Uzbekistan has established the American-Uzbek Business and Investment Council to enhance trade, industrial cooperation, and investment between the two countries.
The decision, formalised by presidential decree on 12 November 2025, follows President Shavkat Mirziyoyev’s official visit to Washington from 4 to 6 November 2025.
Council Objectives and Mechanisms
The decree states that the council aims to unite major American and Uzbek companies and facilitate long-term business partnerships. It will act as a platform for identifying promising projects, promoting industrial collaboration, and ensuring transparent investment mechanisms.
The council will also support the development of export-oriented industries, including energy, mining, and manufacturing. As part of its structure, it will work alongside a newly created Investment Fund for American-Uzbek Projects, formed jointly with the U.S. International Development Finance Corporation (DFC). This fund will finance priority ventures in energy, infrastructure, and digital transformation.
Additionally, a dedicated Working Group on Tariff and Non-Tariff Regulation will operate under the council to simplify trade procedures and improve market access for Uzbek goods. The council’s headquarters will be based in Tashkent, with representation in Washington, D.C.
Strategic Agreements Signed
During President Mirziyoyev’s recent visit to the U.S. for the C5+1 Summit, several significant commercial agreements were concluded. Uzbekistan plans to import 100,000 tonnes of American cotton and 2 million tonnes of soya beans over the next three years under contracts between UzSanoatExport and Cargill. The imports aim to improve the quality of Uzbek textile production to meet international standards.
In the mining sector, the Ministry of Geology and Mineral Resources signed a partnership with Denali Exploration Group and a $1 billion memorandum with Traxys to jointly explore and process critical minerals, including wolfram and molybdenum.
From 1 January 2026, Uzbek residents will be permitted to undertake investment operations in the U.S. without restriction. Officials note that this measure will help diversify the economy, strengthen the private sector, and attract sustainable foreign investment.
Iran said it destroyed a U.S. naval drone at the entrance to the Strait of Hormuz, while Washington announced sanctions targeting Iran-backed Katai...
Russian online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region. In...
Algeria has ordered the closure of its airspace to all civilian and military aircraft registered in the United ...
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Nobel laureate Geoffrey Hinton has warned against rushing to develop artificial superintelligence, arguing that scientists still do not know how to ensure systems more capable than humans remain safe and under control.
Russian online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region. In Ukraine, Russian strikes on Kyiv early on Friday injured eight people, city authorities said.
Twenty-five years after the September 11 attacks drew the U.S. into Afghanistan, the Taliban is seeking a new relationship with Washington built on diplomacy, investment and trade, despite deep divisions between the former enemies.
For weeks, Indians have watched a bespectacled civil servant become an unlikely social media star. Tukaram Mundhe, Maharashtra's food safety commissioner, posts photographs of cockroach-infested kitchens and rat droppings on warehouse floors, and his raids are shared like reality television.
Algeria has ordered the closure of its airspace to all civilian and military aircraft registered in the United Arab Emirates, marking a sharp escalation in tensions after Algiers formally cut diplomatic relations with Abu Dhabi.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment