A total of 537 companies and brands, 125 speakers, and more than 1,000 delegates from 31 countries have confirmed their participation in the forum

One of the most significant exhibition and conference events in the country’s fuel and energy sector - Uzbekistan Energy Week (UEW 2026) - will be held at the CAEx Uzbekistan International Exhibition Center.

Uzbekistan Energy Week is a major annual international event, traditionally supported by the Ministry of Energy of Uzbekistan and Uzbekneftegaz JSC. It brings together industry leaders, innovators and experts, along with government representatives and international businesses to shape the strategic agenda, define long-term priorities and accelerate adoption of advanced energy solutions.

The broad UEW 2026 Programme is built around the theme “New Energy: Innovation, Sustainability and Regional Cooperation” and includes a series of specialised exhibitions and conferences covering two core areas of the energy sector – hydrocarbon production and electric power. These events play a strategic role in shaping industry agenda and setting priorities for both development and regional dialogue.

The UEW 2026 Programme includes the following key industry events:

Uzbekistan International Energy Forum, comprising:

– the 28th International Conference Oil and Gas of Uzbekistan

– the 6th International Energy Conference

OGU 2026: the 28th International Oil and Gas Uzbekistan Exhibition

Power Uzbekistan 2026: the 19th International Exhibition on Energy, Energy Saving, Nuclear Energy, Alternative Energy Sources

GETCA 2026: Specialised Section on Green Energy Technologies Central Asia

Over three days, the leading companies from across the fuel and energy sector will present their advanced technologies and showcase the latest industry developments. A total of 537 companies and brands, 125 speakers, and over 1,000 delegates from 31 countries have confirmed their participation in Uzbekistan Energy Week, including Austria, Azerbaijan, Belarus, Belgium, the United Kingdom, Germany, Georgia, Denmark, Egypt, Jordan, Italy, Kazakhstan, Qatar, China, South Korea, Kyrgyz Republic, Morocco, the Netherlands, Norway, the United Arab Emirates, Poland, Russia, Saudi Arabia, Singapore, the United States, Türkiye, Uzbekistan, France, the Czech Republic, Switzerland and Japan.

National pavilions will bring together companies from the Republic of Belarus, Germany, China and Türkiye, while Italy, Republic of Korea and Russia will be represented with their collective stands.

Uzbekistan Energy Week highlights the sustained interest of international investors and technology companies in the country’s energy sector. With a strong focus on sustainable development and advanced technologies, the event continues to strengthen its role as a leading energy platform in Central Asia.

Dunyo IA

Ahead of the second meeting of the Termez Dialogue on Connectivity between Central and South Asia, a landmark event for interregional integration scheduled for June 4–6, Akramjon Ne’matov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan, answered questions from Dunyo IA.

— Akramjon Ilhomovich, the second meeting within the framework of the Termez Dialogue will begin in the coming days. What is on the agenda of this forum, and what are its key priorities? Most observers primarily associate this process with economic issues — railways, energy infrastructure, and transit trade. Is this the core essence of connectivity?

— Undoubtedly, the economy is one of the key components. Economic cooperation creates tangible shared interests that bind states together, generates mutual benefits, and serves as the foundation for the prosperity and growth of our peoples. Naturally, when we speak about transregional connectivity, logistics, trade, transport corridors, energy, and infrastructure constitute the essential and tangible foundation of this process.

However, connectivity cannot be measured solely in economic terms. Our agenda is far broader, and our objectives are far more ambitious. We are speaking about the creation of a common space of trust, sustainable development, and indivisible security across the vast Eurasian continent.

That is precisely why the agenda of the Termez Dialogue is so comprehensive and why its composition of participants is highly inclusive. This year’s meeting is being organized in partnership with the Conference on Interaction and Confidence Building Measures in Asia (CICA). This is no coincidence, as CICA’s core mission has always been to strengthen confidence-building measures across Asia. The dialogue is also being actively supported by the United Nations Regional Centre for Preventive Diplomacy for Central Asia (UNRCCA) and the United Nations Assistance Mission in Afghanistan (UNAMA).

Although Central and South Asia remain at the geographic core of the discussions, countries from across the Eurasian space and beyond are full-fledged participants and stakeholders in this dialogue, as clearly evidenced by the delegations arriving from Azerbaijan, China, Germany, Qatar, Russia, Switzerland, Türkiye, the United Kingdom, the United States, and many other countries.

It is important to emphasize that the Termez Dialogue itself represents a practical embodiment of President Shavkat Mirziyoyev’s global initiative aimed at strengthening connectivity between Central and South Asia. This strategic vision received unanimous international support and was formally enshrined in a special United Nations General Assembly resolution adopted in 2022. The significance of this resolution can hardly be overstated: it established a long-term international legal framework for transregional rapprochement and recognized it as a key factor for sustainable development. More broadly, this step clearly reflects our President’s far-sighted strategic approach, which is based on the consistent development of interstate relations grounded in mutual benefit, genuine good-neighborliness, and preventive peacebuilding.

The dialogue is also co-organized by respected peacebuilding organizations, political foundations, and leading academic institutions. Among them are the Konrad Adenauer Foundation, the Berghof Foundation (Germany), PeaceNexus (Switzerland), Search for Common Ground (United States), as well as the renowned Georgetown University. Our shared objective is to establish a genuinely inclusive multilateral platform for comprehensive and open dialogue.

— What does the programme of the upcoming dialogue include? Will it be limited solely to official plenary sessions?

— Our dialogue is a large-scale three-day forum, and its programme extends far beyond traditional plenary sessions. We seek to combine profound theoretical discussion with practical outcomes.

In addition to the main sessions, the programme includes a wide range of important side events.

In particular, the forum will host a series of expert and academic discussions devoted to cooperation between the countries of Central Asia and Afghanistan, the development of dialogue within the Afghanistan–Uzbekistan–Pakistan dialogue format, issues of regional identity in Central Asia, as well as the promotion of youth dialogue on peacebuilding and sustainable development.

The primary purpose of these discussions is to mobilize intellectual and analytical expertise in support of a constructive cooperation agenda, deeper mutual understanding, and the establishment of long-term mechanisms for regional interaction.

Moreover, the programme includes on-site sessions. Participants of the dialogue will travel to Termez to familiarize themselves firsthand with the modern infrastructure facilitating trade, economic, and logistics cooperation with South Asian countries, including the activities of the Ayrtom International Trade Center and the Termez Cargo Center international logistics hub, while also experiencing the rich cultural and historical heritage of this ancient city.

The third day of the dialogue will take place in Samarkand, where delegates will explore the unique civilizational legacy of the Renaissance of Samarkand, which historically served as a bridge between East and West, North and South.

— How exactly is economic growth connected with stability and security? Is this purely a matter of business calculation, or do economic projects represent something greater?

— Absolutely, it represents something far greater. We are speaking about the formation of long-term strategic common interests. Large-scale cross-border projects are designed to firmly connect regions and deepen their interdependence. When countries become economically invested in joint creation and development, conflict ceases to serve the interests of any participant.

Moreover, sustainable economic growth removes the social foundations of destructive phenomena such as poverty, unemployment, and social marginalization, which have traditionally served as the principal fuel for radicalism and instability. Economic development addresses the root causes of challenges rather than merely dealing with their consequences.

Take, for example, the Trans-Afghan Railway Corridor project — “Termez–Mazar-i-Sharif–Kabul–Naibabad–Kharlachi”. For the countries of Central Asia, it provides the shortest route to the ports of the Indian Ocean, reducing logistics costs by 30–40 percent. For Pakistan and South Asia, it creates direct access to the resources and markets of our region.

This project will serve as a powerful driver for the development of adjacent sectors of the economy, creating new jobs, generating budget revenues, and opening the path toward accelerated technological advancement. Most importantly, however, this corridor integrates Afghanistan into the processes of peaceful and constructive development.

Thus, the Trans-Afghan railway is not merely a commercial or engineering project — it is a highly effective peacebuilding instrument that creates long-term economic incentives for peace on Afghan soil. The same principle applies to other major cross-border initiatives such as CASA-1000 and the TAPI gas pipeline. Their greatest value lies in the fact that they create a shared and indivisible interest among all parties in maintaining long-term peace and stability across the region.

— What role do the shared ecosystem and climate change issues play on the agenda? Central and South Asia are facing enormous pressure from environmental challenges.

— This is one of the most important and sensitive issues. Nature and our shared ecosystem most clearly demonstrate the inseparable link between our regions and the vital necessity of collective responses to common challenges.

Climate change illustrates how closely interconnected water security, food security, energy security, transport systems, and human livelihoods truly are. When the glaciers of the Pamirs and Tien Shan melt, this directly affects water supply and agriculture in both Central and South Asia.

Droughts and extreme weather events are our common challenges, requiring exclusively joint responses, because they directly affect the existential foundations of life for hundreds of millions of people and shape the trajectory of our sustainable development.

That is why the agenda of the dialogue includes issues related to joint adaptation and environmental sustainability. We are convinced that effective solutions cannot consist of isolated national measures; they must have a transboundary character.

We are actively engaged in this area. In particular, our Afghan partners are permanent participants in the water dialogue organized by Uzbekistan and Central Asia as a whole. Afghan delegations have actively participated in Tashkent Water Week, conferences on water diplomacy, and other regional environmental forums.

There is an ongoing joint search for mutually acceptable and equitable solutions in the sphere of shared water resource management, because nature does not recognize political borders. Today, we increasingly see that issues which could potentially become sources of tension, when approached properly, can instead provide the foundation for mutually beneficial cooperation.

The growing awareness of our shared environmental threats is becoming a powerful driver of our collective constructive efforts.

— What place do culture and the humanitarian dimension occupy within this large-scale transregional framework? How important are they?

— I would answer this way: they constitute our principal and foundational direction. Although we began our conversation with economics, infrastructure, and climate issues, I am convinced that cultural and humanitarian connectivity must come first. Economy and logistics form the skeleton, but culture and shared historical memory are the soul and heart of our integration.

It is important to understand that our countries share a common space of cultural, historical, and civilizational development. We are not building bridges of trust from scratch — this foundation was formed over centuries.

The Termez Dialogue itself is named after the ancient city of Termez, which for millennia served as a gateway for civilizational exchange between Central and South Asia.

On this land, the destinies and traditions of great empires became intertwined — beginning with Sogdiana, ancient Bactria, and the Achaemenid state, and continuing through the era of the Greco-Bactrian Kingdom, where a unique synthesis of Eastern and Hellenistic cultures emerged.

This was followed by the Kushan Empire, which presented the world with one of the earliest examples of comprehensive interregional integration and transformed Termez into a key hub of the Great Silk Road.

During the Middle Ages, the Turkic Khaganates acted as reliable guarantors of the security of trans-Eurasian trade routes, while the Ghaznavid dynasty created a powerful bridge of statehood linking the high culture of Mawarannahr with the plains of Hindustan.

Finally, the Timurid era and the Mughal Empire founded by Babur became the ultimate culmination of this synthesis. The architectural masterpieces of Samarkand and Bukhara found direct reflection in the majestic ensembles of Delhi, Agra, and Lahore, while a unified cultural layer emerged at the intersection of Old Uzbek, Persian, and Sanskrit languages. Its musical and poetic traditions continue to live within the cultural memory of our peoples to this day.

For centuries, this macro-region developed as a sacred crossroads of world religions. Bactria was one of the cradles of Zoroastrianism. From here, Buddhism spread through Afghanistan to the north and east — the Buddhist monasteries of Fayaztepa and Karatepa in Termez still preserve the memory of this spiritual bridge.

Nestorian Christianity, Tengrianism with its profound ecological philosophy of harmony between humanity and nature, and, of course, Islam — which absorbed the great heritage of religious tolerance and gave rise to the phenomenon of the Eastern Renaissance — all coexisted peacefully in this region.

All of this shaped a unique and resilient culture that has not disappeared but continues to live within our daily practices, thoughts, and traditions.

However, this heritage cannot survive in collective memory on its own — it must constantly be revived and recreated. History is an ongoing act of retelling, and our key task is to restore this great historical truth to active public consciousness.

I am deeply convinced that awareness of this shared heritage will significantly strengthen our collective responsibility for preserving peace and stability.

— But why does this heritage seem forgotten today?

— Unfortunately, over the past century and a half, this historical memory was systematically and deliberately erased from our consciousness.

We were artificially subjected to the destructive colonial stereotype of the “Great Game,” along with the false notion that our regions are doomed to perpetual fragmentation, geopolitical rivalry among external powers, and endless conflict.

To a considerable extent, we still remain under the influence of this harmful stereotype, perceiving Afghanistan exclusively through the prism of threats, while viewing South Asia as something distant, alien, and insecure.

But we are not standing on barren ruins. Our shared history remains alive.

Reviving this historical memory, developing profound expert discourse, and restoring awareness of our shared civilizational greatness represent an enormous historical responsibility borne by today’s generations and political elites. This is precisely one of the principal existential objectives of the Termez Dialogue.

When citizens, intellectuals, and leaders in Tashkent, Delhi, Islamabad, and Kabul begin to see one another not merely as business counterparts, but as heirs to a common cultural code, an entirely new level of trust will emerge.

This sense of belonging to a shared heritage will become the most reliable internal safeguard against any attempts by external actors to destabilize the region or exploit regional contradictions.

The awareness of the indivisibility of our shared destiny will compel nations to choose a constructive agenda without alternative and to reject war once and for all.

Ahead of the Tashkent round of the Termez Dialogue, it is becoming increasingly evident that Uzbekistan is offering the international community a fundamentally different and deeply thought-out philosophy of integration.

This is not merely a technocratic approach to building railways or laying power transmission lines. It is a doctrine in which physical infrastructure serves only as the material embodiment of strong invisible ties rooted in a shared history.

Once this fundamental sense of responsibility and belonging is established, trade routes, investment flows, and climate initiatives will function naturally and sustainably, because the economy will become a logical continuation of mutual civilizational affinity.

The Termez Dialogue is returning to the peoples of Asia their own history, reminding them of what must be cherished and for the sake of what great future peace and stability must be preserved on this sacred land.

Dunyo IA

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

Over the past eight years, relations between Uzbekistan and Türkiye have undergone a profound qualitative transformation, evolving from traditionally friendly ties into a full-fledged strategic partnership with a strong economic, investment, and industrial dimension. While the period prior to 2017 was largely characterized by inertia, the launch of large-scale reforms in Uzbekistan marked a decisive shift in bilateral relations toward practical cooperation focused on trade, investment, and joint manufacturing.

A key role in this transformation has been played by the political will and personal engagement of the leaders of both countries - President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the Republic of Türkiye Recep Tayyip Erdoğan. Regular high-level dialogue has provided Uzbek-Turkish relations with stability, strategic coherence, and a long-term economic horizon.

Political Foundations as a Driver of Economic Convergence

Diplomatic relations between the two countries were established in 1992; however, a turning point came in October 2017 with the signing of the Joint Declaration on Strategic Partnership in Ankara. This step laid a solid institutional foundation for the rapid expansion of trade, economic, and investment cooperation.

In 2018, the High-Level Strategic Cooperation Council was established in Tashkent under the co-chairmanship of the two presidents. Its meetings in 2020, 2022, and 2024 became key platforms for aligning priorities in trade, investment, industry, transport, and interregional cooperation. Over time, political dialogue has evolved from declarative engagement into a practical instrument supporting concrete economic initiatives and project-based decisions.

Trade: Scale, Structure and Institutional Incentives

Türkiye is firmly among Uzbekistan’s largest trading partners. In 2020, bilateral trade turnover amounted to USD 2.1 billion, reaching USD 3.02 billion by the end of 2025.

Uzbekistan’s exports to Türkiye are predominantly industrial in nature, comprising non-ferrous metals and metal products, textiles, services, plastics, and food products. Imports from Türkiye consist mainly of mechanical and electrical equipment, chemical products, textiles, pharmaceuticals, and metal structures, reflecting Türkiye’s role as a key source of industrial technologies and equipment.

A significant qualitative step forward was the signing of the Preferential Trade Agreement in 2022, which entered into force in 2023. In 2025, the parties began expanding the list of goods covered by preferential treatment, creating additional incentives for trade diversification and deeper industrial cooperation.

Investment Cooperation: From Presence to Systemic Engagement

Investment cooperation is one of the most dynamically developing areas of bilateral relations. In 2024, the volume of Turkish investments utilized in Uzbekistan reached USD 2.2 billion, while in January-November 2025 it increased to USD 3.2 billion. A total of 2,137 enterprises with Turkish capital operate in Uzbekistan, including 496 joint ventures and 1,641 wholly Turkish-owned companies.

These enterprises are active in textiles and furniture manufacturing, construction, trade, transport, logistics, and services. Importantly, a substantial share of them is export-oriented, strengthening Uzbekistan’s integration into regional and global value chains.

Industrial Cooperation: Transition to Joint Manufacturing

In recent years, Uzbek–Turkish cooperation has increasingly shifted from traditional trade toward industrial partnership. Turkish companies are actively involved in establishing production facilities across Uzbekistan’s regions, introducing modern technologies, management standards, and export-oriented business models.

Regular meetings of the Intergovernmental Commission on Trade and Economic Cooperation, accompanied by business forums, result in detailed roadmaps comprising dozens of measures covering industry, energy, logistics, and regional projects. This approach forms a solid foundation for sustainable industrial partnership.

Interregional Cooperation: Localized Economic Engagement

Active interregional interaction has become an essential element of the new partnership model. In 2024, targeted visits by delegations from the Fergana, Khorezm, Namangan, Navoi, Samarkand, and Jizzakh regions, as well as the city of Tashkent, were held to various regions of Türkiye.

This format enables a shift from framework agreements to concrete investment projects, creates direct B2B and B2G communication channels, and contributes to a more decentralized and resilient architecture of cooperation.

Transport and Logistics as Pillars of Trade and Investment

The expansion of trade and industrial cooperation naturally increases the importance of transport and logistics interaction. Türkiye is viewed by Uzbekistan as a key logistical gateway to European and Mediterranean markets, while Uzbekistan is becoming an important hub for Türkiye’s access to Central Asia.

The development of rail and road transport, along with intensive air connectivity - up to 97 regular flights per week across eight routes - enhances business mobility, supports investment activity, and strengthens economic integration between the two countries.

Prospective Areas of Cooperation: Converging Interests

The established economic core of Uzbek–Turkish relations provides a basis for a new phase of cooperation, shifting from quantitative growth to deeper structural and technological integration.

Localization and joint development of industrial production remain key convergence points. Uzbekistan offers industrial zones, resources, and a growing domestic market, while Türkiye contributes technology, design, managerial expertise, and access to external markets.

The textile and light industry is evolving toward the production of finished branded goods and contract manufacturing for international retail chains. Mechanical engineering and electrical equipment sectors are creating prerequisites for the establishment of assembly and production facilities. The agro-industrial complex offers opportunities for deep processing and joint exports of food products.

A separate strategic direction is the joint entry into third-country markets, where the combination of Uzbekistan’s production potential and Türkiye’s trade and logistics infrastructure creates substantial competitive advantages.

Overall, over the past eight years Uzbekistan and Türkiye have built a resilient model of strategic partnership based on trade, investment, industrial cooperation, interregional engagement, and transport connectivity. Trade turnover exceeding USD 3 billion, multi-billion-dollar investments, and thousands of joint enterprises testify to the maturity and long-term nature of bilateral relations.

Mashrab Mamirov,

The beginning of the 15th century presented profound lessons, primarily for Europe and, moreover, for the entire world. These were the fruits of the activities of Amir Temur (Tamerlane), who was raised in the spirit of the traditions of Turanian statehood, drew inspiration from the life-giving ideas of Islam and elevated social thought to a new level by analyzing his life through the scales of genius.

With the brilliant personality of Amir Temur, the period known globally as the Middle Ages - an evolutionary era that brought numerous innovations to human civilization - came to an end and a new era based on industrial and intellectual revolutions began. Amir Temur’s lessons also had a positive impact on the development of the old continent, Europe. We can clearly observe this through specific parameters.

First of all, the luminous personality of Amir Temur redefined concepts such as ruler, king, and emperor for Europe. In an environment where absolute monarchy and other systems prevailed, the right to rule was passed down from generation to generation based on inheritance. The question of who would hold the reins of the state remained a matter of fate (cases of mentally challenged or disabled individuals ascending the throne occurred in European history).

Furthermore, there were periods when the internal structures of power lacked integrity: the administration functioned on its own, the military sphere acted according to the demands of the situation and the economy developed based on natural potential. Although such circumstances created a practical need for a single, strong hand to unify authority, there were no established legal or social foundations to legitimize such centralized power.

This kind of fragmentation and, moreover, chaos led to various conflicts. From this perspective, “palace games” and “palace intrigues” were commonplace and caused significant headaches. Through Amir Temur’s activities, however, it was proven in practice that one person could manage all tasks (and that a head of state could simultaneously be a military commander, a reformer in economic and spiritual spheres, a patron of science and even a creator). Consequently, concept of a state leader and guide acquired a broader meaning and essence.

Through his activities, the Sahibkiran (Sovereign) elevated Eurasian cooperation to a new level. Although conquerors from Asia such as Attila, Balamber, Genghis Khan, Batu and others captured significant parts of Europe during various historical shifts, leaving a certain mark on its history and managing to impose their policies, the traces left by their nature as steppe nomads -characterized by cruelty, intransigence and severity - came to be remembered in the life of these regions through ruins and atrocities.

Amir Temur’s policy based on compromise, safety and peace he granted to peoples who voluntarily came under his rule without resistance, as well as his creative activities (there is ample evidence of him restoring neglected graves, constructing buildings and digging canals to establish agriculture wherever he went), fundamentally changed the witnesses' perception of the Eastern ruler. Gradually, stereotypes such as “barbarians” and “savages” began to break down. Overall, views towards the East, Asia and specifically the Islamic religion shifted for the better and interest grew.

In Europe, the influence of the church was powerful and often played a brutal role. Campaigns known as the Crusades claimed countless lives. Conflicts arising from tensions between Catholics and Protestants, as well as the Inquisition - which burned enlightened thinkers like Giordano Bruno at the stake and movements like the Jesuits, were opposed to any freedom-seeking endeavor. In Amir Temur’s state, the separation of religion from the state and the clear definition of religion's role and functions within the empire represented a significant progress. This situation laid the foundation for the introduction of progressive ideas into the governance of European states.

In this regard, specific criteria began to be established and were refined over the years. Whereas previously science and education were under the control of the church, the state now began to involve itself in these sectors. Consequently, secular directions were strengthened in educational institutions, which led to the advancement of science.

The personality and name of the Sahibkiran (Sovereign) became famous throughout the world. As the “Saviour of Europe”, a golden statue of him adorned the halls of the Louvre in Paris. English playwright Christopher Marlowe initiated the process of creating the image of Amir Temur in world literature by writing the tragedy ‘Tamburlaine the Great’ (1587). In 1681, another English writer, Charles Saunders, wrote and staged the tragedy “Tamerlane”.

Those who viewed Amir Temur with an impartial eye recognized and valued him as a statesman and military leader who influenced and initiated the European Renaissance and as the one who saved Europe and Russia.

Hakim SATTORIY,

Over the past few years, Central Asia and the Caucasus have emerged as some of the fastest-growing regions in technology and innovation. Uzbekistan, Kazakhstan, and Azerbaijan are increasingly strengthening their positions on the global startup map, attracting international investors, technology companies, and entrepreneurs. One of the key platforms bringing together the region’s innovation ecosystem has become the international INMerge summit.

What is INMerge?

INMerge is an international innovation summit that brings together startups, investors, corporations, government representatives, and technology communities from across Central Eurasia. Over the past five years, the project has evolved from a relatively small corporate gathering into one of the region’s leading technology forums.

Today, INMerge hosts participants from Azerbaijan, Uzbekistan, Kazakhstan, Georgia, Türkiye, and other countries. Discussions focus on investment, artificial intelligence, startup development, digital infrastructure, and cross-border collaboration. Most importantly, however, the forum helps transform networking opportunities and ideas into real partnerships, projects, and investment deals.

In 2026, INMerge expanded beyond a single-city format by launching a regional Roadshow initiative. Ahead of the main summit, the team is organizing a series of events across key locations in the region. One of the central stops became Tashkent — a city that clearly demonstrated how rapidly Central Asia’s role in the global technology landscape is evolving.

Today, the three countries are shaping a new regional ecosystem, where each contributes its own strategic strengths.

Uzbekistan is now considered one of the fastest-growing tech markets in the region. Over the past year, venture investment volumes increased more than fivefold, the number of startups doubled to over 950, and Tashkent entered the world’s top 100 startup ecosystems for the first time. The country is actively opening up to international investors and steadily becoming a new destination for technology-driven businesses. Uzbekistan is already home to two unicorns.

Kazakhstan continues to focus on infrastructure development and a systematic approach to building its startup ecosystem. The country is developing a large-scale $1 billion fund of funds and has spent several years consistently creating conditions that allow startups to scale not only domestically, but internationally as well. Kazakhstan has also produced two unicorns.

In 2024, IT Park Uzbekistan and Astana Hub took another important step toward regional integration by launching the Central Asian Innovation Hubs initiative. The platform opened access for Central Asian startups to joint programs, international venues, and global accelerators. Today, Azerbaijan is increasingly exploring participation in this ecosystem, gradually contributing to the formation of a unified technological space connecting Central Asia and the Caucasus.

Azerbaijan, in turn, is becoming a platform that connects different markets and innovation communities. Baku was recently named Startup City of the Year, while INMerge Ventures became one of the country’s first locally registered venture capital funds. The city is now emerging as a hub for dialogue between corporations, investors, and technology teams from across the broader region.

At INMerge, this evolving dynamic is described as an “innovation corridor.” It is not simply about neighboring countries collaborating — it is about creating a shared ecosystem where ideas, technologies, investments, and talent can move freely across borders.

From Local Startups to the Global Stage

For startups today, building a product is no longer enough. Founders also need access to investors, strategic networks, and international markets. This is why platforms like INMerge are becoming increasingly important across the region.

One of the clearest examples is the startup competition held in Tashkent. Winners receive not only visibility and recognition, but also the opportunity to present their projects at the final summit in Baku before international investors and major corporations. This model helps connect local ecosystems into a larger regional network, giving young startups a real opportunity for international growth.

The final stage of INMerge will take place on October 8–9 in Baku, bringing together startup founders, investors, corporate leaders, and government officials who are actively shaping the future of Central Eurasia’s innovation economy.

A region that until recently remained outside the global technology spotlight is steadily becoming a new center of growth. And today, INMerge is playing a key role in accelerating that transformation.

Development of the “Central Asia Plus” Formats

In recent years, Central Asia has increasingly acted as a unified region in international relations. Alongside bilateral ties, “Central Asia Plus” formats have been developing, allowing the countries to coordinate their shared interests and discuss trade, investment, industrial cooperation, transportation, energy, and security with external partners.

Existing formats include “Central Asia–European Union,” “Central Asia–Russia,” the C5+1 platform with the United States, as well as dialogue mechanisms with China, Japan, South Korea, and other partners. These mechanisms do not replace bilateral cooperation but complement it with a regional agenda.

Central Asia’s Multivector Cooperation

The first “Central Asia–European Union” summit, held in Samarkand in April 2025, focused on developing a strategic partnership between the two regions. Particular attention was paid to investment, technological modernization, green energy, critical minerals, transportation, and logistics.

Uzbekistan proposed establishing an investment platform to advance regional projects and developing coordinated conditions for expanding the Trans-Caspian Transport Corridor. It also proposed holding a meeting of the transport ministers of the countries located along the route.

The second “Central Asia–Russia” summit, held in October 2025, focused on expanding trade, industrial cooperation, and collaboration in energy and transportation.

Uzbekistan proposed holding annual summits, establishing a coordination council at the deputy prime minister level, and creating an integrated transportation and logistics framework combining national road, rail, and air connectivity programs. Particular attention was also paid to developing the North–South Corridor and resilient production chains.

Thus, the “Central Asia Plus” formats enable the region to develop cooperation in several areas simultaneously. Their purpose is not to choose a single partner or route, but to expand economic ties and strengthen the region’s resilience to external changes.

Establishing a New C5+1 Format

The “Central Asia + Azerbaijan” format differs from other platforms because Azerbaijan is directly connected to the region through the Caspian Sea and is a key component of transportation routes leading toward the South Caucasus, Türkiye, and Europe.

For Central Asia, Azerbaijan is an important transit, investment, and industrial partner. For Azerbaijan, the Central Asian countries represent a growing market and a source of cargo flows for its port, railway, and logistics infrastructure. The new format therefore has not only political significance but also a specific economic dimension.

At the seventh Consultative Meeting of the Heads of State of Central Asia, held in Tashkent on November 16, 2025, a decision was made to grant Azerbaijan full participation. This became the first meeting of regional leaders in the expanded format.

President of Uzbekistan Shavkat Mirziyoyev proposed gradually transforming the consultative dialogue into a strategic “Central Asian Community” format. Initial steps included strengthening the institutional framework of the meetings, establishing a rotating secretariat, and elevating the status of national coordinators to special representatives of the presidents.

In trade and economic cooperation, Uzbekistan proposed developing a Comprehensive Regional Program for Trade and Economic Cooperation through 2035. The document is expected to address the removal of administrative barriers, simplification of customs and tax procedures, joint use of industrial and free economic zones, and other measures to increase intraregional trade.

Initiatives were also proposed to establish a common investment space and develop e-commerce. These measures include coordinating basic approaches to investor protection, creating regional digital marketplaces, and developing reliable digital payment systems.

Particular attention was paid to transportation and energy infrastructure. Uzbekistan proposed establishing an Infrastructure Development Council at the deputy prime minister level. Priorities included the construction and modernization of roads, railways, border checkpoints, energy networks, green corridors, and digital infrastructure.

Transportation initiatives covered the China–Kyrgyzstan–Uzbekistan railway, the Trans-Afghan route, and the Trans-Caspian transportation routes connecting Central Asia with the markets of the Caucasus, Türkiye, and Europe.

In 2026, the meeting is expected to continue under Turkmenistan’s chairmanship in the new “Central Asia and Azerbaijan” format.

Economic Foundation of Cooperation

The expansion of the regional format is taking place against the backdrop of growing trade and investment ties between Uzbekistan and the Central Asian countries.

In 2025, Uzbekistan’s trade turnover with the countries of the region reached $8.3 billion. Exports totaled approximately $3.2 billion, while imports amounted to $5.1 billion. Kazakhstan remained Uzbekistan’s largest regional trading partner, accounting for 60.2% of its trade with Central Asian countries. Turkmenistan and Kyrgyzstan each accounted for 14.5%, while Tajikistan accounted for 11%.

As of June 2026, Uzbekistan was home to 2,384 enterprises with capital from Central Asian countries. These included 1,283 enterprises with Kazakh capital, 442 with Tajik capital, 362 with Kyrgyz capital, and 297 with Turkmen capital.

The total volume of direct investment and loans attracted from the countries of the region in 2017–2025 amounted to $2.5 billion. In 2025 alone, this figure reached $1.3 billion.

At the same time, the potential of intraregional trade has not been fully utilized. According to calculations by the Center for Economic Research and Reforms, replacing some goods imported from third countries with intraregional supplies could increase trade within Central Asia by $11.4 billion, more than doubling its current volume. Unlocking this potential requires reducing tariff and non-tariff barriers, improving information exchange among businesses, and developing regional production chains.

Uzbekistan’s economic relations with Azerbaijan are also strengthening. Between 2017 and 2025, bilateral trade increased 9.5-fold, from $32.5 million to $307.3 million. Uzbekistan’s exports reached $227.3 million, while imports from Azerbaijan amounted to $80 million.

Uzbekistan’s exports mainly consist of manufactured goods, machinery and transportation equipment, food products, beverages, finished goods, and services. Imports are dominated by food and manufactured goods, machinery, transportation equipment, and chemical products.

Uzbekistan is home to 460 enterprises with Azerbaijani capital. Their number has increased 6.5-fold since 2017. In 2025, Azerbaijani investment in Uzbekistan totaled $173.7 million, bringing cumulative investment to $318.6 million.

An additional instrument was created in 2023 with the establishment of the Azerbaijan–Uzbekistan Investment Company, which has authorized capital of $500 million and can finance projects in Uzbekistan, Azerbaijan, and third countries.

Cooperation is also developing in the automotive industry, textiles, construction, agriculture, and other sectors.

The Middle Corridor and Azerbaijan

Expanding trade and industrial cooperation requires reliable transportation infrastructure. For Uzbekistan, which has no direct access to the sea, developing alternative routes is essential to strengthening the resilience of foreign trade.

The Middle Corridor connects China and Central Asia with the South Caucasus, Türkiye, and Europe. Cargo from Uzbekistan can be transported through Kazakhstan or Turkmenistan to Caspian ports, shipped by sea to Azerbaijan, and then delivered to European markets through Georgia and Türkiye or across the Black Sea.

Azerbaijan occupies a central position in the western section of the route. Its transportation infrastructure includes the Alat International Sea Trade Port, the Caspian merchant fleet, and the Baku–Tbilisi–Kars railway.

The capacity of the Alat Port is expected to increase from 15 million to 25 million metric tons, while the capacity of the Baku–Tbilisi–Kars railway has been expanded to 5 million metric tons. A unified digital platform is also being developed to simplify transportation operations and trade between Caspian ports.

According to the World Bank, if the necessary infrastructure and organizational reforms are implemented, freight traffic along the Middle Corridor could triple by 2030, while delivery times could be reduced by half.

During the first nine months of 2025, transit freight between Uzbekistan and Azerbaijan exceeded 1 million metric tons. This indicates growing prospects for using Azerbaijan’s transportation infrastructure as a transit route for Uzbek cargo.

The opening of the Zangezur Corridor is also expected to create additional opportunities for all Central Asian countries.

Opportunities for Uzbekistan and Central Asia

For Uzbekistan, the Middle Corridor provides an additional route to the markets of Azerbaijan, Georgia, Türkiye, and the European Union. This makes it possible to diversify transportation routes and reduce foreign trade dependence on a limited number of corridors.

Delivery times and predictability are especially important. They directly affect the competitiveness of textiles, fruits and vegetables, electrical equipment, automobiles, and other high-value-added products. Coordinating rail and maritime transportation schedules, introducing digital documentation, and reducing border-crossing times could lower exporters’ costs.

The corridor’s development will also create demand for dry ports, multimodal terminals, warehouses and cold-storage facilities, repair enterprises, and insurance, financial, and digital services. Transportation can therefore be viewed not only as a means of delivering goods but also as a separate area of investment and industrial development.

Additional opportunities are associated with the construction of the China–Kyrgyzstan–Uzbekistan railway. Its integration with the Middle Corridor would establish a shorter and more resilient transportation link between China, Central Asia, the Caucasus, and Europe.

For Central Asia as a whole, developing the route would make it possible to consolidate cargo flows, harmonize transportation procedures, and increase the region’s attractiveness to international investors. A larger and more stable cargo base would support regular train and vessel services, reduce per-unit costs, and expand the geographic reach of shipments.

The Middle Corridor is not viewed as a replacement for northern or southern routes. Its main purpose is to expand available options, strengthen logistics resilience, and create additional connections to external markets.

The Importance of Industrial Cooperation

Transportation cooperation will have a long-term impact if it is linked to the development of manufacturing. Growth in transit alone will not ensure the full realization of the new format’s economic potential.

Uzbekistan, other Central Asian countries, and Azerbaijan could establish joint production chains in the automotive industry, textiles, agricultural processing, electrical engineering, construction materials, chemicals, and machinery manufacturing.

An analysis by the Center for Economic Research and Reforms shows that regional enterprises could supply one another with raw materials, components, and finished products, reducing their dependence on imports from third countries.

One promising area is the establishment of joint industrial zones and logistics centers along the Middle Corridor. The idea of creating “mirror” special economic zones in Uzbekistan and Azerbaijan has not yet reached the implementation stage, but it offers significant development potential.

At the same time, growing bilateral trade, the work of the joint investment company, and expanding transportation links are creating conditions for revisiting this initiative.

Such zones could specialize in product assembly and processing, consolidation of export shipments, warehousing operations, and transportation services. Establishing interconnected production facilities in Uzbekistan and Azerbaijan would combine Central Asia’s industrial potential with the transportation infrastructure of the South Caucasus.

Conclusion

The first meeting in the expanded format established a political and institutional foundation for cooperation between Central Asia and Azerbaijan. The next meeting, under Turkmenistan’s chairmanship, could focus on the practical development of the Middle Corridor and the expansion of industrial cooperation.

In transportation, the main priorities include coordinating tariffs and procedures, developing regular rail and maritime services, modernizing port and border infrastructure, digitizing documentation, and exploring opportunities to connect the Middle Corridor with the China–Kyrgyzstan–Uzbekistan railway.

In industry, priorities could include establishing joint production chains, developing industrial zones, implementing projects through the Azerbaijan–Uzbekistan Investment Company, and attracting international financial institutions to infrastructure and manufacturing projects.

For Uzbekistan, the “Central Asia + Azerbaijan” format creates opportunities to expand exports, diversify transportation routes, and attract investment in manufacturing and logistics. For other Central Asian countries, it provides an additional route to Western markets.

The format’s future significance will depend on how consistently the participating countries develop the Middle Corridor and complement the transportation agenda with industrial and investment cooperation. The upcoming meeting could provide practical momentum for implementing the most ambitious and mutually beneficial projects.

Edvard Romanov,

Center for Economic Research and Reforms

According to estimates by the Center for Economic Research and Reforms (CERR), there is potential to increase mutual trade between Uzbekistan and Tajikistan by 30–40%. Additional opportunities for expanding economic cooperation are primarily linked to the development of industrial cooperation between the two countries.

Economic cooperation between Uzbekistan and Tajikistan has demonstrated steady positive dynamics; however, the potential of bilateral relations remains only partially realized. This was stated today by Khurshed Asadov, Deputy Director of the Center for Economic Research and Reforms (CERR), during the international scientific and practical conference “Uzbekistan – Tajikistan: New Prospects for Alliance and Regional Cooperation”, held in Tashkent.

According to the expert, relations between the two countries have reached a qualitatively new level in recent years. Cooperation, reinforced by agreements on strategic partnership and allied relations, has created an institutional foundation for the active development of economic ties.

According to CERR estimates, mutual trade between Uzbekistan and Tajikistan increased 3.8 times during 2017–2025, rising from $238 mln to $912 mln. During the same period, Uzbekistan’s exports grew 3.7 times, while imports from Tajikistan increased more than fourfold.

Today, Tajikistan ranks among Uzbekistan’s key regional partners, occupying ninth place among the countries importing Uzbek products.

At the same time, current indicators reflect only part of the possible potential of economic interaction. According to CERR estimates, mutual trade could increase by an additional 30–40% solely through the substitution of Tajikistan’s imports from third countries with products manufactured by Uzbek producers.

The expert emphasized that geographical proximity, a shared border, and well-developed transport connections create favorable conditions for deepening trade relations. In particular, significant prospects remain for expanding Uzbekistan’s industrial exports, including automobiles, household appliances, textile products, and chemical goods.

At the same time, considerable potential also exists in the sphere of industrial cooperation. According to the expert, one of the most promising cooperation models could involve the establishment of joint processing facilities in border regions, particularly focused on the processing of agricultural raw materials and the development of agrologistics centers.

Asadov also noted that further development of transport infrastructure and the expansion of transit opportunities in Central Asia could serve as an additional driver of economic integration.

As emphasized by the Deputy Director of CERR, the current level of allied relations between Uzbekistan and Tajikistan creates the foundation for transitioning to a deeper model of economic cooperation, focused on joint investments, industrial cooperation, and the development of regional infrastructure, which could become an important factor in strengthening economic connectivity and promoting the development of Central Asia.

For reference: The international scientific and practical conference “Uzbekistan – Tajikistan: New Prospects for Alliance and Regional Cooperation” was organized by the International Institute for Central Asia (IICA). The event brought together representatives of government institutions, the diplomatic corps, and expert and academic communities from both countries. Participants discussed the current state and prospects for developing trade-economic, investment, and humanitarian cooperation between Uzbekistan and Tajikistan.

CERR Public Relations Sector

On September 20-24, President of Uzbekistan Shavkat Mirziyoyev will pay a working visit to the city of New York to attend the events of the 80th jubilee session of the United Nations General Assembly.

According to the press service of the Head of our state, President of Uzbekistan will deliver a keynote address on the first day of organizing the general debate of the UN General Assembly plenary session.

It’s noteworthy that during the current jubilee session of the UNGA topical issues of ensuring global security and stability, achieving Sustainable Development Goals, reforming the system of the UN and international financial architecture, combatting the consequences of climate change and other modern challenges, will be reviewed.

On the sidelines of the summit, the Leader of Uzbekistan will hold talks with the UN Secretary-General António Guterres, heads of foreign states and governments, leaders of authoritative international financial institutions. 

In the framework of the business program in the United States, it’s planned to hold meetings and events with participation of the leading American companies and financial-investment structures. It’s planned to sign a package of new agreements and contracts.

Президент Шавкат Мирзиёев начал свою поездку в Республику Каракалпакстан с ознакомления с промышленным потенциалом региона.

Совместное предприятие “Nukus Eleсtroapparat” было введено в строй в 2017 году, оно производит силовое оборудование для электросетей. В июне текущего года здесь был запущен проект по изготовлению солнечных панелей стоимостью более 10 миллионов долларов. Оборудование было доставлено и установлено из Республики Корея. Производственный процесс полностью автоматизирован. Годовая мощность проекта составляет 273 тысячи единиц.

Это будет способствовать дальнейшему внедрению альтернативной энергетики в нашей стране. На сегодняшний день в различных сооружениях и домах установлены солнечные панели общей мощностью 600 мегаватт. Этот процесс продолжается.

Наряду с локализацией востребованной на внутреннем рынке продукции совместное предприятие получило возможность экспортировать продукцию на 4 миллиона долларов. Обеспечено работой 70 человек.

Глава нашего государства ознакомился с технологическим процессом, побеседовал с работниками. Ответственным лицам даны указания по увеличению количества таких предприятий и производству ими продукции с высоким спросом на рынке.

Здесь же была представлена продукция, производимая предприятиями отрасли.

На самом заводе установлены солнечные панели мощностью 125 киловатт. Полученная электроэнергия используется для внутренних нужд, а излишки реализуются в региональную электросеть.

За последние годы в нашей стране за счет инвестиций в размере 2 миллиардов долларов введены в эксплуатацию 10 солнечных и ветряных станций общей мощностью 2,6 гигаватта. Также ведется работа по 32 "зеленым" проектам мощностью 18,6 гигаватта общей стоимостью 19 миллиардов долларов. В целом к 2030 году намечено довести долю возобновляемых источников энергии в энергетическом балансе до 40 процентов.

New trends in Central Asian politics of Uzbekistan

Uzbekistan's policy in Central Asia has reached a qualitatively higher level. The trend of developing mutually beneficial cooperation between the countries of the region is intensifying with its own characteristics. According to President Shavkat Mirziyoyev, Uzbekistan has given priority to strengthening relations of close friendship and cooperation with neighboring countries, and over the past historically short period - the political position and influence of our country in the Central Asian region and the Middle East. The world has grown dramatically. The spirit of trust in New Uzbekistan and the principles of striving for cooperation with our country have increased in the world.

Central Asia is a region with important and unique resources, economic and communication potential. In the 90s of the 20th century, the countries of the region embarked on their own independent path of development and joined the ranks of developing countries, promoting humanism, social justice, and security. in the region there is international harmony, peace and well-established foreign policy activities and international cooperation, based on the principles of international law, such as the creation of an atmosphere of peace, and consistently developing them.

In the direction of the foreign policy of New Uzbekistan, in establishing practical cooperation in the countries of Central Asia, the fifth priority direction of the “Uzbekistan-2030” strategy has been identified - the consistent continuation of a policy based on the principle of “A Safe and Peaceful State”. the region to a new level of quality, good neighborliness and strategic partnership with all neighboring countries, pays special attention to the rapid development of relations, regular and effective conduct of bilateral and multilateral negotiations in political, economic, cultural and humanitarian areas.

The measures taken by the government of the Republic of Uzbekistan to expand mutual cooperation between the countries of the region also play an important role. It should be noted that as a result of President Shavkat Mirziyoyev’s reforms in the field of foreign policy, diplomatic relations of Uzbekistan with the countries of the Central region literally rose to a new level.

The fact that Shavkat Mirziyoyev began his first visit to foreign countries as President of Uzbekistan with a visit to the countries of Central Asia, literally indicating that he has raised the development of regional cooperation to a new level.

On March 6-7, 2017, Shavkat Mirziyoyev made a state visit to Turkmenistan. It should be noted that this was Sh. Mirziyoyev’s first visit to a foreign country as the President of the Republic of Uzbekistan. This state visit of the President clearly confirmed that Uzbekistan attaches great importance to good neighborly relations in foreign policy, and was supported by the signing of the Strategic Partnership Agreement between Uzbekistan and Turkmenistan.

The visit of President Shavkat Mirziyoyev to Kazakhstan on March 23, 2017 and the signing of a Joint declaration on deepening the strategic partnership and strengthening the friendly neighborhood between the two countries opened a new era in interstate cooperation. Thanks to the joint efforts of Uzbekistan and Kazakhstan, in 2017 the volume of bilateral trade reached 2 billion US dollars, and such direct contacts serve as the basis for the effective implementation of bilateral and multilateral cooperation.

Following the state visit of President Shavkat Mirziyoyev to the Kyrgyz Republic, a declaration was signed on strengthening strategic partnership, friendship, good neighborliness and trust.

In 2018, the implementation of the new policy of the President of Uzbekistan to strengthen political trust and mutual solidarity in Central Asia continued consistently. In particular, President Sh. Mirziyoyev visited this country on March 9-10, 2018 at the invitation of the President of the Republic of Tajikistan E. Rahmon. During the visit, the leaders of the two countries signed a Joint Statement on Strengthening Friendship and Good Neighborhood and an Agreement on Certain Sections of the Uzbek-Tajik State Border.

In addition, as a result of the continuation of negotiations of the Republic of Uzbekistan on the delimitation and demarcation of the state border with neighboring countries, the delimitation of the state border lines with Kazakhstan has been completed, 85 percent of the border with Kyrgyzstan has been passed. agreed upon, and 99.9 percent of the border with Tajikistan has been agreed upon.

At the end of 2021, trade turnover between Uzbekistan and Tajikistan amounted to almost 600 million US dollars. The number of joint ventures has increased 10 times. If in 2017 there were 24 enterprises operating in Uzbekistan, then by the end of 2021 240 enterprises with the participation of Tajik capital began operating. There are 61 enterprises operating in Tajikistan based on investments from Uzbekistan.

On June 2-3, 2022, the presidents of Tajikistan and Uzbekistan Shavkat Mirziyoyev and the presidents of Tajikistan signed a historic declaration “On strengthening eternal friendship and alliance.” In addition, documents signed at the level of government, ministries and departments are designed to raise multifaceted Uzbek-Tajikistan cooperation to a new level.

Analyzing the platforms and formats of interstate dialogue organized on the initiative of Uzbekistan on regional cooperation, it should be noted that, on the initiative of the head of Uzbekistan, consultative meetings of the leaders of Central Asian countries are regularly held.

Consultative meetings are systematically organized as part of this initiative (March 2018, Kazakhstan; November 2019, Uzbekistan; August 2021, Turkmenistan; July 2022, Kyrgyzstan; 2023, Tajikistan). As positive trends in Uzbekistan’s policy in Central Asia, practical proposals made at these meetings can be noted. In particular, at the fourth consultation meeting held in Kyrgyzstan, he put forward a number of proposals that meet the interests of the region. In particular, the interests of the region today are served by such proposals as the creation of a system of border trade zones with unified and simplified procedures for the delivery of goods to Central Asia and the holding of a Central Asian festival of culture, art and cinema in each country.

Indeed, here it is permissible to note the high assessments expressed by many foreign experts to the initiatives of Uzbekistan. For example, Li Yunxuan, director of the Institute of European and Asian Social Development under the State Council of China, says: “Uzbekistan is an active participant in the processes of strengthening regional and interregional cooperation, in the mechanism of consultative meetings of leaders of Central Asian countries, in ensuring the effectiveness of cooperation on topical issues of ensuring regional stability and development plays an important role.

Indeed, as a result of the growing role of Central Asia in modern international relations, “the spirit of trust in New Uzbekistan and the principles of cooperation with our country have increased in the world.” ... Our countries, which have been common brothers and sisters from time immemorial, began to act in close cooperation on many regional and global issues and socio-economic development.

The phrase “spirit of Central Asia” has appeared in world political science.

On September 14, 2023, President of Uzbekistan Shavkat Mirziyoyev spoke at the fourth consultative meeting of leaders of Central Asian countries held in Tajikistan and put forward a number of proposals to strengthen new trends in the Central Asian region. politics of Uzbekistan. Including the development of trade and economic cooperation in the region; development of industrial cooperation; increasing interdependence in transport; ensuring security in the energy sector; ensuring food safety; Combating the threats posed by climate change.

The issue of creating an interstate economic council to expand practical cooperation on the entire range of trade and economic issues in the region also deserves attention. Another platform implemented at the initiative of Uzbekistan is the Central Asian Economic Forum. On March 15, 2019, the first Central Asian Economic Forum was held in Tashkent with the participation of deputy prime ministers of Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan. Positive results were achieved through discussion at the forum of issues of further development of regional cooperation, studying the possibilities of the transport and communications complex, increasing the volume of mutual trade and the attractiveness of tourism.

At the initiative of Uzbekistan, in order to ensure good neighborliness and interethnic harmony between the peoples of the countries of Central Asia, on November 15, 2019, an international conference was held in Tashkent with the participation of experts and scientists from foreign countries on the topic “Central Asia is our common home,” which serves to bring the countries of the region closer together in cultural and humanitarian sphere.

Uzbekistan's policy in Central Asia is consistent in identifying new trends, ensuring stability and security.

On March 9-10, 2018, the President of the Republic of Uzbekistan Shavkat Mirziyoyev made a state visit to the Republic of Tajikistan. At the high-level meeting, special attention was paid to strengthening interstate cooperation in the areas of ensuring regional security and stability, promoting the solution of international problems, combating terrorism and extremism and other types of organized transnational crime, which is an important achievement of Uzbekistan. diplomacy in ensuring regional security and stability. According to Tajik expert Kasimsho Iskandarov, relations between Tajikistan and Uzbekistan depend on the political will of state leaders. After Shavkat Mirziyoyev came to power, relations between the two countries changed dramatically. The rapid development of Tajik-Uzbek relations has solved many problems not only between the two countries, but also between all countries in the region. The political environment for developing regional cooperation has improved. 

Also, on the initiative of President Shavkat Mirziyoyev, on June 22, 2018, the UN General Assembly for the first time adopted a resolution “Strengthening regional and international cooperation to ensure peace, stability and consistent development in the Central Asian region”.  Our opinion is confirmed by the fact that Uzbekistan has put forward proposals for the formation of a regional system for forecasting emergency situations in the region, their prevention, early warning and joint counteraction.

It is worth noting that there are several factors that contribute to the development of good neighborly relations, such as mutual trade, investments and joint projects.

If we look at the numbers, we can witness that Uzbekistan’s trade turnover with the countries of Central Asia has grown to an unprecedented level. Trade turnover in 2017 amounted to $2.4 billion, and by the end of 2019 it reached $5.2 billion. In two short years the growth was 150 percent. Despite the restrictions caused by the pandemic, the growth in freight volumes observed in Central Asia in 2020 demonstrates the enormous potential for further expansion of international roads and railways and strengthening of transport and logistics infrastructure. In this regard, on August 6, 2021, within the framework of the third consultative meeting of leaders of Central Asian countries, at the Economic Forum of Central Asian Countries, held in the Avaza National Tourist Zone (Turkmenistan), the Uzbek side discussed the development of transport corridors connecting the countries of Central Asia, increasing efficiency use of the transit potential of the countries of the region, and also, it is worth noting that he made a proposal to strengthen cooperation on the harmonization and digitalization of customs clearance procedures. It is worth noting that “in recent years, radical reforms in our country, a consistent and active foreign policy, especially strengthening the environment of close neighbors in the Central Asian region, have increased the international prestige of our country”.

If we evaluate the new trends in the Central Asian policy of Uzbekistan, we can see that their impact on regional interaction and international relations is acquiring positive significance.

It should be noted that on December 19, 2019, at the plenary meeting of the UN General Assembly, a special resolution “Sustainable tourism and sustainable development in Central Asia” was adopted, proposed by President Shavkat Mirziyoyev.

In short, the special significance of the approaches in the regional policy of Uzbekistan lies in the fact that they serve to strengthen the belt of security, stability and cooperation throughout the region. In the context of increasing threats to regional and global security, the socio-economic well-being of countries, Uzbekistan is of great importance in determining new trends in the politics of Central Asia and the prospects for jointly combating modern dangers and threats.

Mirzayev Gulom,

Doctor of philosophy in historical sciences (PhD), associate professor at the University of Public Safety of the Republic of Uzbekistan

On the Inaugural Meeting of the Peace Council in Washington

At the invitation of the President of the United States Donald Trump, President of the Republic of Uzbekistan Shavkat Mirziyoyev paid a working visit to Washington on February 17–19 to participate in the inaugural meeting of the Peace Council. The visit combined a substantive political agenda with an extensive economic program and resulted in a number of agreements aimed at further strengthening Uzbek-American strategic partnership and expanding bilateral cooperation across key sectors.

Expanding Participation in Addressing Global Challenges

The Peace Council is an intergovernmental initiative put forward by President Trump within the framework of the Gaza peace plan endorsed by the UN Security Council in November 2025. The establishment of this platform is intended not only to coordinate humanitarian assistance but also to create institutional mechanisms for long-term stabilization, reconstruction, and socio-economic recovery of the Gaza Strip, while reducing the risks of renewed escalation in the Middle East.

The Charter of the Peace Council was signed on January 22, 2026, on the sidelines of the World Economic Forum in Davos. Signatories included leaders and representatives of Azerbaijan, Argentina, Armenia, Bahrain, Bulgaria, Hungary, Indonesia, Jordan, Kazakhstan, Qatar, Morocco, Mongolia, the United Arab Emirates, Pakistan, Paraguay, Saudi Arabia, Türkiye, Uzbekistan, and Kosovo. Subsequently, Belarus, Albania, Cambodia, Egypt, El Salvador, Jordan, and Kuwait officially joined the group of founding states, expanding the Council’s geographic and political representation.

By joining the founding members at the invitation of the U.S. President, Uzbekistan reaffirmed its commitment to peaceful diplomacy, respect for international law, and shared responsibility for maintaining global stability. Uzbekistan recognized Palestine in 1994 and consistently supports the right of the Palestinian people to establish an independent state in accordance with international legal norms and UN resolutions.

Uzbekistan’s policy toward Gaza combines principled political positioning with practical humanitarian engagement. In 2023, Uzbekistan allocated $1.5 mln through UNRWA. In December 2023, 100 wounded Palestinian women and children were evacuated and provided with medical treatment and rehabilitation services. In 2025, Uzbekistan developed a comprehensive state support mechanism for Palestinian citizens received in the country, including asylum procedures, access to healthcare, education for children, and employment assistance. A dedicated fund under the National Agency for Social Protection was established to finance these measures through budgetary and charitable resources.

The inaugural meeting of the Peace Council held on February 19 in Washington brought together leaders and representatives of more than 40 countries. Discussions focused on humanitarian relief, infrastructure restoration, and ensuring the sustainability of the post-conflict recovery process. At the opening of the session, President Trump announced that nine countries – Kazakhstan, Azerbaijan, the UAE, Morocco, Bahrain, Qatar, Saudi Arabia, Uzbekistan, and Kuwait – had jointly pledged $7 bn in assistance to Gaza, while the United States committed an additional $10 bn to support the Council’s activities.

In his address, President Mirziyoyev expressed full support for the peace initiative and confirmed Uzbekistan’s readiness to participate practically in its implementation. Particular emphasis was placed on the principle that any external governance framework for Gaza must rely on internal public support in order to ensure legitimacy, stability, and long-term effectiveness.

Highlighting the importance of coordinated international efforts, the President noted that joint actions would help secure the sustainability of the post-conflict process and accelerate socio-economic recovery. Uzbekistan also declared its readiness to contribute to the construction of residential housing, schools, kindergartens, and healthcare facilities in Gaza, thereby supporting both humanitarian and development objectives.

The Palestinian and Gaza issue has remained on the international agenda for decades without a comprehensive solution. In this context, the creation of the Peace Council represents one of the most structured multilateral attempts in recent years to address the crisis, while Uzbekistan’s participation among the founding states reflects the growing recognition of its constructive diplomatic role.

Expanding Trade and Economic Cooperation

Alongside political dialogue, the economic dimension of the visit formed a central pillar of bilateral engagement. In recent years, Uzbekistan and the United States have steadily restored institutional mechanisms of strategic partnership and expanded practical cooperation.

Cooperation with the U.S. Export-Import Bank resumed in 2017 after a 13-year hiatus. Agreements were concluded between Amazon and Uztrade, while science, technology, and economic modernization were identified among priority cooperation areas. In 2018, a $100 mln memorandum on trade financing was signed between Eximbank and Uzbekistan’s National Bank for Foreign Economic Activity. Cooperation with Openbucks supported the development of e-commerce and digital payment infrastructure.

A major milestone was reached in September 2025 during the 80th UN General Assembly in New York, where negotiations between the two presidents resulted in the formation of a portfolio of contracts and prospective projects exceeding $100 bn. The agreements covered aviation, mining and chemicals, energy, finance, and innovation. Specific arrangements included cooperation with Denali Exploration Group on rare earth elements, Re Element Technologies in rare earth metals, Flowserve on modernization of pumping stations, Valmont Industries on water-saving technologies, and Palo Alto Networks in artificial intelligence.

During the Washington visit, President Mirziyoyev held meetings with U.S. Secretary of Commerce Howard Lutnick, Eximbank President John Jovanovic, DFC CEO Ben Black, and U.S. Trade Representative Jamieson Greer. Discussions focused on expanding financing for major industrial and infrastructure projects, supporting high-tech equipment exports, launching a bilateral Investment Platform, advancing Uzbekistan’s WTO accession, and strengthening regional trade cooperation under TIFA. The agreement establishing the Investment Platform was formally signed during the visit.

Additional bilateral documents were concluded covering construction of fuel station networks, sprinkler irrigation technologies, extraction and supply of critical minerals, development of poultry clusters, agro-industrial cooperation, financial market development, and investment climate reforms. The economic agenda was identified as one of the key pillars of Uzbek-American strategic partnership, with priority cooperation areas including critical raw materials, petrochemicals, energy, agriculture, and industrial modernization.

Trade and Investment Dynamics

The intensification of bilateral cooperation has already produced tangible economic results. Between 2017 and 2025, trade turnover increased 4.7-fold from $215 mln to $1 bn. Exports grew 9.1-fold to $291.7 mln, while imports rose 3.9-fold to $712.3 mln.

Exports to the United States are dominated by services (81%), including programming, financial, information, and transport services. Petroleum products account for 8.6%, machinery and equipment 3.7%, food products 3.5%, and industrial goods 3.3%.

Imports from the United States are led by machinery and equipment (59%), including aircraft, vehicles, computing equipment, engines, pumps, and industrial installations. Services account for 20.5%, chemicals 9.7%, industrial goods 3.8%, food products 3.2%, and manufactured goods 2.2%.

Investment cooperation has expanded dynamically. U.S. FDI and loans increased nearly 64-fold from $8.6 mln in 2017 to $383.2 mln in 2025, with cumulative inflows exceeding $2.9 bn. As of February 2026, 346 enterprises with U.S. capital operate in Uzbekistan, including 146 joint ventures and 200 wholly foreign-owned firms. Investments are concentrated in manufacturing, mining, construction, services, and agriculture.

Prospects for Deeper Economic Partnership

Recent dynamics indicate a transition from trade expansion toward long-term technological and industrial partnership. While services dominate exports, significant untapped potential remains in agro-processing, textiles, non-ferrous metallurgy, and higher value-added manufacturing.

Given annual U.S. imports of $118 bn in textiles and apparel, $539 bn in food products, and $213 bn in pharmaceuticals, even limited market penetration could significantly expand Uzbek exports and rebalance their structure.

Technology cooperation represents a separate strategic track. The United States accounts for 45% of Uzbekistan’s IT exports, with 448 of 800 exporters supplying digital services to the U.S. market. The next phase may involve joint industrial production in electronics and microelectronics with companies such as NVIDIA, Intel, and Qualcomm, enabling integration into global value chains.

Energy cooperation could support infrastructure modernization and renewable energy deployment, while pharmaceutical localization and joint R&D with companies such as Pfizer, Johnson & Johnson, and Merck offer additional avenues for technology transfer and investment.

Privatization and PPP initiatives create further opportunities. By 2030, the private sector share in Uzbekistan’s economy is projected to reach 85%, with stakes in 2,000 enterprises planned for sale and $30 bn in PPP projects to be launched. Cooperation with U.S. capital markets, including the NYSE and Nasdaq, may further support the development of Uzbekistan’s financial infrastructure.

Conclusion

President Mirziyoyev’s visit to Washington and participation in the inaugural Peace Council meeting carry both diplomatic and economic significance.

Uzbekistan’s engagement in the Council strengthens its international standing and expands its contribution to addressing global challenges. At the same time, the agreements reached and the expanding portfolio of joint projects elevate Uzbek-American relations to a new stage characterized by deeper institutional cooperation, industrial integration, and long-term strategic trust.

Viktor Abaturov,

Center for Economic Research and Reforms