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.

Uzbekistan Today (English) - - FRONT PAGE -

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.”

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