American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
August 21, 2015 - August 28, 2015
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Dear AUCC Members and Friends:

 

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.
August 27, 2015 

Uzbek Foreign Minister Abdulaziz Kamilov and Deputy Assistant Secretary for South and Central Asia at the US Department of State Daniel Rosenblum discussed prospects of intensification of Uzbek-US dialogue in Tashkent Aug.27, the message of the Foreign Ministry of Uzbekistan said August 27.
The sides exchanged views on the state and prospects of Uzbek-US dialogue intensification in the political, trade-economic, investment, humanitarian and other fields of mutual interest at the meeting.
During the meeting, the sides discussed some issues of international and regional policy as well.
US Ambassador to Uzbekistan Pamela Leora Spratlen took part in the meeting.

August 27, 2015 

Uzbekistan has taken its first major steps towards setting up large-scale solar power projects.
The central Asian country has announced that work on three large-scale solar power projects has been initiated. The total installed capacity of these projects would be 300 MW, and will require an estimated investment of nearly $700 million.
According to media reports, at least one of the projects was announced through a tender in 2014, and will require an investment of $274 million to be developed in the Samarkand region. The winner of the tender has not been announced yet and will be finalised soon by Uzbekenergo Joint Stock Company.
The other two projects will be set up in the Namangan and Surkhandarya regions, with aggregate costs of about $420 million. The Asian Development Bank and the Uzbek Fund for Reconstruction and Development will finance the projects.
All three projects are expected to be operational by 2020.
Uzbekistan is rich in renewable energy resources, including wind and solar energy. Wind energy potential is estimated at around 520 GW, enough to meet a quarter of the country's energy needs. It is imperative for Uzbekistan to increase energy production from renewable energy sources as it is almost completely dependent on oil and gas imported from Russia.
The first solar power project in the country was commissioned in December 2014. The 130 kW solar photovoltaic power project was set up in the Namangan province. The project was implemented through cooperation with South Korean companies.
Uzbekistan has set a target to generate 21% of all its energy from renewable energy sources by 2031. This includes having an installed solar power capacity of 2 GW in the near to medium-term. 

August 26, 2015 

UZBEKISTAN Railways (UZ) has completed the electrification and modernisation of the 140.8km line linking Samarkand with Qarshi in the southwest.In addition to electrification, the work included rehabilitation of 9km of line, realignment of six sections totalling 16km, installation of 54 new turnouts, reconstruction of Qarshi station, and resignalling.
The $US 325m project, which has taken nearly three and a half years to complete, was funded with $US 111m from UZ, a $US 100m Asian Development Bank loan, and the remainder from the state budget.
The work has increased the maximum speed to 160km/h, cutting the 511km Tashkent - Samarkand - Qarshi journey time from 6 hours to 3 hours for Talgo trains and 4 hours for conventional passenger trains.
UZ is currently electrifying the Samarkand - Buhara line as part of a plan to electrify around 2000km of lines.

August 24, 2015 

Uzbekistan launched projects worth $700 million for three solar power plants that will pioneer use of the technology in Central Asia, state power utility Uzbekenergo said on Monday.
A producer of crude oil and natural gas, Uzbekistan relies on thermal plants for up to 90 percent of its electricity.
The 300 megawatts of clean energy from the solar plants, which are due for completion by 2020, will make up a tiny fraction of the country's total energy capacity of around 10 giga.  

AUCC

August 28, 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 7/17/2015):

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)
 
Mr. Daniel Rosenblum, Deputy Assistant Secretary for Central Asia, Bureau of South and Central Asian Affairs, US Department of State (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
 
1030 15th Street, N.W.,
Suite 555W
 
Washington, DC 20005
 
phone: 202.509.3744
 
[email protected]

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