» AUCC INTRO

The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

» Congratulatory Letter from President Islam A. Karimov on the AUCC 20th Anniversary


» For English Translation,
please click here

» Congratulations from Vincent C. Gray, Mayor of the District of Columbia

Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

Get Flash to see this player.

» AUCC events

» Contact us

NEWS

AUCC Members Increase Bilateral Trade and Investments with Uzbekistan

www.aucconline.com
7 March 2014

In 2013 the AUCC members, in keeping with a long-standing tradition of sharing their business plans with the people of the US and Uzbekistan, proposed several mid to long-term joint projects and contracts in the machinery-building, automotive, mining and other industries that were estimated at a total value of $4 bn.  As of today, several AUCC members have reported progress with their proposed plans. Speaking on behalf of the chamber, Ms. Carolyn Lamm, AUCC Chairperson, noted that: "We are delighted to see our members moving forward with their plans. All companies of AUCC are willing and eager to do more. We hope to see similar positive developments in regard to other projects offered by our members.  We strongly rely on our Uzbek partners and colleagues' help implement them."

General Motors (GM), a leading US investor in Uzbekistan since 2007, is moving forward with a new manufacturing plant in the Khorezem region. The project is estimated at $67 million and will be the company's fourth manufacturing plant with their local partner, "Uzavtosanoat" JSC. The company currently builds a range of vehicles in the Asaka Plant in the Andijan region, an SKD assembly plant in Tashkent and a new state-of-the-art engine plant, GM Powertrain Uzbekistan, in the Tashkent region. Case New Holland is in discussions with their Uzbek partners on how to further integrate Uzbekistan's production platform into its' industrial network of modern technology, management techniques, quality standards and customer care processes.  They are undertaking continuing investments, resulting in introduction of new products into industrial production in Uzbekistan such as Tractor Loader Backhoes and both large and small tractors. The company has been operating four joint ventures UzCaseMash, UzCaseTractor, UzCaseService and UzCaseAgroLeasing since 1997 and is well recognized as a flagship US investor. Another AUCC member, Rio Tinto, welcomed Uzbekistan's support for implementation of its' first year exploration program for copper and associated metals at the Gava licensed area in the Namangan region. Currently, the results of this work are being reviewed and a follow-up programme of exploration work is presently being planned and discussed with the relevant authorities.

AUCC President, Mr. Tim McGraw, concluded that: "There is nothing more convincing to a cohort of new US investors and companies than seeing successes by our members. We hope to see more American companies in the Uzbek market as a result of such significant progress. We highly commend the US and Uzbek governments for turning our trade relations into a pillar of the bilateral agenda." Established in 1993, the American-Uzbekistan Chamber of Commerce (AUCC) is a trade association of US companies operating in Uzbekistan and calling for expansion of trade and investment relations with this important Central Asian market.