Areas of Cooperation between Belarus and Uzbekistan in Strengthening Sustainable Transport Corridors in Eurasia

📅 03.07.2026

Belarus and Uzbekistan actively cooperate in the transport and logistics sector within the framework of the Coordinating Transport Conference of the CIS Member States (CIS CTC), the Organization for Cooperation of Railways (OSJD), and the Commonwealth Railway Transport Council (CIS RTC).

An additional basis for the development of bilateral and multilateral cooperation is the participation of both countries in the CIS and SCO, where issues of developing international transport corridors and strengthening transport connectivity between states occupy an important place on the cooperation agenda.

A practical result of cooperation is the steady positive growth in freight traffic between the Republic of Uzbekistan and the Republic of Belarus, which is one of the republic's key trade and transport partners.

In terms of export and import freight volumes, Belarus is among Uzbekistan's top ten trading partners. By the end of 2025, freight traffic between the two countries reached 850,000 tons, an increase of 30% compared to the previous year.

The structure of freight traffic is dominated by imports, primarily timber, timber products, and food products, while export volumes remain insignificant and consist primarily of agricultural products.

The current situation demonstrates significant potential for increasing mutual freight traffic, primarily through the expansion of Uzbek exports and the development of new logistics routes.

In the context of geopolitical conflicts and the diversification of global supply chains, the creation of new international transport corridors in Eurasia using mixed modes of transport in the East-West and North-South directions is acquiring strategic importance.

The following are promising cooperation projects:

1. Development of new, optimal alternative transport routes with access to seaports.

A promising area is the development of the international transport route "Belarus – Russia – Kazakhstan – Uzbekistan – Afghanistan – Pakistan – Indian Ocean ports," which utilizes the shortest railway section running through Kazakhstan between the Dina Nurpeisova and Karakalpakstan stations.

On November 1, 2023, in Tashkent, at the SCO Transport Forum, the transport ministers of Uzbekistan, Russia, and Kazakhstan signed a Memorandum of Understanding on the creation and development of this corridor. Belarus and Pakistan joined the Memorandum in 2024, and negotiations are currently underway to add Afghanistan.

The economic logic of the project is very clear. The corridor is approximately half the length of existing alternative routes and reduces delivery times by 2-3 times. It will directly connect the countries of the European Union and the CIS with Southeast and South Asia via a land-based rail and road route, increasing our countries' transit potential by transporting goods to the densely populated countries of South Asia – India and Pakistan – via the Uzbekistan – Afghanistan – Pakistan route.

In the future, joint work is planned to develop uniform standards for the operation of the international transport corridor, including the introduction of a single shipping document and the unification of technological and technical standards.

It should be noted that the new route through Uzbekistan, Afghanistan, and Pakistan will contribute to the diversification of the geography and structure of foreign trade and will lead to an increase in the region's transit potential.

This potential is already being demonstrated in practice. In the first quarter of 2026 alone, freight transit to the south through Uzbekistan increased by 23% compared to the same period last year, reaching 1.8 million tons, of which 1.3 million tons were transported by rail and 0.5 million tons by road.

1. Cooperation in Transport Personnel Training.

A significant element of the long-term partnership is cooperation in the training and advanced training of transport specialists.

Belarus has a recognized track record in transport training. For example, the Belarusian State University of Transport in Gomel is a leading specialized educational and research institution, which includes the Institute for Advanced Training and Retraining of Personnel and the Research Institute of Railway Transport.

Developing cooperation between the Belarusian State University of Transport and specialized organizations in Uzbekistan, particularly the Tashkent State Transport University, would enable the organization of internships and advanced training programs for specialists, the development of academic mobility for undergraduate, graduate, and postgraduate students, and joint research in priority areas of rail transport development, multimodal transportation, and international transport logistics.

III. Digitalization of Permit Exchange for Road Transport.

A separate practical area is the transition to the electronic exchange of permit forms—the E-permit system. Uzbekistan currently fully implements this exchange with Azerbaijan, Kazakhstan, Kyrgyzstan, China, and Turkey, and partially with Tajikistan. Work is underway to launch it with Turkmenistan.

Implementing this system in cooperation with Belarus will ensure transparency in permit distribution, eliminate human error, and strengthen oversight of their use, which is especially relevant given the growing volume of road transport between the countries.

Thus, cooperation between Belarus and Uzbekistan in transport and logistics goes beyond increasing mutual traffic and acquires a strategic dimension.

The implementation of these projects—from a multimodal corridor to Indian Ocean ports to the digitalization of permitting procedures—could transform our countries' geographical location into a real competitive advantage, making the Belarus-Uzbekistan-South Asia route convenient, fast, and predictable.

Joint and consistent work in these areas will strengthen economic ties between the two countries and make a significant contribution to the development of sustainable transport connectivity in the Eurasian space.

 

Head of Department, Center for the Study of Transport and Logistics Development Problems under the Ministry of Transport of the Republic of Uzbekistan Dildora Ibragimova

Two Nations — One Culture

📅 18.03.2026

Cultural ties between Uzbekistan and Tajikistan are among the key factors bringing the two countries closer together. This cooperation continues to strengthen the historical, spiritual, and cultural affinity between the two peoples. In recent years, collaboration in the cultural sphere has entered a new phase and become more active through a growing number of festivals, concerts, film events, and theatre tours.

At the same time, the sincere and warm relationship between the leaders of the two states further reinforces this cooperation. Mutual visits by the heads of state, their joint participation in cultural events, and initiatives aimed at supporting culture and the arts deepen friendship and mutual respect between the two nations and give fresh momentum to cultural cooperation.

The legal foundation for cooperation in the cultural sector is the Agreement between the Government of the Republic of Uzbekistan and the Government of the Republic of Tajikistan on deepening cooperation in the fields of culture, science, education, tourism, and sport, signed on 16 January 1994, as well as the Cultural Cooperation Programme for 2024–2026 adopted by the two countries’ ministries of culture. These documents have created a solid legal framework for developing cultural ties and implementing joint projects.

Today, cultural cooperation between Uzbekistan and Tajikistan is expanding across multiple areas. Cultural forums, festivals, joint concert programmes, theatre tours, and film days are held on a regular basis. Over the past four years, the Minister of Culture of Uzbekistan and his deputies have visited Tajikistan 11 times, while the Minister of Culture of Tajikistan and his deputies have made 8 visits to Uzbekistan. This clearly demonstrates the steady development of cultural relations between the two states.

A number of major cultural events have also been organised within the partnership. “Days of Uzbek Culture” have been held repeatedly in Dushanbe, while “Days of Tajik Culture” have taken place in Tashkent. In addition, concert programmes titled “Friendship Evening” were staged in both countries, with the participation of the two nations’ leaders.

Representatives of Tajikistan also take an active part in international festivals held in Uzbekistan. In particular, Tajikistan’s “Lola” dance ensemble won an award at the International Dance Festival “Lazgi,” while a soloist of the Tajik National Conservatory achieved a high result at the International Maqom Art Forum. This reflects the cultural harmony between the two peoples and the tangible outcomes of cooperation.

Joint initiatives are also being implemented in the film industry. Specifically, the Cinematography Agency of the Republic of Uzbekistan and Tajikistan’s state institution “Tojikfilm” signed a memorandum to produce the feature film “Starry Sky: Jami and Navoi.” The film has been produced, and editing work is currently under way. Furthermore, in 2024 Tajikistan hosted the “Days of Uzbek Cinema,” and in 2025 Tashkent hosted the “Days of Tajik Cinema.”

One of the major cultural events of 2025 was the celebration of Navruz in the city of Khujand (Tajikistan). The leaders of Uzbekistan, Kyrgyzstan, and Tajikistan took part, and a joint concert featuring artists from all three countries was organised. In addition, Uzbek theatre companies toured in Dushanbe, while Tajik performers took part in international music festivals held in Tashkent.

The Minister of Culture of Tajikistan also participated in the first meeting of Central Asian Ministers of Culture, where issues related to further strengthening regional cultural cooperation were discussed.

Looking ahead, a number of new initiatives are planned to broaden cultural cooperation. These include holding the “Days of Tajik Culture and Cinema” in Uzbekistan, organising the “Friendship Evening” concert programme, arranging theatre tours, and hosting the three-generation gathering “Navro‘zi olam.” It is also planned to sign a new programme of cultural cooperation activities for 2026–2027.

In conclusion, cultural cooperation between Uzbekistan and Tajikistan continues to develop steadily, reinforcing friendship and mutual understanding between the two peoples.

Uzbekistan: Strengthening cooperation within the Turkic World and new horizons of development

📅 12.05.2026

On May 15, 2026, an informal summit of the Organization of Turkic States will be held in the city of Turkestan.

 

The upcoming high-level event will serve as a vital platform for discussing pressing issues of cooperation and defining the next priority areas for the development of interaction among member states.

The formation of the Turkic integration space has a multi-century history, rooted not only in the commonality of language, culture, and historical heritage but also in the rich traditions of enlightenment and intellectual thought of the Turkic peoples. The Jadidism movement of the late 19th and early 20th centuries played a pivotal role in shaping the ideas of cultural and spiritual rapprochement. Its representatives advocated for education, science, social modernization and the strengthening of ties between the Turkic nations.

The first summit of the heads of Turkic-speaking states was held in 1992 in Ankara at the initiative of Turkish Prime Minister Turgut Özal. In the 1996 Tashkent Declaration, the heads of state solidified the provision for establishing a Secretariat. Over the following years, this format evolved consistently, leading to the establishment of the Cooperation Council of Turkic-Speaking States in Nakhchivan in 2009. At the 2021 Istanbul Summit, a decision was made to transform the entity into the Organization of Turkic States (OTS). This reflected the expansion of the organization's activities and its growing international significance.

The primary objective of the organization is to develop comprehensive cooperation among the member states - Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye and Uzbekistan. Priority tasks include strengthening mutual trust and good-neighborly relations, coordinating foreign policy positions and expanding cooperation in trade, economic, transport, energy, and cultural-humanitarian spheres. Special attention is paid to creating favourable conditions for trade and investment, developing scientific and technical cooperation and improving the living standards of the region's population.

The organizational structure of the OTS includes a number of key institutions that coordinate multilateral cooperation. The Council of Heads of State is the supreme body, which defines strategic development goals and holds regular meetings. The Council of Elders of the Organization of Turkic States serves in a consultative capacity. Bringing together influential representatives from member states, it serves to strengthen the traditions of mutual understanding and trust within the Turkic world.

Uzbekistan has been an active participant in the processes of bringing Turkic states closer and developing multilateral cooperation within this format from the very beginning. A new turning point was President Shavkat Mirziyoyev's participation as a guest of honour in the 6th Summit of Turkic-Speaking States, held on September 3, 2018, in Cholpon-Ata, Kyrgyzstan. This step provided a new impetus to the organization's development. In 2019, the Republic ratified the Nakhchivan Agreement, officially formalizing its full-fledged participation in the activities of the OTS.

With Uzbekistan’s accession, the organization’s activities and the cooperation agenda among member states have intensified significantly. At the summits held between 2019 and 2025, the President of Uzbekistan put forward 116 initiatives aimed at deepening multifaceted cooperation. To date, 64 of these have been implemented, with several other projects currently in their final stages. These figures demonstrate Uzbekistan’s systematic and practical approach toward developing integration processes within the Turkic space.

The implemented initiatives cover a comprehensive range of areas. In the fields of economy and transport, the introduction of the “e-Permit”, “Digital TIR” and “Green Corridor” systems - aimed at streamlining logistics processes and developing the region's transit potential - has been of particular importance. In the tourism sector, key highlights included the declaration of Kokand as the Tourism Capital of the Turkic World and the implementation of the “Tabarruk Ziyorat” (Sacred Pilgrimage) project, which serves to develop pilgrimage tourism.

Cooperation in the fields of youth policy, science, and education is developing actively. Youth leadership forums, international conferences, and events within the framework of the Turkic Universities Union are being held regularly. At the same time, significant attention is paid to innovative development - IT forums, startup platforms and meetings of sectoral agencies are organized, including cooperation in the space industry and defence sectors. This reflects the striving of member states to form a unified technological space.

Uzbekistan's chairmanship, which began following the outcomes of the 2022 Samarkand Summit, holds particular significance for the development of the Organization of Turkic States. During this period, the country not only intensified practical cooperation but also introduced institutional innovations to the organization's activities. In particular, for the first time, the practice of developing a comprehensive Concept and Action Plan for the chairmanship period was introduced. This made it possible to give the cooperation a more systematic and consistent character. Within the framework of the chairmanship, more than 100 events were held at various levels, covering key areas from economy and transport to science, culture and education.

Today, OTS agenda is being shaped taking into account the interests of all participating states, with each country contributing to the development of integration processes.

Economic cooperation within the OTS framework demonstrates steady positive growth. According to the results of recent years, Uzbekistan's trade turnover with the member states of the organization has been consistently increasing and exceeded USD 10.8 billion in 2025. Kazakhstan and Türkiye remain our country's primary trading partners. At the same time, an increase in bilateral trade with other member states is also being observed. This indicates the deepening of economic integration and cooperation ties within the region.

From this perspective, the upcoming summit of the Organization of Turkic States to be held in the city of Turkistan will serve as a vital platform for discussing future directions of multilateral cooperation and developing new joint initiatives. Given the summit's theme, special attention is expected to be paid to digital transformation, the development of joint innovation ecosystems, the implementation of artificial intelligence technologies, strengthening cooperation in digital infrastructure and the training of highly skilled modern personnel.

At the same time, discussions are planned to cover the strengthening of trade and economic ties, the development of transport and logistics connectivity, the expansion of investment cooperation, as well as the promotion of joint high-tech and innovative projects within the Turkic space.

According to experts, Uzbekistan, as a supporter of deepening practical cooperation and strengthening mutual trust within the Turkic space, will continue to actively contribute to the realization of the organization’s common goals. The expected agreements and initiatives are anticipated to provide a new impetus to integration processes, serve the sustainable development of the region, and further enhance the international prestige of the Organization of Turkic States.

 

Dunyo IA

The President of Uzbekistan noted the priorities of expanding partnership with the World Bank

📅 02.10.2024

President of the Republic of Uzbekistan Shavkat Mirziyoyev met with World Bank Vice President for Europe and Central Asia Antonella Bassani on September 30.

The sides considered topical issues of further expansion of strategic cooperation with the World Bank Group and support of this leading international financial institution to the ongoing reform program in New Uzbekistan.

At the beginning of the meeting, Vice President Antonella Bassani conveyed to the head of our state sincere greetings and best wishes of World Bank President Ajay Bangui.

During the conversation, the current high level and fruitful nature of bilateral cooperation were noted with deep satisfaction.

In recent years, our country has become one of the largest partners of the Bank - the portfolio of projects has increased several times and now exceeds 12 billion dollars.

The World Bank supports the implementation of important reforms aimed at ensuring the sustainability of economic and social sectors. Since July this year, the Bank's regional office has been operating in Tashkent.

Such areas as poverty reduction, transformation of state-owned enterprises and banks, decarbonization, support for WTO accession and others have been identified as priorities for further expansion of the partnership.

Special attention was paid to the programs of urbanization and integrated development of regions, modernization of energy and irrigation infrastructure, support to the private sector.

There was also an exchange of views on the promotion of regional projects.

Uzbekistan – OTS: Cooperation on the Path of Sustainable Development and Progress

📅 08.10.2025

President of Uzbekistan Shavkat Mirziyoyev arrived in the Azerbaijani city of Gabala to participate in the summit of the Organization of Turkic States (OTS).

 

Due to its geographical position, historical ties, and natural resources, the Organization of Turkic States is becoming an increasingly significant platform for cooperation at this new stage of development. At the same time, OTS serves as a cultural bridge, fostering closer ties between the peoples of its member countries.

The Organization is based on the principles of equality and mutual interest, non-interference in internal affairs, and respect for the sovereignty of states - principles widely recognized by the international community.

The OTS comprises five member states: Azerbaijan, Kazakhstan, Kyrgyzstan, Turkiye, and Uzbekistan. Hungary, Turkmenistan, and the Economic Cooperation Organization hold observer status.

The current name of the Organization was introduced on November 12, 2021, at the initiative of the President of Uzbekistan. Previously, it was known as the Cooperation Council of Turkic Speaking States.

The primary goal of the OTS is to strengthen trust and multifaceted ties among the brotherly nations, to promote cooperation in trade, economy, energy, transport, tourism, cultural and humanitarian spheres, and to coordinate efforts to ensure peace and security in the region.

The conceptual foundation for achieving these objectives is the “Turkic Vision – 2040” program, adopted following the Eighth Summit of Heads of State held in Istanbul in November 2021.

For Uzbekistan, which joined the Organization in 2019, participation has become an important step not only in strengthening economic and political ties but also in preserving and developing the shared cultural identity of the Turkic world.

Uzbekistan chaired the OTS in 2022–2023, beginning with the Samarkand Summit in November 2022 under the motto “A New Era of Turkic Civilization: Towards Common Development and Prosperity”.

During its chairmanship, more than 100 events were held, and new platforms for practical cooperation were created. Uzbekistan pursued an open, inclusive, and diverse model of interaction, embracing various regions and civilizations.

The adoption of the “OTS Strategy for 2022–2026” at the Samarkand Summit became a major milestone. This document marked the first roadmap for the implementation of the “Turkic Vision – 2040” concept.

President Shavkat Mirziyoyev has actively participated in OTS summits since Uzbekistan joined the Organization. In particular, he took part in the meetings of the Council of Heads of State on November 6, 2024, in Bishkek and May 21, 2025, in Budapest.

These meetings focused on the current state and future prospects of multilateral cooperation, as well as key issues of practical partnership.

In his address at the informal summit in Budapest, the President emphasized the complexity of today’s geopolitical and geo-economic situation, the intensification of regional conflicts, and the impact of climate change.

He stressed the importance of resolving international issues based on international law and the UN Charter, and the need for common positions and coordinated approaches among member states.

Speaking about the development of practical cooperation within the OTS, the President noted the enormous untapped potential and put forward several new initiatives.

Particular importance is attached to Uzbekistan’s proposal to sign a Treaty on Strategic Partnership, Eternal Friendship, and Brotherhood among the Turkic States, which would represent a significant step toward deeper unity and the creation of a long-term legal foundation for multilateral cooperation.

“Last year, we proposed developing a treaty on strategic partnership, eternal friendship, and brotherhood among the Turkic states. Today, the significance of this document is growing. Undoubtedly, it will promote further unity among our peoples and solidify the long-term legal framework for multilateral cooperation. I propose signing this document at the summit in Baku”, - the President stated.

Since 2019, President Shavkat Mirziyoyev has put forward 98 practical initiatives at OTS summits aimed at advancing multilateral cooperation. More than 70 have already been implemented, and about 30 are in the process of realization.

For Uzbekistan, the main priority within the OTS is the economy. The country is currently focused on boosting exports, attracting investment, creating jobs, addressing unemployment, and reducing poverty. All these goals are closely tied to global economic integration, where the OTS format can support further coordination and development of production chains.

The total area of the OTS member states is approximately 4.2 million square kilometers, with a combined population of over 170 million - representing vast opportunities and a substantial market.

Under existing agreements, the OTS is viewed as an effective mechanism for regional cooperation with great integrative potential. Trade and economic indicators between member states are growing every year.

Today, OTS countries collectively rank third - after China and Russia - among Uzbekistan’s external trade partners. In 2024, mutual trade volume reached nearly $10 billion, accounting for about 15% of the country's total foreign trade.

Trade relations with Kazakhstan - Uzbekistan’s largest trade partner within the OTS - and Turkiye - the second largest - are showing particularly strong growth. By the end of 2024, trade turnover with Kazakhstan reached $4.28 billion, and with Turkiye, $2.9 billion.

Trade with Azerbaijan also continues to show positive dynamics. Notably, mutual trade volumes with OTS partners are setting new records each year.

Uzbekistan’s key exports to OTS markets include textiles, electrical products, automobiles, fruits and vegetables, and non-ferrous metals. Imports from OTS countries consist of rolled metal, aluminum, mechanical tools, construction materials, petroleum products, and a significant portion of grain and other food items.

To maintain and accelerate this positive trend, it is crucial to implement President Shavkat Mirziyoyev’s initiatives, including the creation of the “TURK-TRADE” online platform to facilitate and speed up trade operations, and the adoption of a Program of Practical Measures to Expand Trade aimed at increasing mutual trade volumes.

Industrial cooperation is also a vital area. Uzbekistan is actively supporting the development of this sector and promoting the establishment of new enterprises with capital from OTS countries. This year, the number of such enterprises is expected to reach approximately 4 thousand, representing a 60% increase compared to 2019. Their share in the total number of foreign-capital enterprises in Uzbekistan is projected to reach approximately 20%.

Transport cooperation is receiving special attention. OTS countries are steadily increasing their role in global transit. In 2024, freight traffic through the Middle Corridor reached 4.5 million tons - almost six times more than in 2020. This growth underscores the strategic importance of infrastructure projects like the China–Kyrgyzstan–Uzbekistan railway.

Member countries are also working to ensure secure and reliable transport and energy corridors across the Caucasus and Central Asia. These efforts not only facilitate trade expansion but also contribute to economic independence and regional prosperity.

Uzbekistan is actively involved in cultural and historical heritage preservation and promotion. In education, the country supports student and scholar exchange programs, strengthens cooperation between universities and research centers of Turkic states, and promotes joint academic initiatives and knowledge-sharing platforms. Key areas of Uzbekistan’s proposals also include projects in energy and environmental protection.

In conclusion, President Shavkat Mirziyoyev's participation in the OTS summit in Azerbaijan will be another important step in advancing forward-looking initiatives for the development of the Turkic world and strengthening peace and stability in the region. This visit will also serve as a new impetus for the consolidation of unity and the enhancement of the well-being of the peoples of the Turkic states.

 

 

“Dunyo” IA

Uzbekistan embraces the language of international law and becomes part of the global financial system

📅 17.07.2026

The President of Uzbekistan signed the Constitutional Law “On the Tashkent International Financial Center”.

 

In the legal hierarchy of the state, a Constitutional Law ranks immediately after the Constitution. This means that no agency, no instruction and no by-law may contradict its provisions. For an investor, especially an international one, this is the highest form of legal guarantee: capital flows to where it cannot be taken away tomorrow.

The signing of the Constitutional Law was accompanied by amendments to the Basic Law and dozens of legislative acts — the Criminal, Civil, Tax and Customs Codes, as well as laws on banks, securities, investment, auditing and many others.

Article 15 of the Constitution has been supplemented with a provision stating that a special legal regime may be established in special zones within the country's unified legal space. This legitimizes the existence of the TIFC as a jurisdiction with different rules within Uzbekistan, without contradicting the Basic Law.

Article 131 of the Constitution has been supplemented with a provision allowing for the establishment of specialized courts in zones with a special legal regime, which forms the constitutional basis for the Tashkent International Commercial Court.

The Tashkent International Financial Center is being established as an independent entity with clearly defined boundaries that cannot be arbitrarily reduced once it becomes operational.

The legal system of the TIFC is based on English law and the principles of equity of England and Wales. This is the very system under which the world’s largest financial centers operate. It is familiar and well understood by global banks, investment funds and multinational corporations. In other words, it is the language of international capital.

All decisions taken by the center's bodies are published in the official register in English, which is an important signal for foreign participants. The translation barrier, which often becomes a source of dispute, is eliminated here from the outset.

Particular attention should be paid to the establishment, within the TIFC, of the Tashkent International Commercial Court, which will become an institution of trust. The court enjoys full independence, and no agency or state body has the right to instruct it or interfere in its activities. Judges may be citizens of any state — specialists in international trade law, finance, technology and arbitration — which opens the way to attracting judges of international standing and reputation.

It is also important that the rulings of the Tashkent International Commercial Court are binding throughout the territory of Uzbekistan and cannot be reviewed by the country’s ordinary state courts, except in strictly defined cases. The court consists of a court of first instance and a court of appeal.

The law establishes a clear and exhaustive list of protective mechanisms for TIFC participants. First and foremost is the prohibition on confiscation, nationalization, expropriation and the freezing of assets other than by court order and strictly in accordance with the law.

Participants of the Tashkent International Financial Center are guaranteed freedom of capital movement and the right to conduct transactions in foreign currency and digital assets within the limits established by the Financial Services Authority together with the Central Bank of Uzbekistan. The right to freely repatriate capital is also provided for — that is, the ability to transfer profits abroad without administrative obstacles.

A separate set of provisions sets out the tax and customs regime. The TIFC's bodies and the structures under their control are exempt from corporate income tax and the social tax. This benefit is fixed until 1 January 2076 — that is, for 50 years. This is not a tactical incentive but a strategic guarantee designed to span a change of generations.

The list of services that participants may provide within the center covers the entire spectrum of the modern financial industry. These include banking and insurance activities, management of investment and pension funds, trust structures, leasing, crowdfunding, Islamic finance, work with digital assets, market-making, and transactions with securities of all classes — shares, bonds, sukuk and derivatives.

In addition to the financial sector, activity is permitted in auditing, consulting, legal and accounting services, corporate governance, and financial-technology (fintech) startups. Provision is also made for the establishment of holding companies, special-purpose vehicles and treasury companies.

The law also establishes a special visa regime for foreign nationals working at the Tashkent International Financial Center. An entry visa valid for up to five years can be obtained directly at Tashkent International Airport. Foreign specialists may be hired without obtaining work permits in Uzbekistan, which significantly simplifies the recruitment of global talent.

The Tashkent International Financial Center is governed through four bodies: the TIFC Council, the Administration, the Financial Services Authority, and the Tashkent International Commercial Court. Each operates within strictly defined powers and has no right to interfere in the sphere of competence of another.

The composition of the Council is approved by the President of Uzbekistan. At least one-third of the Council's members must be independent specialists in international finance and law who have never held positions within the government system of Uzbekistan. This serves as a safeguard against the governing body turning into just another administrative structure.

Council members (other than the chairperson) are appointed for a term of five years and may be removed early only on grounds provided for by law. The stability of the governing body's composition is another form of predictability for market participants.

Thus, the creation of the Tashkent International Financial Center is not merely another economic development project. It is a declaration of intent, enshrined at the highest legal level. Uzbekistan wants — and is ready — to become part of the global financial system as a fully-fledged platform operating under clear, internationally recognized standards.

Half a century of tax incentives, English law, an independent international court, constitutional guarantees for the protection of capital, and simplified visa procedures — each of these elements is, on its own, a competitive advantage. Together, they form a system capable of attracting long-term, institutional, smart capital.

 

Dildora Kamalova
Member of the Legislative Chamber of the Oliy Majlis of Uzbekistan

(Dunyo IA)

Further tasks for the development of competition were discussed

📅 06.08.2024

On August 5, President Shavkat Mirziyoyev familiarized himself with the presentation of measures aimed at developing competition.

The ongoing efforts to reduce the state presence in the economy and curb large monopolies have a positive impact on the competitive environment. In particular, over the last five years the competitive environment has improved in more than 25 goods. Exclusive rights that restricted competition in 7 types of activities have been abolished. The number of enterprises with state participation decreased by 42 percent, while the number of private business entities increased by 1.6 times.

Last year the Law "On Competition" was adopted in a new version. The Committee for Competition Development and Consumer Protection was given additional effective powers. According to the studies conducted on this basis, in some organizations there are such phenomena as anticompetitive decision-making, direct contracts, use of dominant position in trade.

In this regard, a Competition Development Framework has been developed to enhance the coverage and effectiveness of competition in this area. This concept defines further tasks to reduce government involvement in the economy, liberalize market access and create a level playing field for entrepreneurs.

Thus, it is planned to abolish regulations and redundant requirements that impede the free access of business entities to markets. It is envisaged to introduce relaxations aimed at reducing the regulatory burden, in particular, permitting procedures and licenses will be replaced by compulsory liability insurance.

Independent market regulators will be introduced in the spheres of natural monopolies. The participation of natural monopoly entities will be limited in commodity markets related to natural monopolies and where there is an opportunity to develop competition.

The scale of direct public procurement will be reduced, and it will be completely switched to competitive methods. It is envisaged to abolish the provision of state aid of an individual nature that restricts competition, including exclusive rights, privileges, preferences and relaxations.

By means of mutual integration of information systems of state bodies, digital monitoring of all links in the chain of pricing of socially important products will be established. A system of non-disclosure and encouragement of persons who have provided information on cases of anticompetitive agreements and actions, collusions will be introduced.

In general, as a result of the implementation of this concept, measures will be taken to gradually eliminate 17 types of state monopoly in a number of areas, such as energy, oil and gas sector, water management, road construction, railroad and airport services. Anti-competitive actions in public procurement will be curbed and transparency of these processes will be ensured. Commodity exchanges will increase supply and expand the choice opportunities for buyers.

The President gave additional instructions to continue work in this area, to ensure free market principles, and to develop entrepreneurship. The need to reduce the state's share in the economy and to gradually transfer certain functions to the private sector was emphasized. The task has been set to constantly analyze the state of competition on commodity, financial and digital markets and to make proposals to improve procedures.

Over the last three years, over 2,000 acts contradicting the competition law have been identified locally. In most cases, these are documents of local khokimiyats and ministries. In this regard, it was noted that it is necessary to intensify the work of territorial departments of the Committee for Competition Development and improve the qualification of personnel.

It was also pointed out the importance of increasing openness and strengthening the work on publicizing the activities of the Committee. It was emphasized that this is important to prevent violations of the law and to create a transparent environment.

Business Climate Improved Across All Key Sectors of the Economy – CERR Survey

📅 19.03.2026

According to the survey results, entrepreneurs are increasingly reporting higher demand, employment growth, and an overall improvement in business conditions.

The Center for Economic Research and Reforms (CERR) presented the results of its business climate analysis based on monthly surveys of entrepreneurs across the country.

Based on the collected data, a composite Business Climate Index has been developed, reflecting both current business conditions and expectations for the next three months.

Business Climate Dynamics in Uzbekistan

As of February 2026, the composite Business Climate Index reached 65 points (on a scale from −100 to +100), which is 11 points higher than in the same period last year.

The improvement in the business climate was primarily driven by rising business expectations, which increased by 13 points to 81. Additional support came from improved assessments of current business conditions, which rose by 10 points to 51.

The survey indicates positive trends across key business activity indicators. The share of entrepreneurs assessing the current business situation as “good” increased to 44%, compared to 38% in February of the previous year.

The proportion of enterprises that increased their workforce rose to 19%, up from 12% a year earlier. Meanwhile, 34% of respondents reported an improvement in business conditions over the past three months, compared to 28% last year.

In addition, 39% of respondents reported increased demand for their products, up from 22% in the same period last year.

Sectoral Dynamics of the Business Climate Index

In a sectoral breakdown, improvements in the business climate were observed across all major sectors of the economy compared to the previous year.

The most significant improvement was recorded in agriculture, where the index increased by 29 points to reach 73. This growth was driven by both improved current conditions and a substantial rise in expectations.

The share of entrepreneurs assessing conditions as “good” rose to 56%, compared to 41% a year earlier. Meanwhile, 52% reported increased demand (35% previously), and 49% noted an improvement in the business environment over the past three months (32% previously).

In the services sector, the business climate index increased by 8 points to 61. While assessments of current conditions remained relatively stable, expectations improved.

Entrepreneurs maintain strong expectations regarding demand in the coming three months, with 72% reporting anticipated growth, close to last year’s level (71%). At the same time, employment has been gradually increasing, with the share of firms expanding their workforce rising to 16%, compared to 12% previously.

In the construction sector, the business climate index rose by 8 points to 69. Improvements were observed in both current assessments and expectations. Entrepreneurs are increasingly reporting higher employment and demand, reflecting stable sectoral dynamics.

The share of respondents reporting improved business conditions over the past three months increased to 34%, compared to 26% a year earlier. Meanwhile, 27% reported workforce expansion (15% previously), and 80% expect demand to increase in the next three months, up from 77% last year.

In industry, business climate growth was more moderate, increasing by 2 points to 67. At the same time, business expectations remain high, with continued growth in demand and gradual employment expansion.

Over the past three months, 32% of entrepreneurs reported increased demand, compared to 29% a year earlier. Workforce expansion was noted by 22% (13% previously), while 77% expect further demand growth in the next three months, also exceeding last year’s level.

Barriers to Business Activity

According to the survey, 61% of entrepreneurs reported no constraints in their operations, up from 57% in the previous month, indicating an overall improvement in the business environment.

Compared to the previous month, the share of respondents reporting difficulties related to access to credit, electricity supply, transport, and logistics has declined. At the same time, there has been a moderate increase in concerns related to access to land resources, utility costs, and tax rates.

CERR Sector for Competitiveness and Investment Activity Analysis

Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector

Tel: (78) 150 02 02 (417)

Central Asia and Azerbaijan: Prospects for a Common Transport Area

📅 21.07.2026

Amid the transformation of global supply chains and rapid geopolitical shifts in the world economy, the formation of sustainable and secure transport corridors connecting Asia and Europe has become particularly crucial. In this context, cooperation between the countries of Central Asia and Azerbaijan in the transport and logistics sector is becoming a key factor in ensuring regional trade stability, diversifying transport routes, and deepening economic integration across the Eurasian space.

Central Asia and Azerbaijan are united by a centuries-old history, culture, religion, and shared values. Today, this unified historical and cultural space is also emerging as a geoeconomic region of growing strategic importance. Due to its geographical location, Azerbaijan serves as a bridge connecting Central Asia via the Caspian Sea to the South Caucasus, Turkey, and European countries. In turn, the countries of Central Asia provide Azerbaijan with access to the dynamically growing markets of China and South Asia. This very complementarity creates a solid foundation for long-term cooperation in transport and logistics.

The seventh Consultative Meeting of the Heads of State of Central Asia, held on November 15–16, 2025, in Tashkent under the chairmanship of President of the Republic of Uzbekistan Shavkat Mirziyoyev, was of historic significance for the institutional development of regional cooperation. One of the most important outcomes of the summit was the admission of Azerbaijan as a full-fledged member of this format. This accession, unanimously supported by all heads of state, resulted in the formation of a new "Central Asia and Azerbaijan" cooperation framework.

The Trans-Caspian International Transport Route (the Middle Corridor) is central to this cooperation. In recent years, attention to this route has grown steadily: by the end of 2025, the total volume of freight traffic along the Middle Corridor exceeded 4.7 million tons.

This route is particularly significant for Uzbekistan. Over the past five years, the volume of Uzbek freight transported via the Middle Corridor has doubled, reaching 1.3 million tons by the end of 2025. While the share of goods transported along this corridor to and from EU countries was 12% in 2021, this figure rose to 28% by 2025.

To increase the freight volume along the Trans-Caspian Transport Route to 1.5 million tons, the joint Working Group holds regular meetings to discuss measures for expanding capacity and increasing freight traffic across the Caspian Sea, as well as the acquisition of vessels.

At the same time, to enhance the appeal of international transport corridors passing through its territory and to establish alternative transport routes linking Central Asia with the Eurasian transport network, Uzbekistan is implementing a number of strategically important infrastructure projects. The China-Kyrgyzstan-Uzbekistan railway construction project, being carried out with the active participation of Uzbekistan, holds a special place among them.

According to expert calculations, this route will form the shortest corridor from China to Europe and the Middle East, reducing the distance by 900 kilometers and cargo delivery times by 7-8 days. It is expected that after the project's launch, cargo traffic along this route, including through the Middle Corridor, will increase sharply.

Pending the completion of the railway, Uzbekistan is developing this corridor by organizing freight transport along the "China–Kyrgyzstan–Uzbekistan" route using the existing international highway network.

The international multimodal route "Asia-Pacific Region – China – Kyrgyzstan – Uzbekistan – Turkmenistan – Azerbaijan – Georgia – Turkey – Europe" (CASCA+) is being actively developed as an effective mechanism for coordinating cargo flows. In 2025, container shipments along this route reached 6,722 TEU, a 47% increase compared to 2024. The annual provision of tariff preferences of up to 70% by the participating railway administrations contributes to the steady growth in the volume of mutually beneficial transport.

Furthermore, the establishment in 2024 of the "Eurasian Transport Route" association, with the participation of the railway authorities of Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, Georgia, Turkey, and Tajikistan, has created an institutional platform for the prompt removal of logistical barriers along this corridor.

Another promising transport artery is the "Uzbekistan–Afghanistan–Pakistan" international transport corridor, which shortens the distance from European and CIS countries to Indian Ocean ports by up to 1,000 kilometers compared to existing corridors and creates a new dimension of regional interconnectivity.

The development of this route in harmony with existing transport arteries will lay the groundwork for a new multimodal transport corridor spanning a significant part of the Eurasian region:

"South Asian countries (Pakistan, India) – Afghanistan – Uzbekistan – Kazakhstan – Azerbaijan – Georgia (Black Sea ports) – European Union".

In addition to infrastructure connectivity, digital integration in the transport sector is also consistently advancing between the countries of Central Asia and Azerbaijan. In this respect, the introduction of the e-Permit system, initiated by Uzbekistan, has been of great practical significance. This system allows for the electronic exchange of permits for international road freight. Notably, this system will be launched between Uzbekistan and Azerbaijan in 2025, which will simplify administrative procedures for carriers, accelerate customs clearance, and reduce human error.

It is noteworthy that the world's first implementation of an electronic permit exchange system occurred in 2021 between Uzbekistan and Turkey. In the following years, this initiative was gradually expanded: the system was implemented with Kazakhstan in 2024, will be with Azerbaijan and Kyrgyzstan in 2025, and with Tajikistan, Turkmenistan, and China in 2026. This demonstrates that Uzbekistan is becoming one of the countries pioneering best practices in digitalizing international transport processes, not only regionally but also on a global scale.

In conclusion, the strategic partnership between the countries of Central Asia and Azerbaijan in the transport and logistics sector not only connects the regions but also ensures the stability of freight supply chains across the entire Eurasian space. Azerbaijan's full accession to the Consultative Meetings format, the active implementation of major railway projects, the widespread adoption of digital solutions, and the strengthening of institutional mechanisms are creating a solid foundation for a unified transport space. This, in turn, facilitates the seamless integration of the region's countries into global supply chains and further strengthens the positions of Central Asia and the South Caucasus within the international transit system.

 

Sh. Akhmedov, Leading Specialist at the Center for the Study of Transport and Logistics Development Issues under the Ministry of Transport of the Republic of Uzbekistan

 

First Quarter Shows Rising Business Activity Across Uzbekistan’s Regions – CERR

📅 25.04.2026

A comprehensive monitoring of key business activity indicators across Uzbekistan’s regions points to growth across all major metrics.

Based on operational data from the Tax Committee, Customs Committee, Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms (CERR) continues to monitor business activity across the regions of the Republic of Uzbekistan.

As of March this year, tax revenues demonstrated steady positive momentum, increasing by 54% compared to the same period last year.

The most notable growth in revenues was recorded in the Navoi, Syrdarya, Tashkent, and Khorezm regions, as well as in the city of Tashkent, where average growth rates reached 33%.

Personal income tax revenues rose by 15.2%, property tax revenues by 10.7%, and land tax revenues by 33.8%.

Customs revenues increased by 19.5%. The highest growth rates were recorded in the Navoi region, up 77.6%, and the Namangan region, up 64.2%.

Stable positive dynamics were also observed in the Fergana and Samarkand regions, as well as in the Republic of Karakalpakstan, where revenues increased by an average of 32%.

Analysis of foreign economic indicators shows that merchandise exports rose by 30%. The strongest export growth was recorded in the Navoi region, up 71.4%, and the Tashkent region, up 52.4%. Export growth was also observed in the Samarkand region (30.6%), Namangan region (29.3%), and Bukhara region (27.2%).

At the same time, lending activity expanded significantly. During the reviewed period, the volume of loans issued by commercial banks increased by 9.1%. The highest growth was recorded in the Samarkand region (+69.5%). In the Bukhara, Khorezm, Fergana, and Tashkent regions, lending growth averaged more than 43%.

The active development of the private sector is also reflected in a substantial increase in the number of newly established business entities. In March this year, 22,443 new enterprises were registered. The largest numbers were recorded in the Tashkent region (2,276), Khorezm region (2,035), Samarkand region (1,854), Fergana region (1,626), and the city of Tashkent (4,759).

Trading volume on the Uzbek Republican Commodity Exchange increased by 20.8%. The highest growth in exchange activity was recorded in the Syrdarya region, where activity rose by 68.4%. Additional strong growth was observed in the Syrdarya, Bukhara, Navoi, Namangan, and Surkhandarya regions, as well as in the city of Tashkent, where average growth reached 33%.

Sultonmurod Ozodov, CERR

CULTURE — THE TREE OF A NATION'S TRUST UZBEKISTAN — THE UNITED STATES

📅 30.07.2026

Culture is one of the most powerful forces that brings nations closer together and strengthens mutual trust between countries. It is the face of a nation, the reflection of its spiritual identity, its history and future, and the cradle of centuries-old values. Today, relations between countries are shaped not only by economic interests but also by cultural and humanitarian cooperation, which gives international partnerships new meaning and significance.

In recent years, Uzbekistan's international cultural ties have expanded considerably as a result of the country's open and pragmatic foreign policy. The recognition of cultural diplomacy by the President of the Republic of Uzbekistan as one of the key instruments of foreign policy has significantly strengthened the country's presence in the global cultural arena. In this context, cultural cooperation with the United States occupies a special place.

Over the past several years, bilateral relations have steadily developed on the basis of this very principle. Cooperation in culture, education, academic exchange, and the preservation of cultural heritage has become an integral part of the partnership between the two countries. This demonstrates that Uzbekistan–U.S. relations are entering a new stage of strategic cooperation.

Turning to specific examples, cultural exchanges between the two countries have intensified since 2017. Concerts and master classes held in Tashkent with the participation of American conductors, musicians, and professors opened a new chapter in professional exchange between the musical communities of Uzbekistan and the United States. These visits contributed to the development of national artistic traditions and contemporary performance practices while creating new opportunities for future generations of musicians.

That same year, the American ensemble Gina Chavez Band performed at the 11th International Music Festival "Sharq Taronalari" ("Melodies of the East") held in Samarkand, the spiritual capital of Uzbekistan.

The festival provided American artists with a unique opportunity to become acquainted with the rich musical heritage of Central Asia. The band's subsequent participation in the International Jazz Festival in Uzbekistan demonstrated that cultural dialogue between the two countries has evolved into sustained and long-term cooperation rather than remaining a one-time initiative.

Education has become another important pillar of cultural cooperation. In 2017, professors from the Michigan State University College of Music conducted master classes at the State Conservatory of Uzbekistan. Later, in 2022, cooperation was established between the R. Glière Specialized Music School and Bemidji State University in Minnesota. These initiatives created new opportunities for young musicians while laying the foundation for long-term academic partnerships between educational institutions in both countries.

It is worth emphasizing that Uzbekistan's open foreign policy has significantly expanded the country's participation in the international cultural landscape. Prestigious international festivals held in Samarkand, Khiva, Bukhara, Kokand, Nukus, Namangan, and Andijan have not only showcased Uzbekistan's rich cultural heritage but have also strengthened humanitarian dialogue with countries around the world.

A remarkable example of cultural diplomacy in practice was the U.S. government's grant of USD 150,000 in 2019 for the restoration of the Tosh Hovli Palace in Khiva. The subsequent visit of representatives of the Smithsonian Institution further confirmed the continuity of cooperation in the field of cultural heritage preservation. During their visit, the delegation explored the historic city of Khiva and highly praised the cultural and historical significance of Uzbekistan's ancient cities.

Since 2020, cultural relations have become even more diverse. A special project launched in the United States to study traditional Uzbek dance, together with the regular participation of American specialists in the International Lazgi Festival in Khiva, the International Charity Arts Festivals in Nukus and Gulistan, the International Handicrafts Festival in Kokand, and the "Echoes of the World" Forum in Andijan, demonstrates the expanding scope and growing depth of cultural dialogue between the two nations.

This evolution reveals an important trend. While cooperation initially focused primarily on concerts and festivals, it has gradually expanded to include education, restoration, cultural heritage preservation, traditional crafts, dance, maqom music, and many other fields. This reflects the systematic development of bilateral cooperation and the emergence of a more comprehensive partnership.

Culture is not only a spiritual value but also a key component of the creative economy. Through cinema, music, tourism, handicrafts, and international festivals, countries strengthen their economic potential while promoting innovation and cultural exchange. From this perspective, cultural cooperation between Uzbekistan and the United States creates new opportunities for the development of creative industries in both countries.

Furthermore, the participation of American representatives in the International Bakhshi Art Festival in Khiva and the Third International Maqom Art Forum held in Namangan under the auspices of UNESCO and ICESCO has contributed to the international promotion of Uzbekistan's intangible cultural heritage. Such participation enhances the global recognition of Uzbek culture while fostering greater interest among the American public in Uzbekistan's rich artistic traditions.

This year, one of the most significant events was the meeting of the Ministers of Culture of the Central Asian countries and the United States, held in Tashkent. During the meeting, participants discussed prospects for expanding cultural and humanitarian cooperation, including the development of creative industries, digital cultural initiatives, professional exchanges, and collaboration in cinema, theatre, literature, and music.

At the conclusion of the meeting, the participants signed the Joint Statement of the Council of Ministers of Culture on the Preservation of Cultural Heritage, adopted within the framework of the C5+1 Summit held in Washington, D.C. In addition, Uzbekistan's Minister of Culture, Ozodbek Nazarbekov, met with Kazakhstan's Deputy Prime Minister and Minister of Culture and Information, Aida Balayeva, to discuss further strengthening bilateral cooperation in literature and theatre.

In conclusion, culture has become one of the most enduring pillars of international relations. Political circumstances may change, and economic priorities may evolve, but cultural ties remain deeply rooted in the hearts, minds, and shared memory of peoples.

Culture is a spiritual bridge connecting a nation's past with its present and its present with its future. Every investment in culture is, in essence, an investment in people, in the future of nations, and in lasting peace. The cultural partnership between Uzbekistan and the United States serves precisely these noble purposes. The seeds of trust being planted today will grow into a strong tree of friendship between our peoples tomorrow. Under its branches, future generations, creative professionals, and representatives of diverse fields will come together, contributing through culture and the arts to the prosperity of both nations.

TIIF-2026: Shaping a New Investment Architecture for Central Asia

📅 27.05.2026

From June 16^th to 19^th, the capital will host the 5^th Tashkent International Investment Forum, the country's primary investment platform and one of the region's largest business forums.

 

Tashkent International Investment Forum (TIIF-2026) has solidified its position as a key investment platform in Central Asia, bringing together states, international investors, and representatives of global business. The forum serves not merely as a platform for dialogue, but as a space where the region's practical investment agenda is actively shaped.

The core idea of the forum lies in the fact that Uzbekistan is consistently cementing its status as a regional investment hub, capable not only of attracting capital but also of defining long-term rules and directions for the economic development of Central Asia.

The scale of TIIF-2025 clearly demonstrated that the forum has transitioned to a new stage of its development. The event brought together more than 8,000 delegates from 97 countries, with the total volume of signed investment agreements reaching 30.5 billion US dollars. These indicators stand as some of the most significant results among regional investment platforms.

The growing number of participants, the broadening geography, and the increased volume of concluded deals bear witness to a notable strengthening of international business confidence in Uzbekistan's investment climate. The forum is increasingly perceived not as a one-off discussion platform, but as a sustainable mechanism for generating real investment solutions.

The significance of the Tashkent International Investment Forum is determined not only by its scale, but also by its practical value for participants. TIIF provides a unique opportunity for direct access to key economic and political decision-makers - ranging from heads of state and governments to representatives of international financial institutions, sovereign wealth funds and major corporations.

The forum cultivates a rare environment where the state, investors, and business are concentrated within a single space, allowing for a seamless transition from general discussions to concrete formats of cooperation. Within the framework of TIIF, B2B and B2G meetings are actively advanced, serving as the cornerstone for concluding investment agreements and launching new projects.

TIIF-2026, scheduled to take place from June 16 to 19 in Tashkent, will maintain and expand upon the framework of previous years, combining elements of high-level political dialogue, business negotiations, and sectoral discussions. The forum's program features a plenary session with the participation of heads of state, panel sessions, thematic pitch presentations, and an expanded exhibition showcasing the country's industrial and investment potential.

One of the defining features of TIIF-2026 is its exceptionally high level of representation, which brings together a unique concentration of political, financial, and corporate capital within a single venue. The forum features heads of state and government, including leaders from Central Asian and European nations, alongside executives from international organizations and multilateral development banks.

Among the participants are representatives from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), and the International Finance Corporation (IFC), alongside sovereign wealth funds and export credit agencies. Such a composition ensures a direct link between state reforms, global financial institutions, and private capital.

The outcomes of the 4th Tashkent International Investment Forum (TIIF-2025) received widespread international acclaim from representatives of government structures, financial institutions, and global business, who noted Uzbekistan's growing role as the region's premier investment hub.

The Director of the Center for Global and Regional Studies (CEGREG), Professor Ikboljon Qoraboev (Kazakhstan), emphasized the scale and significance of the forum:

• Central Asia has once again taken center stage in the international business community. From June 9^th to 12^th, Tashkent hosted the 4^th Tashkent International Investment Forum - the largest regional investment platform, which is consistently gaining momentum and international resonance with each passing year. The scale of this year's forum is truly unprecedented, bringing together around 3,000 foreign delegates from nearly 100 countries.

TIIF is emerging as the premier platform for showcasing the industrial and economic potential of Central Asia, while the participation of state leaders, major investors, and international banks highlights the strategic significance of the forum as a window of opportunity for the region.

Associate Professor at the Azerbaijan State University of Economics, political scientist Emin Garibli (Azerbaijan), accentuated the integration significance of the forum:

• Tashkent International Investment Forum is emerging not only as a key economic platform for Central Asia, but also as a vital instrument for deepening integration processes between Europe and Asia. The forum strengthens Tashkent's status as a regional center of gravity for investment and demonstrates the country's resolve in advancing reforms within the framework of the New Uzbekistan strategy.

Executive Producer of CGTN, Zhang He (China), highlighted the investment impact of the reforms:

• The economic reforms implemented in Uzbekistan have created a more favorable environment for investors. Uzbekistan possesses immense potential in sectors such as industry, 'green' energy, agriculture, information technology, and tourism. This will serve to diversify investments and expand the manufacturing of high-value-added products.

Governor of the Japan Bank for International Cooperation (JBIC), Nobumitsu Hayashi (Japan), noted the transformation of the forum's role:

• The forum has transformed into a fully-fledged regional platform, uniting business leaders and financiers from across Central Asia and Eastern Europe. The reforms in Uzbekistan are creating a predictable and attractive environment for long-term investments.

Chairman of the Chinese company CAMCE, Wang Bo (China), noted the practical value of the forum:

• This prestigious event opens up excellent opportunities not only for our company, but also for foreign investors seeking prospects in the dynamically developing economy of Uzbekistan. For foreign investors, Uzbekistan represents a unique opportunity, particularly in light of the WTO accession process. As the President noted, this will open up even greater prospects for sustainable development, making Uzbekistan an attractive destination for global investment.

Tashkent International Investment Forum (TIIF-2026) is cementing its role as one of the key platforms for investment dialogue in Central Asia, where not only the directions of economic policy are shaped, but also real mechanisms for interaction between the state and global capital are forged.

On the whole, the experience of previous years demonstrates that TIIF has already transitioned from a traditional conference format into a practical investment ecosystem that influences the structure of regional economic development. In this context, TIIF-2026 is viewed as the next phase in strengthening Uzbekistan's role within the global investment architecture and further expanding its integration into international capital markets.

 

Dunyo IA