American-Uzbekistan Chamber of Commerce
Week in Review:
April 3, 2015 - April 10, 2015
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Dear AUCC Members and Friends:


Happy Holidays and best wishes for a prosperous New Year! 


We would like to express our gratitude to all AUCC members who, through all these years, have proven to be Uzbekistan's true allies and have been nothing but dedicated, reliable, honest and most conscientious business partners inspired to expand the bilateral relationship, business climate and promote development to enhance the lives of the people of Uzbekistan and the US.  


Our companies recognize that despite the global economic slowdown, Uzbekistan has managed to secure successfully greater macroeconomic stability and growth.  We applaud the Government of Uzbekistan for their continuous process to improve the operating business environment that US companies benefit from and fiscal discipline that has enhanced economic growth.  We greatly appreciate our own US Government for their continuous dialogue with their Uzbek counterparts on how to use trade and investment engagement as a pillar of the bilateral relations.


We stand ready to use our business acumen to facilitate the Uzbek and US Governments' efforts to attract more American companies and helping those who are already here generate even more success stories for the world to hear. We hope for the US and Uzbek Governments' support in helping us multiply our achievements and generate more projects and contracts that will make our nations achieve greater prosperity, stability and higher rates of development. 


Happy Holidays!  May 2015 bring greater prosperity to the American and Uzbek people. 




Carolyn Lamm, AUCC Chairperson

Timothy McGraw, AUCC President


If your company is interested in joining AUCC, please contact our office at 202-509-3744 or  We invite you to be part of our organization and participate in our activities and events.   


Our Members:
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In This Issue:

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.

Sustainment Solutions, Inc.

April 10, 2015 


Scott Shinn, President and CEO of Sustainment Solutions, Inc. (SSI) in Lancaster, KY, has been named the SBA 2015 Kentucky Small Business Person of the Year by the Kentucky District Office of the U.S. Small Business Administration.

The company is a Veteran-Owned, HUBZone certified business and has participated in SBA's STEP exporting program, received business analysis from the Small Business Development Center (SBDC) in Lexington and mentored at the SCORE - Lexington Chapter, both SBA Resource Partners, and worked with the Procurement Technical Assistance Center, now administered by the Kentucky SBDC Network.

Shinn began his career in the U.S. Air Force in 1993 and was deployed in Operation Enduring Freedom and Southern Watch. He completed his military career in 2002 but returned to Iraq and Afghanistan with tasks that included managing, installing, maintaining, and servicing security equipment utilized by U.S. Military forces and NATO.

SSI has experienced 700% growth in revenue since its inception in 2009 and operates in tough, remote and hazardous climates. The company has seven full-time employees and 40+ contractors worldwide, with a footprint that has grown to 25 countries and counting.

As a leader, Scott understands the value and skillset of veterans and hires veterans. As an entrepreneur, he is always looking to invest in new technology and ideas, which he couples with his passion to help military veterans and children. He is an active board member for Kentucky-based Wilderness Trace Child Development Center, serves on Governor Beshear's Advisory Board for Veterans Affairs, is a member of the Kentucky District Export Council and supports many sports and entrepreneurship activities in Garrard County.

"I am extremely humbled by SBA's decision to recognize me as the Kentucky Small Business Person of the Year. God has surely blessed us with an excellent team of veteran engineers and support staff that we have assembled at SSI, and I am proud of the sustainment, installation, and construction work that we do for the DoD, State Department, NATO and other international agencies.


The Times of Central Asia

April 8, 2015 


Uzbekistan's joint-stock electro-technical company Uzeltechsanoat by 2017 plans to organize production of photovoltaic power plants with a capacity of up to 500 KW in the Navoi free industrial and economic zone, reported.  

The project provides for attraction of direct foreign investments.

Solar energy generation has good prospects in Uzbekistan, although it requires large capital investment and large areas for placing solar panels, Akrom Mirzabayev, general director of Tashkent-based photovoltaic equipment producer Mir Solar, told        

In his words, the state provides legislative support for domestic photovoltaic producers. Mir Solar, for example, was included in the state production localization program in 2009, and has been exempted from all taxes and customs duties for seven years.   

The strategy of photovoltaic equipment production at the company meets the interests of the state, the general director said. The company has minimized the use of imported components and developed its own technology for the production of photovoltaic equipment. The level of production localization at the company (that is, the use of domestically produced components) is 62.5 percent.     

The state support has helped the Uzbek company to successfully compete with leading Chinese photovoltaic equipment producers.

However, according to Mirzabayev, for further development Uzbek photovoltaic producers need more support from the state, including provision of low-interest loans for the purchase of renewable energy equipment for at least 15 years, introduction of leasing schemes, and introduction of tariffs for "green" energy.



April 7, 2015 


Uzbekistan will launch new projects on modernization and technological upgrade of its oil and gas industry.

Uzbekneftegaz national holding of Uzbekistan will start oil and gas projects under the new program worth $7.1 billion in 2015, RIA Novosti reported.

The program approved by President Islam Karimov includes 39 projects on modernization, technical and technological upgrade of oil and gas industry.

The total of investments and loans amount to $5.1 billion, the funds to be allocated by Uzbekistan - $1.14 billion, loans from the Fund for Reconstruction and Development of Uzbekistan - $543.8 million, and the Uzbek banks - $313.7 million.

Uzbekistan has 594 million barrels of proven crude oil reserves as of 2014, according to Oil and Gas Journal. The country also has 65 trillion cubic feet (Tcf) of proven natural gas reserves according to data published in 2013.

Roughly 60 percent of all known oil and natural gas fields are located in the Bukhara-Khiva region. The region is the source of approximately 70 percent of the country's oil production.

Russia's Lukoil and Gazprom and China National Petroleum Corporation are among the most heavily invested companies in Uzbekistan's oil and natural gas industry.

Russian oil giant Lukoil in the current year will begin the active phase of the project for the construction of a gas processing plant and the equipment furbishing of Kandim group of fields in the Bukhara region for an estimated investment of $2.66 billion. GPP, which will have a capacity of 8.1 billion cubic meters of gas a year, will be built by 2019.

Uzbekneftegaz and China's CNPC will begin the construction of the fourth line of the Uzbek section of the pipeline "Central Asia-China" worth $800 million. Construction of the pipeline - with a capacity of 20 billion cubic meters of gas - is to complete by 2017.

South Korean IRED Co. ltd will prepare a technical solution to expand the capacity of Shurtan Gas Chemical Complex in Kashkadarya region in the current year. The project which will cost at estimated$570 million will be completed by 2020.

Uzbekistan was the third largest natural gas producer in Eurasia, behind Russia and Turkmenistan in 2012. With a highly energy-intensive economy, Uzbekistan holds sizable hydrocarbon reserves of mostly natural gas. However, insufficient pipelines to export higher volumes of hydrocarbons and aging energy infrastructure have slowed the production, distribution, and exports of hydrocarbons in recent years, according to the International Energy Agency.

Uzbekistan is rich in hydrocarbon resources, and about 60 percent of its territory possesses potential oil and gas reserves. Uzbekistan ranks third among the countries of the Commonwealth of Independent States, and fifteenth among the countries of the world in terms of annual natural gas production.

The projected reserves of hydrocarbons stand at about 10 billion tons of standard fuel, while prospective ones amount to about 2 billion tons.

There are five oil and gas regions - Ustyurt, Bukhara-Khiva, Surkhandarya, Hissar, and Fergana - and three promising ones -Khorezm, Middle Syr Darya and Zarafshan- in Uzbekistan.



April 6, 2015 


LT Textile Cooperatief UA, a Dutch textile firm, has started the construction of a large textile complex spread over 30 hectares in Kashkadarya region of Uzbekistan, according to media reports.

The construction of the textile complex comes on the back of an investment agreement between the ministry of foreign economic relations, investments and trade of Uzbekistan and LT Textile Cooperatief signed last October. 

The Dutch company will invest at least $55 million in the textile enterprise in 2015-2016 in accordance with this agreement, including $17 million of its own funds, $38 million from foreign banks.

The new complex will have a capacity to process 20,000 metric tonnes of cotton fibre and produce 15,000 metric tonnes of cotton and mixed yarn per year.

Under the agreement, the enterprise will be provided with modern high-tech and energy-efficient equipment. The complex is targeted to be commissioned in November 2016 and will start operating to full capacity in Q1 of 2017. Exports will comprise 80 per cent of the enterprise's products.

Uzbekistan is the sixth producer and third largest exporter of cotton fibre in the world with a production of 1.2 million metric tonnes of cotton fibre.



April 10, 2015 






8.30 am - 4.00 pm

Tuesday, October 13, 2015


Pavilion Room

The Ronald Reagan Building and International Trade Center

1300 Pennsylvania Avenue NW

Washington, DC 20004



Mr. Elyor Ganiev, Minister of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan (confirmed)


Ms. Nisha Biswal, Assistant Secretary of State, South and Central Asian Affairs, US Department of State(invited)

Mr. Michael Lally, Executive Deputy Assistant Secretary, Europe, Middle East and Africa, US Department of Commerce (confirmed)

Mr. Raymond Ellis, Vice President & Manager, Global Business Development Division, Export-Import Bank of the United States (confirmed)

The event will be followed by a reception to welcome members of the official Uzbek delegation and the forum's participants

More information about the forum's speakers and agenda to follow.


Organized by the American-Uzbekistan Chamber of Commerce


Sponsored by The Ronald Reagan Building and International Trade Center



For more sponsorship opportunities, please contact AUCC at 202-509-3744 and


AUCC would like to invite all interested parties to participate in the 2015 US-Uzbekistan Annual Business Forum and hear the Uzbek Government plans and opportunities for our members' increased trade and investment engagement in the market that can help US become a leading business partner.  AUCC members will also share their success stories to encourage more US companies to do business and invest in Uzbekistan.    


The American-Uzbekistan Chamber of Commerce (AUCC) is the only trade association in the United States and Uzbekistan that exclusively represents the business interests of U.S. companies active in the Uzbek market. Established in 1993 and based in Washington, D.C., AUCC is the first bilateral trade organization that successfully promotes trade and investment ties, cultural exchanges and bonds of friendship between the United States and the Republic of Uzbekistan.


In performing its functions, AUCC places primary emphasis on serving the needs and interests of its members, namely:  
The Boeing Company, Case New Holland Industrial, The Coca-Cola Company, FMN International, General Electric, General Motors, Harris Corporation, Honeywell, Indsur Stelcor, Inc., Lockheed Martin, Nukem Inc., Rio Tinto, Solar Turbines, Sustainment Solutions, Inc., White & Case LLP and Zeppelin International AG. These companies are united by one common cause: promotion of trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan.


Today, Uzbekistan represents the largest market in the Central Asia region with a population of almost 30 million people, an annual GDP growth of 8% and a well-established and diversified economy. American companies invested more than $500 million in the Uzbek economy during the period 1992 to 2012.  In addition, U.S. exports to the Republic of Uzbekistan amounted to more than $3.3 billion. The year 2012 is a good example when US exports to Uzbekistan totaled more than $285 million compared to $100 million in 2011 and $101 million in 2010.  In 2013, the trade levels continued to increase reaching a record $386 million.  During the first nine months of 2014, the US-Uzbekistan trade turnover amounted to $281 million.  While this is good news, the volume of U.S. exports and investments in this largest Central Asian market is lower than those of Uzbekistan's near neighbors, including Russia with its' 2013 exports to Uzbekistan reaching more than $7.1 billion; Сhina - $5.2 billion and Korea - $2.1 billion.  


To register and learn more about the forum, please click here.  Seating is limited.  


Please respond by Monday, October 5, 2015 to confirm your participation.


Admission Fee:


$00.00 - AUCC members ONLY and the US Government offices


$100.00 - All other companies and organizations


Cancellations received within 48 hours of the event are non-refundable. 

Click on the link below to register or RSVP.
Register Now!
For more information about the event, please contact AUCC office at or call us at 202-509-3744.  


Thank you for your attention and response.  We look look forward to seeing you on Tuesday, October 13, 2015. 


The American-Uzbekistan Chamber of Commerce


The American-Uzbekistan
Chamber of Commerce
1300 I Street, N.W.,
Suite 720W
Washington, DC 20005
phone: 202.509.3744