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Uzbekistan and US set new priorities for economic cooperation

The Samarkand meeting presented 54 agreements and initiatives worth nearly $12 billion.

Shavkat Mirziyoyev outlined priorities for expanding economic ties between Uzbekistan and the United States, including critical minerals, energy, data centres and artificial intelligence.

Source: President of the Republic of Uzbekistan

Shavkat Mirziyoyev and council participants at a meeting in Samarkand
The second meeting of the American-Uzbek Business and Investment Council took place in Samarkand. Illustrative photo. Photo: LoggaWiggler / Pixabay, Pixabay Content License

Uzbek President Shavkat Mirziyoyev attended the opening of the second meeting of the American-Uzbek Business and Investment Council in Samarkand on October 19. US Secretary of State Marco Rubio, US President’s Special Envoy Sergio Gor, and representatives of leading American companies and banks also took part.

Mirziyoyev said economic ties should be expanded on the basis of a strong political partnership. He noted the council’s role in advancing joint projects and initiatives.

Priorities for cooperation include developing and processing critical minerals, building a modern and reliable energy system, establishing data centres, and applying artificial intelligence and digital solutions in industry, agriculture, education and public administration. Education and workforce training were also identified as areas for cooperation.

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A package of 54 agreements and prospective initiatives worth around $12 billion was prepared for the meeting. A comprehensive action programme will be developed to put them into practice.

Uzbekistan aims to provide American businesses with clear and predictable conditions. Under a new “plug and play” model, investors will be offered projects with prepared sites, connected infrastructure, permits and documents. Uzbek businesses may also partner in projects and share investment risks; the Direct Investment Fund will participate.

Mirziyoyev proposed turning the council into a strategic mechanism for long-term economic partnership between the two countries. He also proposed drawing up a trade, investment and technology cooperation programme through 2035.

Translated from Russian using artificial intelligence. Source: President of the Republic of Uzbekistan

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