American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
August 1, 2014 - August 8, 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
President Karimov Receives Japan's Economy Minister
Uzbekenergo announces pre-qualification for modernization of Navoi thermal power station
Uzbekistan, Turkmenistan, Iran, Oman sign MoU on construction of transport corridor
Uzbekistan produced 2.1 m tonnes of vegetables and 782 400 tonnes of fruit in 2014

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.

Uzbekistan National News Agency  

 

August 6, 2014

 

Welcoming the guest, the head of our state noted that the meeting constituted a logical extension of the dynamically advancing dialogue with Japan with regard to consolidation of relations of strategic partnership between our two nations, and that it provided a good opportunity to assess the current state and exchange views on the priority aspects in the enhancement of mutually advantageous cooperation, first and foremost in the economic realm.

It is noteworthy that the official visit by the President of Uzbekistan to Japan in February 2011 afforded a potent impetus to the development of bilateral trade and economic, investment and financial ties. Moreover, it stimulated the political interaction and filled the strategic cooperation with new practical content.

Japan has traditionally been one of Uzbekistan's key economic partners. In 2013, the trade turnover between the two countries exceeded 215 million US dollars. The aggregate volume of financial-technical assistance provided by Japan to Uzbekistan has surpassed 2 billion dollars.

Japanese companies have been energetic in the implementation of major investment projects in Uzbekistan, including the construction of a compressor station at the Kokdumalak Field and the Bukhara Oil Refinery, the modernization of Ferghana Oil Refinery and airports in Samarkand, Bukhara and Urgench. Joint projects are currently in progress to enhance the Navoi and renovate the Talimarjan heat power plants.

The talks helped the two parties discuss the prospects of expansion of cooperation in the energy sector, hydrocarbon, mining, chemical and electrical engineering industries, as well as the telecommunications sphere.

 

It was stressed with satisfaction that the Japanese delegation includes officials of leading corporations like Itochu, Mitsubishi, Marubeni, JOGMEC, NEC, and that a joint business forum is scheduled as part of the visit.

Toshimitsu Motegi extended his sincere gratefulness to the head of our state for a warm welcome and confirmed the willingness of the Japanese government to further consolidate the multifaceted and mutually advantageous economic bonds with Uzbekistan.

UzDaily  

 

August 8, 2014

 

Uzbekenergo state joint stock company announced a pre-qualification for Navoi Thermal Power Station Modernization Project.

Uzbekenergo intends to prequalify contractors and/or firms for the construction on a full turn-key basis of one unit of 450 MW nominal capacity combined cycle cogeneration plant at Navoi Thermal Power Station.

The applications for pre-qualification should be submitted till 18 September 2014. It is expected that Invitation for Bids will be made in October 2014. The project envisages construction of gas booster station.

The project cost is US$520 million. Japan International Cooperation Agency (JICA) allocated US$360 million to the project, Fund for Reconstruction and Development of Uzbekistan - US$100 million. Uzbekenergo will also issue own resources to finance the project.

The consortium of Turkish Calik Enerji Sanayi ve Ticaret AS and Spanish Initec completed construction of combined-cycle plant with the capacity of 450 megawatt at the Navoi thermal power station in October 2012. The project cost was US$530 million.

Japan's Mitsubishi supplied combined-cycle plant with the capacity of 478 megawatt to Navoi thermal power station. The project will allow to produce 2.8 billion KWH of electricity a year and cut consumption of fuel by 1.8 times. It will save 400 million tonnes of gas or over US$110 million.

Total capacities of the Navoi thermal power station with new combined-cycle plant reached 1,546 megawatt, which allows to produce 7.9 billion KWH electricity a year.

Trend  

 

August 6, 2014

 

Foreign ministers of Uzbekistan, Turkmenistan, Iran and Oman signed a memorandum of understanding on Aug.6 on the entry into force of the agreement to construct a transport corridor that will link these countries, Uzbek Foreign Ministry said.

The agreement to create a new international transport corridor that will link the Central Asian countries to the Persian Gulf ports, was signed in April 2011.

The transport corridor will run through Iran's territory and link the Central Asian countries to Iranian ports in the Persian and Oman gulfs.

"The implementation of the agreement will be a turning point in the interregional relations and will allow to significantly expand the mutually beneficial ties between the countries of the region. It will give a significant impetus to the economic development of the participating countries," the ministry said.

The quadripartite ministerial meeting on creating the transport corridor was held in Muscat (Sultanate of Oman). Uzbek delegation was headed by the country's Foreign Minister Abdulaziz Kamilov.

Fresh Plaza  

 

August 7, 2014

 

According to the data of Ministry of Economic Affairs, from January to June 2014 the agricultural business in Uzbekistan has produced 2.1 million tonnes of vegetables and 782 400 tonnes of fruit. The vegetables were grown on the area of 255 800 ha, potatoes - of 81 500 ha, cucurbit crops - of 57 100 ha. 

New orchards have occupied 2400 ha, early-ripe fruit - 5600 ha, vines - 8900 ha. Another 10 000 hectares of orchards and vines have been reconstructed. New greenhouses built on 213500 ha of land.

The yields this year are as follows: 2.1 million tonnes of vegetables (an increase of 10% on last the year), 1.2 million tonnes of potatoes (an increase of 11.3%), 150 700 tonnes of cucurbit crops (11.1% increase), 782 400 tonnes of fruit (10.1% increase), 22 200 tonnes of grapes (12% increase).

For the period of January- June of the current year, 29 advanced refrigerating stores (with total holding capacity of 13 500 tones) have been built in Uzbekistan.  


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]

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