American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
May 15, 2015 - May 22, 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. 

 

Sincerely, 

 

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 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:

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.

The Korea Herald

May 22, 2015 

 

President Park Geun-hye will meet with Uzbek President Islam Karimov here next week to discuss ways to enhance cooperation in defense, infrastructure and other areas of mutual concern, Cheong Wa Dae said Friday.

The two leaders are set to meet on Thursday, the first day of Karimov's three-day trip here, the presidential office said in a statement.

The planned visit is the first foreign trip after Karimov won reelection in March, a move Seoul says illustrates Uzbekistan's commitment to developing ties with South Korea.  

He has so far visited South Korea seven times since 1991 when he was elected president in Uzbekistan following its independence from the Soviet Union.

The two leaders agreed to push for new joint projects in gas development and solar power during Park's visit to the Central Asia's most populous country in June last year.

Uzbekistan is South Korea's largest trading partner among Central Asian nations and home to the largest number of ethnic Koreans in the region.

Last year, two-way trade stood at $1.9 billion.

 

Azernews

May 21, 2015 

 

Uzbekistan plans to diversify its energy resources by virtue of bilateral cooperation with European countries.

Europe is in search of alternative supplies after its aggravated relations with Russia over the Ukrainian crisis. That brought Central Asia on the agenda of European energy policy.

Cooperation issues were discussed between Uzbek Foreign Minister, Abdulaziz Kamilov and Belgian Foreign Minister, Didier Reynders in Brussels during the twelfth session of Uzbekistan-EU Cooperation Council on May 17-20, 2015.

The sides discussed perspectives for bilateral cooperation in such spheres as politics, trade and economic, cultural, and humanitarian. They mentioned the importance of broadening bilateral cooperation in the small-and large-scale business sector.

Intensification of Uzbek-Belgian inter-parliamentary cooperation was in focus at a meeting with Belgian Parliamentary Chairman Siegfried Bracke.

Small business hold 41.7 percent of the national GDP in the Central Asian nation, compared to 41 percent fixed in the same period of 2014, according to the Economy Ministry and the State Statistics Committee.

Many leading European companies participate in the implementation of investment projects in Uzbekistan, as well as in tender procedures for the construction, reconstruction and modernization of the energy system.

Cooperation with Belgium can be encouraged through investments in Uzbek businesses.

The Protocol, envisaging an amendment to the Convention on avoidance of double taxation and prevention of tax evasion on income and capital, signed between Uzbekistan and Belgium on February 18, 2015, could strengthen bilateral business cooperation.

 

Azernews

May 20, 2015 

 

Uzbekistan's delegation headed by Foreign Minister Abdulaziz Kamilov met with Maros Sefcovic, the European Commission Vice President for the Energy Union May 18, the foreign ministry of Uzbekistan said.

They discussed the implementation of the Memorandum of Understanding on cooperation in the energy sphere between the EU and Uzbekistan.

The memorandum was signed during the Uzbek president's visit to Brussels in January 2011.

During the Uzbek delegation's visit to Brussels, the European side was informed about the state program adopted in Uzbekistan to ensure the structural energy reforms, to modernize and to diversify the production in 2015-2019.

It envisages the implementation of 870 large investment projects worth $ 38 billion.

The views on some regional issues were exchanged at the meeting.

Uzbekistan's delegation headed by Kamilov will attend a meeting of the Uzbekistan - European Union Cooperation Council.

The program of the visit also includes the talks with Edgars Rinkevics, foreign minister of Latvia presiding in EU, Didier Reynders, Belgian foreign minister, the meetings with other officials.

At present, the relations with the European countries are being developed on a bilateral level and as part of the Partnership and Cooperation Agreement among Uzbekistan, the European communities and their member-states, which entered into force on July 1, 1999.

There are five joint Uzbekistan-EU bodies: the Cooperation Council, the Cooperation Committee, the Parliamentary Cooperation Committee, the Subcommittee on Trade and Investments, the SubCommittee on Justice, Home Affairs, Human Rights and related issues in Uzbekistan.

 

AUCC

May 22, 2015 

 

INVITATION TO ATTEND

 

2015 U.S.-UZBEKISTAN ANNUAL BUSINESS FORUM 

 

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

 

UZBEKISTAN KEYNOTE SPEAKER:

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

Ms. Laura Tuck, Vice President for Europe and Central Asia, World Bank (invited) 

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 info@aucconline.com

 

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.    
AGENDA:

 

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 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, October 13, 2015. 
 
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