On April 6, the first meeting of the US-Uzbekistan Business and Investment Council was held in Washington, D.C., as announced by Saida Mirziyoyeva, Head of the Presidential Administration of Uzbekistan.
The platform was created to strengthen contacts between entrepreneurs from the two countries. The new format aims to create a “solid institutional foundation for joint business ambitions.”
“The creation of the Council was made possible by the high level of trust between the presidents of both countries,” Mirziyoyeva noted.
Over the past year, the United States has “demonstrated its seriousness in strengthening the strategic partnership in Central Asia,” said American Co-Chair Sergio Gor. Following the meeting, the parties signed a memorandum of understanding.
Shavkat Mirziyoyev proposed the creation of a coordinating council on investment and trade at the C5+1 summit in November 2025. As the President of Uzbekistan noted, it will help ensure dialogue between government agencies, businesses, and financial institutions.
On November 11, the president issued a decree establishing the U.S.-Uzbekistan Business and Investment Council based on the agreements reached during the summit. Its primary objective was stated as “coordinating the development and approval of strategic business initiatives, major investment, and trade projects.”
The council is also tasked with establishing a fund to attract investment to Uzbekistan. The U.S. Development Finance Corporation (DFC) will serve as its anchor investor, and the Asian Development Bank, the International Finance Corporation (IFC), and other international institutions are also expected to participate.
Other tasks of the council include:
- negotiations on mutual reduction of tariff rates;
- proposals for diversifying Uzbekistan’s investment portfolio, including the Central Bank’s foreign exchange reserves;
- Promotion of products and services of IT Park Uzbekistan residents in the USA.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
