American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
October 17, 2014 - October 24, 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.   

 

Our Members:
Boeing
CNHIndustrial
Coca-Cola
FMN
GE
GM
Harris
HW
Indsur Stelcor, Inc.
Lockheed Martin small
Nukem
Rio Tinto
Solar Logo
SSI logo
White & Case
Zeppelin
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In This Issue:
AUCC IN BRIEF
Uzbekistan's President to Visit Turkmenistan
JOGMEC to conduct geological investigations into rare metals in Uzbekistan
Uzbekistan's GDP jumps
Uzbekenergo announces tender for construction of solar station
Reminder: 2014 US-Uzbekistan Annual Business Forum

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.

Press Service of the President of the Republic of Uzbekistan  

 

October 21, 2014

 

President of the Republic of Uzbekistan Islam Karimov is to pay an official visit to Turkmenistan on October 23-24 at the invitation of President Gurbanguly Berdymuhamedov.

The development of bilateral relations as well as pressing issues in regional and international affairs are expected to be discussed within the frameworks of the regular Uzbek-Turkmen dialogue at the highest level.

A joint declaration of the heads of state and a number of other documents designed to further enhance the cooperation across various spheres are to be signed as the outcomes of the visit.

 

Azernews  

 

October 23, 2014

 

The Japanese Oil, Gas and Metals National Corporations (JOGMEC) and Uzbek State Committee on Geology and Mineral Resources (Goskomgeo) will jointly conduct geological investigations into rare metals in Chatkal-Kurama rare-earth zone of Uzbekistan.

The news was announced by Department Head of Goskomgeo Azam Kadyrkhojayev at an international conference titled "Investment potential of solid minerals of Uzbekistan" held in Tashkent on October 23.

"Preliminary works are underway without a license agreement," he noted.

Kadyrkhojayev also said the sides are conducting investigations into rare and rare-earth metals (tantalum, niobium, lithium, beryllium, rubidium, cesium and others) in accordance with an agreement concluded between Goskomgeo and JOGMEC in 2013.

JOGMEC and Uzbekistan's Navoi Mining and Metallurgical Combinat (NMMC) signed an agreement on the uranium exploration in the prospective areas in July.

In August, JOGMEC received a five-year license for uranium exploration at two prospective areas in Navoi.

According to the document, JOGMEC will implement geological exploration works in the Juzkuduk and Tamdiykuduk-Tulyantash prospective fields upon the terms of business risk for five years.

JOGMEC is the first foreign investor in Uzbekistan which has the right to explore and develop sandstone uranium deposits.

There are two types of deposits - of sandstone and black shale type - in the mineral resource base of the country. The sandstone deposits are developed by NMMC.

Uzbekistan is not a consumer of uranium products, and all of the produced uranium is exported. NMMC is the only authorized operator in mining and uranium export in Uzbekistan.

Uzbekistan has significant reserves of metals, in particular gold, copper, lead, zinc, silver, tungsten, uranium and molybdenum. The country has large minerals development capacity which is economically viable.

 

Azernews  

 

October 22, 2014

 

Uzbekistan's GDP increased by 8.1 percent in January - September 2014 compared with the same period in 2013.

Industrial production increased by 8.4 percent, agricultural production by 6.8 percent, construction by 18.9 percent during the reported period.

These figures were mentioned at the government meeting on the results of socio-economic development of Uzbekistan for the first 9 months of 2014, the government reported.

The state budget was implemented with the surplus of 0.1 percent of GDP.

The inflation level has not exceeded the established predictive parameters.

Total volume of investments increased by 10.7 percent in January - September, the volume of direct foreign investment - by 22.3 percent.

Some 105 projects, included in the investment program, have been completed since the beginning of 2014. Some 2,700 new production facilities have been commissioned.

The volumes of production of consumer goods increased by 11.3 percent, retail trade by 14.2 percent, paid services by 11.1 percent during the reported period.

Uzbekistan's GDP grew by 8 percent in 2013, production of industrial production by 8.8 percent, agriculture by 6.8 percent, construction by 16.6 percent, and retail turnover by 14.8 percent; the volume of capital investment from all funding sources was 11.3 percent compared to 2012, according to the State Statistical Committee. The state budget was executed with a surplus of 0.3 percent of GDP. The inflation level has not exceeded the forecasted parameters and amounted to 6.8 percent.

In 2014, the government plans to ensure the GDP growth by 8.1 percent, industrial production by 8.3 percent, agriculture 6 percent and to increase capital investment by 9.5 percent. The inflation is planned to be kept in 6 to 7 percent.

 

UzDaily  

 

October 20, 2014

 

State joint stock company Uzbekenergo announced a tender for construction of photovoltaic power plant in Samarkand region.

The tender was announced for selection of general contractor for designing, building and operation of 100 megawatt grid-connected crystalline photovoltaic power plant with fixed tilt assembly in Samarkand.

The starting price of the tender was not announced. The tender proposals will be received till 19 December. The results will be summed up in the first quarter of 2015.

The bidding is open to bidders from eligible source countries of the ADB. The contract will be jointly financed by Asian Development Bank and Fund for Reconstruction and Development of the Republic of Uzbekistan (UFRD). The eligibility rules and procedures of ADB will govern the bidding process.

The project envisages construction of generating capacities for 100 megawatt with production of 200 million KWH of electricity a year. The project is expected to run for about five years with an estimated completion date of March 2019.

The project cost is US$310 million. It will be financed due to loan of the Asian Development Bank for US$110 million, as well as resources of the Fund for Reconstruction and Development of Uzbekistan and Uzbekenergo.

As reported earlier, Uzbekistan plans to build several solar-based electric power plants with a capacity of over 2 GW, according to earlier reports. Those plants will be financed by Uzbenergo and loans of the international financial organizations.

Potential of solar energy of Uzbekistan is rated at 50.9 billion tonnes of oil equivalent, which makes up 99.7% of all researched renewable energy in Uzbekistan.

 

AUCC  

 

2014 US-UZBEKISTAN ANNUAL BUSINESS FORUM

 

WHERE: Tashkent, Uzbekistan

 

WHEN: Tuesday, November 11, 2014

 

TIME: 9.00 AM - 5.00 PM

 

REGISTRATION DEADLINE: Wednesday, 

October 29, 2014

 

Please register online to receive an Application Form that includes information on Uzbek visa, hotel accommodation, transportation, etc. 

 

On Tuesday, November 11, 2014, the American-Uzbekistan Chamber of Commerce (AUCC) will participate in the 2014 US-Uzbekistan Annual Business Forum in Tashkent, Uzbekistan.   It has become the chamber's well-established tradition to alternate the forum between Washington, DC and Tashkent and allow AUCC members to communicate their business plans directly to the American and Uzbek people.  The AUCC delegation will be led by the chamber's Chairperson, Carolyn B. Lamm, and its' President Timothy Y. McGraw.  Minister of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan, Elyor Ganiev, is expected to represent the Uzbek Government.

 

"Last year, we were delighted to celebrate the chamber's 20th anniversary which was a major milestone and achievement for our companies and the people of the US and Uzbekistan", said AUCC Chairperson, Carolyn Lamm.  "Now that we have entered the new era, our members are inspired to do more.  Last year's forum focused on financial instruments available to US exporters and manufacturers.  This year's event will hopefully highlight and outline the AUCC companies' specific plans and contracts that can boost the bilateral trade and make the US one of the top three trading and investment partners of Uzbekistan.  Addressing our business partners in Tashkent and providing the US companies' assessment and perspective of their ongoing and future scale of business plans is crucial to fostering constructive and dynamic relations.  We sincerely hope that our commercial aspirations will continue to be supported by the Governments of the US and Uzbekistan that have both outlined business and commerce as a pillar of their geopolitical agenda".  

 

"We are honored to have the opportunity to travel this year to Uzbekistan and bring the forum to the country which welcomed the majority of our companies some 20 years ago. There is clearly great enthusiasm, optimism and confidence expressed by both sides in the AUCC members' ability to bring more innovative projects and technology, cutting-edge scientific research and groundbreaking exploration works that will benefit the two countries.  And in return, our companies are eager to be given the opportunity and to demonstrate that their technologies and expertise are superior to those of the competition", said AUCC President Timothy Y. McGraw.    

AUCC is a private, non-governmental, 501 (c)(6) trade association that was established in 1993 in Washington, DC.  The chamber is the oldest business group in the US and the Republic of Uzbekistan that exclusively represents interests of US corporations and multinational companies with significant American involvement before the governments of our two countries.  

 

Today, AUCC represents: The Boeing Company, CNH Industrial, The Coca-Cola Company, FMN International, General Electric, General Motors, Harris Corporation, Honeywell, Indsur Stelcor, Inc., Lockheed Martin, Nukem, Inc. (a subsidiary of Cameco Corporation), Rio Tinto, Solar Turbines/Caterpillar Company, Sustainment Solutions Inc., White & Case LLP, and Zeppelin International AG (authorized Caterpillar Distributor).  

 

REGISTRATION DEADLINE:

Please use registration links below to indicate your interest in the event.  Registration deadline is Wednesday, October 29, 2014

 

SPONSORSHIP:

For sponsorship opportunities, please contact AUCC atinfo@aucconline.com.

 

INTERNATIONAL HOTEL TASHKENT AND TRANSPORTATION IN TASHKENT:

Special hotel and transportation rates are available for AUCC members and guests.  Please contact AUCC atinfo@aucconline.com for details. 

 

APPLICATION FEE:

Free for AUCC members (will be verified) and US Government representatives.  

 

$300 per person - All other guests and participants. This is a one-time and non-refundable fee.  Please follow links below to make a payment and register for the event.      

Get more information
Register Now!
I can't make it
For more information about the event, please contact AUCC office at info@aucconline.com or call us at 202-509-3744.  

 

Thank you for your attention and response.  We look look forward to seeing you on Tuesday, November 11, 2014 in Tashkent, Uzbekistan!
 
Sincerely,

 

The American-Uzbekistan Chamber of Commerce
202-509-3744

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

www.aucconline.com