American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
May 9, 2014 - May 16, 2014
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AUCC 20th logo

2014 Opens a New Era for the Chamber
  

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.  While 2013 concluded our celebrations for the 20th anniversary it also opened a new era for the chamber and our members.

 

We are delighted that today AUCC continues to be 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.

 

We thank you all for your support and engagement and look forward to another year of progress and business successes.  

 

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
Uzbek president receives U.S. Deputy Secretary of State
EU to allocate about 70 million euros for Uzbekistan's development
Uzbekistan modernizes gas processing plant in south
Another 22 projects added to Localization Program

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.

en.trend.az  

 

May 8, 2014

 

Uzbek President Islam Karimov received the U.S Deputy Secretary of State William Burns, who paid a working visit to Tashkent, the presidential press service said on May 8.

The sides stressed the ongoing dynamics of bilateral cooperation in political, economic, humanitarian and other fields of mutual interest during the recent meeting.

A systematic dialogue in various areas, including regular contacts at the level of the parliaments and foreign ministries of the two countries, allows the parties to establish fruitful and constructive cooperation.

During the meeting the sides also discussed the regional and international issues and exchanged views on the current situation in Afghanistan in the context of regional security and stability.

Particular attention was paid to the prospects of expanding the trade-economic and investment cooperation.

Burns reaffirmed the commitment of the U.S. government to further develop the relations with Uzbekistan in various fields.

Currently, some 190 enterprises, including 53 - with foreign capital are operating on the Uzbek market with the participation of U.S. companies. The representative offices of 40 leading U.S. corporations were accredited.

It was reported that during the visit U.S. Deputy Secretary of State met with Uzbek Foreign Minister Abdulaziz Kamilov.

azernews.az  

 

May 14, 2014

 

The financial assistance of the European Union to the development of Uzbekistan can reach nearly 70 million euros in the coming years, according to the EU representation in Uzbekistan.

The EU has provided about 72 million euros to support the development of Uzbekistan from 2007 to 2013, and this amount could reach 68 million euros in 2014-2020, the representative office said.

At present, cooperation between the EU and Uzbekistan is developing in several directions, and the dynamics of trade and economic relations tends to rise.

In 2013, the volume of trade between the EU and Uzbekistan was about 1.65 billion euros, which, according to experts, does not reflect the existing potential for cooperation.  The parties intend to continue work on the development and the completely implementation of this potential, including the expansion of investment cooperation and attraction of European investments in the Uzbek economy, according to the EU representation in Uzbekistan.

Uzbekistan and the EU signed an agreement "On partnership and cooperation" in 1996.

The European Union representative office was opened in Tashkent in 2012.

trend.az  

 

May 9, 2014

 

Uzbekneftegaz National Holding Company will start implementing the project worth $ 220 million to further modernize the Mubarek gas processing plant (Kashkadarya region, south of Uzbekistan) in the fourth quarter of this year, a source in the National Holding Company told Trend on May 9.

The phased construction of the eighth stage of gas desulfurization of three universal blocks, namely, 19th, 20th and 21st, with a total capacity of six billion cubic meters per year is envisaged as part of the project, the representative said.

The project is planned to be financed through Uzbekneftegaz's own funds to the amount of $ 170 million and the Uzbek Reconstruction and Development Fund's loan worth $ 50 million.

It was previously reported, Uzbekneftegaz completed the construction of the seventh stage of gas desulfurization in July 2013 as part of 16th, 17th and 18th universal blocks with a total capacity of six billion cubic meters per year. The 18th block was commissioned in the third quarter of 2012, while the remaining two blocks in the first half of 2013.

Uzbekneftegaz's facilities were the contractors for the construction worth $171.8 million.

The project was financed through Uzbekneftegaz's own funds.

The Mubarek Gas Processing Plant was commissioned in 1971. Currently, the capacity is about 30 billion cubic meters of natural gas and more than 570,000 tons of gas condensate per year.

uzreport.uz  

 

May 14, 2014

 

By the Cabinet of Ministers Resolution it is decided to include another 17 enterprises with 22 projects into the Localization Program for production of finished products, components and materials for the years 2014-2016.

The document has been adopted in order to further deepen the localization of production of competitive finished products and components with local raw materials.

The Regulation provides a List of localization projects, included in the Program, implemented at enterprises, for manufacture of consumer products, capitalized products and components, and raw materials.

As noted in the document, these companies are exempt until January 1, 2017 from paying customs duties (except customs clearance fees) - for imported technological equipment and spare parts, components not produced in the country, used in technological process of localized products manufacture.

During this period, they will not pay income tax, single tax payment (for entities applying the simplified taxation system) - in terms of products manufactured through localization projects, as well as property tax - in terms of the basic production assets used to manufacture localized products.

These benefits apply: on customs fees from May 12, 2014, and on taxes - from 1 June 2014.


CONTACT INFORMATION:aucc logo
The American-Uzbekistan
Chamber of Commerce
 
1300 I Street, N.W.,
Suite 720W
 
Washington, DC 20005
 
phone: 202.509.3744
 
info@aucconline.com

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