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.
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