21.09.2017

On September 20, Uzbekistan – US business forum was held in New York within the framework of the visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the United States. 

The event was attended by more than 100 executives of the leading US companies such as General Electric, Honeywell, ExxonMobil, CNH Industrial, John Deere, Coca-Cola, Boeing, Caterpillar, Citi Group, Visa, AGCO, Gilead Sciences and others. It was organized by the State Committee of the Republic of Uzbekistan on Investments jointly with the American – Uzbekistan Chamber of Commerce (AUCC). 

Chairman of the American – Uzbekistan Chamber of Commerce C. Lamm, first deputy chairman of the Senate of the Oliy Majlis of the Republic of Uzbekistan S.Safoyev and chairman of the State Committee on Investments A.Akhmedkhodjayev emphasized that the business forum, unprecedented in its scope and nature, once again confirmed the aspiration of businessmen of the two countries to expand mutually beneficial practical cooperation. The importance of joint efforts of the two sides for bringing Uzbekistan – US economic partnership to a qualitatively new level, ensuring its sustainable development and growth, was noted. 

During the panel discussions of the forum, a lively discussion was held on issues of strengthening bilateral economic cooperation, creating a favorable investment climate in the Republic of Uzbekistan, as well as implementing joint projects and programs in the field of industry, development of infrastructure, tourism, science and education. 

US businessmen praised the ongoing large-scale reforms in Uzbekistan, ensuring the introduction of market mechanisms for currency regulation, strengthening the banking and financial system, reducing the tax burden on business and introducing additional benefits and preferences for investors within the framework of newly created free economic zones in Uzbekistan. 

Participants of the business forum discussed specific investment and trade projects of mutual interest, agreed on joint activities for their practical implementation. 

As a result of the event, documents for a total amount of 2,6 billion dollars were signed with US companies. They provide for the implementation of promising joint projects in the oil and gas, petrochemical sectors with General Electric and Honeywell corporations, machine building – with CNH Industrial, John Deere and Caterpillar, the electrical engineering industry – with OSI Systems and Lutron, in civil aviation – with Boeing and others. An agreement was also signed on opening a branch of Webster University in the city of Tashkent, which will become the first full-fledged branch of the American higher education institution in the CIS countries.

 

• 
• 
•