American Business Week
The first visit of the US Secretary of Commerce Wilbur Ross to Uzbekistan is evidence of the mutual interest and aspiration of the two sides to further the bilateral relations.
The main point of the program of the US official’s visit were negotiations with the President of the Republic of Uzbekistan Shavkat Mirziyoyev. The head of our state highlighted the available huge potential for increasing mutual trade, implementing promising projects based on attracting direct investment, advanced technologies and experience of leading American companies, along with enhancing cooperation in the banking and financial sector.
Wilbur Ross highly appreciated the pace and scale of the reforms being carried out in Uzbekistan, which are of great interest, and open up new opportunities for American business in Uzbekistan. He confirmed his readiness to make all the necessary efforts to expand multi-dimensional cooperation and boost the strategic partnership between Uzbekistan and the United States.
The sides also discussed the results of the American Business Week in Uzbekistan, which was attended by leaders and representatives of world-renowned industrial holdings, financial and investment corporations and banks. They reviewed the implementation of projects in the field of trade, industry and high technology, agriculture, logistics and transport. Partners signed agreements in the field of gas processing, production of agricultural equipment, production of banknotes, etc. For example, Air Products and Uzbekneftegaz inked an agreement on the implementation of promising gas processing projects, including the production of industrial gases in the amount of $ 2 billion, while the US Macro-Advisory and the State Investment Committee of Uzbekistan agreed to cooperate in attracting direct American investments.
Summing up the work of the business forum, the head of the American-Uzbek Chamber of Commerce, Carolyn Lamm, said: “The companies of Uzbekistan and the United States signed 13 agreements for $ 2.5 billion. Over the last year, the two countries penned documents for $ 9.35 billion, and we plan to reach more agreements to boost trade investments because our memoranda are just the beginning.”