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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.

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

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NEWS

U.S. Starts Gas Production in Uzbekistan

www.azernews.az/
15 March 2019
Located in Central Asia, Uzbekistan is endowed with rich hydrocarbon resources. The country has developed a program for the oil and gas industry development until 2020. The program provides for an increase in hydrocarbon reserves in 2014-2020. |read|

European Union Supports Uzbekistan's Accession to World Trade Organization (WTO)

eeas.europa.eu/headquarters/headquarters-homepage_en
15 March 2019
On Wednesday 13 March 2019, representatives of governmental agencies in Uzbekistan met in Tashkent to discuss Uzbekistan's World Trade Organization (WTO) Accession process and prioritization of their needs. The aim of the Roundtable was to provide an overview on the law and practice for acceding to the WTO, and identify Uzbekistan's key needs in order to prioritize the technical assistance activities for the European Union funded project that will be implemented by the International Trade Centre (ITC). There are currently 164 Members of the WTO, accounting for about 96% of world trade. |read|

Uzbekistan Parliament Approves New Nuclear Energy Law

kazakh-tv.kz/en/
15 March 2019
Former Soviet Union country, Uzbekistan is turning to nuclear energy to power its economy as the landlocked country has an abundance of uranium and big economic ambitions. As the energy demand and population of the country continue to rise, a nuclear energy law has been approved recently by the members of the Lower House of Uzbek Parliament in order to develop unified state policy on the establishment and peaceful use of nuclear energy. Member of Oliy Majlis of the Uzbek Parliament, Zhamshid Pirmatov said the energy law is the first of its kind in the history of Uzbekistan. |read|

U.S.-Uzbek Annual Bilateral Consultations: A New Era of Strategic Partnership

uz.usembassy.gov/
4 March 2019
U.S. Department of State South and Central Asian Affairs Principal Deputy Assistant Secretary, Ambassador Alice Wells and Foreign Minister of the Republic of Uzbekistan Abdulaziz Kamilov led a successful session of the U. |read|

World Bank Optimistic About Uzbekistan

thediplomat.com/
4 March 2019
World Bank officials are optimistic about Uzbekistan. The Bank's vice president for Europe and Central Asia, Cyril Muller, made a two day visit to Tashkent this week, meeting with President Shavkat Mirziyoyev and other government officials. The visit underscores Uzbekistan's continued march in from the periphery of international affairs. |read|

USAID Supports Energy Sector of Uzbekistan

www.azernews.az/
4 March 2019
Uzbekistan is an important partner of the United States in ensuring stability, prosperity and security in the region of Central Asia. The U.S. provides security assistance to Uzbekistan to advance these goals. |read|

Uzbekistan Central Bank Looks to Increase Gold Reserves to 430 Tonnes in Five Years

www.kitco.com/
4 March 2019
After last year's unprecedented central-bank demand for gold, another nation is jumping into the marketplace to build its gold reserves over the next five years. According to international media reports, Uzbekistan expects to increase its gold reserves to 430 tonnes between 2020 and 2024 as the country looks to develop its domestic gold deposits. The reports said that purchase could start this year as the central bank plans to buy 81. |read|

REMINDER: Private Roundtable Discussion with the US and International Financial Institutions on Financial Instruments for Uzbekistan and Central Asia

www.uzbekistan.org/
25 February 2019
When Thursday, February 28, 2019 12:30pm - 2:00pm (light lunch will be served) White & Case LLP 701 13th Street NW Washington, DC 20005 RSVP by Monday, February 25, 2019 |read|

Uzbekistan Seeks $300 mln Loan from Russia's Gazprombank for Gas Complex

www.reuters.com/
22 February 2019
Uzbekistan is seeking a $300 million loan from Russia's Gazprombank as it wants to increase output at its state-run Shurtan gas and chemical complex, the president's office said on Thursday. The complex, which produces polyethylene, is operated by Uzbekistan's state oil and gas company Uzbekneftegaz, a strategic partner of Russian state gas company Gazprom which is a major shareholder in Gazprombank. |read|

Uzbekistan's Foreign Trade Turnover Worth $ 3.35 Billion

www.azernews.az/
22 February 2019
The economy of Uzbekistan is one of the largest in the Central Asian region. In recent years, the Uzbek economy has been actively developing and showing high results of stable growth. The foreign trade turnover of Uzbekistan amounted to $ 3. |read|

Uzbekistan May Join WTO within Two Years

www.azernews.az/
22 February 2019
Deputy Director General of the World Trade Organization Alan Wolff stated that Uzbekistan can join the World Trade Organization within two years, Trend reports via Uzbek media. "The process of accession to WTO has just begun. It requires internal reforms, the opening of the economy, which are already happening. |read|

Moody’s Assigns its First Uzbekistan Long-Term Issuer Rating at ‘B1

www.intellinews.com/
15 February 2019
Moody's Investors Service assigned its first ever long-term issuer rating to the Uzbek government at B1 with a stable outlook on February 13 ahead of the Uzbek Eurobond debut on the same day. The agency also assigned a provisional rating of (P) B1 to the Uzbek government's forthcoming medium-term note programme and a B1 rating to the planned drawdown from the programme. The rating comes after S&P Global Ratings and Fitch Ratings assigned their issuer ratings for Uzbekistan in December at 'BB-'. |read|

Uzbekistan Emerges From Isolation with $1 Billion Bond Sale

www.bloomberg.com/
15 February 2019
Uzbekistan sold $1 billion of Eurobonds in its first foray into international debt markets as the ex-Soviet republic opens its economy to foreign investment after more than two decades of isolation. The placement is a key milestone for Uzbek President Shavkat Mirziyoyev, who aims to set a benchmark for corporate issuers as he steers the country of more than 30 million people down a more market-friendly route following the death of long-time ruler Islam Karimov in 2016. With developing-nation issuers rushing to market this year, the Uzbek offering is reminiscent of the successful 2017 sale by neighboring Tajikistan, which became a byword for the hunt for yield that year. |read|

Global Business Conference: March 7th at Drexel University

www.lebow.drexel.edu/
15 February 2019
Invitation to register for the Global Business Conference by the World Trade Center of Greater Philadelphia. For more information, please contact: |read|

New Speaker Added: Uzbekistan's New Face and The Long Game: Western Strategy in the Caucasus and Central Asia

www.silkroadstudies.org/
15 February 2019
Organized by: and (a member of AUCC) Invitation Uzbekistan's New Face and The Long Game: Western Strategy in the Caucasus and Central Asia |read|

INVITATION: Discussion with Chairman Frederick Starr and Director Svante Cornell, Central Asia-Caucasus Institute at the American Foreign Policy Council

www.silkroadstudies.org/
14 February 2019
and (a member of AUCC) Friday, February 22, 2019 12:30pm - 2:00pm (catered lunch featuring Uzbek cuisine) White & Case LLP 701 13th Street NW |read|

INVITATION: Private Roundtable Discussion with the US and International Financial Institutions on Financial Instruments for Uzbekistan and Central Asia

www.uzbekistan.org/
12 February 2019
Thursday, February 28, 2019 12:30pm - 2:00pm (light lunch will be served) White & Case LLP 701 13th Street NW Washington, DC 20005 RSVP by Monday, February 25, 2019 |read|

Boeing to Provide Uzbekistan Airways with Landing Gear Services

www.prnewswire.com/
11 February 2019
DUBAI, United Arab Emirates, Feb. 11, 2019 /PRNewswire/ -- Boeing [NYSE: BA] reached an agreement with Uzbekistan Airways to provide services that will enable the airline to more efficiently and effectively maintain its 787-8 Dreamliner fleet through the Boeing Landing Gear Exchange program. The flag carrier of the Republic of Uzbekistan will rely on Boeing to support its fleet with quick and reliable landing gear exchanges when and where they need them. |read|

First Round on Agreement Negotiations between Uzbekistan, EU Ends

www.azernews.az/
8 February 2019
The first round of negotiations on the Agreement on Extended Partnership and Cooperation (EPC) between Uzbekistan and the EU was held in Tashkent on February 4-7. Deputy Foreign Minister of Uzbekistan Dilshod Akhatov and Deputy Managing Director of the European External Action Service Luke Devin led representative delegations of the parties. The press service of the Foreign Ministry said that the parties came to a common understanding on the draft Agreement structure and, divided into three groups, discussed in detail and constructively all sections of the draft document, identifying possible mutually acceptable provisions. |read|

Uzbekistan Establishes Ministry of Transport

en.trend.az/
8 February 2019
Uzbekistan has established the Ministry of Transport, Trend reports citing the Uzbek presidential decree. The ministry will be responsible for development and implementation of a unified state policy for the development of road, rail, air and river transportation, metro as well as road facilities. It will also regulate transportation activities by adopting regulations, issuing licenses and permits, conducting certifications, effective technical and tariff policies. |read|

WB Vice-President to Visit Uzbekistan

www.azernews.az/
8 February 2019
Cyril Muller, Vice-President of the World Bank for Europe and Central Asia, intends to visit Uzbekistan in March this year to discuss the most promising projects, Trend reports via the Uzbek media. Negotiations were held in Washington between a delegation of Uzbekistan, composed of Vice Premier Tanzila Narbayeva, Minister of Employment and Labor Relations Sherzod Kudbiyev and Chairman of the Uztextileprom Association Ilkhom Haydarov with Cyril Muller, where he told about his intentions to visit Uzbekistan. During the negotiations, Muller noted the possibility of cooperation in three main areas. |read|

US Assistant Secretary of State for South, Central Asian Affairs to Visit Uzbekistan

en.trend.az/
8 February 2019
The US First Deputy Assistant Secretary of State for South and Central Asian Affairs Alice Wells to visit Uzbekistan, Trend reports with reference to the Uzbek Ministry of Foreign Affairs. This was announced after the talks of Uzbek delegation headed by Deputy Prime Minister Tanzila Narbayeva with Alice Wells in Washington. Wells welcomed the intensification and expansion of country's interaction with international non-governmental organizations. |read|

Uzbekistan Lifts Ban on "Confidential" State Data on Minerals

www.xinhuanet.com/english/home.htm
4 February 2019
Uzbekistan has annulled the confidentiality of information concerning the country's mineral reserves, their annual production and sales, as well as foreign and internal debts, Uzbek justice ministry said Monday. A government decree that lifts restrictions on the publication of the information on the dynamics of gold, silver and other non-ferrous and rare earth metals mining has been approved by the Cabinet of Ministers, according to the country's justice ministry. Under the decree, Uzbekistan will start publication of information on the country's mineral reserves, mining and sales volumes and the distribution of funds derived from the sales. |read|

Uzbekistan Simplifies Bankruptcy Procedure

www.azernews.az/
4 February 2019
Uzbekistan approved a number of measures to drastically simplify the bankruptcy procedure, Trend reports via a new decree of the head of state. Now, judicial managers are appointed from among persons who have a fourth category judicial certificate and are members of the Uzbekistan Association of Judicial Managers when carrying out a simplified bankruptcy procedure instituted by the state tax services. The activities of judicial managers can also be carried out by lawyers who have licenses with a specialization in civil and economic legal proceedings and who have received a certificate of judicial manager. |read|

Uzbekistan Improves Position in OECD Credit Risks Classification

www.azernews.az/
4 February 2019
Uzbekistan improved its position and moved to the fifth group in the updated classification of OECD country credit risks, Trend reports via Uzbek media. The Organization for Economic Cooperation and Development (OECD) classification of country credit risks was updated on February 1. Uzbek Ministry of Finance states that Uzbekistan moved from the sixth to the fifth group in the new classification. |read|
» 18 January 2019: Uzbekistan turns to nuclear energy to power economy
» 18 January 2019: signs long-term contract with Uzbekistan for uranium
» 17 January 2019: INTERVIEW: Uzbekneftegaz remaking Uzbekistan’s energy sector
» 16 January 2019: Uzbekistan, Germany sign contracts for $ 4B
» 11 January 2019: AUCC Welcomes MIR Corporation as Newest Member
» 11 January 2019: Uzbekistan govt outlines plan to develop telecom networks
» 5 January 2019: Uzbekistan introduces a visa-free regime for citizens of another 45 countries from 1 February
» 4 January 2019: Uzbekistan Airways SWOT: opportunities and challenges after reforms
» 4 January 2019: Uzbekistan appoints banks for international debt market debut
» 4 January 2019: Viewpoint: The logic of nuclear power for Central Asia
» 31 December 2018: Address by Uzbek President Shavkat Mirziyoyev to Oliy Majlis
» 24 December 2018: End of the Year Address by AUCC Leadership
» 18 December 2018: Invitation: Uzbekistan and Advancement of Religious Freedom
» 14 December 2018: Russia to develop two large HPPs in Uzbekistan
» 14 December 2018: Uzbekistan laying railway line to increase regional trade, connectivity
» 14 December 2018: Tashkent City reveals details of Uzbekistan's highest hotel
» 14 December 2018: Pompeo removes Uzbekistan from "Country of Particular Concern" list
» 6 December 2018: The World Bank Welcomes the Economic Reform Priorities of the Government of Uzbekistan over the Next Three Years
» 26 November 2018: Invitation to Philadelphia Roundtable with Uzbek Ambassador H.E. Javlon Vakhabov - December 12, 2018
» 21 October 2018: Final Agenda: U.S.-Uzbekistan Annual Business Forum - October 23 in Tashkent
» 12 October 2018: AUCC Welcomes Procter & Gamble as Newest Member
» 12 October 2018: U.S. Secretary of Commerce Wilbur L. Ross, Jr. to deliver keynote address at 2018 U.S.-Uzbekistan Annual Business Forum: October 23 in Tashkent
» 3 October 2018: INNOWEEK - October 22-26, 2018 in Tashkent, Uzbekistan
» 2 October 2018: AUCC Welcomes Eli Lilly Eli Lilly and Company as Newest Member