TASHKENT HOSTS UZBEK-AMERICAN BUSINESS FORUM

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The American-Uzbek Chamber of Commerce held its regular meeting. Representatives of some 30 major US companies, including General motors, General electric, Caterpillar discussed the current state and priority directions of economic and investment cooperation, aimed at further strengthening mutually beneficial business relations between Uzbekistan and the United States.

The Uzbek side at the meeting was represented by the Ministry of foreign economic relations, investments and trade of Uzbekistan, Ministry of Foreign Affairs, Agency Uzinfoinvest, the National Holding Company Uzbekneftegaz, Uzavtosanoat and others.

The volume of mutual trade between the two countries in 2016 amounted to more than $450m. Currently, 164 US companies operate in Uzbekistan.

Chairperson of the American-Uzbek Chamber of Commerce Carolyn Lamm headed the American delegation. In her speech, she thanked the Uzbek side for the cooperation and organisation of this meeting and also gave a high assessment of economic reforms in Uzbekistan, aimed at diversification of industries and the modernization of industry.

“It’s an honor for me and pleasure to participate in today’s meeting. We consider Uzbekistan as a key partner in the region and are interested in further expansion of fruitful cooperation. We are excited to have such a reliable partner”, Carolyn Lamm said.

Following the meeting, the sides signed a Memorandum of understanding that contributes to further strengthening mutually beneficial trade-economic ties, development of investment cooperation.

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