steadily on a development path that is built on a significant normative foundation laid by the Treaty on Long-Term Neighborliness, Friendship and Cooperation signed in 2007.
The Shanghai Cooperation Organization has within a brief period of time acquired a dynamic evolution and turned into an eminent international organization. Its standing has been rising from one year to another, as has the number of nations expressing desire to accede to this institution.
The SCO has goals and objectives centered on the issues pertaining to the consolidation of mutual respect, confidence and friendship among the member countries, the provision for peace, security and stability in the region, the establishment and promotion of effective cooperation in the sphere of economy, science and technology, education, culture, energy, transport and environment.
An important agreement and normative base has been created for the past years for the implementation of joint projects in the SCO space related to countering threats and challenges, securing sustainable economic development in the SCO member nations and the regional at large, and enhancing the interaction in the socio-economic area.
The members of the Council of the Heads of Government considered a wide range of tasks outlined during the last session of the SCO Council of the Heads of State before the governments, particularly the issues concerning the promotion of ties among the participating countries in the trade-economic, scientific-technological, socio-cultural, and humanitarian as well as transport spheres.
The SCO heads of government discussed the progress being made in the execution of the program for multilateral trade-economic cooperation among the Organization's member nations and the action plan designed to boost the projected activities within the SCO for 2012-2016. It is noteworthy that the Tashkent session of heads of foreign economic and foreign trade agencies of the SCO countries that took place 23 October this year, a decision was taken for a steadfast implementation of these program and action plan in order to cement and promote economic and investment cooperation.
The Council session in an extended format was attended by governors of the SCO Business Council and the Council of SCO Interbank Association, along with representatives of observer nations, namely, the Vice President (second) of the Islamic Republic of Afghanistan M.Khalili, the First Deputy Foreign Minister of the Republic of India S.Singh, the Minister of Industry, Mines and Commerce of the Islamic Republic of Iran M.Nematzadeh, Deputy Prime Minister of Mongolia D.Terbishdagva, Counselor of the Prime Minister of the Islamic Republic of Pakistan for National Security and Foreign Affairs S.Aziz, as well as representatives of partner international organizations such as the Deputy United Nations Secretary General - Executive Secretary of the UN Secretariat of the Economic and Social Commission for Asia and the Pacific (ESCAP) N.Heyzer, Chairman of the CIS Executive Committee - Executive Secretary of the CIS S.Lebedev, and the ASEAN Deputy Secretary General N.Ling.  [Read full article here]

en.apa.az  

 

November 30, 2013

 

China signed a deal with Uzbekistan on Friday to provide $350 million for construction of a railway tunnel linking the Central Asian nation's populous Ferghana Valley with the rest of the country, APA reports quoting RIA Novosti.
The loan deal was one of several agreements signed during a visit to Uzbekistan by Chinese Premier Li Keqiang.
Preparatory work for construction of the railway, which will join the industrial city of Angren to the Ferghana Valley town of Pap, began earlier this year.
After completion, due in July 2016, Uzbekistan will be able to dispense with existing railway connections through the neighboring state of Tajikistan, with which it has tense relations.
Uzbekistan Railways and China Railway Tunnel Group signed a contract in June to build the 19-kilometer (12 mile) tunnel, which will pass under the 2,200-meter (6,670-foot) Kamchik Pass that divides the country.
The tunnel is set to cost some $455 million and require around 500 laborers and technicians to build.
Expected expenditure for the Angren-Pap line stands at $1.9 billion. Funding is being sourced from international financial institutions and the Uzbekistan government.
The Ferghana Valley, Uzbekistan's agricultural heartland, occupies a small fraction of the country territorially, but is home to almost a quarter of its population of 29 million. The only direct link between the Ferghana Valley and the remainder of Uzbekistan, which includes the capital, Tashkent, is a winding and often broken road.
Other deals signed Friday included a commitment by the China Development Bank to provide Uzbekistan's Uzpromstroybank with $10 million in credit.
The countries also agreed on a $40 million program to develop small businesses in Uzbekistan.

uzdaily.com  

 

December 2, 2013

 

Uzbekenergo will direct US$166 million to modernization of substation of the energy system of Uzbekistan in 2014-2017, the source in the company told RIA Novosti.

The project was included to investment programme of the company for 2014 and next years. Currently, the company is completing inventory of the objects and determined the cost on modernization.

He said that it is planned to update 80% of old equipment sub-stations. The company will finance the project due to own resources of Uzbekenergo and loan of the Fund for Reconstruction and Development of Uzbekistan, as well as the Uzbek banks.

The source said that the company has 1,,673 units of sub-station with the capacity of 35 kV and with total capacity of over 40 million kilovolt-ampere and 67,600 transformer points of 6-10 kV with the capacity of 22.5 million kilovolt-ampere.

Currently, the energy system of Uzbekistan has 45 power stations with the capacity of 12,400 megawatt, of which 16 power stations belong to Uzbekenergo - 12,040 megawatt.

The potential of electricity production makes up 56-57 billion KWH. Production of electricity in Uzbekistan rose by 3.1% year-on-year to 40.356 billion KWH in nine months of 2013.

www.uzdaily.com  

 

December 4, 2013

 

International Fund for Agricultural Development (IFAD) will allocate a loan for US$22 million to development of fruit and vegetables sector in 2014, RIA Novosti reported quoting source in the Ministry of Agriculture and Water Management of Uzbekistan.

The Fund and the Government of Uzbekistan signed a memorandum and the terms of allocation of loan in the beginning of 2014 is considered now, the source said.

The IFAD loan will be refinanced through the Uzbek banks and issued to farms for developing fruits and vegetables production in Surkhandarya region.

Uzbekistan joined the IFAD in April 2010. The IFAD is part of the UN and issues financial resources for developing countries on preferential terms to develop agriculture production. The fund issued interest-free loans up to 50 years.


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phone: 202.509.3744
 
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