American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
May 29, 2015 - June 5, 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 [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:

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.

Azernews

June 4, 2015 

 

Uzbekistan plans to increase the volume of cargo traffics to maintain growth of GDP at the level of 8 percent.

Thus, cargo traffics should annually increase on average to 9.2 percent, said Bakhtiyor Ergashev, project coordinator of the Uzbekistan Center for Economic Research at the international conference "Transport corridor Uzbekistan - Latvia - EU states : new opportunities and perspectives" in Tashkent on June, 3.

Bakhtiyor said that cargo traffics should increase by 4.4 times and reach up to 6.04 billion tons over the next fifteen years.

He also mentioned investment issues in the framework of the conference.

In his opinion, the share of investments in the transport sector should increase from 3.35 percent in 2013 to 4.6 percent in 2030 relative to GDP. So, Uzbekistan should invest $46.7 billion to increase cargo transportation to 2030, according to CER experts.

Uzbekistan is completely surrounded by landlocked nations, as one of the doubly landlocked states of the world. In the result, prices of products from Uzbekistan increase due to extra expenses for transportation. This fact made Uzbekistan actively work on developing transport corridors to simplify export and imports of goods.

The conference was aimed at establishing efficient transport communications between Uzbekistan-Latvia and Uzbekistan-EU states as well as determining perspective transport routes, exchange experience in logistic management and so on.

Following the conference, participants discussed perspectives of interaction between Latvia and Uzbekistan in transport policy, the Great Silk Road project and transit of cargoes from Central Asia to the EU via Latvia.

Earlier, Uzbekistan planned to direct about $10 billion to projects on development of roads and railways, logistics centers and communications. The implementation of over 150 projects is provided within the program of development and modernization of production infrastructure in Uzbekistan for 2015-2019.

 

United Nations

June 5, 2015 

 

The following is a near-verbatim transcript of today's noon briefing by Stéphane Dujarric, Spokesman for the Secretary-General.

Good afternoon.  Apologies to all of you who had expected the Queen of the Netherlands to be here, she will be here tomorrow.  We had a calendar malfunction, but she will be here tomorrow.

**Secretary-General's Travels

For today, I can tell you that the Secretary-General will depart New York on Saturday evening, 6 June, for a trip that will take him to Germany and Central Asia.  His first stop is Germany, where he will attend the official inauguration of the extension building of the World Conference Center in Bonn on 7 June.  Following that on 8 June, he will travel to Schloss Elmau to take part in meetings on terrorism and development at the Summit of G7 meeting with G7 partners.  While in Germany, he will also meet with Chancellor Angela Merkel and Foreign Minister Frank-Walter Steinmeier.

On Tuesday, the Secretary-General will arrive in Tajikistan, where he will attend the opening ceremony of the High-level International Conference on the implementation of the International Decade, "Water for Life".  While in the capital, Dushanbe, he will also meet with President [Emomali] Rahmon and will visit Lake Sarez.  The following day, 10 June, the Secretary-General will visit Kazakhstan, where he will participate in the fifth Congress of Leaders of World and Traditional Religions.  He will also meet with President [Nursultan] Nazarbayev, Prime Minister [Karim] Massimov, Foreign Minister [Erlan] Idrissov, and Speaker of the Senate Kassym-Jomart Tokayev.

The Secretary-General will then travel on to Kyrgyzstan, on 11 June, he will attend the opening of the International Conference on "Development of Parliamentarianism".  He will also hold talks with President [Almazbek] Atambaev, Prime Minister Temir Sariev and the Speaker of Parliament, [Asilbek] Jeenbekov, and visit the city of Osh, where he will meet with civil society representatives and local authorities.

On 12 June, he will travel to Uzbekistan, where he will meet with the country's top officials, including President [Islam] Karimov and Foreign Minister [Abdulaziz] Kamilov.  The Secretary-General's final stop in Central Asia will be Turkmenistan, where he will meet with the President and other senior officials.  He will also address faculty and students at the International University for Humanities and Development in Turkmenistan.

 

Azernews

June 1, 2015 

 

South Korean GS Engineering & Construction and Uzbekistan's National Holding Company Uzbekneftegaz will jointly construct a gas chemical complex worth $4.5 billion in Uzbekistan.

This was noted in a memorandum of understanding signed during Uzbek President Islam Karimov's state visit to South Korea on May 27-29, a source in Uzbekistan's government circles told Trend.

The project envisages the creation of capacities for the production of olefins from methanol.

GS Engineering & Construction is one of the general contractors for the construction of the Ustyurt Gas Chemical Complex at Uzbekistan's Surgil field.

This is the first official visit of Islam Karimov abroad since his reelection to the presidency in March election.

President Karimov's visit to South Korea is perceived as a logical and natural continuation of high level ties, showing mutual political will to give more dynamism to practical collaboration in all cooperation areas.

Uzbekistan is South Korea's largest trading partner in Central Asia. A large diaspora of ethnic Koreans in the region lives here.

Trade-economic and investment cooperation have been steadily developing between Uzbekistan and Korea. The two countries have established the most-favored-nation regime in the sphere of economy.

In 2014, the trade turnover volume between the two countries amounted to $1.9 billion.

 

AUCC

June 5, 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)

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 [email protected]

 

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 [email protected] 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
 
[email protected]

www.aucconline.com