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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US Air Products and Chemicals company to help Uzbekistan set up carbon dioxide production

12 December 2019
The Air Products and Chemicals company will help create production of pure carbon dioxide (CO2) on the basis of Navoiazot JSC in Uzbekistan, Trend reports citing the press service of Uzbekistan's Uzkimyosanoat JSC chemical company. The new highly efficient production is designed to produce 120,000 tons of pure carbon dioxide per year. The construction of a new facility is scheduled for 2020-2021, according to the press service. |read|

Uzbek plant starts selling its shares

12 December 2019
Jizzakh Plastic JSC, one of the largest enterprises in Uzbekistan, has launched the second public offer of shares, Trend reports citing the Uzbek media. A share of 25 percent of the authorized capital of the company will be sold to foreign and national investors (legal entities and individuals) at a price of 36 cents to $3 per share. At the same time, one person can purchase up to 11,402 shares, which is 1 percent of the offer. |read|

A New Effort To Guarantee Private Property In Uzbekistan

12 December 2019
On November 20, 2019, the Resolution of the President of the Republic of Uzbekistan No. PP-4525 "On measures to further improve the business environment and advance the entrepreneurship support system in the country" (hereinafter referred to as the "Resolution") was published. The Resolution was adopted with the aim of further improving the business environment, to provide even greater freedom of entrepreneurship, as well as ensuring the proper application of already adopted legislative Acts. |read|

Uzbekistan, U.S., Afghanistan hold consultations on regional cooperation

12 December 2019
The trilateral meeting of the delegations of Uzbekistan, United States and Afghanistan was held on the sidelines of the 8th Heart of Asia-Istanbul Process Ministerial Conference, the Foreign Ministry of Uzbekistan said. The delegation of Uzbekistan was led by President's Special Representative for Afghanistan Ismatulla Irgashev, U.S. |read|

IBRD finances Uzbekistan’s plant modernization

11 December 2019
Uzbekistan began subproject on modernization of production of the Chemical Precipitated Chalk Plant in Andijan, funded by the International Bank for Reconstruction and Development (IBRD), Trend reports citing the press service of the Ministry of Economy and Industry of Uzbekistan. The main objective of this subproject is to improve the production of chemical precipitated chalk with the replacement of existing equipment with modern generation equipment for the production of 21,000 tons of calcium carbonate per year. The project cost is $2 million, $1,117 million of which account for IBRD funds. |read|

Epsilon lays 45 km of pipes for new gas pipelines in Uzbekistan

11 December 2019
The US Epsilon Development Company, together with Uzbekistan's Uzbekneftegaz oil and gas company, is expanding the gas pipeline infrastructure of Uzbekistan to ensure uninterrupted supply of the entire extracted volume to the population in the winter, Trend reports with reference to the company's message. The construction of three gas pipelines is ongoing: Nazarkuduk-Shurtanneftegaz (67 km); Tandircha-Shurtanneftegaz (45 km); Chigil-Mubarek Gas Processing Plant (110 km). As of December 10, 33,300 tons of pipes were shipped, 21,800 tons were delivered, 62. |read|

Construction of toll roads in Uzbekistan expected since 2021

11 December 2019
President Shavkat Mirziyoyev has approved the roadmap for construction of toll roads as public-private partnership projects. Construction of two toll tunnels on the Kamchik pass (Tashkent and Namangan regions) and Tahtakarachi pass (Kashkadarya) and 3 toll roads - Syrdarya-Bakht bypass road, Tashkent-Samarkand and Tashkent-Andijan. The roadmap suggests attraction of specialist of the World Bank and European Bank for Reconstruction and Development as consultants. |read|

Fitch affirms Uzbek capital’s credit rating at 'BB-'

10 December 2019
Fitch Ratings international rating agency affirmed Uzbekistan's capital of Tashkent's long-term credit rating in foreign and national currencies at "BB-" with a stable outlook at the level of sovereign rating, Trend reports citing the agency. Moreover, the assessment of resistance to debt load is confirmed at the level of "AA". Fitch first assigned Tashkent a long-term credit rating of "BB-" in June 2019. |read|

S&P affirms ratings of Uzbekistan’s bank at 'B-/B’

10 December 2019
Standard and Poors' (S&P) Global Ratings said today that it affirmed its 'B-/B' long- and short-term issuer credit ratings on Uzbekistan's Ravnaq-bank, the outlook is stable, Trend reports citing S&P. "Ravnaq-bank's significant capital injection from its owners, together with moderated lending growth, led to a stronger capital buffer than we previously anticipated," S&P reported. However, the bank's credit standing is held back by limited earnings capacity versus local peers' and by historical performance volatility. |read|

Uzbekistan’s Tashkent Tobacco to produce cigarettes with Philip Morris Int'l

10 December 2019
In line with a bilateral agreement between Uzbekistan's Tashkent Tobacco and the leading international tobacco company Philip Morris International (PMI), licensed production of world-famous brands of cigarettes has begun in the country, Trend reports citing Uzbek media To date, the partners have jointly made investments in the construction of the enterprise that meets international quality standards and installation of advanced equipment from German and Italian manufacturers. During the first year, the planned production volume will be 500 million cigarettes. |read|


10 December 2019
USAID Competitiveness, Trade and Jobs activity in Central Asia (CTJ) facilitates trade and employment in horticulture, tourism, transport and logistics across the five Central Asian economies. By incentivizing firms to become more regionally competitive and by addressing cross-border impediments to trade, USAID helps to develop a more diverse and competitive private sector and generate export-driven growth. MAJOR AREAS OF FOCUS INCLUDE |read|

Regional Cooperation Key to Stability: President Ghani

10 December 2019
Tuesday, December 10, 2019 Kabul (BNA) The two-day Heart of Asia – Istanbul Process, which aims to promote durable peace and stability in Afghanistan, was inaugurated in Istanbul on Monday. |read|

Epsilon expands gas pipeline infrastructure in Uzbekistan

9 December 2019
The US Epsilon Development Company, together with Uzbekistan's Uzbekneftegaz oil and gas company, is expanding the gas pipeline infrastructure of Uzbekistan to ensure uninterrupted supply of the entire extracted volume to the population in the winter, Trend reports with reference to the company's message. As of December 7, 31,700 tons of pipes were shipped, 20,000 tons were delivered, 57 km of trenches were dug, 72.1 km were welded and 15. |read|

Uzbekistan's Neftegazinvest buys bearings via tender

7 December 2019
Uzbekistan's Neftegazinvest company has announced a tender for the purchase of bearings for electric motors of an air gas cooling apparatus. Bids are accepted until 6:00 pm (GMT + 5) on Dec. 16, 2019. |read|

Hollywood’s analogue Cinema City Sollywood to be built in Samarkand

7 December 2019
The Sollywood cinema town will be built in the Aksay area of the Nurabad district (Samarkand region) by the American Daha USA Group and the Chinese Yiwu Compass Trading company. “An area of 160 hectares has been allocated for realization of the project, and the town itself will be called Cinema City Sollywood. In addition to the pavilions for filming movies, modern 3- and 4-star hotels, restaurants and cafés, an amusement park, a water park, cinema and concert halls will also appear here,” the project’s author Khakimjon Mamasoliyev said. |read|

EPSILON receives industrial inflow of gas at Tallimarjan-6 well (Video)

6 December 2019
Production rate of 1 million m3 of gas per day obtained after multiple fracturing. On December 6 at 17:20, industrial inflow of gas was obtained using modern technologies. Video: here |read|

Tax authority to pay penalties for each overdue day of tax refund

6 December 2019
The draft Tax code in the new edition provides for a new procedure for the offset or refund of overpaid tax. In accordance with it, it is planned to introduce a mechanism for the timely return of the amount of overpaid tax and offset (refund) of the amount of overpaid tax. In this case, it is provided that for each overdue day of the tax refund, the tax authority will pay penalties to the taxpayer, including in the case of cancellation by a higher tax authority or a court of the decision of the tax authority. |read|

Uzbekistan - Afghanistan: promising issues of cooperation discussed

6 December 2019
A meeting was held with the business community of the Islamic Republic of Afghanistan, headed by Chairman of the International Chamber of Commerce of Afghanistan Mail Aga Khair Hwa and chairman of the IRA Trade and Investment Chamber Tawakul Shah Ahmad Yar, in the Central Office of Uzbekistan Temir Yollari. This was reported by Uzbekistan Temir Yollari. The guests first of all expressed satisfaction with the conditions created by the government of Uzbekistan not only for the social and humanitarian sphere, but also for the trade and economic development of Afghanistan. |read|

Uzbekistan could turn down Novaport's airport modernization offer

5 December 2019
The Russian Novaport Holding may be refused a project to modernize and develop the airports of Samarkand, Namangan and Urgench, Kommersant said. Uzbekistan and Novaport signed an agreement on the project at the end of May 2019. It was reported that the holding does not claim a stake in the capital: it was a rather the matter of a concession. |read|

Is This Central Asia’s ASEAN Moment? On November 29, Central Asia re-emerged as a world region.

5 December 2019
Hats off to President Shavkat Mirziyoyev of Uzbekistan, First President Nursultan Nazarbayev of Kazakhstan, President Emomali Rahmon of Tajikistan, President Gurbanguly Berdymukhammedov of Turkmenistan, and President Sooronbay Jeenbekov of the Kyrgyz Republic. On November 29, 2019 these leaders jointly resolved to develop: “forms and mechanisms for the development of cooperation in the areas of trade, economy, investments, transport and transit, agriculture, industrial cooperation, protection of environment, energy, water resources, tourism, science and culture. |read|

EBRD provides loan to Uzbek manufacturer of disposable medical goods

4 December 2019
EBRD provides a local currency loan of up to €8.55 million equivalent to Joint Venture Healthline LLC (Healthline), a local manufacturer and trader of disposable medical goods – including disposable syringes, intravenous sets and dialysis filters that will be used to expand the company’s product range and to establish a new production facility for manufacturing disposable medical gloves. This is the first EBRD local currency loan to a private sector client in Uzbekistan and will help Healthline to strengthen its market position in the domestic medical manufacturing sector. |read|

Uzbekistan, ADB discuss launch of new projects

4 December 2019
Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov met newly appointed ADB President Masatsugu Asakawa. The Asian Development Bank remains one of the key partners of Uzbekistan with the total portfolio of 62 projects of more than $7 billion, the Ministry of Investments and Foreign Trade said. The possibility of launch of new projects in Uzbekistan was considered. |read|

EBRD to improve Uzbekistan’s attractiveness as investment destination

4 December 2019
European Bank for Reconstruction and Development (EBRD) brings its vast experience gained over the last two decades on developing and supporting Foreign Investors Councils/Investment Councils to over ten of the countries of operations, and now to Uzbekistan, EBRD’s representative told Trend in an interview. The Foreign Investors Council (FIC) under Uzbekistan’s President Shavkat Mirziyoyev was formally established with the issuance of the Presidential Decree on 13 November 2019. "In Uzbekistan, FIC is a flagship reform platform encouraging an open exchange amongst the Uzbek authorities, the investor community and the FICs, authorized to propose practical solutions to be endorsed by the authorities to improve Uzbekistan’s attractiveness as investment destination and good place to do business," the official added. |read|
» 30 November 2019: The Ministry of Investment and Foreign Trade, together with the Boston Consulting Group, to evaluate the investment attractiveness of the regions
» 29 November 2019: ADB loans to improve access to housing finance in Uzbekistan
» 29 November 2019: Heads of Central Asian states identify areas of economic co-op in Uzbekistan
» 28 November 2019: EBRD talks expansion into Uzbekistan’s regions
» 28 November 2019: Uzbekistan concludes over $126 M agreements following industrial fair
» 28 November 2019: EPSILON: Production is increasing and construction of gas pipelines in cooperation with Uzbekneftegaz is in progress
» 27 November 2019: ADB continues support for Uzbekistan's economic reforms with US$300 million loan
» 25 November 2019: Uzbekistan’s cities become members of International network of silk producing cities
» 22 November 2019: Uzbekistan May Boost Investment Flow from EU Through Co-Op with EPCA
» 22 November 2019: Central Asian Leaders to Gather in Uzbekistan for 2nd Consultative Meeting
» 22 November 2019: Ashgabat Initiative adopted to reduce trade barriers among Central Asia, Azerbaijan, Afghanistan
» 21 November 2019: EBRD Investing up to $40M in Uzbekistan's Retail Sector
» 20 November 2019: Uzbekistan's ambassador to the USA meets with Mississippi Governor
» 19 November 2019: Generalized System of Preferences (GSP): Notice Regarding a Hearing for Country Practice Reviews of Azerbaijan, Ecuador, Georgia, Indonesia, Kazakhstan, Thailand, South Africa, and Uzbekistan, and for the Country Designation Review of Laos
» 19 November 2019: Uzbekistan to Improve the Quality of Basic Infrastructure for Rural Residents with Community Participation
» 18 November 2019: The Silk Road Summit Conference takes place in USA
» 18 November 2019: Presentation of investment and tourism potential of Uzbekistan takes place in the USA
» 15 November 2019: Uzbekistan says may list large energy, mining firms
» 15 November 2019: Uzbekistan, IMF consider reforms in tax system
» 15 November 2019: ADB Vice-President Chen Highlights Uzbekistan's Capital Market Development Priorities in Keynote Speech
» 15 November 2019: IBRD to Provide $500M loan to Uzbekistan
» 14 November 2019: Central Asian Water Supply and Sanitation Experts Share Experiences at Conference in Tashkent
» 14 November 2019: New Regional Transport Strategy to Drive Sustainable Development for CAREC Region
» 14 November 2019: Uzbekistan, US Discuss Issues of Capital and Goods Market Development
» 12 November 2019: USAID Hosts the Ninth Annual Central Asia Trade Forum in Shymkent, Kazakhstan
» 11 November 2019: EU will invest €20 million to support rural areas of Uzbekistan and protect its most vulnerable communities
» 11 November 2019: United States opens Uzbek Carpets Trading House
» 11 November 2019: US maintains duty-free trade for Uzbekistan
» 7 November 2019: Center for Disease Control Signs MOU with Tashkent Medical Academy
» 7 November 2019: EBRD projects strong economy growth for Uzbekistan in 2020
» 7 November 2019: RAEX-Europe: Uzbekistan's banking sector to continue rapid growth
» 6 November 2019: Uzbekistan To Introduce New Currency Control Rules
» 4 November 2019: "The Financial Times" writes about the tourism potential of Uzbekistan
» 4 November 2019: Uzbekistan receives over $100M of investments for innovations
» 4 November 2019: United States Strengthens Regional Cooperation Toward Common Electricity Market
» 4 November 2019: Turkmenistan, Uzbekistan ready to build up business partnership
» 1 November 2019: The U.S.-Central Asian Economic Partnership Discussion: A New Historic Chapter
» 1 November 2019: AUCC Statement on the 2019 U.S.-Uzbekistan Annual Business Forum
» 31 October 2019: Webster University Opens its Branch in Uzbekistan
» 31 October 2019: Uzbekistan, ADB discuss development of cooperation
» 23 October 2019: Readout from EXIM Chairman Kimberly Reed's Meeting with Uzbekistan's Minister of Investments and Foreign Trade Sardor Umurzakov
» 23 October 2019: Remarks by Commerce Secretary Wilbur L. Ross at the American-Uzbekistan Chamber of Commerce Annual Business Forum
» 22 October 2019: More Speakers Added: 2019 U.S.-Uzbekistan Annual Business Forum
» 10 October 2019: Mayor Muriel Bowser Welcomes Participants of the 2019 U.S.-Uzbekistan Annual Business Forum that will be held on October 22, 2019 in Washington, D.C.
» 7 October 2019: AUCC Welcomes Bechtel Corporation as Newest Member
» 3 October 2019: AUCC Welcomes Xtellus Capital Partners as Newest Member
» 30 September 2019: EBRD plans to boost green energy financing in Uzbekistan
» 28 September 2019: Uzbek Neftegazinvest opens tender to buy absorber
» 28 September 2019: Uzbekistan among TOP-20 countries for doing business - World Bank
» 27 September 2019: US Congressmen Kelly, Gonzalez Introduce Resolution Expressing Support of Independence and Further Development of the Strategic Partnership Between the United States and Uzbekistan
» 26 September 2019: Uzbekistan lowers value added tax to liberalize tax policy
» 26 September 2019: ADB to Improve Access to Finance, Veterinary Services of Uzbekistan's Livestock Sector
» 25 September 2019: First C-check performed on Boeing-787 Dreamliner in Tashkent
» 25 September 2019: USAID Hosts the Ninth Annual Central Asia Trade Forum in Shymkent, Kazakhstan
» 25 September 2019: The fourth meeting of the Central Asian working group to promote commercial standards for commercial product quality
» 24 September 2019: New areas for cooperation with EIB proposed in Uzbekistan
» 21 September 2019: Uzbekistan signs 10-year deal on power supplies to Afghanistan
» 21 September 2019: ADB Vice-President Reaffirms Commitment to Uzbekistan's Development
» 21 September 2019: Uzbekistan's WTO accession to increase only imports, exports to lag
» 20 September 2019: Uzbekistan says three upstream gas deals close to signing
» 20 September 2019: Uzbekistan introduces special visa for foreign investors
» 20 September 2019: CAREC Countries Move a Step Closer to Regional Energy Market After Historic Ministers' Meeting in Uzbekistan
» 20 September 2019: Uzbekistan hosting CAREC forum
» 20 September 2019: A delegation of Uzbekistan to visit the United States
» 19 September 2019: Uzbekistan plans to implement infrastructure projects with World Bank
» 18 September 2019: Which benefits Uzbekistan to gain from Trade Facilitation Program of EBRD?
» 18 September 2019: Invitation to Meet with Uzbek Ambassador Javlon Vakhabov
» 15 September 2019: Installation of Radiation Detection Equipment Promotes Safe and Secure Borders
» 5 September 2019: EBRD Offers New Financing Opportunities for Uzbek Exporters and Importers
» 5 September 2019: Welcome Meeting with Rukhullo Zikrillaev
» 2 September 2019: What Prevents Emergence of New Companies from Europe, USA in Uzbekistan?
» 30 August 2019: Uzbekistan Further Simplifies its Privatization Procedures
» 30 August 2019: IFC talks modernization of Uzbek TPP
» 21 August 2019: American Councils Announcing Dr. David Patton as President and CEO
» 12 August 2019: Uzbekistan's Neftegazinvest Extends Tender for Ionizing Radiation Sources
» 9 August 2019: JPMorgan Chase Bank to Allocate Loan to Uzbekistan for Investment Project
» 9 August 2019: Uzbekistan Airways Opens Tender to Buy 2 Tankers
» 9 August 2019: Uzbekistan to Bring Localization Level of Agriculture Machinery to 60%
» 8 August 2019: Leading Travel Bloggers to Promote Tourism in Central Asia
» 7 August 2019: Uzbekistan Approves State Program for the Development of Mineral Resources
» 5 August 2019: Uzbekistan Boosts Co-op with Philadelphia
» 3 August 2019: Uzbek Agriculture Sector to Receive US$60m to Finance Purchase of Machinery
» 2 August 2019: Uzbekistan to Issue Subsidies to Silk-producing Enterprises
» 2 August 2019: Honeywell to Provide Uzbekistan’s international Congress Center and Hilton Hotel with Smart Technologies
» 28 July 2019: Government Procurement is the Basis of Wide Opportunities for Enterprise Development
» 28 July 2019: Procedure for the Recognition of Certificates of Education Issued in Foreign Countries Approved
» 26 July 2019: NAPU Takes Part in the Presentation of the Investment Potential of Uzbekistan in the USA