American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
May 30, 2014 - June 6, 2014
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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 [email protected]  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
Uzbekistan plans to attract loans from WB up to $ 660 million until 2016
Introduction of Modern Technologies to Boost Agricultural Development
Line C of Central Asia-China Gas Pipeline operational
ThyssenKrupp plans to participate in construction of chemical complex in Uzbekistan
FRDU to issue US$66m to Uzbekneftegaz to buy drilling equipment

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.

trend.az  

 

June 4, 2014

 

The Uzbek Government plans to attract loans from the World Bank, totaling $660.8 million in 2014-2015, the representative of Uzbek financial circles told Trend.

Relevant authorities of Uzbekistan and expert groups of the WB are discussing parameters of the bank`s participation in a number of investment projects, according to the source.

The possibility of allocating a WB loan in the amount of $260.8 million is being discussed for the modernization project of the drainage system in the Autonomous Republic of Karakalpakstan in the second half of 2014,

Furthermore, the Uzbek Government expects to attract a WB loan in the amount of $200 million early in 2015 for the construction of the railway in the Ferghana Valley (east of Uzbekistan) through Kamchik pass.

It is also expected to attract loans from the World Bank in the amount of $150 million for the development of horticulture in Uzbekistan and $ 50 million to support reforms in education.

Uzbekistan joined the World Bank in 1992. Since 1995, the bank has provided loans worth about $2 billion to Uzbekistan for projects in the area of privatization, financial sector development, the modernization of agriculture, energy, improvement to social infrastructure, health and education.

In accordance with the strategy of partnership with Uzbekistan for 2012-2015 approved by the bank, the WB intends to provide financial assistance to the country in the implementation of 15 investment projects in the energy, transport, irrigation, petrochemical, textile and agro-processing sectors and the in the improvement of the quality of medical services for a total of $1.3 billion.

gov.uz  

 

June 6, 2014

 

The Ninth Uzbekistan Agrominitech Expo-2014 international specialized market exhibition of mini technologies and compact equipment for the agricultural industry complex, and the Third Uzbekistan Agrotechmash Expo-2014 international specialized exhibition of agricultural hardware, machinery and equipment have opened at the Uzexpocenter in Tashkent.

The expositions are organized by Uzbekistan's Ministry of Foreign Economic Relations, Investments and Trade, the Ministry of Agriculture and Water Management, the Trade and Industry Chamber and the Council of Farmers.

Chairman of the Council of Farmers of Uzbekistan S.Turdiev, the First Deputy Minister of Foreign Economic Relations, Investments and Trade A.Kamalov and other speakers noted that the wide-ranging transformation and quality changes in the agricultural sector of our country's economy, spearheaded under the leadership of President Islam Karimov, have been yielding due outcomes. Instrumental in furthering these goals has been the introduction of cutting-edge technologies. The 15 may 2014 presidential resolution "On Measures to Further Refine the Management and Financial Recovery of Enterprises in Agricultural Machine Building" has come to be an important normative foundation for further development in manufacturing state-of-the-art, highly productive agricultural machinery and equipment competitive both in the domestic and external markets.

The significance of technical and technological re-equipment of agriculture and further development of Uzbekistan's agricultural industry sector explains the extensive scale and high level of the organization of international exhibitions Uzbekistan Agrominitech Expo-2014 and Uzbekistan Agrotechmash Expo-2014.

In the current market exhibition Uzbekistan Agrominitech Expo-2014, in excess of 150 companies are taking part fr om 26 countries around the world, including China, South Korea, United States, France, Germany, Spain, Iran, Italy, Japan, the Netherlands, Russia, Turkey and others.

An extensive range of goods and services is presented at the exposition in a number of areas, including compact lines for reprocessing agricultural products, packing mini technologies, equipment for livestock husbandry, poultry, beekeeping and gardening, mini machinery and hardware for stocking fodders, gardening and viticulture, the organization of greenhouse enterprises, chemical substances for plant protection.

It is noteworthy that at this exhibition-sale, as the tradition of the last years has gone, a special significance is attached to the demonstration of cutting-edge and economical technologies to reprocess fruits and vegetables as well as meat and dairy products, of mini machinery and hardware for gardening and viticulture, astrakhan sheep breeding and leather reprocessing.

Uzbekistan's potential in the production of mini technologies and equipment for agriculture is brightly displayed by the stands of Uzbek companies. Presented here are the chambers for drying fruits, vegetables and greens, incubators and coops for poultry farming, packing and packaging equipment, stubble breakers and plows. Foreign guests say they are attracted to the achievements in the sphere of alternative energy, namely, solar photoelectric and wind-electric stations capable of uninterruptedly supplying with power those facilities that are located even in the remotest rural areas. Visitors and participants are keen to enquire into vehicles presented here - the freight motor tricycle of domestic production "ELDOSH EL 150-1" and trailers so in demand in faming enterprises. [Read full article here]

ogj.com  

 

June 3, 2014

 

China National Petroleum Corp. says Line C of the Central Asia-China Gas Pipeline became operational May 31 with the turn of a valve in Uzbekistan to receive gas from Turkmenistan.

The 1,830-km line runs parallel with Line A and Line B. It enters China at Horgos, Xinjiang, to link with the Third West-East Gas Pipeline.

Construction of Line C began in September 2012. CNPC said Line C will reach its designed annual deliverability of 25 billion cu m upon completion of all its supporting facilities by the end of 2015.

By then, the overall delivery capacity of the Central Asia-China Gas Pipeline will reach 55 bcm/year.  CNPC said that would equal 20% of China's natural gas consumption.

A construction management agreement for Line D was signed Mar. 4 (OGJ Online, Mar. 11, 2014).

uzdaily.com  

 

June 5, 2014

 

Germany's ThyssenKrupp is planning to participate in construction of chemical complex in Navoi region of Uzbekistan.

RIA Novosti reported that the German company expressed its readiness to participate in implementation of the project and detailed talks will be held in next several months.

Navoiazot announced a tender for construction of a complex on production of ammonia with the capacity of 900,000 tonnes and carbamine with the capacity of 1 million tonnes in May 2014. The project should be implemented in 38 months. It is planned to sum up results of tender in September, but it was extended till the end of 2013.

In January 2014, the tender was declared as abandoned due to high prices of tender proposals. In April 2014, the Government of Uzbekistan decided to attract investors to the project via direct talks.

The project with the cost of US$961.7 million will be financed due to foreign loans and resources of the Uzbek side.

Navoiazot is a largest chemical enterprise, which was launched in 1964.It produces nitric fertilizers, nitronic fibre and other products. Uzbekistan decreased production of carbamide by 6.5% in 2013 to 480,200 tonnes in 2013.

uzdaily.com  

 

June 2, 2014

 

Fund for Reconstruction and Development of Uzbekistan (FRDU) will issue a loan for US$66 million to Uzbekneftegaz national holding company to buy high technological equipment to hold exploration works, RIA Novosti reported quoting source in the holdings.

The Government of Uzbekistan entrusted Uzbekneftegaz to develop a feasibility study of the project with attraction of the FRDU loan for US$66 million by the end of May 2014, the source said. He said that the funds will be used to purchase seismic stations and other equipment to conduct seismic works.

Earlier reported that Uzbekneftegaz will direct US$170 million to programme of technological re-equipment of exploration and drilling enterprises till the end of 2020. The equipments are purchased to increase reserves of hydrocarbons.

The capacities of Uzbekneftegaz currently allows to produce 70 billion cubic meters of natural gas and 8 million tonnes of oil a year.

According to the holding, mineable reserves of hydrocarbons of Uzbekistan makes up 2.5 billion tonnes of conditional fuel as of 1 January 2014, of which about 65% fell to share of gas reserves.

Fund for Reconstruction and Development of Uzbekistan (FRDU) was founded in May 2006 with the decree of the President of Uzbekistan with the charter capital of US$1 billion. Currently, its capital makes up US$15 billion.

The fund was created to finance and co-finance important investment projects, included to the state investment programme.


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The American-Uzbekistan
Chamber of Commerce
 
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phone: 202.509.3744
 
[email protected]

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