American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
June 5, 2015 - June 12, 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 18, 2015 

 

Russian Lukoil Company increased investment in exploration and production of gas in Uzbekistan by 20 percent in the first quarter of 2015.

The company said the volume of capital expenditures increased to $160 million in January-March 2015 against $133 million in the same period last year.

"The volume of gas production abroad increased by 10.2 percent compared to the first quarter of 2014 mainly due to increase of production in Uzbekistan and Azerbaijan," Lukoil said.

However, the company didn't reveal the volume of gas production in Uzbekistan in the first quarter of 2015.

Lukoil is carrying out production in Uzbekistan at two contract areas - at the Hauzak-Shady field in Bukhara region and at the Hissar group of fields in Kashkadarya region.

The 'Kandym early gas' project envisaging the development of Kuvachi-Alat and North Shady fields is being actively implemented.

Lukoil plans to put into operation the major facilities in 2017. The designed gas production level is 4.8 billion cubic meters per year. Aside from these projects, Lukoil also participates in the project for development of the Aral block in Uzbekistan.

The total cumulative volume of investments made by Lukoil in Uzbekistan exceeded $3.5 billion. The company plans to invest in the projects a total of over $8 billion and increase the annual gas production volume to 18 billion cubic meters by 2016.

 

Yibada

June 17, 2015 

 

On Monday, June 11, First Deputy Prime Minister Rustam Azimov of Uzbekistan and top Chinese security official Meng Jianzhu met to discuss further strengthening and expansion of economic cooperation and trade between the countries they represent. Under the so-called "Belt Initiatives," the two nations hope to deepen all-around cooperation as well as economic and cultural ties.

The two leaders reached an agreement during the third meeting of the China-Uzbekistan Intergovernmental Committee of Cooperation, which was held in Rizhao, Shandong Province.

"Co-building the Silk Road Economic Belt will present a major opportunity for developing China-Uzbekistan relations," said Meng Jianzhu, who also serves as the head of the Commission for Political and Legal Affairs of the Communist Party of China (CPC) Central Committee.

In the opening ceremony of the China-Uzbekistan trade and economic forum, Meng also expressed that China and Uzbekistan should push for greater bilateral cooperation.

Other factors that will boost ties between the two nations, according to Meng, include trade structure optimization, cooperation scale expansion, infrastructure building, and the assurance of smooth trade between the two countries.

A deepened political mutual trust as well as being aware of the other's development strategies will also help achieve the goal of stronger all-round cooperation.

On the other hand, Uzbekistan, under the representation of Rustam Azimov, promised to actively participate in all efforts under the "Belt Initiatives" framework to further bolster relations with China. The First Deputy Prime Minister also added that China has always been a trustworthy friend and partner of Uzbekistan.

A memorandum was signed by Meng and Azimov after the two-hour meeting.

The China-Uzbekistan Intergovernmental Cooperation Committee was established in 2010 as a mechanism that will aid all-around cooperation and help cement bilateral strategic partnership between the two sovereign states.

 

Jahon

June 13, 2015 

 

As was previously reported, the Secretary-General of the United Nations (UN) Ban Ki-moon arrived in Tashkent on an official visit.

Today, the President of Uzbekistan Islam Karimov received the UN chief at Kuksaroy. During the meeting the sides discussed the state and prospects of bilateral cooperation, issues of regional and international character.

The head of our state, having welcomed the high guest, praised the contribution of the United Nations under the leadership of Ban Ki-moon to ensure peace and stability in the world.

Islam Karimov stressed that the United Nations today is unique and is the only organization in the world that is engaged in solving problems at the global level, and expressed the hope that the organization will not only preserve but also strengthen its role on the world stage.

Issues of strengthening peace in Central Asia, cooperation between countries in the region in the fight against international terrorism, extremism and radicalism were also discussed at the meeting.

In turn, the UN Secretary-General thanked the head of our state for the warm welcome and hospitality, and praised the leadership of Islam Karimov in solving regional problems and promoting peace and stability, as well as the initiatives taken at the international level.

In our country, representations of a number of UN agencies such as the World Health Organization, United Nations Educational, Scientific and Cultural Organization, World Bank, Food and Agriculture Organization, UNICEF, UNFPA, Development Programme, the Office on Drugs and Crime, Joint United Nations Programme on HIV / AIDS are functioning. Together with these organizations implemented more than 440 projects. At present there are more than 70 projects.

- In Uzbekistan, you know very well as a prominent politician, who for many years has consistently implements active and fruitful activity on international security, promotion of the ideas of a nuclear-free world, solving urgent for all humanity of sustainable development, as well as the many pressing global problems, environmental, social or humanitarian character than earned well-deserved prestige and recognition of the international community - Islam Karimov noted.

An important place in the UN takes to achieve high Millennium Development Goals, which were comprehensive guideline for all States in the last fifteen years, as well as upcoming new agenda for the future - sustainable development.

- Your current visit to Central Asia and, in particular, to the Republic of Uzbekistan, as the head of the UN will provide an excellent opportunity to get acquainted with the prevailing situation in the region and exchanged views on issues of concern us all topical issues, - the President of our country said. - First and foremost, is a cause of serious concern for the growth of radicalization of conflict and violence, strengthening political and economic confrontation, the ongoing global financial crisis globally. In an increasingly difficult global environment, we consider the United Nations as the only universal international organization for the maintenance of global security and stability, a unique structure to address the many complex inter-state and international issues.

- Uzbekistan has made significant progress in achieving the Millennium Development Goals, the rule of law and protection of human rights, protection of motherhood and childhood, improving the education system - Ban Ki-moon said. - All these achievements are the result of sustainable and people-oriented socio-economic reforms.

The Secretary-General emphasized the interest of the United Nations to further strengthen cooperation with Uzbekistan.

The sides discussed a wide range of issues of regional and international issues, identified priorities of further development of cooperation between Uzbekistan and the United Nations and its specialized institutions and agencies.

The distinguished guest welcomed the active participation of Uzbekistan in the multilateral discussions within the United Nations and its contribution to the solution of regional and global issues. In particular, the UN Secretary-General praised Uzbekistan's contribution to the achievement of stability and development in Afghanistan.

Ban Ki-moon emphasized the efforts of Uzbekistan, which, as a friendly neighbor of Afghanistan, has extensive assistance to achieve these objectives. Our country, with the support of international financial institutions, in particular, the ADB is implementing projects for the construction of transport communications, provides electricity to the population of Afghanistan and implement the delivery of humanitarian aid.

The parties noted that the only solution to the Afghan problem - it is the political negotiations and the achievement of internal consensus and agreement, the creation of an enabling international environment, the continuation of financial and humanitarian support and active participation of the United Nations.

Islam Karimov said that Uzbekistan, attaching great importance to have close partnership with the UN and its institutions, is ready for the progressive development of effective cooperation. Including the Millennium Development Goals by the end of the year and the goals of sustainable development, which will be adopted at the forthcoming General Assembly.

Ban Ki-moon expressed confidence that interaction between the UN and Uzbekistan will become even more productive. The signing of the framework of the United Nations Development Assistance Framework for 2016-2020 years is an important milestone.

The Secretary-General of the United Nations Ban Ki-moon on the same day visited Bukhara and familiarized with historical monuments and modern buildings of the city.

 

AUCC

June 19, 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)
 
PARTICIPANTS FROM UZBEKISTAN

Uzbekneftegaz (oil and gas industry)
Uzbekimyosanoat (chemical industry)
Uzfarmprom (pharmaceutical industry)
Uzbekenergo (energy)
Uzavtosanoat (automobile industry)
Uzeltechsanoat (electromechanical industry)
Uzstroimateriali (building and construction industry) 
Oziq-ovqatsanoat(food industry)

This list is tentative and there might be changes.   
 
US GOVERNMENT SPEAKERS
(as of 6/12/2015):

Mr. Michael Delaney, Assistant US Trade Representative, USTR (confirmed) 

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. Nisha Biswal, Assistant Secretary of State, South and Central Asian Affairs, US Department of State (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 [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]

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