US to join "battle" with Russia for Uzbekistan
Baku, Azerbaijan, Oct. 23
The US intends to raise the level of trade and investment cooperation with Uzbekistan, Uzbek media reported citing Chairman of the American-Uzbekistan Chamber of Commerce Carolyn Lamm as saying during an Uzbek-American business forum.
"Yesterday, we learned a very important fact that the Russians signed more agreements [than the US]. We decided that we could make more agreements to increase the level of investment and trade. Our memorandums with Uzbekistan are only the beginning, we are only moving forward," she said.
According to Lamm, American companies are ready to invest over $9 billion in projects in Uzbekistan.
At the same time, following the visit of Vladimir Putin, Uzbekistan and Russia signed 785 bilateral agreements and memorandums totaling $27.1 billion.
In January-September 2018, Uzbekistan and the US almost doubled their bilateral trade to $332 million. Currently, 210 enterprises with the participation of US companies are successfully operating in Uzbekistan. Since the beginning of 2018, 25 enterprises have been created with the participation of American capital.
The total US investments and loans attracted to the economy of Uzbekistan for the period of 1998-2017 exceeded $1 billion.