Relations between Uzbekistan and Kyrgyzstan have in recent years become one of the key pillars of regional cooperation in Central Asia. They are underpinned by a shared border, historical ties, sustained dialogue between the two countries’ leaders, and growing interdependence in trade, transport, energy, industry, agriculture, and the development of border regions. Consequently, the bilateral agenda is increasingly moving beyond traditional good-neighbourly relations and evolving into a comprehensive economic partnership.

Regular high-level contacts provide the strategic framework, while the Joint Commission on Bilateral Cooperation remains the principal mechanism for intergovernmental coordination. In May 2026, the Deputy Prime Ministers of the two countries met on the sidelines of the KazanForum. In June, the relevant ministers discussed current issues of trade, investment, and economic cooperation, while the 12th meeting of the Intergovernmental Commission was held in Cholpon-Ata on 22–23 June.

Direct interregional ties remain an important element of this architecture. The Council of Hokims of Uzbekistan’s border regions and Plenipotentiary Representatives of the President of Kyrgyzstan, established in 2017, was renewed in 2025 through the establishment of the Council of Heads of Regions of the two countries. As a continuation of this initiative, Uzbekistan plans to host the first Forum of Regions. This format has practical significance for trade, logistics, border checkpoints, markets, and local entrepreneurship.

Business contacts are also becoming increasingly intensive. In July 2024, Tashkent hosted a business forum attended by 350 entrepreneurs, which resulted in the signing of 20 documents worth USD 213 million. Preparations for the next forum in Bishkek confirm the continuity of this track and its focus not only on trade transactions but also on projects involving industrial cooperation.

Trade dynamics reflect growing economic interest. By the end of 2025, bilateral trade had reached nearly USD 1.2 billion, an increase of 36.4%. The positive trend continued in January–May 2026, with trade turnover reaching USD 468.8 million, up 43.9%. Uzbekistan’s exports increased by 60.8%, while imports from Kyrgyzstan rose by 12.1%. The structure of trade also demonstrates a broad sectoral base, ranging from textiles, food products, construction materials, and equipment in Uzbekistan’s exports to ores, electricity, metals, and plastics in imports from Kyrgyzstan.

To consolidate these trends, the two countries are implementing a programme to increase bilateral trade for 2024–2030. Its purpose is to move beyond growth in individual product categories towards a more sustainable supply model by expanding the range of goods, developing promotion and distribution channels, and eliminating trade barriers. As part of this work, the parties are considering issues related to coal, construction materials, livestock, seedlings, and sheet glass.

The next level of cooperation involves trade, logistics, and industrial instruments. The Termez International Trade Centre provides Kyrgyz products with an additional southern route, while trading houses in Bishkek and Tashkent could serve as permanent channels for promoting goods. Assembly facilities using components from Uzbekistan would give bilateral trade a stronger industrial dimension.

The investment component is supported by the mutual presence of businesses: 450 enterprises with Kyrgyz capital operate in Uzbekistan, while 85 enterprises with Uzbek capital operate in Kyrgyzstan. This indicates a transition from conventional trade operations to more sustainable forms of business engagement.

On this basis, industrial cooperation is acquiring tangible substance. Automobile production has been launched in the Chuy Region with the participation of the Uzbek side, including the manufacture of Onix, Captiva, Damas, Cobalt, Tahoe, and Tracker models.

At the same time, sectoral opportunities are not limited to the automotive industry. In the field of geology, the parties are interested in the joint exploration of several deposits, including iron ore and phosphorites, as well as cooperation on critical minerals. In the pharmaceutical sector, plans are being developed to manufacture affordable medicines.

The light industry sector holds particularly significant potential. Textile enterprises have already been established in Kara-Balta and Andijan, garment production is expanding in Bishkek and the Osh Region, and fabric manufacturing is being developed in the Chuy Region.

Alongside industrial initiatives, energy cooperation continues to be of strategic importance. The Kambarata HPP-1 project occupies a central place in this area. It is important to accelerate the coordination of the relevant intergovernmental agreement and ensure a balance between the parties’ water and energy interests.

The transport dimension complements this logic, as it directly affects the sustainability of economic ties. Transport operators in both countries require predictable operating conditions. Therefore, the establishment of a working group and the preparation of a joint transport and logistics programme for 2026–2028 remain relevant priorities.

The Uzbek-Kyrgyz Development Fund provides the financial foundation for some of these initiatives. Its portfolio already includes projects in transport, finance, light industry, construction materials, and energy. Expanding the Fund’s project portfolio and considering the participation of the Kyrgyz side in its authorised capital could further strengthen the sustainability of this mechanism.

Border infrastructure is of particular importance, as it translates the broader bilateral agenda into practical cooperation at the regional and local levels.

Overall, these areas demonstrate that Uzbek-Kyrgyz relations are progressing towards a more mature economic model. Growing trade, industrial projects, energy coordination, transport corridors, agricultural and industrial initiatives, and the expansion of financial instruments are forming not a fragmented set of agreements, but an interconnected system of long-term partnership.

On June 20, President Shavkat Mirziyoyev chaired a video conference call on training engineering personnel and improving the performance of higher educational institutions.

In today's competitive world, our country, relying on domestic resources, is moving towards industrial development. Every year 3 thousand industrial enterprises are put into operation, about 150 thousand jobs are created.

This year, projects worth 21 trillion soums will be implemented within the framework of state investment programs. Also, projects with foreign and regional investments worth 37.5 billion dollars are planned for this year.

Accordingly, the state pays great attention to science, education and innovation. For example, over the past four years, 2.2 trillion soums have been allocated to 1,727 practical, innovative, fundamental and startup projects. Spending on research and development has doubled.

However, the results in this area and the number of highly qualified engineers are still insufficient. There is a gap between higher education institutions and industry.

That is why rectors of technical universities were also invited to the meeting.

The head of state first of all dwelt on the problems in this sphere.

The 36 state technical higher educational institutions annually graduate 67 thousand specialists. However, the programs and specialties in these universities do not meet the requirements of manufacturers. As a result, 60 percent of engineers do not work in their specialty.

Higher educational institutions are limited to fundamental research, and practical developments for the economy are very rare. Hundreds of startups and innovative projects in engineering fields remain on paper.

In foreign universities there are such specialties as "value engineering", "comparative engineering", "reverse engineering". In our technical universities, these areas are not developed. As a result, industries have to spend a lot of money on training their employees abroad or attract specialists from abroad.

Although the coverage of higher education has increased 5 times in the last seven years, the interest of young people in engineering and technical specialties is very low. Some equipment of universities and scientific laboratories is outdated. Many professors and teachers are disconnected from practice. Rectors do not visit enterprises, do not familiarize themselves with new technologies, do not study equipment and machines.

Over the last four years, the number of research contracts of universities has tripled. Revenues from them have increased 6 times. However, the implementation of the results of scientific developments into production is slow. Not everyone is equally successful in patenting their inventions.

The President presented new initiatives to develop this area.

Now training and research processes in technical areas will be completely changed based on the best practices. 36 universities and their branches will be gradually consolidated, leaving a total of 20 technical universities. They will completely switch to the dual system of education.

Specialties that are not in demand in the labor market will be reduced. Some departments will be merged. The functions of dean offices to serve students will be digitalized. Based on foreign experience, a "Registrar's Office" will be created.

Each university will establish cooperation with prestigious technical universities of developed partner countries such as Germany, Japan, China, Russia, Italy, Turkey, South Korea, Singapore.

Based on the chain "industry-enterprise-university", each university will be assigned an industrial partner.

All engineering universities will open departments at their partner enterprises and introduce dual education. At the same time, the enterprises will allocate funds to equip the departments, stimulate teachers and students. Student internships and graduate training will be fully organized at partner enterprises.

Thirty-two sectoral councils will be established in the system of ministries and enterprises. They will determine priority directions of scientific research in technical fields together with institutes and will be customers of these researches.

Also at the first stage, higher engineering schools will be opened in 10 universities. Two-year applied master's degree programs will be implemented in them, and candidates will be selected by order of manufacturers. Enterprises will financially support the establishment and equipping of laboratories in higher engineering schools. The state will also provide highly qualified engineers-technologists. If every minister, industry leader, rector, professor and teacher feels deep sense of responsibility and works hard, we will definitely achieve this," Shavkat Mirziyoyev said.

The status of pilot production enterprises of universities will be legislated. They will be granted privileges applicable to IT park residents. At least 60 percent of the employees of the subsidiaries will be doctoral candidates and students.

From next year, state grants for projects in technical areas will be increased fourfold. Partner organizations of universities will also be allowed to act as founders of enterprises.

Hokims of regions and heads of industries will be able to directly provide universities with orders for scientific and production projects up to 10 billion soums.

A system of allocating at least half a percent of the cost of investment projects for scientific activities will be introduced.

It has been determined to organize national contests "Best Idea", "Best Project" and "Best Invention" in engineering fields. Teachers, students and practicing engineers will be able to participate in them. The prize for the first place is an electric car.

Also 10 best participants, authors of ideas, projects and inventions will be sent for internship to such countries as Germany, Japan, China, Russia, Italy, Turkey, South Korea, Singapore.

The meeting continued in the format of an open dialog. Industry leaders, scientists, rectors and engineers expressed their opinions on the development of science and education in engineering.

It was assigned to draft a relevant decree based on the proposals.

- We need highly qualified engineers-technologists like air for the accelerated development of the economy. If every minister, industry leader, rector, professor and teacher feels deep sense of responsibility and works hard, we will definitely achieve this," Shavkat Mirziyoyev said.

Stolen cultural property dating back to the 2nd and 3^rd centuries AD has been returned to Uzbekistan following a large-scale investigation involving law enforcement agencies and scholars from across Europe.

A number of artefacts, illegally smuggled from the Central Asian republic that was once the heart of the Bactrian and Kushan empires, were presented by the Metropolitan Police's Art and Antiquities Unit at the Embassy of Uzbekistan. They will subsequently be transported back to their homeland, where they will take a prominent place in the exhibition of the recently opened Center of Islamic Civilization in Tashkent.

The event serves as vivid evidence of Uzbekistan's consistent policy regarding the repatriation of national cultural heritage and highlights the growing global trend toward the protection of cultural values.

“This event is a compelling confirmation of the broad international support for the consistent course of the President of Uzbekistan Shavkat Mirziyoyev, aimed at returning cultural treasures to their homeland, - noted Firdavs Abdukhalikov, Director of the Center of Islamic Civilization in Tashkent and Chairman of the Board of the World Society for the Study, Preservation and Popularization of the Cultural Legacy of Uzbekistan (WOSCU). - We are deeply grateful to our partners and law enforcement representatives from European countries for their support and look forward to further cooperation in preserving and restoring our cultural heritage”.

Detective Sophie Hayes of the Metropolitan Police, addressing a gathering of prominent scholars and officials, emphasized that the recovered artefacts are the heritage not only of Uzbekistan but of all humanity. According to her, the investigation was conducted with the assistance of both national and international specialists, as well as the Organization for Security and Co-operation in Europe (OSCE), with the support of the World Society for the Study, Preservation and Popularization of the Cultural Legacy of Uzbekistan (WOSCU).

The items presented at the exhibition are among the findings discovered in November 2025 during an investigation codenamed Operation Inherent Vice by the police.

A total of nine artefacts were on display, including statue heads and fragments of gypsum frescoes. These monuments date from the 2nd-3rd to the 7th century AD and hold exceptional historical significance for both Uzbekistan and the broader Islamic world.

“The return of these priceless artefacts is not only a victory for New Uzbekistan but also a compelling testament to the power of international cooperation in preserving the country's historical heritage, - added Mr. Abdukhalikov, noting that cultural organizations, legal institutions and diplomatic missions have confirmed their readiness to assist Uzbekistan in recovering its lost treasures”.

The ceremony reflected a broader trend toward strengthening global interaction in the field of cultural heritage protection, with a particular focus on increasing transparency and adhering to ethical standards in the art and antiquities market.

The Center of Islamic Civilization also announced its intention to participate in the upcoming Sotheby’s and Christie’s auctions and to visit art galleries in London. These initiatives are aimed at acquiring new items of Uzbek cultural heritage for the purpose of their preservation and return to the homeland.

“Uzbekistan's efforts to return and protect its cultural heritage continue to attract the attention and support of the international community. We are setting a powerful example of coordinated action in the field of restitution of cultural property”, - emphasized Mr. Abdukhalikov.

“The returned items possess exceptional historical and scientific value, as they belong to various eras of the ancient history of the territory of modern Uzbekistan and reflect the diversity of civilizational processes that have occurred in Central Asia over the centuries”, - noted Dr. Farhod Maksudov, Director of the National Center of Archaeology (Institute of Archaeology) of the Republic of Uzbekistan.

IA “Dunyo”

The President of Uzbekistan has signed the Resolution “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption”.

The legal and institutional framework for preventing and combating corruption has been improved in Uzbekistan in recent years. At the same time, there is a need to raise to a new level the system of developing an intolerant attitude towards corruption among the population and civil servants, immunizing them with ‘integrity vaccine’, as well as increasing knowledge and skills in the fight against corruption based on the requirements of the time.

In this regard, the President of Uzbekistan has signed the Resolution “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption”.

The Resolution will introduce a system of continuous improvement of knowledge of the population and civil servants in combating corruption.

For this purpose, from January 1, 2025, the Virtual Anti-Corruption Academy electronic platform (Virtual Academy) will be launched.

The Anti-Corruption Agency and the Law Enforcement Academy are in charge in organization and conduct of educational activities at the Virtual Academy. The Agency forms a contingent of civil servants who are subject to training, in agreement with the Academy, approves the annual training schedule, and monitors the quality organization of the educational process. The Agency submits annually information on the activities of the Virtual Academy to the National Anti-Corruption Council.

The key is that any citizen will have the opportunity to voluntarily study at the Academy’s basic courses. In particular, educational programs of various formats will be developed for preschool and school children, students, entrepreneurs, and representatives of nongovernmental organizations, taking into account their age, level of development and field of activity.

Increasing knowledge and skills in combating corruption at the Academy is mandatory for all civil servants.

This, undoubtedly, is of great importance in increasing the legal consciousness and culture of the population and civil servants, creating legal immunity from corruption in society, and cultivating the integrity values in the younger generation.

Training at the Virtual Academy in basic courses is organized free of charge for all users, and advanced training in special courses is fee-based.

The Agency formulates recommended annual research topics in the field of anti-corruption for higher education institutions and research organizations. All higher education and research organizations will annually submit to the Agency the results of research they conducted in the area. The Academy will maintain an electronic database on achievements, domestic and foreign experience, scientific, methodological and practical developments and research work.

Based on the Resolution, a Road Map is approved to ensure the effective functioning and strengthening of the material and technical base of the Virtual Anti-Corruption Academy electronic platform.

According to it, the Virtual Anti-Corruption Academy electronic platform and its mobile app will be launched by January 1, 2025. Special programs and content organized in the Virtual Academy for pre-school and school children, and students will be developed by October 1, 2024.

As part of the Global Resource for Anti-Corruption Education and Youth Empowerment (GRACE) Initiative, measures will be taken to create high-quality animated films, video and audio materials intended for students.

The launch of the Virtual Academy will serve to accelerate the formation of an intolerant attitude towards corruption in society, as well as the introduction of a system of continuous improvement of the knowledge and skills of the population and civil servants in the fight against corruption.

Dunyo IA

The Ministry of Foreign Affairs of the Republic of Uzbekistan announces the commencement of accreditation for representatives of mass media to cover the 43rd Session of the UNESCO General Conference in Samarkand.

Journalists wishing to participate in the coverage of the conference are required to complete registration on the United Nations “INDICO” platform and obtain accreditation.

The online registration form is available at the following link: https://indico.un.org/event/1017853/registrations/21114/.

Applications from representatives of media will be accepted until October 10, 2025.

Applications submitted after the deadline, or without the required documents and a completed application form, will not be considered.

Please note that submission of an application does not constitute a basis for entry into the Republic of Uzbekistan or for engaging in journalistic activities of foreign media representatives without official confirmation of accreditation issued by the Ministry of Foreign Affairs of the Republic of Uzbekistan.

For additional inquiries, please contact the Press Service of the Ministry of Foreign Affairs at press@mfa.uz.

Uzbekistan's upcoming elections for the Legislative Chamber of the Oliy Majlis (Parliament) and the Councils of People's Deputies, scheduled for October 27th, are not just a routine event. They mark a significant milestone in the nation's democratic journey, introducing groundbreaking changes that promise to transform the electoral landscape. The recent meeting of the Central Election Commission unveiled several key innovations that will ensure greater efficiency, transparency, and inclusivity, making these elections a matter of global interest.

For the first time in the nation's history, the Legislative Chamber elections will employ a mixed electoral system, combining majoritarian and proportional representation. This change means that voters will elect seventy-five deputies directly, while another seventy-five will be chosen based on party votes. This system aims to create a more balanced and representative legislature, enhancing democratic legitimacy and ensuring a broader spectrum of political voices.

One of the most notable advancements in Uzbekistan's electoral system is the full digitization of election commission activities. The introduction of the 'E-Saylov' information system is a significant leap forward, revolutionizing the election process. This digital platform not only streamlines the process, reducing bureaucracy and document handling, but also ensures a smoother, more efficient, and transparent electoral experience. It automates interactions between election commissions, political parties, candidates, observers, and the media, providing real-time statistical data, candidate information, and interactive maps. This technological leap empowers voters with unprecedented access to essential election-related information, making the electoral process more inclusive and transparent.

Inclusivity is another cornerstone of these elections. New election legislation requires political parties to ensure that at least 40% of their candidates are women, a progressive move towards gender equality in political representation. This requirement not only aligns Uzbekistan with advanced democratic standards but also enriches the political discourse by incorporating diverse perspectives.

The elections are taking place in a context where the updated Constitution has significantly enhanced the powers of parliament and representative bodies. The Legislative Chamber's powers have increased from 5 to 12, and the Senate's from 12 to 18. Parliament's oversight functions over executive, judicial, law enforcement, and special services have also been expanded. Additionally, the leadership of local Councils of People's Deputies by hokims (governors) has been abolished, transferring 33 powers previously held by hokims to local Councils to increase their role in resolving critical state issues.

The slogan "My Choice—My Prosperous Homeland" not only captures the spirit of these elections but also reflects the unwavering commitment of Uzbekistan's leadership to democratic state-building and citizen empowerment. With over 120,000 election commission members, 70,000 citizens, and numerous international observers participating, the elections are set to be a transparent and inclusive process, further demonstrating this commitment.

In conclusion, Uzbekistan is setting a remarkable precedent with its upcoming elections by embracing technological innovation and inclusivity. These initiatives will undoubtedly pave the way for a more prosperous and democratic future, showcasing Uzbekistan’s dedication to advancing democratic principles and practices.

Eldor Tulyakov,

The Executive Director,

Development Strategy Centre (Uzbekistan)

Despite the 6,000-kilometer distance between Tashkent and Tokyo, the official visit of President of Uzbekistan Shavkat Mirziyoyev to Japan on December 18-20 elevated Uzbek-Japanese relations to a qualitatively new level of expanded strategic partnership for future generations.

Uzbekistan’s relations with Japan have deep historical roots. For centuries, Samarkand served as one of the key centers of the Great Silk Road, while Nara, the ancient capital of Japan, was its eastern gateway. Trade and the exchange of knowledge along the Great Silk Road, including between Uzbekistan and Japan, played a significant role in the development of international commerce and cultural interaction, forming lasting cultural bridges between civilizations. Today, Samarkand and Nara are twin cities.

Since Uzbekistan gained independence, reliable and stable relations of mutually beneficial cooperation have developed between Uzbekistan and Japan. Since the establishment of diplomatic relations, Japan has been one of Uzbekistan’s key technological and investment partners.

Economic cooperation dynamics

The most dynamic growth in economic cooperation has taken place in recent years, following the launch of comprehensive economic reforms in Uzbekistan. The Japan External Trade Organization (JETRO), the Japan International Cooperation Agency (JICA), and the Japan Bank for International Cooperation (JBIC) play an important role in advancing Uzbek-Japanese economic cooperation.

Cooperation with JICA has, in recent years, reached the level of strategic partnership. The value of the project portfolio has exceeded $8 billion, and additional initiatives worth more than $3 billion are under consideration in areas such as healthcare, energy, transport, education, industry, and other sectors. During the visit, new agreements were signed with JICA concerning the development of economic zones, agriculture, supply of medical equipment, and support for entrepreneurship, as well as the launch of a special economic zone for Japanese investors, to be developed in line with Japanese models and standards.

Cooperation with JBIC is also developing dynamically. Today, the total project portfolio with the bank exceeds $5 billion in sectors such as petrochemicals, energy, telecommunications, infrastructure, and light industry. During the visit, discussions focused on preparing new projects and improving the effectiveness of existing initiatives worth over $10 billion.

Trade relations are also growing dynamically. Between 2017 and 2024, Uzbekistan’s trade turnover with Japan more than doubled, increasing from $166.2 million to $388.5 million. In 2024, growth accelerated, rising by 64.1% compared with 2023, from $236.8 million to $388.6 million. More than 90% of imports from Japan consist of machinery and equipment, while Uzbekistan’s exports to Japan are dominated by services and chemical fertilizers, as well as fruit and vegetable products, textiles, radioactive elements, and jet fuel.

Investment cooperation is expanding as well. Over the past eight years, the number of Japanese enterprises operating in Uzbekistan has increased tenfold, while the combined project portfolio has exceeded $20 billion. Leading Japanese companies such as Sojitz, Toyota Tsusho, Sumitomo, Itochu, Kyoto Plaza, Balcom, and Shikoku Electric are actively operating in Uzbekistan, implementing major projects in energy, geology, tourism, infrastructure development, IT, and other sectors.

For example, Sojitz Corporation is implementing projects including the construction of a combined-cycle power plant in Syrdarya region, a multidisciplinary hospital, a new international airport in Tashkent, and a wind power plant. During the visit, support was expressed for the company’s plans to modernize medical clinics and educational facilities, create a transboundary “green” energy corridor, upgrade gas compressor stations, and participate in establishing a special economic zone for Japanese investors.

Sumitomo Corporation is constructing two solar power plants and energy storage systems in Samarkand region, with a similar wind-power-based project also planned in the Republic of Karakalpakstan. During the visit, the President of Uzbekistan proposed adopting a Cooperation Program with the corporation through 2030.

Uzbekistan has longstanding cooperation with ITOCHU Corporation in mechanical engineering, geology, and infrastructure. Long-term agreements have been reached on the export of critical minerals to Japan. During the visit, new areas of cooperation were discussed, including water purification, automotive manufacturing, modernization of air traffic control systems, as well as implementation of public-private partnership projects in the social sphere.

JOGMEC, together with ITOCHU Corporation, is developing uranium deposits in Navoi and Kashkadarya regions. During the visit, plans by these companies to develop precious-metal deposits at promising sites in Uzbekistan were also reviewed and approved.

Negotiations and outcomes of the visit

During the negotiations, the sides discussed further deepening of the strategic partnership between Uzbekistan and Japan, covering all areas of interstate cooperation. The importance of strengthening existing cooperation formats, including parliamentary friendship groups, economic cooperation committees, and sectoral mechanisms in priority areas, was emphasized.

During the talks between President Shavkat Mirziyoyev and Prime Minister Sanae Takaichi, a number of priority areas for advancing strategic partnership were identified, including green energy and industrial decarbonization, information technology, critical minerals, cooperation in mechanical engineering, modernization of healthcare, and tourism infrastructure.

To implement more than $12 billion worth of new cooperation projects prepared for the visit, the President of Uzbekistan proposed establishing a joint investment platform. Plans were also announced to create a special economic zone in Samarkand region based on Japanese standards and practices, as well as to scale up the “One Village – One Product” program implemented jointly with Japanese partners. It was proposed to hold the first Uzbekistan-Japan Regional Forum in Samarkand next year.

At the meeting between the President of Uzbekistan and Japan’s Minister of Economy, Trade and Industry Ryosei Akazawa, an agreement was reached to develop an action plan to further strengthen business cooperation with the active involvement of JETRO and the Japan Association for Trade with Russia and NIS (ROTOBO).

A key element of the visit was the President’s meeting with leading representatives of Japanese business. The President emphasized that in recent years cooperation between Uzbekistan and Japan has acquired a qualitatively new character. Whereas Japanese companies previously mainly participated as contractors, today they are actively investing in Uzbekistan’s economy, establishing joint ventures, participating in management, transferring technologies, and contributing to human capital development. “As a result of these qualitative shifts, Japan has become one of Uzbekistan’s key economic and technological partners,” the President stressed.

Based on these assessments, priority areas for further cooperation with Japanese business were outlined. These include ensuring energy resilience and advancing the green transition, development of renewable energy sources and storage systems, and reducing the carbon intensity of Uzbekistan’s economy. Particular emphasis was placed on deep processing of critical minerals and establishing full value chains.

Promising areas also include the development of mechanical engineering and industrial equipment to build a modern high-tech industrial economy. Special focus was placed on advancing information technologies, including the implementation of artificial intelligence and digitalization programs.

Another important direction is the creation of modern special economic zones designed to become centers for high-tech, export-oriented industries and platforms for industrial cooperation through automation and digital control systems.

Concluding his speech to the business community, President Mirziyoyev emphasized that Uzbekistan regards Japan not only as an investor, but as a strategic partner in building the industry of the future.

The main outcome of the visit was the signing by President Shavkat Mirziyoyev and Prime Minister Sanae Takaichi of the Joint Statement on Expanded Strategic Partnership for Future Generations, which elevates Uzbek-Japanese relations to a fundamentally new level. A wide package of agreements was also adopted in education, healthcare, environmental protection, water management, transport, urban development, tourism, agriculture, and disaster-risk reduction.

Expanding cooperation potential

Against the backdrop of Uzbekistan’s ongoing technological transformation and innovative development, there is substantial potential to further expand economic cooperation with Japan in trade, investment, and scientific-technical exchange. The agreements reached during the visit form a solid foundation for advancing cooperation to a qualitatively new level.

According to the Center for Economic Research and Reforms, Uzbekistan has significant untapped export potential with respect to Japan. Promising export categories include copper and copper products, textile and apparel goods including home textiles, aluminum and aluminum products, fruits and nuts, as well as electrical equipment and devices.

Japan’s experience in developing innovation clusters may serve as a valuable model for Uzbekistan. In this context, promising areas include the creation of joint venture funds and startup accelerators, support for technology transfer, and commercialization of scientific developments.

Japan’s experience in smart agriculture and agricultural education is also highly relevant for Uzbekistan. Cooperation in this area offers opportunities to modernize agriculture, increase water efficiency, boost productivity, and implement sustainable farming practices.

Thus, the President’s visit to Japan has already become an important driver in deepening and expanding economic cooperation between our two countries, contributing to fuller realization of partnership potential, modernization of Uzbekistan’s economy, and strengthening the presence of Japanese business in Uzbekistan. The strengthened strategic partnership will improve quality of life and broaden opportunities for future generations.

Nozimjon Ortikov,

In an era characterized by growing disunity among global powers, the strategies employed by so-called “middle” states in forging stable regional relations present promising solutions for achieving international peace and cooperation. Uzbekistan, a Central Asian nation situated at the heart of the historic Silk Road, and Finland, a Nordic state with a unique experience as a neutral border state during the Cold War, exemplify how a consistent commitment to dialogue can contribute to regional stability amidst the complexities of global relations.

Geographically separated, these countries have developed strikingly similar approaches to ensuring sustainable development, peace, and stability in their regions. They address key regional security challenges by strengthening multifaceted and mutually beneficial good-neighborly relations with their neighbors. Additionally, they engage in multilateral, long-term partnerships with interested countries and organizations.

While Uzbekistan and Finland have been shaped by different historical contexts, these experiences have contributed to the development of a shared diplomatic philosophy centered around stability, cooperation, sovereign equality, mutual respect, and multilateral interaction.

Central Asia, a region steeped in ancient history, has long been a cultural and historical hub. Centuries ago, it was a unified space where politics, economics, and culture intertwined seamlessly. As one of the cradles of human civilization, Central Asia boasts a rich tapestry of history and a vibrant cultural heritage that has shaped universal values. These values emphasize cooperation over confrontation, tolerance over imposition, and the belief that the well-being of neighbors is intrinsically linked to one’s own.

Since gaining independence in 1991, Uzbekistan has consistently championed a policy of regional interaction. This policy, which gained prominence under President Shavkat Mirziyoyev in 2016, became a cornerstone of Uzbekistan’s foreign policy. Tashkent’s “diplomatic offensive” to enhance intra-regional cooperation became one of the most significant policy changes that transformed relations in modern Central Asia.

Tashkent’s unprecedented focus on dialogue and building trust with neighboring states has transformed Uzbekistan into the primary organizer of cooperation in the region. It has advocated for the development of multilateral interaction mechanisms, spanning various domains such as water resource management, transport corridor expansion, industrial cooperation, border demarcation, and regional security.

The positive impact of these policy changes has reverberated throughout the entire region. After 2016, economic cooperation witnessed a remarkable surge, leading to a nearly doubling of the total GDP of Central Asian states from $273 billion to $520 billion. Trust and strengthened ties between countries have facilitated a 4.5-fold increase in intra-regional trade, soaring from $2.4 billion to $11 billion. Moreover, the number of tourists visiting the region has doubled, further boosting its appeal.

The collective openness and enhanced stability have become attractive factors for third countries, resulting in a significant increase in the region’s foreign trade. This growth has seen a remarkable rise of over 200 percent, from $112 billion to $253 billion.

Finland’s diplomatic traditions were shaped by its unique position at the crossroads of Eastern and Western “spheres of influence.” Its vulnerable geographical location drove its pursuit of interaction and stability.

Finland consistently advocates for strengthening friendly relations with all countries, particularly its neighbors, and fostering ties within Nordic cooperation structures like the Nordic Council, the Council of Ministers of the Nordic Countries, and the Nordic Investment Bank.

This approach is reflected in Finland’s active involvement in the OSCE with aims to enhance dialogue and trust.

Finland’s 2025 OSCE chairmanship, coinciding with the 50th anniversary of the Helsinki Final Act, holds symbolic significance. It exemplifies Finland’s commitment to building bridges, fostering dialogue, and cultivating trust, aligning with its dialogue-based foreign policy. Finnish diplomacy consistently emphasizes the importance of strengthening common positions and approaches among states, reflecting Finland’s consensus-oriented diplomatic style, which Uzbekistan shares as well.

It’s worth noting that both countries adhere to the same fundamental principles of international law. Respect for national sovereignty, non-interference in internal affairs, and the inviolability of borders serve as practical guidelines shaping Uzbekistan and Finland’s foreign policy, regional behavior, and international positioning.

Tashkent’s approaches to regional interaction resonate with Helsinki’s priorities for cooperation with the Nordic and Baltic countries. Uzbekistan’s efforts in resolving border disputes and collaborating on water resources in the region mirror Finland’s approach to peacebuilding and fostering cooperation.

Furthermore, both countries have established themselves as advocates of results-oriented cooperation. They are pragmatic architects of projects that create mutual benefits and strengthen regional stability and interregional connectivity.

Under the leadership of President Sh. Mirziyoyev, Uzbekistan is actively promoting the development of transport infrastructure within Central Asia and with neighboring regions, including the West, East, and South. For instance, the development of the “Middle Corridor” (Trans-Caspian International Transport Route) has led to a remarkable six-fold increase in cargo shipments along it over four years, from 2020 to 2024, reaching a substantial volume of 4.5 million tons. Tashkent is also actively involved in the construction of the China-Kyrgyzstan-Uzbekistan railway and is promoting connectivity between Central and South Asia.

Economic cooperation and environmental protection are additional pillars of Uzbekistan’s regional strategy. These aspects play a crucial role in Uzbekistan’s environmental programs, particularly in mitigating the consequences of the Aral Sea disaster.

Finland, following a similar pattern of project-oriented cooperation, has been an active participant in initiatives of the Nordic Council and the Barents Euro-Arctic Council. These initiatives encompass cross-border cooperation in environmental protection, innovation, and people-to-people contacts. Finland also promotes initiatives of the Trans-European Transport Network and Arctic connectivity.

Known for its leadership in environmental protection, Finland actively participates in cross-border economic projects with partners from the Nordic and Baltic countries.

Alongside their close cooperation with countries in their respective regions, Uzbekistan and Finland pursue a policy of strategic multilateralism. Both countries actively participate in various regional and global institutions, reflecting their shared views that modern challenges require collective responses. They believe that “middle powers” can exert effective influence through institutional engagement.

Since 2016, Uzbekistan has significantly increased its involvement in regional organizations, primarily the Shanghai Cooperation Organization (SCO), the Organization of Turkic States (OTS), and various United Nations bodies.

Additionally, the “Central Asia +” (C5+1) platform, now comprising over 10 partner countries and organizations, actively promotes interregional cooperation. Notably, the inaugural “Central Asia – European Union” summit held in April 2025 resulted in an agreement on “deep and comprehensive cooperation” between the two regions.

Finland’s international engagement, while having a longer history, also follows a similar pattern of active institutional participation. As a member of the European Union since 1995 and multiple international organizations, Finland maintains its traditional interactions with regional structures in Northern and Baltic Europe.

As the international landscape becomes increasingly intricate, Uzbekistan and Finland encounter similar challenges that test their historically established unique diplomatic approaches.

Uzbekistan faces the primary challenge of sustaining the momentum for deepening regional partnership and intensifying cooperation with external actors amidst escalating geopolitical tensions, environmental threats, and economic shocks.

From Uzbekistan’s perspective, responding to the changing geopolitical landscape and the economic transformation needs of Central Asia requires strengthened cooperation, both among Central Asian countries and between regions.

Finland’s challenge lies in finding a balance between its commitments within the EU and NATO and its traditional role as a mediator in building consensus and dialogue, particularly in organizations like the OSCE, where it continues to promote “strengthening dialogue and trust.”

Overall, Uzbekistan and Finland exemplify successful regional cooperation based on a consistent commitment to dialogue and interaction. Despite their distinct geographical and historical contexts, both countries have adopted similar foreign policy approaches focused on conflict prevention, institutional engagement, and pragmatic regionalism.

In an interconnected world characterized by great power rivalry, the diplomatic approaches of Uzbekistan and Finland serve as a reminder that sustainable security and prosperity are achieved through dialogue, cooperation, and practical collaboration, rather than diktat, isolation, or empty rhetoric.

And unsurprisingly, these foreign policy approaches positively impact the lives of their citizens. It’s not a coincidence that Finland consistently ranks as the “happiest country in the world” for the eighth consecutive year in the World Happiness Report. Similarly, Uzbekistan leads in the level of happiness among Central Asian countries in the same ranking.

Sharif Akhmedov,

Chief Researcher at the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan

Throughout the year, the business climate remained in positive territory, with an annual average of 57 points, indicating an overall favorable business environment in Uzbekistan.

The Center for Economic Research and Reforms (CERR) presented the results of its 2025 business climate analysis, based on monthly nationwide surveys of entrepreneurs. Using the collected data, a composite Business Climate Indicator was constructed, reflecting assessments of current business conditions as well as expectations for the next three months.

Dynamics of the Composite Business Climate in Uzbekistan

According to the results of 2025, the annual average value of the Composite Business Climate Index in Uzbekistan amounted to 57 points on a scale from −100 to +100, which is 7% higher than in 2024. The growth was primarily driven by improved assessments of current conditions. The annual average value of the Current Business Conditions Index increased by 22% and reached 47 points.

At the same time, the Expectations Index declined slightly from 68 to 66 points, while remaining at a relatively high level. This reflects a certain degree of caution among enterprises regarding future prospects amid an overall improvement in perceptions of current conditions.

Over the year, the dynamics of the Composite Business Climate Index were uneven. The highest value was recorded in June at 63 points, while the lowest level was observed in January at 52 points. Fluctuations during the year reflected both seasonal factors and businesses’ adaptation to rapidly changing economic conditions.

By the end of the year, a high level of optimism among enterprises persisted. In December, the Business Climate Index stood at 58 points, increasing by 2 points compared to the end of 2024.

Sectoral and Regional Dynamics of the Business Climate Index

From a sectoral perspective, improvements in the business climate were recorded across most sectors of the economy in 2025. In the services sector, the index reached 58 points, representing an increase of 14.7%. In construction, the index stood at 57 points, up by 14.2%, while in industry it reached 54 points, increasing by 6.8%.

In agriculture, the index remained virtually unchanged at 56 points, indicating the persistence of previously established assessments of business conditions in this sector.

From a regional perspective, the annual average Business Climate Index increased compared to the previous year in 11 regions of the republic. In seven regions, the annual average value of the index reached 57 points.

The most pronounced improvement in business climate conditions was observed in Kashkadarya region, where the index increased by 27%, followed by Jizzakh region with a 23% increase and Khorezm region with a 17% increase. In the Republic of Karakalpakstan, growth amounted to 19%.

In Samarkand region, despite a slight decline in the index, the annual average business climate remained in positive territory at 51 points. In Tashkent region, the indicator remained unchanged at 44 points.

Business Expectations Regarding Price Dynamics and Demand

In terms of business expectations, inflationary and market assessments remained moderate in 2025. On average, 23% of companies expected price increases in the near term, which is 2 percentage points lower than in 2024.

During the year, the share of entrepreneurs expecting price increases fluctuated within the range of 18–27%, reaching a peak in April and the lowest levels in September and December. The highest price expectations were observed among enterprises in agriculture and construction, reflecting sector-specific cost structures as well as the impact of seasonal and weather-related factors.

At the same time, assessments of market conditions remained relatively strong. On average, 66% of entrepreneurs expected an increase in demand for goods and services, while 57% of companies planned to expand their workforce. Overall, the results indicate the persistence of positive expectations regarding business activity and employment, alongside more restrained assessments of price dynamics.

Assessments of Demand and Employment

The Employment Index in 2025 amounted to 43 points, corresponding to a 12% increase. The most significant growth was recorded in the services sector at 14%, construction at 17%, industry at 7%, and agriculture at 11%. Throughout the year, employment dynamics remained moderate, with sustained demand for labor.

The Demand Index also showed improvement. Its annual average value reached 48 points, representing an increase of 13%. The largest contribution came from the services sector, where the index increased by 19%, while in construction, industry, and agriculture the Demand Index rose by 6% in each sector. During the year, the index remained relatively stable, with stronger positive assessments in the second half of 2025.

Barriers to Entrepreneurial Activity

Over the course of the year, a gradual reduction in barriers to doing business was observed. According to the results, 60% of entrepreneurs reported that they did not face difficulties in conducting business, which is 6% higher than in 2024.

In industry, problems related to electricity supply decreased by 4%, high tax rates by 3%, and access to financing by 3%.

At the same time, in agriculture and construction, financing-related barriers declined significantly, by 7% and 5%, respectively.

Despite the overall reduction in complaints, financing remained the main obstacle cited by entrepreneurs in construction and industry, reported by 11% of respondents in each sector.

Overall, sectoral data indicate an increase in the share of entrepreneurs who do not face significant constraints, as well as a decline in the importance of financial and infrastructure barriers.

The Business Climate Change Indicator is constructed based on the methodology of the Ifo Institute (Germany). As part of the surveys, company managers assess current and expected changes in business activity based on developments in production, demand, prices, and other indicators.

CERR Sector for the Study of Competitiveness of Economic Sectors and Investment Activity
tel.: (78) 150 02 02 (441)

CERR Public Relations and Media Sector
tel.: (78) 150 02 02 (417)

On 23 September this year, a regular meeting of the Central Election Commission was held to discuss the accreditation of observers from abroad and from international organizations, as well as the organization of the activities of the Instant Information Center.

The interest of foreign countries and international organizations in the elections to the representative bodies of state power, which will be held this year in accordance with the updated electoral legislation, is extremely high.

In particular, it is expected that more than 1,000 international and foreign observers will participate in observing the elections, particularly about 400 from 50 countries, about 500 from 21 international organizations such as the Commonwealth of Independent States, the Office for Democratic Institutions and Human Rights of the Organization for Security and Cooperation in Europe, the Shanghai Cooperation Organization, the Organization of Turkic States and another 60 from the election commissions of 26 foreign countries.

It should be noted that the Office for Democratic Institutions and Human Rights of the Organization for Security and Cooperation in Europe intends to participate in the observation of the elections in Uzbekistan with a comprehensive mission consisting of a core group, long-term and short-term observers, about 350 observers in total.

The great interest of foreign states and international organizations in the elections in Uzbekistan testifies to the international community's recognition of the democratic reforms being carried out in our country.

Accordingly, it was decided at the Central Election Commission meeting to accredit observers from international organizations who will participate in the elections to the Legislative Chamber of the Oliy Majlis and the local Councils (Kengashes), and some observers from international organizations such as the Commonwealth of Independent States, the CIS Inter-parliamentary Assembly and the Office for Democratic Institutions and Human Rights of the Organization for Security and Cooperation in Europe were accredited.

As of today, foreign and international organizations wishing to accredit observers can log into the “E-Saylov” information system in their country and enter data electronically in a specific format and submit it for review.

Another notable aspect of this process is that new samples of mandates of accredited foreign observers are automatically generated electronically through this system.

Also at the meeting of the Central Election Commission, the relevant decision was taken on the establishment of the Instant Information Center – “Call Center” - and the approval of its statutes. The “Call Center” will receive citizens' complaints centrally and provide them with legal explanations and consultations in real time.

The main objectives of the “Call Center” are to establish a dialog with citizens in real time during the election campaign, to provide the population with complete and reliable information on the activities of the commissions, the stages of the electoral process, to create the necessary conditions for the unconditional realization of citizens' rights to vote and appeal, and to strengthen their awareness of electoral legislation and processes.

Central Election Commission Press Service

Dear participants of the conference!

Ladies and gentlemen!

First of all, from the bottom of my heart, I sincerely congratulate you, my dear ones, on the opening of today's prestigious event - the joint conference of the International Textile Federation and the International Association of Apparel Manufacturers.

I would like to express my special gratitude to the President of the International Federation of Textile Manufacturers Mr. Kei Vi Srinavasan and President of the International Association of Apparel Manufacturers Mr. Chem Altan for the fact that this joint conference is being held in Uzbekistan for the first time.

At the same time, I express my sincere gratitude to the high-ranking representatives of the industry, heads of prestigious international and regional organizations participating in this conference.

Welcome to the pearl of the ancient Great Silk Road, the land of craftsmen - the majestic city of Samarkand!

Dear participants of the conference!

In recent years we have taken decisive steps to radically improve the investment and business environment, create favorable conditions for foreign and domestic investors.

As in all spheres and sectors, we have been implementing large-scale reforms in the textile and garment industries.

First of all, the state monopoly in cotton cultivation has been abolished, and a cluster system has been created and is being consistently improved, covering the entire process from raw material procurement to the production of finished goods.

Our reforms in this area have won the recognition of prestigious international organizations, and the boycott of Uzbek cotton has been lifted. Our cooperation with the international coalition “Cotton Campaign” continues in this direction.

At the same time, as a result of creating a stable legislative framework, improving the investment environment and introducing new technologies, the volume of cotton fiber processing increased from 40 percent in 2017 to 100 percent. At the same time, the work on import of cotton raw materials and production of finished products with high added value began.

Thanks to the opportunities created in the sphere, the volume of textile production has increased 5 times, its export - 4 times.

The most important thing is that earlier a significant part, i.e. 70 percent of exports in the sector, was accounted for raw materials, while today 60 percent of exported goods are finished products.

In the first years of reforms, we identified as a priority task the development of human capital, training of the population, especially young people and women, in professions, training of qualified personnel for all sectors, and these issues will continue to be in the center of our attention.

Decent working conditions that meet international requirements are created for the employees of enterprises, and the “Better Work” and “Better Cotton” programs are systematically implemented.

Particular attention is paid to ensuring labor rights and providing full support to over 600,000 workers.

At the same time, decisive measures are taken to create national brands, attract prestigious international and foreign trademarks to our country.

Authoritative participants of the world market, such as “Teamdress” (Germany), “Cotonella” (Italy), “Indorama” (Singapore), “Posco International” and “Gwangyang” (South Korea) are effectively operating in the country.

Uzbekistan's textile industry is being actively integrated into global production processes, and the number of our reliable partners on all continents of the world is increasing.

It should be noted that long-term cooperation with foreign investors and international brands, increasing production of high value-added products, bringing national brands to the international level will remain our priorities in the textile industry in the future.

I am convinced that today's conference will serve as an effective platform for further strengthening and expanding cooperation in this area on an international scale, sharing best practices and ideas.

I hope it will contribute to further expansion of mutually beneficial cooperation between representatives of more than 500 national and international organizations, manufacturers and retailers participating in the conference, and will bring the development of the industry to a qualitatively new level.

We highly appreciate and support all mutually beneficial initiatives of our foreign partners. In particular, we are ready to provide all possible assistance in introducing the necessary standards for international brands to enter Uzbekistan.

We are ready to create all necessary conditions for prestigious international organizations to regularly hold conferences, exhibitions and fashion shows in our country, particularly in such cities as Bukhara, Khiva, Shakhrisabz, Margilan, Kokand, Namangan, Andijan, which have high tourism and industrial potential.

I am confident that the ancient history, rich cultural heritage of our country, meetings with our hard-working and generous people will make an indelible impression on you, and the huge socio-economic potential of our regions will encourage investors to implement new projects.

I congratulate you once again on the opening of the prestigious conference that is starting today and wish you all good health, happiness and prosperity, success in the fruitful work of the conference.


Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

On the eve of the 34th anniversary of our country's independence, the Executive Board of the International Monetary Fund has finalised the 2025 consultations in accordance with Article IV of the IMF Agreement. The main conclusion on the essence of the ongoing reforms is positive prospects for Uzbekistan's economic development against the backdrop of continued progress in the transition to a market economy. According to the published document, economic indicators remain strong, including sustainable growth rates, reduction of the consolidated budget deficit, current account deficit and sufficient level of international reserves.

Successful and effective implementation of structural reforms, according to the Fund's specialists, allows us to conclude that the prospects are favourable. Against the background of a high degree of uncertainty in global trade policy, the IMF baseline scenario predicts that real GDP growth will remain stably high in the coming years. Such trends are the result of economic openness, industrialisation, active investment policy and support for the formation of export potential of promising industries.

The set of reforms and effectively implemented decisions is consistent with available internal resources and reserves for long-term sustainable development of the country and regions. The course towards irreversible market transformations makes it possible to skilfully combine the instruments of targeted state support and opportunities for entrepreneurial initiative on the way to building a New Uzbekistan.

In recent years, as a result of openness and growing confidence in our country, there has been a progressive increase in capital investment. In 2017-2024, the total volume of foreign investment absorbed exceeded $113 billion. Foreign direct investment and loans account for more than 80 per cent of them. Activity in attracting finance is observed in the leading industries and the fuel and energy complex, which has a corresponding impact on the acceleration of industrialisation processes in almost all regions.

Increasing investment cooperation with China, Russia, Germany, Turkey, Saudi Arabia, the Netherlands, the USA, the UK and other countries is becoming a source of attraction of advanced technological solutions and expertise, management methods, localisation of production and strengthening the export potential of promising industries and regions of Uzbekistan. Attracted resources are mainly invested in the technological re-equipment and modernisation of existing production facilities and the creation of new production facilities that did not exist before.

Over the past eight years, investment programmes have launched more than 96,000 projects worth about $100 billion, creating 1.8 million jobs. In 2024, compared to 2017, the value of investment projects put into operation increased almost eightfold, and the number of jobs grew 2.6 times.

We emphasise the factor of active involvement of our Head of State in this process. As a result of visits and top-level events, 366 investment agreements worth $75 billion have been reached since the beginning of this year. In particular, this year road maps have been approved for 222 investment projects worth about $45 billion.

Within the framework of the IV Tashkent International Investment Forum (June this year), agreements were reached on investments worth more than $30 billion (for the implementation of 144 joint projects). In April 2025, on the margins of the 5th International Industrial Exhibition "INNOPROM. Central Asia", held in Tashkent, within the framework of the 43 investment agreements reached, it is planned to attract an additional billion dollars to the industrial sector of the country.

In recent years, there has been an active practice of holding events to inform the international community about opportunities for the implementation of joint projects. Thus, this year, forums were held in 13 foreign countries as part of the Investors' Day of Uzbekistan, attended by representatives of 700 well-known foreign companies. More than 200 investment projects worth six billion dollars were presented to potential partners.

Among the important elements of Uzbekistan's modern industrial policy is localisation of production of high quality and competitive products, reduction of imports of finished goods and components. In accordance with the Localisation Programme, which included about 10 thousand projects, almost 300 trillion soums worth of products have been produced over the period 2020-2024. This led to import substitution in the amount of about $25 billion. The Localisation Programme allowed the creation of new production facilities for previously imported goods, contributed to changing the sectoral structure of industry and reducing dependence on external supplies by expanding the range of products and services.

THE NUMBER OF EXPORTERS IS GROWING

The formation of an export orientation has become one of the main conditions for success in implementing the plans outlined for Uzbekistan's industrialisation. Over 2017-2024, the total volume of exports exceeded $132 billion. It is noteworthy that the average annual growth rate of the country's exports over the period was 12-23 per cent. As a result of systematic and targeted support for exporters, the geography of exports of domestic products expanded by 55 states in 2024 and reached 186 countries over the past eight years. Last year, the number of exporting enterprises increased by 3,143 and their total number totalled 7,343.

Only due to the increase in the share of exports of higher value-added products in 2024, shipments to foreign markets increased by a billion dollars. Entering new promising markets, in turn, requires a significant improvement in the quality of manufactured products and their compliance with international standards. As part of the GSP+ programme, we implemented a set of organisational and technical measures to obtain Global G.A.P., Organic, OEKO-Tex, BSCI, CE marking certificates for our products and transition to ISO standards at more than five thousand enterprises. This made it possible last year alone to provide additional exports of 617 types of products worth $1.4 billion to the European Union.

Transition to more demanding standards and technological processes makes it possible to achieve the goals of producing and selling products of a completely different quality in new markets. Export supplies of goods to developed countries confirm the correctness of the chosen strategy, demonstrating its undeniable results. For example, due to the expansion of export geography and correct response to the conjuncture, the selling prices of Uzbekistan's fruit and vegetable products last year increased by an average of 14 per cent.

The industrial trend of economic development, having ensured a technological leap in a number of sectors, has had a significant impact on the evolution of the commodity nomenclature of exports. Quite recently, Uzbekistan was associated as a country with a monoculture of cotton, and its products were practically the sole leader of exports with absolute dominance of raw materials. In this regard, according to IMF experts, there is a decline in the share of cotton fibre exports from 0.2 per cent of GDP to zero from 2021 in the long term. Today Uzbekistan exports more and more high-tech products, and by 2024 its nomenclature has reached four thousand items.

For example, compared to 2017, exports of primary goods fell by 22 per cent last year, while the share of exports of finished goods increased 3.3 times, semi-finished goods - 4.4 times, and exports of services increased 2.9 times. At the same time, the transition to advanced processing of cotton contributed to the doubling of exports of garment and knitwear products to one billion dollars. This allowed our country to become the second supplier of textile products in the Russian market.

Domestic products are becoming a recognisable national brand, enjoying trust and popularity among foreign consumers. Last year, the goods of about 300 Uzbek enterprises received registration on the well-known electronic commercial platforms Alibaba, Wildberries and Ozon. As a result, sales of our companies reached $680 million.

At the end of the first half of 2025, the volume of exports grew by 33 per cent year-on-year and approached $17 billion. Since the beginning of the year, 1,557 domestic companies have been added to the exporters, accounting for $650 million in shipments.

The steady trend away from raw material exports towards finished high-tech products and services (tourism, transport, construction, IT and others) continues.

INVESTMENT DIALOGUE

It should be noted that our country is building and effectively operating an institutional environment to address strategically important issues of industrial development with a clear export orientation by attracting foreign capital. For this purpose, the relevant ministry and state agencies responsible for this complex of issues, as well as organisations promoting interaction between the state and the private sector have been established.

The Council of Foreign Investors under the President of the Republic of Uzbekistan is an institutional platform for direct dialogue between the government and investors (including international financial institutions). The Council's work as an advisory and consultative body effectively promotes the attraction of foreign direct investment in priority sectors of the economy and the organization of quality business dialogue, taking into account international best practices.

The Council operates under the patronage of the President of Uzbekistan, who personally attends meetings of this body. In order to organise systematic work on attracting investments, the relevant decree of the leader of the country was adopted to implement the agreements reached at the last meeting of the Council. The document also implies ensuring the systematic implementation of initiatives and proposals put forward by the participants of the meeting, as well as measures to improve the activities of the Secretariat of the Council of Foreign Investors.

In parallel with the formation of an effective institutional environment, consistent work is being done to improve the legislative framework to ensure advanced industrial development, intensify investment processes and expand the export potential of industries and regions of the country. This process is under the close attention and direct involvement of Uzbek parliamentarians. As a result, in recent years more than 500 functions of the State in regulating business have been abolished, and about 70 functions have been transferred to public-private partnerships and outsourced to the private sector. Seventy-two types of licensed activities and 40 permits have been legally abolished to improve the business climate and simplify the business environment.

POSITIVE ASSESSMENT

These transformations are positively assessed by foreign rating agencies and organisations. Thus, according to the Index of Regulatory Restrictions on Foreign Direct Investment (Organisation for Economic Development and Cooperation), our country has the best rating among the Central Asian region. This year, the country's performance on the Heritage Foundation's Index of Economic Freedom, the indicators ‘Freedom of Trade’ and ‘Freedom of Investment’ has improved considerably.

Let us return to the assessment of the prospects of dynamics and effectiveness of reforms based on the results of the recent IMF consultations with Uzbekistan in accordance with Article IV of the IMF Agreement. According to the Fund's outcome document, the opportunities arising from accelerated structural reforms, increased income and capital inflows, and favourable commodity price dynamics are positive for Uzbekistan's sustainable development.

Analysis of industrialisation indicators, investment activity and expansion of export indicators testifies to the real effectiveness of the ‘Uzbekistan - 2030’ Strategy and a set of accompanying measures to strengthen the country's economic potential and international standing. This, in turn, becomes a demonstration of the irreversibility of reforms aimed at building an independent New Uzbekistan.

Deputy of the Legislative Chamber

of the Oliy Majlis of the Republic of Uzbekistan,

Doctor of Economic Sciences, Professor Durbek Akhmedov