Tashkent, Uzbekistan, Nov. 12
By Demir Azizov- Trend:
The business circles of Uzbekistan and the US discussed the development of trade-economic and investment cooperation between the two countries during a meeting of the American-Uzbekistan Chamber of Commerce (AUCC) held in Tashkent Nov. 11.
The representatives of more than 30 largest US companies, including General Motors, Boeing, Honeywell, General Electric, Lockheed Martin, Cameco, Procter & Gamble, Case New Holland and others arrived in Uzbekistan to participate in the meeting of the chamber.
During the forum, these representatives presented such perspective areas of bilateral cooperation as automotive industry, mechanical engineering, pharmaceutics, oil and gas, petrochemical, chemical industries, electronic and electrical products, food industry and others.
The participants also discussed the development of trade-economic and investment cooperation between the two countries and the implementation of joint projects for the production of goods with high added value and having demand on the domestic and foreign markets.
The investment and trade relations between Uzbekistan and the US have significant potential, the representatives of the US and Uzbek business circles said. The total cost of the possible commercial and investment projects is about $4 billion.
The Uzbek-US trade turnover amounted to $387 million in 2013, but $ 230 million in January - September 2014, the Ministry of Foreign Economic Relations, Investments and Trade of Uzbekistan said.
At present, around 174 enterprises with the US companies' share, including 125 joint ventures and 49 - with one hundred percent US capital work in Uzbekistan. The representative offices of 39 US companies were accredited.
The Uzbek-US joint ventures are working in such industries as the automotive, petrochemical, light, food, machine building, construction materials production, trade and tourism.
AUCC was founded in 1993. Among the chamber members are such large companies as Boeing, Case New Holland, Cameco Corporation, Coca-Cola, FMN International, Inc., General Electric, General Motors, Harris Corporation, Honeywell, Indsur Stelcor, Inc., Lockheed Martin, Merck Sharp & Dohme, Rio Tinto, Sikorsky Aircraft, Solar Turbines, Sustainment Solutions Inc., White & Case LLP and Zeppelin International AG.
The previous business forum of the US and Uzbek business circles was held in Washington last September.