U.S. and Uzbekistan Deepen Economic Ties With New Funding Pact

• U.S. Assistant Secretary of Commerce David Fogel and Uzbek Funding Minister Laziz Kudratov signed a memorandum to promote industrial delegations and funding alternatives.
• Each and every countries are making an try for deeper cooperation in mining, vitality, IT, agriculture, and AI as portion of a broader financial partnership.
• Uzbekistan is pursuing major long-term U.S. funding, with President Shavkat Mirziyoyev previously outlining a ability $100 billion funding agenda over the coming decade.

The United States and Uzbekistan are working to magnify industrial-to-industrial contacts with the aim of expanding US alternate and funding in some key financial sectors, including mining, vitality, IT, agriculture, and man made intelligence.

US Assistant Secretary of Commerce David Fogel signed a memorandum of understanding with Laziz Kudratov, the Uzbek minister of funding, on June 9 in Tashkent, outlining plans to facilitate industrial delegation visits and promote funding alternatives.

“The MOU is structured around actionable financial outcomes: supporting … a framework that moves the [US-Uzbek] relationship from intent to mechanism, acknowledged a commentary revealed by the semi-official UzDaily data outlet.

“The signing marks a good step forward in what Tashkent has positioned as a pivotal exterior financial relationship — one extra and extra defined by know-how and funding somewhat than previous commodity alternate,” the commentary added.

Sooner than the signing ceremony, Fogel met with Saida Mirziyoyeva, President Shavkat Mirziyoyev’s daughter and chief of workers. 

“American companies are exhibiting rising interest in funding and infrastructure projects in our country. It is a will deserve to have that this interest interprets into concrete agreements, jobs, and recent financial alternatives,” Mirziyoyeva wrote in a Telegram put up. 

The memo to promote industrial contacts is per US targets outlined one day of a February meeting of Central Asian financial leaders in the Kyrgyz capital Bishkek, held below the auspices of the B5+1 activity. The B5+1 is the private mission hover of the govt.-to-govt C5+1 initiative.

Bilateral alternate turnover reached about $1 billion in 2025. Leisurely last yr, President Mirziyoyev launched an funding opinion with the US potentially price $100 billion over the following decade.

By Eurasianet

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