Uzbekistan and Finland possess significant potential to deepen their partnership in the areas of ecology, sustainable natural resource management, and climate change mitigation. Environmental institutions of both countries actively engage through international conferences, forums, and projects supported by international organizations and development banks.

One of the most notable examples of practical cooperation is the joint project between the Agency of Hydrometeorological Service of Uzbekistan, the Ministry for Foreign Affairs of Finland and the Finnish Meteorological Institute. Valued at USD 2 million, the project aims to strengthen Uzbekistan’s hydrometeorological capacity, train specialists in modern forecasting methods for weather and natural disasters, and enhance climate services and adaptation measures to climate change.

To further expand bilateral cooperation, the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan has identified several priority areas that could form the basis for a future Memorandum of Understanding with Finland.

One key area of collaboration could be sustainable forest management. Over 70% of Finland’s territory is covered by forests, which account for 0.5% of global timber reserves. Studying Finland’s experience in public-private partnerships in forestry and its effective mechanisms for conserving forest ecosystems could help Uzbekistan improve its own approaches to developing green zones and protecting natural territories.

Another promising area is circular economy development. Finland was among the first countries to adopt a national “roadmap” for transitioning to circular models of production and consumption. For Uzbekistan — which is currently developing a modern waste management and recycling system — learning from Finland’s sustainable production practices would be an important step toward achieving “green” growth.

Air quality management is also an area of great interest. Finland is recognized as one of the countries with the cleanest air in the world, thanks to its advanced monitoring systems and strict environmental regulations. Adopting Finnish technologies for tracking pollutants and reducing emissions could significantly improve air quality in Uzbekistan’s urban centers.

Particular attention is also given to climate action. Finland aims to achieve carbon neutrality by 2035 and its strategies for reducing emissions and adapting to climate challenges could serve as a valuable model for Uzbekistan in implementing its own climate commitments under the Paris Agreement.

An important area of focus is scientific and educational cooperation. The Ministry of Ecology of Uzbekistan is interested in establishing partnerships between Finnish universities and the Central Asian University of Environmental and Climate Change Studies (Green University). Academic exchange programs, joint research initiatives and the development of green educational technologies will contribute to training a new generation of environmental and climate specialists in the region.

Cooperation in biodiversity conservation and protected areas management is also of high importance. Finland allocates 13.3% of its territory for these purposes and plans to expand this figure to 30% by 2030. This experience holds great value for Uzbekistan, which is actively implementing a national program to expand its network of reserves and national parks.

The signing of a Memorandum of Cooperation between the Ministry of Ecology, Environmental Protection and Climate Change of the Republic of Uzbekistan and the Ministry of the Environment and Climate of Finland would be a logical step toward strengthening this partnership. Joint initiatives between the two countries will help combine innovation and scientific expertise in pursuit of a shared goal — protecting nature, enhancing climate resilience, and building a sustainable and environmentally secure future.

Anvar Tursunaliyev,

Chief specialist Department of international cooperation

and rankings of the Ministry of Ecology,

Environmental Protection and Climate Change

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

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

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

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

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

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

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

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

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

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

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

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

IA “Dunyo”

The Fifth Tashkent International Investment Forum will take place on June 16–19, 2026. This year’s theme – “Investment Resilience: New Frontiers, New Partnerships” – frames the agenda around a set of pressing questions: how to protect capital amid global uncertainty, what institutional mechanisms enhance investment resilience in frontier markets, and where the new partnership routes lie.

The forum’s context is set by macroeconomic results. According to the National Statistics Committee, Uzbekistan’s GDP grew by 7.7% in 2025 and exceeded $147 billion – the fastest pace since 2021 and among the highest in the Europe and Central Asia region. Fitch Ratings and S&P Global upgraded the country’s sovereign rating from BB– to BB for the first time, while Moody’s revised its outlook to “positive.” International reserves, per the Central Bank, surpass $77 billion. Exports rose 24% to $33.8 billion. Foreign direct investment increased by 46.9%, with FDI accounting for 40.5% of total capital investment. For an economy that attracted only $4 billion in annual foreign investment in 2017, the surge to $42 billion by 2025 represents a fundamentally different scale of growth. This tenfold increase over eight years underscores a profound transformation in the nation's investment landscape.

The forum is scaling alongside the economy. Last year’s TIIF drew over 8,000 participants, including some 3,000 international delegates from 97 countries. Guests included Bulgarian President Rumen Radev, Slovak Prime Minister Robert Fico, heads of government from all Central Asian states, EBRD President Odile Renaud-Basso, and New Development Bank President Dilma Rousseff. The aggregate value of signed investment contracts and trade agreements reached $30.5 billion. Yet what best speaks to the platform’s maturity is not the number of signings but the conversion rate – the share of agreements that translate into operating assets is increasingly the metric that matters to returning investors.

The centrepiece of this year’s forum will be the Tashkent International Financial Centre (TIFC), established by presidential decree in March 2026. Behind the headline sits a specific institutional architecture: a special legal regime based on common-law principles, a dedicated financial services regulator, an arbitration centre (TIAC), and tax exemptions through 2076. TIFC is part of a global trend toward specialised financial hubs that offer international market participants a familiar legal environment and regulatory predictability. Its defining feature is integration within the country’s legal framework: the centre operates under a special legal regime rather than creating a separate jurisdiction, reducing regulatory fragmentation and simplifying engagement with the domestic economy. A panel session featuring leaders of major global financial centres and international investors operating in Uzbekistan will address the central question: what are the practical conditions under which TIFC can attract international market participants.

The TIIF 2026 programme is structured around four thematic pillars: investment resilience and capital protection mechanisms, financial infrastructure and capital market development, trade connectivity and logistics corridors, and energy transition and climate finance. Key sessions include a discussion of the regulatory framework for alternative investment funds (a legal basis for private equity and venture capital being adopted for the first time), a panel on the Middle Corridor and trans-Caspian logistics, a session on sovereign ratings across Central Asia, and a practitioner-led workshop on blended finance instruments in frontier markets. A dedicated arbitration and dispute resolution track features two panel sessions co-organised with the Tashkent International Arbitration Centre (TIAC), the British-Uzbek Legal Association (BrULA), and the British Embassy. Topics range from the institutional design of Uzbekistan’s arbitration ecosystem – including the innovative Dispute Avoidance Protocol (DAP) – to the country’s positioning within the global investment protection architecture: ISDS frameworks, bilateral investment treaty reform, and New York Convention enforcement.

The energy agenda warrants particular attention. Uzbekistan has set an ambitious target of raising the share of renewables in electricity generation to 54% by 2030. Currently, the country operates solar and wind facilities with a combined installed capacity exceeding 4 GW, with a project pipeline envisaging an additional 19 GW of green capacity. Alongside this, the public-private partnership mechanism continues to develop: as of early 2025, PPP agreements worth approximately $28 billion had been signed in the country. For investors, this represents a large, structured market with standardised PPA contracts and a clear entry mechanism – a subject that will be examined in detail during the forum’s energy panel.

TIIF 2026 retains its bilateral business forum format, reflecting the expanding geography of Uzbekistan’s economic partnerships. Confirmed platforms include business forums with the Republic of Korea, the United States, Croatia, Hungary, Turkey, and Albania, as well as a China–SCO countries investment dialogue; the lineup continues to grow as the event approaches. The plenary session featuring heads of state and government will set the tone for the business programme. Running in parallel is an exhibition of industrial and investment potential spanning approximately 6,000 sq m – in 2025, a comparable facility facilitated over 500 B2B and B2G meetings for 100 participating companies.

At the same time, the forum agenda implicitly flags unresolved challenges. The corporate governance session raises the question of transitioning from concentrated to dispersed ownership – a process without which the stock market will remain illiquid. The discussion of privatisation and state asset IPOs calls for a candid conversation about pacing and institutional quality. The responsible business conduct panel, anchored in OECD standards, recognises that tax incentives alone are insufficient for accessing institutional capital – what is needed is verifiable supply chain transparency and functioning National Contact Point mechanisms.

The business programme is complemented by networking formats: an FIC and EY business breakfast on digitalisation and AI, the annual SQB Investor Day, an ESG Award ceremony, and the European Business Evening. The informal component – an invitational tennis tournament, TIIF Open, and an evening run – is designed for delegates who prefer to build relationships beyond the conference hall. The anniversary evening concludes with a collaboration with the Stihia electronic music festival – a detail that captures the tone in which Uzbekistan presents itself to an international audience.

For Uzbekistan, TIIF has long ceased to be a showcase. It is a working instrument of investment policy, whose effectiveness is measured not by the number of signing ceremonies but by the volume of capital that actually enters the economy between forums. The fifth, anniversary edition takes place at a moment when the country is simultaneously launching an international financial centre, adopting an alternative investment funds law, and receiving a sovereign rating upgrade – a convergence that creates a window of opportunity for investors prepared to operate in frontier markets with a growing institutional base.

Navruz is considered one of the ancient and widely celebrated traditional holidays, embodying values such as humanity, kindness, generosity and diligence.

This holiday holds a significant place in the culture of the peoples of Central Asia, Iran, the Caucasus, the Near East and South Asia, reflecting the continuity of centuries-old civilizational traditions.

According to historical sources, the tradition of Navruz dates back at least three thousand years. Detailed information on this subject was provided by Abu Rayhan Beruni in his work “The Remaining Signs of Past Ages” (Athar al-Baqiya).

Navruz is closely linked to the calendar systems of ancient Iranian and Turkic peoples and is celebrated during the vernal equinox. The origins of Navruz are directly connected to astronomical events: during the equinox, the Sun moves along the ecliptic and enters the sign of Aries, making day and night equal in length. Ancient peoples interpreted this natural phenomenon as the beginning of a new year. Consequently, since antiquity, Navruz has been regarded as a symbol of nature's awakening, fertility and the renewal of life.

Today, Navruz is recognized as a cultural tradition celebrated across a vast geographical area. The holiday is observed in various forms in countries such as Uzbekistan, Iran, Afghanistan, Azerbaijan, Tajikistan, Kazakhstan, Kyrgyzstan, Türkiye, India and Pakistan. Its shared core philosophy is centered on harmony with nature, fostering friendship between people and strengthening unity within society.

The international significance of Navruz has received special recognition. In 2009, UNESCO inscribed Navruz on the Representative List of the Intangible Cultural Heritage of Humanity. Subsequently, the United Nations General Assembly proclaimed March 21 as International Nowruz Day, highlighting the holiday's role in strengthening cultural ties and mutual respect among nations.

The traditional festive table (dasturkhon) plays a central role in Navruz ceremonies. Various dishes prepared from spring bounties, including Uzbek national specialties such as kuk somsa (green somsa), kuk chuchvara (herb dumplings), halim and sumalak, are considered symbolic elements of the holiday. In particular, ceremony of preparing sumalak represents a centuries-old communal tradition. Made from wheat sprouts, this dish is interpreted as a symbol of abundance and prosperity.

Historical sources record that ceremonies associated with sumalak were held in the form of ancient communal festivities. Some researchers note that these traditions continued through the Middle Ages. In particular, historical records from the Timurid era contain information about spring festivals and public celebrations. These ceremonies were often organized in open fields, gardens, or city centers, featuring various traditional folk games.

Another ancient tradition associated with Navruz is the spring festival. Events such as the Tulip Festival (Lola Sayli) or the Red Flower Festival (Guli Surkh Sayli) are dedicated to celebrating the awakening of nature. These festivities were primarily held in mountain and foothill regions, evolving as ceremonies linked to the blooming of spring flowers.

Cultural scholars explain the significance of Navruz in society through several key aspects. First and foremost, it ensures the continuity of centuries-old traditions and values. Secondly, the holiday strengthens social virtues such as collectivism, generosity, and tolerance. Thirdly, Navruz serves as an important platform for promoting cultural dialogue and mutual understanding among diverse peoples.

From this perspective, Navruz is regarded not only as a spring holiday but as a unique cultural phenomenon shaped throughout the history of human civilization. Its ancient customs, ceremonies and symbolic meaning continue to play a vital role today in strengthening social harmony, preserving historical heritage, and passing it on to future generations.

Dunyo IA

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

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

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

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

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

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

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

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

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

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

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

Sultonmurod Ozodov, CERR

In recent years, taking into account international standards and advanced foreign experience, ensuring the protection of the rights of convicts, respect for their honor and dignity, education of morality and conscientious work for further social adaptation in society upon release, a fundamental improvement of the penal enforcement legislation in the Republic of Uzbekistan has been carried out with the introduction of effective legal mechanisms.

Currently, there are a number of international conventions and provisions aimed at protecting the rights of convicts, which are regulated by the International Covenant on Civil and Political Rights. (1966), "Convention against torture and other cruel, inhuman or degrading treatment or punishment" (1984), "Declaration on the protection of all persons from torture and other cruel, inhuman or degrading treatment or punishment" (1975), "Standard minimum rules for the treatment of convicts (Nelson Mandela rules)" (2015), "UN rules for the protection of minor children deprived of liberty " (1990), "Basic principles of the treatment of convicts" (1990).

Based on the norms of these international documents developed and adopted by the international community on standards for the treatment of convicts, systematic work is underway in the country to humanize execution and reduce negative consequences during their execution, as well as strengthen the legislative, organizational and legal framework for the protection of human rights, the implementation of international human rights standards into national legislation and other important norms human life activities that have been accepted for implementation by the Republic of Uzbekistan as a subject of the above-mentioned and other international treaties.

It is important to note that "Standard minimum rules for the treatment of prisoners" of UN 1955 are generally recognized minimum standards for the detention of prisoners and have great importance and influence on the improvement of legislation, criminal law policy and the practice of penitentiary institutions around the world.

The revised text of these standard minimum rules of December 17, 2015 at the 70th session of the UN General Assembly № A/RES/70/175 was unanimously adopted in the form of a resolution. These Rules became known as the "Nelson Mandela rules" as a sign of respect for his memory after the death of the famous statesman, the President of South Africa, who outlined these rules based on the experience of spending a long part of his life in prison.

It is also necessary to pay attention to the fact that, following the visit to Uzbekistan of the Special Rapporteur of the UN Human Rights Council, the topic "Promotion and protection of human rights and fundamental freedoms in the fight against terrorism" recommendations were made to bring the legislation of the Republic of Uzbekistan into line with the minimum standard rules for the treatment of prisoners (Nelson Mandela rules), in order to improve the conditions of detention of convicts in penal institutions, to ensure the rights to freedom of religion, which formed the basis of the “Road maps”, developed in accordance with the National Action Plan of the Republic of Uzbekistan.

In order to ensure the fulfillment of these tasks, the conditions of detention of convicts in penal institutions of the Republic of Uzbekistan are considered on the basis of the requirements of the standard minimum rules for the treatment of prisoners (Mandela rules), which are gradually being implemented in accordance with these rules.

On the basis of international standards of the rights and duties of convicts, taking into account the best practices of foreign countries, the system of execution of punishments is being radically improved, the problems that have accumulated over the years are being solved.

In the new version of the Constitution of the Republic of Uzbekistan the right to life is an inalienable right of every person and is protected by law. The most serious crime is an attempt on a person's life. The death penalty is prohibited in the Republic of Uzbekistan. Essence is that no one can be intentionally deprived of life. This norm is in line with the Convention for the Protection of Human Rights and Fundamental Freedoms, as well as the International Covenant on Civil and Political Rights. The human right to life is recognized as a natural and inviolable right arising from the moment of his birth, and belongs to a person regardless of the existence of statehood and laws.

In recent years, as part of the work to bring national legislation into line with international standards, for the first time the right to be elected was granted to convicts, except for persons who committed serious and especially serious crimes (Part 6 of Article 128 of the Constitution of the Republic of Uzbekistan). The number of convicts held in institutions of general, strict, special, prison and educational regime has doubled, for correspondence, receiving visits, parcels, transfers and parcels, conducting telephone conversations.

In addition, those sentenced to imprisonment are guaranteed psychological assistance and non-application of disciplinary measures for violations committed at the time of mental disorder, and the right to a pension is established for those serving sentences in penal colonies.

Law of the Republic of Uzbekistan June 30, 2020 introduced a new norm into the Penal Enforcement Code defining the procedure for the application of incentive measures for persons serving sentences, expanded measures aimed at ensuring the personal safety of convicts while serving their sentences.

At the request of the convicts, long-term visits can be replaced by short-term visits or remote video calls or telephone conversations, and short-term visits are replaced by remote video calls or telephone conversations. Persons serving sentences from low-income families are employed in high-paying jobs.

In the process of ongoing reforms, special attention was paid to creating decent conditions for convicts, for this purpose, the pre-trial detention facility -64/1, which had a negative character and was popularly nicknamed "Tashturma", was closed in Tashkent. Instead, a new pre-trial detention facility №1 has been built and is functioning in  Zangiata district of the Tashkent region, fully meeting international standards. Similarly, the institution "Jaslyk" in Karakalpakstan was abolished, and the convicts held in it were transferred to other colonies of the republic.

In recent years, there has been a tendency in our country to use alternative, non-custodial measures, which has reduced the number of convicts sent to penal institutions. This situation has made it possible over the past four years to reduce three penal colonies of the general regime, one each in Navoi, Kashkadarya and Tashkent regions.

In the Republic, the legislative, executive, and departmental authorities constantly monitor compliance with the rule of law and ensure the rights and legitimate interests of persons serving sentences in places of deprivation of liberty.

Thus, with the introduction of the post of Commissioner of the Oliy Majlis of the Republic of Uzbekistan for Human Rights (Ombudsman) He was granted the right to freely visit penal institutions. The Ombudsman and the Prosecutor have separate mailboxes designed for applications and complaints from these persons. The Prosecutor's Office and the Ombudsman regularly examine the observance of laws in penal institutions. The management of the Department for the Execution of Punishment constantly carries out field visits to places of deprivation of liberty in order to study the complaints and statements of convicts and make an appropriate decision and its immediate execution.

It should be added that, according to the recommendations of the UN charter bodies and treaty committees, the national preventive mechanism is being improved on the basis of the "Ombudsman Plus" model. The Ombudsman, and the Children's Ombudsman, the National Center for Human Rights and the Business Ombudsman have also been given the authority to monitor penal institutions.

As a result of the ongoing reforms, completely new priorities of the State penal enforcement policy have been developed and put into practice, providing for the following main aspects.

In particular, the Penal Enforcement Code has been supplemented with a new Article 102 "Procedure for the application of incentive measures", which abolished restrictions on visits of juvenile convicts with their parents or persons replacing them; convicted pregnant women with children are granted additional rights to long visits with minor children lasting up to five days - four times a year as well as long - term visits with the possibility of living outside the territory of the institution, the application of incentive measures to convicts - at least twice a year; if there is a threat to the safety of a person sentenced to imprisonment, it is established that he can apply, verbally or in writing, to any employee of the institution for the execution of punishment in order to ensure the declared safety, while the requirement is defined – upon receipt of such a statement about the need for immediate action, measures should be taken immediately to ensure his safety. An important requirement is also to prevent the unjustified use of rudeness, physical force and special means by employees and military personnel during the search of convicts; timely and appropriate conduct of long and short-term visits, telephone conversations, remote video communication, short-term remote video communication or telephone conversation.

It should be noted that such measures of encouragement for convicts are also enshrined in the penal codes of Spain, Turkiye, Japan and some other countries.

In accordance with the norms of the Penal Enforcement Code of the Republic of Uzbekistan, penitentiary institutions provide measures to protect the health of convicts, ensure their education, free use of libraries and other authorized sources of information (radio, television, movies and video films, etc.).

The "Import model" of prison management in Norway with a developed penal enforcement system is of interest. To implement this model, work is underway to establish a system of providing services (education, library use, health care) in places of detention.

It is also necessary to mention the Law of the Republic of Uzbekistan dated December 7, 2021, which, in order to humanize minors in the Penal Enforcement Code, provides for a norm defining the placement of persons in educational colonies not from the age of 13, but from 14. This has become one of the important steps towards reliable protection of the rights and legitimate interests of minors in the process of criminal and judicial proceedings in our country.

In order to further deepen the large-scale reforms being implemented in the system of Ministry of Internal Affairs, decree of March 26 and Resolution of April 2, 2021, the Main Directorate for the Execution of Punishment was transformed into the Department for the Execution of Punishment under the Ministry of Internal Affairs, it defines the legal basis for the department's activities to ensure the order of serving punishment by digitalizing the penal enforcement system, which will eliminate errors related to the human factor.

In addition, the law of the Republic of Uzbekistan dated February 15, 2023 "On State pension provision for citizens" provides that any work performed by persons sentenced to imprisonment while serving their sentence in penal institutions may be envisaged that the convicted person will be included in the work record in case of tax payment. This procedure is now defined in Article 96 of the Penal Enforcement Code of the Republic of Uzbekistan in a new edition, which has been renamed as "Payment of social tax and pension provision for convicts." Its first part defines "The expenses of institutions for the execution of punishment for the payment of labor sentenced to imprisonment that are subject to social tax", along with this, convicts have the right to transfer funds and use other services provided to convicts.

An important legislative decision is the prohibition of the use of a punishment measure with the use of a "straitjacket". This provision is based on Article 26 of the Constitution of the Republic of Uzbekistan, which states: "No one may be subjected to torture, violence, or other cruel, inhuman or degrading treatment or punishment" directly acts to prevent the use of torture and other cruel, inhuman or degrading treatment or punishment in penal institutions.

As a result of the ongoing reforms in the system of state penal enforcement policy, it is stipulated that common living quarters for persons with disabilities of groups I and II sentenced to imprisonment should be equipped with special means and devices; it is allowed to watch films, television and radio broadcasts, except for the time allotted for night rest; criteria for treatment are defined convicts.

In addition, it is important to eliminate corruption factors in assessing the behavior of convicts by including the length of service in the institution in the total length of service for their further retirement and, most importantly, by establishing strict criteria that determine the way to correct convicts.

The above allows us to conclude that the reforms carried out in this area are yielding positive results. In particular, recently the offenses of convicts in places of deprivation of liberty and after their release have been reduced; to a greater extent, the conditions of serving a sentence in the form of imprisonment comply with international standards, the incentive mechanisms applied to convicts serving sentences and those who have embarked on the path of correction are being improved, they ensure the protection of the rights, freedoms and legitimate interests of convicts, allowing them not to violate their interests; Public groups and citizens' self-government bodies are actively involved in the educational process of correcting convicts; offenses by law enforcement agencies have significantly decreased.

Mirzayusup Rustambayev,

Head of the University of Public Safety of the Republic of Uzbekistan, Doctor of Law, Professor

Uzbekistan is entering a period in which domestic transformation is becoming increasingly interconnected with global economic processes. The country has set ambitious goals: accelerating economic growth, advancing the technological modernization of industry, attracting large-scale investment, expanding exports and integrating into international value chains.

This is precisely why discussions within the G20 have practical relevance for Uzbekistan. The issues addressed by the Group of Twenty — sustainable development, industrialization, the energy transition, trade, digitalization, food security, access to capital and the modernization of financial institutions — largely align with the challenges facing the country. The difference lies mainly in scale: while the G20 shapes the key priorities of the global economy, Uzbekistan translates similar objectives into a concrete national development agenda.

The G20 brings together the world’s largest advanced and emerging economies, as well as the European Union and the African Union. Its members account for approximately 85% of global GDP, more than 75% of international trade and around two-thirds of the world’s population. For Uzbekistan, the G20 represents a platform where major global trends are shaped, including the cost of capital, the structure of demand, investment flows, industrial standards, trade rules and approaches to sustainable growth.

Investment: A Focus on Trust and Long-Term Capital

The global investment landscape is changing. Capital is becoming increasingly selective, while investors are paying greater attention not only to market size and natural resources, but also to the quality of institutions, regulatory predictability, the protection of business rights, access to infrastructure and the clarity of the legal environment.

This shift is particularly relevant for Uzbekistan. In recent years, attracting investment has become one of the central pillars of the country’s economic policy. At the Fifth Tashkent International Investment Forum, President Shavkat Mirziyoyev noted that Uzbekistan’s economy grew by 7.7% in 2025, while the country attracted USD 43 billion in foreign investment. GDP is expected to exceed USD 180 billion in 2026.

These figures reflect not only strong economic growth, but also the emergence of a new model of engagement with the international business community. Uzbekistan is strengthening its role as a stable platform for long-term capital, industrial cooperation and the regional expansion of companies.

The establishment of the Tashkent International Financial Centre plays an important role in this process. Its legal framework provides for a special regulatory regime, elements of English common law, an independent commercial court, the free movement of capital, the ability to conduct transactions in any currency, and the development of fintech, digital assets and green finance.

Such initiatives enhance Uzbekistan’s attractiveness to international businesses. They create an environment in which capital protection, transparent rules, modern financial instruments and institutional trust become integral components of the country’s overall investment architecture.

Against this backdrop, practical cooperation between Central Asia, international development banks, export credit agencies, sovereign wealth funds and the private sector is becoming increasingly important. For Uzbekistan, it is essential to establish mechanisms that facilitate the preparation and financing of specific initiatives in transport and digital infrastructure, power grids, energy storage systems, water conservation, agricultural technologies and the processing of critical minerals.

This approach is fully aligned with the priorities of the G20: investment should support not only the implementation of individual projects, but also the development of resilient infrastructure for long-term growth. Uzbekistan, for its part, is ready to offer its partners a well-prepared portfolio of projects and stable long-term conditions for their implementation.

Industry: Transitioning to a More Sophisticated Economy

One of the central themes of the G20 agenda is the development of a new generation of industry. This extends beyond increasing production volumes to encompass technological modernization, resilient supply chains, localization, advanced processing, innovation and the creation of high-skilled jobs.

For Uzbekistan, this approach is of direct relevance. The country is steadily transitioning from an economic model primarily based on raw materials and traditional manufacturing advantages toward one in which processing industries, technology, industrial cooperation and the export of higher value-added products play an increasingly important role.

Over the coming years, Uzbekistan aims to increase industrial value added from USD 36.5 billion to at least USD 60 billion, while expanding output in high-technology and medium-high-technology industries by a factor of 2.5. In 2026, the country plans to launch 782 new industrial and infrastructure projects with a combined value of USD 52 billion.

This approach is fully consistent with modern industrial policy. Manufacturing is viewed not merely as the production of goods, but as the foundation for technological resilience, employment, export growth, energy efficiency, logistics and participation in global manufacturing value chains.

A broad range of opportunities is emerging for Uzbekistan across metallurgy, the chemical industry, electrical engineering, machinery manufacturing, automotive components, pharmaceuticals, construction materials, textiles, agro-processing and digital infrastructure. In each of these sectors, the country seeks not only to expand production volumes but also to deepen value-added processing, improve product quality and access new markets.

Critical minerals have also become an increasingly important topic. For the world's leading economies, they are closely linked to the energy transition, digitalization, battery technologies, industrial modernization and secure supply chains. For Uzbekistan, with its rich mineral resource base and developing metallurgical sector, this resource advantage can serve as the foundation for new industrial clusters and production partnerships with international investors.

At the same time, it is essential that such cooperation goes beyond the simple export of raw materials and instead focuses on creating complete value chains within the region. This includes advanced processing, technology transfer, workforce development, strengthening engineering capabilities and creating highly skilled jobs. Such a model will enable Uzbekistan to reinforce its industrial self-sufficiency while becoming an even more significant partner for major international markets.

Trade: Connectivity as a Driver of Competitiveness

The relevance of the G20 is particularly evident in the area of trade. The world's largest economies already occupy a prominent place in Uzbekistan's external economic relations.

Between January and May 2026, Uzbekistan's foreign trade turnover reached USD 32.8 billion. Its key trading partners include China, Russia, Kazakhstan, Türkiye, France, the Republic of Korea and Germany. Most of these countries are either G20 members or are closely integrated into its broader economic architecture.

Decisions taken by the world's largest economies have a direct impact on the conditions of Uzbekistan's foreign trade. Technical standards, quality requirements, rules of origin, tariff policies, logistics routes, environmental regulations and digital trade procedures have become part of the day-to-day business environment for Uzbek exporters.

As a landlocked country, transport connectivity is of particular strategic importance for Uzbekistan. In today's global economy, export competitiveness depends not only on product quality but also on the speed, cost and reliability of delivery. Consequently, the development of East-West and North-South transport corridors passing through Central Asia has become an integral part of the country's trade, transport and industrial policy.

Achieving this objective requires practical solutions, including the digitalization of transit procedures, mutual recognition of electronic transport documents and certificates, coordinated operation of border crossing points, the reduction of unjustified fees and the implementation of the "One Border – One Stop" principle. The effectiveness of these measures should be assessed not by the number of agreements signed, but by tangible reductions in delivery times and transportation costs.

At the same time, Uzbekistan's export performance demonstrates important structural changes. Between January and May 2026, exports of goods excluding gold increased by 29.4%. This indicates that the country is steadily expanding the non-resource component of its foreign trade while strengthening its competitive position in industrial products, textiles, agro-processing, services, transport and other sectors.

At this stage, it is important not only to increase export volumes but also to improve their quality. Modern trade requires internationally recognized certification, consistency, strong branding, efficient logistics and the ability to meet the standards of major global markets. International standards and domestic reforms are becoming increasingly interconnected: external markets establish the requirements, while government policy helps businesses meet them.

WTO: Rules, Trust and Market Access

Uzbekistan's accession to the World Trade Organization is now approaching its final stage. This is no longer merely a technical process, but one of the key components of the country's economic transformation toward a more open, predictable and competitive model of development.

In June 2026, the issue gained additional political and practical momentum. During the meeting between President Shavkat Mirziyoyev and United States Trade Representative Jamieson Greer, particular attention was devoted to cooperation in the context of Uzbekistan's accession to the WTO and continued U.S. support for this process. At the same time, the United States officially reaffirmed its support for Uzbekistan's membership and recognized the substantial progress achieved by the country in this area.

For Uzbekistan, WTO membership represents the institutionalization of a new economic model based on reducing unnecessary trade barriers, enhancing regulatory transparency, improving the business and investment climate, expanding opportunities for exporters and strengthening the confidence of the international business community in the Uzbek market.

Integration into the WTO framework is closely linked to Uzbekistan's investment, industrial and trade agenda. For investors, it serves as a signal of greater policy predictability. For exporters, it provides access to a transparent and rules-based international trading system. For industry, it creates incentives to improve product quality, competitiveness and compliance with modern international standards. Accordingly, WTO accession should be viewed as a natural continuation of the comprehensive reforms already underway.

The New Economy: Global Trends and Uzbekistan’s Development Path

The global economy is undergoing profound structural transformation. Supply chains are being reshaped, competition for capital and technology is intensifying, and the importance of energy resilience, food security, digital infrastructure and industrial capabilities continues to grow. These are precisely the issues at the heart of the G20 agenda.

For Uzbekistan, this transformation reinforces the relevance of the country's chosen development path. The nation is already advancing in areas that are becoming fundamental to the new economy, including investment openness, industrial modernization, transport connectivity, energy development, digital transformation, export expansion and integration into the international rules-based trading system.

As the world's leading economies focus on supply chain resilience, new opportunities emerge for Uzbekistan in logistics, industrial cooperation and regional specialization. The global energy transition is increasing demand for renewable energy, critical minerals and energy-efficient industries. Food security concerns are enhancing the importance of agro-processing and cooperation with neighboring markets. Meanwhile, the growing emphasis on digitalization and financial resilience underscores the strategic importance of fintech, IT infrastructure, artificial intelligence and modern financial institutions.

At the same time, the transition to a low-carbon economy and the adoption of new digital standards must be both fair and practically achievable for developing countries. For Uzbekistan, it is essential that new international requirements be accompanied by transparent rules, reasonable transition periods, mutual recognition of equivalent standards, access to technology and financing, and support for exporters in implementing carbon accounting, product traceability and international certification systems.

In this context, the priorities discussed within the G20 closely align with the reforms already underway in Uzbekistan. The G20 therefore provides an international framework in which the country's development strategy receives both practical relevance and additional validation.

Strategic Priorities for Growth: Capital, Technology and Exports

From the perspective of investment, industry and trade, the G20 agenda highlights several strategic priorities for Uzbekistan.

The first is capital. Uzbekistan must continue developing an investment ecosystem in which international businesses see not only promising projects but also long-term institutional reliability. This requires further development of the country's financial centre, special legal regimes, industrial zones, digital public services, investor protection mechanisms and comprehensive investment facilitation.

The second priority is industry. Uzbekistan should continue strengthening its position in higher value-added manufacturing by expanding advanced processing, developing local component industries, enhancing engineering capabilities and fostering technological partnerships. This will enable the country to become a fully integrated participant in increasingly sophisticated global manufacturing value chains.

The third priority is trade and connectivity. Export policy should be built around quality, international standards, certification, logistics, branding and reliable access to global markets. For a landlocked country, this also requires continuous investment in transport corridors, transit digitalization, lower logistics costs and greater supply chain predictability. The steady growth of non-resource exports already demonstrates that Uzbekistan is moving in the right direction, while WTO accession is expected to provide additional momentum and long-term stability.

The fourth priority is partnerships. Most of Uzbekistan's principal trade and investment partners are either G20 members or closely connected to its broader economic architecture. Accordingly, cooperation with China, Russia, Türkiye, the Republic of Korea, Germany, France, India, Japan, the United States, the European Union and the Middle East should be viewed as part of a unified strategy for integration into global networks of capital, technology and markets.

Uzbekistan and the G20: Shared Priorities, Practical Outcomes

For Uzbekistan, the G20 reflects the global processes that are becoming increasingly intertwined with the country's own development trajectory. While the G20 focuses on sustainable growth, Uzbekistan is implementing large-scale economic reforms. As industrialization remains at the forefront of the international agenda, the country is strengthening its industrial base and pursuing greater technological sophistication. As discussions center on trade and investment, Uzbekistan continues opening its markets, improving its regulatory framework and establishing modern institutions for investment and capital.

The greatest value of the G20 agenda for Uzbekistan lies in the convergence of strategic priorities. The global economy is entering a new era in which capital, technology, production and trade are being fundamentally reconfigured. In this environment, Uzbekistan seeks not only to adapt to the evolving economic landscape but also to secure a stronger and more competitive position through structural reforms, openness, industrial development and long-term international partnerships.

Central Asia plays a particularly important role in this process. The region is steadily emerging as a strategic bridge between major global markets, while Uzbekistan is becoming one of the key platforms where transport corridors, industrial value chains and investment projects are translated into tangible economic outcomes.

This is the practical significance of the G20 for Uzbekistan. It provides a clearer understanding of the direction of the global economy, enables the country to align international developments with its national priorities and transforms global trends into concrete opportunities for sustainable growth. For Uzbekistan, this represents the continued implementation of its own long-term development strategy, built upon comprehensive reforms, national interests and the growing strategic potential of Central Asia.

The Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS) Eldor Aripov, commented to Dunyo IA on President Shavkat Mirziyoyev’s Address to the Oliy Majlis and the people of Uzbekistan:

- The Address of President Shavkat Mirziyoyev to the Oliy Majlis and the people of Uzbekistan goes far beyond the scope of a routine annual political speech in its significance. It constitutes a strategic policy document that marks the country’s transition to a qualitatively new stage of development — the institutional consolidation of reforms and the formation of a sustainable growth model oriented toward the long term.

Over the past decade, Uzbekistan’s economy has undergone an accelerated process of qualitative and systemic transformation. While in the mid-2010s the country’s nominal gross domestic product stood at approximately USD 60–65 billion, it has now reached USD 145 billion, as noted in the President’s Address. In practical terms, this represents more than a twofold expansion of the nation’s economic scale over an unprecedentedly short historical period.

In recent years, average annual economic growth has consistently remained at around six percent. This reflects not only the preservation of positive momentum, but also the economy’s capacity for sustained growth amid external shocks — including the pandemic, disruptions to raw material supplies and logistics chains, and global inflationary pressures.

Sectoral indicators corroborate this assessment. Over the past decade, industrial output has more than doubled, whereas in the early 2010s industry played a largely auxiliary role relative to the commodity-based and agricultural sectors. Today, mechanical engineering, the electrical equipment industry, and the chemical sector make a stable contribution to the economy, while the share of processing and manufacturing activities in the GDP structure has already exceeded 80 percent.

The dynamics of the agricultural sector are equally indicative. Whereas ten years ago production volumes remained the primary benchmark, today — as emphasized in the President’s Address — the priority has shifted toward processing and the export of finished products. The expansion of fruit and vegetable processing and the growth of food exports are shaping a more resilient development model, reducing the economy’s dependence on fluctuations in harvest yields and prices.

Investment dynamics also reflect qualitative change. In recent years, investment in fixed capital has been growing at a rapid pace and has reached levels well above historical averages, whereas in the early 2010s this indicator was significantly lower. At the same time, the composition of investment has shifted: while previously it was concentrated primarily in infrastructure and state-led projects, a substantial share is now being directed toward industry, energy, transport, and digital solutions. As a result, investment is beginning to support not only current growth, but also the formation of the country’s future productive base.

External trade dynamics further reinforce this picture. Over the past decade, Uzbekistan’s export revenues have more than doubled: whereas in the mid-2010s exports of goods and services stood at approximately USD 12–13 billion, in recent years they have consistently exceeded USD 24–25 billion. Crucially, this growth has been driven not only by favorable price conditions, but also by changes in the structure of export supplies.

This transformation is most clearly visible in the manufacturing and processing industries. Over the past decade, exports of textile products have increased more than threefold — from less than $1 billion to around $3 billion and above — reflecting a shift from raw-material exports to finished goods. A similar trajectory can be observed in the electrical engineering, chemical, and food industries, where export volumes have risen several times over as a result of expanded production chains and access to new markets.

Macroeconomic balance warrants particular attention. Economic and investment growth has been accompanied by the maintenance of a controlled level of public debt and overall financial stability. This is especially significant, as recent experience shows that rapid growth without adequate balance often leads to the accumulation of constraints on future development. The Address underscores that Uzbekistan has deliberately chosen a more cautious, yet strategically advantageous, development trajectory.

A comparison of developments over the past decade leads to a key strategic conclusion: the republic has reached a stage at which further progress is determined less by the sheer size of the economy than by its quality. This is why the President’s Address places central emphasis on boosting labor productivity, advancing technological modernization, and deepening industrialization. The achievements to date are viewed as the foundation upon which the economy of the coming decade is to be built.

Compared with the starting point a decade ago, the country’s economy has become larger, more diversified, and more resilient. These changes provide a long-term strategic foundation for improving citizens’ well-being and strengthening Uzbekistan’s position in both regional and global markets.

Another notable aspect of the President’s Address is its clear illustration of the feedback loop between the state and its citizens, particularly in terms of aligning ongoing reforms with the everyday needs of the population.

An analysis of the Address indicates that its priorities fully align with the issues consistently highlighted in public opinion surveys and citizen appeals over recent years. At the center of attention are employment, income levels, access to social services, the quality of education and healthcare, as well as fairness and efficiency in public governance.

Whereas in 2017–2018 poverty in Uzbekistan was measured in double digits (around 35 percent), by 2024 it had fallen to 8.9 percent.

The projected reduction to 5.8 percent in 2025 demonstrates that the country is not only approaching the previously set target — reducing poverty to six percent by the end of the year — but is actually surpassing it.

Moreover, the Address highlights a strategic goal of eradicating extreme poverty by 2030, making the fight against poverty a central pillar of the country’s long-term policy framework. This achievement has been made possible through the effective implementation of a series of social programs and reforms aimed at sustainably increasing household incomes, creating employment opportunities, and strengthening social protection.

For a significant portion of the population, particularly young people and residents of regional areas, access to stable employment and reliable sources of income is the key determinant of social well-being. Support for small and medium-sized enterprises, as well as the development of industry and infrastructure highlighted in the Address, directly responds to these expectations. International organizations, including UNDP and the Asian Development Bank, note in their studies that such a focus on employment is among the most effective tools for social stabilization.

Equally important as an indicator that the state listens to its citizens is its focus on the quality of basic services. In the Address, education, healthcare, and workforce development are presented as strategic priorities rather than secondary concerns. This aligns with the public’s expressed demand for improvements in human capital and social mobility.

The section on public governance also warrants special attention. In recent years, one of the most frequent requests from citizens has been the reduction of bureaucracy and the enhancement of transparency and accountability among officials.

Taken together, the content of the Address suggests that the state demonstrates the ability to listen to its citizens and translate public expectations into elements of strategic policy.

President Shavkat Mirziyoyev plays a particularly important role in this process as the key architect of these reforms. International financial and analytical institutions have repeatedly emphasized that political leadership is a decisive factor in the successful implementation of comprehensive reforms in countries with transitioning economies.

In Uzbekistan’s case, consistency, political will, and a focus on long-term results have made it possible to synchronize macroeconomic stabilization, social policy, and institutional reforms within a single strategic framework. The President’s Address serves both as a concentrated expression of this strategy and as a tool for its further deepening.

Taken together, the President’s Address to the Oliy Majlis and the people of Uzbekistan constitutes not merely an agenda for the next stage of reforms, but a strategic framework for the country’s future development. Supported by empirical data and assessments from leading international organizations, it strengthens domestic consensus and enhances the confidence of the international community. Its key significance lies precisely in its role as a document that defines the sustainability of reforms and the country’s long-term competitiveness.

Dunyo IA

The changes taking place in Central Asia in recent years can hardly be described as simplediplomatic rapprochement. This process is also transforming the economic landscape of the region.

Several years ago, issues related to borders, transport, water and energy were largely viewed as sources of disagreement. Today, these very areas are becoming some of the greatest opportunities for cooperation. This is because the countries have come to understand that the individual market and opportunities of each country are limited, while an interconnected region creates a much larger economic space.

The political foundation of this change is linked to a new regional approach that began in 2017. The policy of openness, good-neighborliness and pragmatism promoted by President of Uzbekistan Shavkat Mirziyoyev has strengthened dialogue among the Central Asian states.

While the first Consultative Meeting of the Heads of State of Central Asia was held in Astana in 2018, by 2025 such meetings had become a regular tradition. Most importantly, the economic results of this dialogue have become increasingly visible.

For example, in 2023, mutual trade among the countries of the region increased by more than 2.5 times compared with previous years, while mutual investment grew almost sixfold. At the 2025 Tashkent meeting, it was noted that intra-regional trade in Central Asia had reached $10.7 billion.

 There is an important logic behind these figures: as trust increases, risks decrease; as risks decrease, trade and investment increase.

The Seventh Consultative Meeting in Tashkent: A New Geoeconomic Architecture

The seventh Consultative Meeting, held in Tashkent in November 2025, marked a new stage in regional cooperation. Azerbaijan’s accession to the format as a full-fledged participant expanded the economic geography of Central Asia.

Why is this important? One of the major challenges facing Central Asia is its limited direct access to seaports. Azerbaijan, through the Caspian Sea, connects the region with the markets of the Caucasus, Türkiye and Europe.

In this regard, the Port of Baku, the Trans-Caspian International Transport Route and railway networks may open new export opportunities for Central Asia.

This is not simply about transporting goods. Logistics centers, warehouses, insurance and financial services, and processing enterprises will emerge around the new corridors. In other words, a single transport corridor can create new businesses across several sectors.

Therefore, Central Asia is gradually beginning to emerge not simply as a “landlocked region,” but as an economic hub where Eurasian transport corridors intersect.

Integration Is Driven by Business, Not Summits

The real outcome of regional cooperation is measured not by the number of documents signed at summits, but by changes in the lives of enterprises and entrepreneurs. In this regard, bilateral relations are particularly important. For example, trade turnover between Uzbekistan and Kazakhstan is planned to increase to $10 billion.

Thousands of joint enterprises have been established in the two countries in recent years.

 Trade with Turkmenistan has also approached $1 billion. The growth of cross-border trade and cargo transportation shows that economic ties between the two countries are developing not only at the level of capitals, but also at the regional level.

With Kyrgyzstan, transport and energy cooperation is of particular importance, especially the China–Kyrgyzstan–Uzbekistan railway project. If implemented, it will further strengthen Central Asia’s transport connectivity along east-west routes.

Relations with Tajikistan are also increasingly viewing trade, industrial cooperation, transport, water and energy issues from the perspective of economic cooperation.

All these processes are connected by one trend: neighboring countries are beginning to see each other not only as markets, but also as partners in production and investment.

Uzbekistan–Azerbaijan: Towards Lasting Friendship and Joint Markets

Uzbekistan–Azerbaijan relations hold a special place in cooperation between Central Asia and the South Caucasus.

Joint projects between the two countries are expanding in trade, energy, logistics, construction, geology, textiles and tourism.

Bilateral trade increased in 2025, and high growth rates have continued in 2026.

Most importantly, relations are moving beyond ordinary trade toward investment and joint production. A target has also been set to bring bilateral trade turnover to $1 billion by 2030.

Another important aspect of this cooperation is the possibility of combining Uzbekistan’s production capabilities with Azerbaijan’s logistics opportunities in the Caspian and Caucasus regions.

For example, products manufactured in Uzbekistan can reach Azerbaijan via the Caspian Sea and then access the markets of Türkiye and Europe. If customs procedures, railway transportation, port operations and electronic document systems are coordinated along this route, the time and cost required to bring products to market can be reduced.

Therefore, Azerbaijan’s accession to the regional cooperation format is not merely a symbolic diplomatic event. It is a practical step that expands Central Asia’s economic map westward through the Caspian Sea.

From Cholpon-Ata to Avaza: Ahead of the Eighth Consultative Meeting

On October 8–9, 2026, the eighth Consultative Meeting of the Heads of State of Central Asia is scheduled to take place in the Avaza National Tourist Zone of Turkmenistan.

The importance of this meeting can also be seen in its agenda. Along with transport and energy, issues related to water, climate, ecology, the Aral Sea, education and human capital are expected to be discussed.

This is not accidental. The economic future of the region can no longer be divided into separate sectors.

For example, water is directly connected with agriculture and energy; energy is connected with industry; transport is connected with exports; and education is connected with high technologies.

Therefore, at the next stage, it is not enough to understand integration simply as “more trade.” The key issue is to create more value together.

Regional Value Chains

One of the most important issues for Central Asian countries in the future is not simply increasing the volume of trade, but determining how much added value is created within that trade.

For example, if automotive components are produced in one country, a vehicle is assembled in another, spare parts are manufactured in a third, and the finished product reaches external markets through a fourth country — this represents genuine regional economic integration.

Such a model can be applied in textiles, electrical engineering, automotive manufacturing, food production, chemicals, pharmaceuticals and construction materials.

For this, a business-friendly environment is needed: digitalization of customs procedures, mutual recognition of certificates, shorter border-crossing times, and compatibility of electronic payments and documents.

Simply put, the greatest result of integration should not be a new declaration, but the ability of an entrepreneur to cross the border faster and at lower cost.

Water and Energy: From a Challenge to a Common Interest

           One of the most complex issues of integration in Central Asia is water and energy.

Water resources and energy potential are not distributed evenly among the countries. Therefore, if a state acts solely on the basis of its own interests, this may lead to unfavorable consequences for the region as a whole.

Conversely, coordinating reservoirs, hydropower, agriculture and electricity grids increases overall efficiency.

Climate change is making this issue even more urgent. Droughts, shrinking glaciers and growing demand for water will require countries to cooperate even more closely in the future.
Therefore, digital water accounting, data exchange, joint forecasting and the development of cross-border energy projects will become important components of integration.

“Central Asia Plus”: The Region Is Moving in Harmony with the Outside World

 Another important outcome of regional rapprochement is the growing perception of Central Asia as a common economic actor in negotiations with external partners.

Through “Central Asia Plus” formats, dialogue is being conducted with the European Union, China, Russia, the United States, South Korea and other partners.

The important point here is that external partners now have an opportunity to view the region not only as five separate markets, but as a larger interconnected economic space.

At the first “Central Asia–European Union” summit, held in Samarkand in 2025, transport, green energy, investment and digitalization were discussed. Trade and transport links with China are also expanding. The first “Central Asia–Republic of Korea” summit, held in Seoul in 2026, demonstrates the growing importance of technology and human capital.

Thus, the region is simultaneously strengthening internal integration and diversifying its external economic relations.

Seven Priority Economic Areas for New Development

 Political trust has been established in Central Asia. The next task is to turn it into economic results. Several areas are crucial for achieving this.

First, customs and trade processes need to be digitalized.

Second, the number of joint industrial enterprises and regional value chains should be increased.

Third, the China–Kyrgyzstan–Uzbekistan railway, the Trans-Caspian Corridor and other routes should be developed as a single interconnected logistics system.

Fourth, investment funds, export credit, insurance and public-private partnership mechanisms need to be expanded.

Fifth, data exchange and long-term planning in water and energy should be coordinated.

Sixth, common standards for digital payments and e-commerce are important.

Finally, investment in human capital is essential. The integration of the future will be driven not only by railways, but also by engineers, programmers, scientists, entrepreneurs and specialists of the new generation.

The most important feature of current developments in Central Asia is that countries are increasingly beginning to see one another not as competitors, but as partners.

The goal of increasing trade with Kazakhstan to $10 billion, the growth of cross-border trade and transport links with Turkmenistan, railway and energy projects with Kyrgyzstan, water and energy dialogue with Tajikistan, and the opening of new transport and investment opportunities through the Caspian Sea with Azerbaijan are all different manifestations of the same process.

This process is not yet complete. On the contrary, its most important stage is only beginning.

Because turning political agreements into economic results is not always easy. An agreement signed at a summit must become a new product at an enterprise, a transport agreement must lead to cheaper logistics, and an investment agreement must create a new job.

If this chain works, the geographical constraints of Central Asia can become an economic advantage.

If the ports on the Caspian Sea, railways coming from the east, common energy systems, regional industrial chains and a large consumer market become interconnected, Central Asia will become not simply a geographical region, but an important economic space in Eurasia.

Today, the region faces a historic opportunity: to turn geographical constraints into economic advantages, common problems into joint projects, and national markets into a large interconnected space for development.

To achieve this, the agreements reached at summits must be transformed into tangible results that enterprises, investors, farmers, transport operators, scientists and ordinary citizens can feel in their daily lives.

Only then will cooperation in Central Asia become not a political slogan, but a real economic force creating prosperity.

The New Uzbekistan’s open and pragmatic regional policy will remain one of the important initiators and driving forces behind this common path of development.

Tulkin Teshabaev,

Rector of Tashkent State University of Economics

Doctor of Economics, Professor

In the context of rapidly changing global economies, transport and logistics are becoming more than just infrastructure elements, but crucial instruments of economic and geopolitical influence. Against this backdrop, the Organization of Turkic States (OTS) is gradually emerging as one of the most promising platforms for regional cooperation in Eurasia. The development of transport and transit links, which are now becoming the foundation for the economic integration of the Turkic countries, holds a special place in the Organization's activities.

In this regard, the informal summit of the OTS, which will take place on May 14-15 this year in Turkestan (Republic of Kazakhstan), will be positive step in further strengthening the position of the Organization, deepening cooperation and uniting the efforts of all Turkic states.

Transport as the basis of a new Eurasian architecture

Today, the member states of the OTS interact in more than 40 areas – from economics and energy to digital technologies and artificial intelligence. However, transport sphere is gradually becoming the main driver of integration.

This is due to the unique geographical location of the Turkic countries. The region is located at the intersection of major international routes connecting Europe, Central Asia, China, the Middle East, and South Asia. A new Eurasian logistics system is effectively emerging, in which the OTS’s member states play a key link between East and West.

Amid the transformation of global supply chains and growing competition between international transport routes, the states of the region are striving not only to strengthen their own infrastructure but also to create a unified transit and logistics space.

Formation of a common transport policy

In recent years, a solid legal framework has been created within the OTS, which enshrines the strategic importance of this area in documents such as «Turkic Vision 2040» and «OTS Strategy for 2022–2026».

The 2022 Samarkand Summit was of particular significance, as it saw the signing of «Agreement on International Combined Freight Transport among the Governments of the Member States of the OTS» and «the Transport Connectivity Program». These documents ushered in a new era of cooperation among Turkic countries in the near future and established specific mechanisms for its implementation.

An important step was the introduction of the e-CMR system in 2026, which allows for the electronic transfer of transport documentation. This significantly simplifies transportation, reduces bureaucratic procedures, and expedites the passage of goods across state borders. At the same time, cooperation is developing in the digitalization of customs processes, the implementation of electronic permits, and the unification of transit procedures.

Institutional strengthening of cooperation

In recent years, the OTS has been consistently developing an institutional framework for transport integration, moving cooperation from a political and declarative level to a practical level. Regular meetings of the competent authorities of the Organization’s member states play a key role in this process.

Thus, at the meeting of OTS Transport ministers in April 2026 in Bishkek, the focus was on the development of transport corridors and the removal of border crossing barriers. Essentially, this is about creating a more coordinated regional transport system capable of increasing the competitiveness of OTS routes amid growing freight flows between Asia and Europe.

Meetings of heads of railway administration, held since 2022, serve a similar function. At the October 2025 meeting in Bishkek, issues of digitalization of transportation management and improving the efficiency of rail service were discussed. This demonstrates the desire of the OTS countries to unify transport procedures and reduce logistics costs within the region.

An additional step toward institutionalization was the creation of the Alliance of Logistics Centers and Cargo Carriers within the OTS in Tashkent in 2024. The establishment of this structure demonstrates a shift toward deeper business involvement in transport integration processes.

Transport corridors as a strategic basis for the integration of OTS countries

One of the key areas of the OTS's transport strategy is the creation of a unified space of transport connectivity, centered on the development of international corridors linking East and West, as well as North and South Eurasia.

The «Middle Corridor», connecting China and Europe via Central Asia and the South Caucasus, is particularly important in this system. Against the backdrop of the transformation of global logistics, geopolitical instability, and the desire of states to diversify trade routes, this corridor is becoming one of the most promising transport arteries in Eurasia.

While the volume of traffic along this route remained relatively limited in 2020, by 2025 it exceeded 5 million tons, an increase of almost sixfold. This demonstrates the gradual transformation of the «Middle Corridor» from an alternative route into an important element of the global transport system.

Moreover, the corridor's significance extends far beyond its purely transit function. For the OTS’s member states, its development means strengthening trade and economic ties, expanding access to external markets, attracting investment, and increasing the resilience of national economies to external challenges. In the long term, the «Middle Corridor» is seen as the foundation for the development of a new model of Eurasian connectivity.

A key element of this strategy is the implementation of the «China-Kyrgyzstan-Uzbekistan» railway project, which is already considered one of the most significant infrastructure projects in Central Asia. Construction of the highway, which includes 50 bridges and 29 tunnels with a total length of approximately 120 kilometers, is estimated to cost approximately $4.7 billion.

The project will significantly reduce freight delivery times between China and Europe, strengthen Central Asia’s transit potential, and enhance the integration of the OTS’s transport system. Essentially, this creates a new strategic route capable of transforming the region's logistics configuration.

Equally important is the development of the «Trans-Afghan Corridor», which opens OTS countries to the markets of South Asia, with a population of approximately 1,9 billion and a combined GDP of approximately $3,5 trillion. For Central Asian states, this creates opportunities to diversify foreign trade, expand export routes, and reduce transportation costs. At the same time, the Trans-Afghan route has the potential to become a factor in the economic stabilization of the region by boosting trade, investment, and industrial cooperation.

Uzbekistan as a Driver of Transport Integration in the OTS

Since the Republic of Uzbekistan joined the Organization of Turkic States in 2019, transport and logistics cooperation has become a key focus of the country's foreign economic strategy within the Organization. Against the backdrop of the transformation of global supply chains, the growing importance of alternative Eurasian routes, and increased competition among international transport corridors, Tashkent has consistently promoted initiatives aimed at creating a unified transport and transit space for the OTS.

The initiatives of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, play a key role in advancing this agenda. He views transport connectivity as a key factor in regional integration and economic development. At the OTS summit in Turkey in 2021, the head of state emphasized the need for systemic cooperation in transport and transit, effectively marking a shift to a more comprehensive approach within the Organization. This agenda received significant impetus at the 2022 Samarkand Summit, where Uzbekistan advocated for the development of multimodal routes and the implementation of the e-TIR, e-Permit, and e-CMR electronic systems.

Uzbek logistics centers Universal Logistics Services (Tashkent), Akhtachy (Andijan), and Termez Cargo Center (Surkhandarya) joined the «Sister Ports» initiative, marking a practical step toward integrating Uzbekistan’s transport infrastructure into the regional logistics network.

At the summit in Astana in 2023, Uzbekistan again emphasized the diversification of transport routes and the development of the «Middle Corridor», which, in the current geo-economic environment, is acquiring strategic significance as an perspective route between Asia and Europe. At the same time, Tashkent promoted for the expansion of transport routes connecting OTS countries with the markets of China, South Asia, and Europe.

A logical continuation of this line of action was the initiatives announced at the OTS summit in Bishkek in November 2024. The focus was on optimizing transit tariffs, simplifying border procedures, creating joint logistics mechanisms, and transitioning to electronic document management.

In May 2025, at the informal OTS summit in Hungary, Uzbekistan supported for the accelerated implementation of «single-window» systems and «green corridors» along the Trans-Caspian route. At the summit in Gabala in November 2025, special attention was paid to enhancing the competitiveness of the «Middle Corridor», modernizing infrastructure, and other areas. Particular importance was placed on linking this route with the «China-Kyrgyzstan-Uzbekistan» railway project and the «Trans-Afghan Corridor», which effectively creates a new system of transport connectivity across a vast region.

The International Forum on Multimodal Transportation held in Tashkent on November 12, 2025, was a practical confirmation of Uzbekistan's growing role in the OTS’s transport agenda.

Overall, the Turkic countries are already demonstrating a willingness to move beyond the idea of ​​partnership to the creation of a unified interconnected space. Joint infrastructure projects, the development of interregional corridors, the digitalization of logistics, and Uzbekistan’s active role in promoting these processes form the foundation of a new transport architecture within the OTS.

Sarvar Kamolov,

the Chief Research Fellow of
the Institute for Strategic and Regional Studies
under the President of the Republic of Uzbekistan

The 26th International Textile and Garment Industry Exhibition TextileExpo Uzbekistan 2026 will be held from May 13 to 15, 2026 at the Uzexpocentre National Exhibition Complex in Tashkent

TextileExpo Uzbekistan is the largest B2B platform for the textile and garment industry in Central Asia, bringing together manufacturers, suppliers, and professional buyers. Here, the buyers find reliable partners, current trends, and favourable terms of cooperation, while industry representatives find comprehensive solutions for production development and optimization. Visitors can compare offers, evaluate product quality, and negotiate directly with manufacturers.

Over 150 verified suppliers from 7 countries will participate, with strong representation from companies from China.

The exhibition will traditionally cover all production cycle phases from raw materials to finished products and accessories. Visitors will find yarn, fabrics, knitwear, fittings and accessories, finished garments, technical and home textiles, hosiery, as well as chemicals and dyes for the textile industry.

According to the organizers, the traditional Buyers’ Program is planned as a unique component of the TextileExpo Uzbekistan. It is a platform focused on achieving concrete business outcomes, including targeted B2B meetings, the establishment of long-term partnerships, and the conclusion of commercial contracts. For domestic companies, the program serves as an effective channel for entering international markets and scaling export deliveries. For buyers, exclusive participation conditions are provided, allowing them to make the most efficient use of their time at the exhibition and gain priority access to key suppliers.

Dunyo IA

Just a few years ago, Central Asia and the Caucasus were rarely considered major players in the global technology landscape. Today, that perception is rapidly changing. The region is steadily strengthening its position on the global innovation map, attracting international investors, technology companies, entrepreneurs, and venture capital.

What makes this transformation particularly remarkable is that the countries of the region are not developing as competitors, but as complementary innovation ecosystems. Each country is building on its own competitive strengths while contributing to a shared environment for innovation, knowledge exchange, investment, and cross-border collaboration.

A Region Evolving into a Unified Innovation Ecosystem

The progress made by Uzbekistan and Kazakhstan over the past few years illustrates this transformation particularly well. In 2026, Uzbekistan was named Country of the Year by StartupBlink, recognizing the country's remarkable startup ecosystem growth. Venture investments increased more than fivefold, the number of startups surpassed 1,200, and the country is now home to 22 venture capital funds managing over $200 million in combined assets.

Both Uzbekistan and Kazakhstan have prioritized building long-term innovation infrastructure. Each country has established its own Fund of Funds to accelerate venture investment and help startups scale internationally, while Kazakhstan's fund has reached a total capitalization of $1 billion.

Today, both countries have produced unicorn companies, developed globally recognized innovation institutions—including IT Park Uzbekistan and Astana Hub—and continue to earn the confidence of international investors.

From Bilateral Cooperation to a Regional Alliance

A major milestone in regional integration came with the launch of the Central Asian Innovation Hubs (CAIH) initiative in 2024 by IT Park Uzbekistan and Astana Hub. In 2025, IT Park Tajikistan joined the alliance, further expanding regional collaboration.

Since its establishment, dozens of startups from across the region have gained access to international markets in Europe and Asia through participation in major global events such as London Tech Week, GITEX Kazakhstan, and Digital Kazakhstan.

The alliance also established two international innovation hubs in 2025: Khan Tengri Innovation Hub in Shanghai and Tumar Innovation Hub in Dubai. Today, these hubs actively support startups in entering the U.S., European, Chinese, and Middle Eastern markets, facilitating investment opportunities while strengthening research and development capabilities.

Another important initiative has been the launch of joint Market Entry Programs. In 2025 alone, more than 50 startups expanded into international markets, including the United States, the UAE, China, and others. More than 20 startups also joined leading global acceleration programs, including Draper University Hero Training Program (6 startups), AlchemistX (10 startups), and the Silicon Valley Residency Program (6 startups).

Expanding Toward the Caucasus

Discussions are currently underway to bring Azerbaijan into this growing regional partnership, creating an integrated innovation ecosystem that connects Central Asia with the Caucasus.

One of the platforms where this collaboration is already taking shape is the international innovation summit INMerge. Over the past five years, the forum has evolved from a relatively small corporate gathering into one of the largest technology events in Central Eurasia. Today, INMerge brings together participants from Azerbaijan, Uzbekistan, Kazakhstan, Georgia, Türkiye, and many other countries to discuss artificial intelligence, venture capital, digital infrastructure, startup development, and international cooperation.

In 2026, INMerge expanded beyond Baku for the first time by launching its regional Roadshow format across major innovation hubs. One of its flagship destinations was Tashkent, underscoring Uzbekistan's growing role as a leading innovation hub in Central Eurasia.

For startups, events like INMerge represent far more than networking opportunities—they provide direct access to international investors, strategic partners, and new global markets.

Digital Startup Awards: A Gateway to the Global Stage

Another example of the region's growing integration is the Digital Startup Awards, an initiative launched by Uzbekistan to foster a more interconnected innovation ecosystem. The program brings together startup founders from eight countries across Central Asia, the Caucasus, and Mongolia, and has become one of the region's leading platforms for identifying high-potential technology ventures.

More than a competition, the Digital Startup Awards offers a comprehensive growth platform for founders looking to scale their businesses, strengthen entrepreneurial capabilities, expand internationally, and secure investment.

Interest in the program continues to grow. In 2025, the Digital Startup Awards reached a new milestone by receiving a record 1,025 applications from startups across Central Asia, the Caucasus, and Mongolia.

The initiative aims to identify promising technology companies, connect them with investors and strategic partners, support their international expansion, and deepen collaboration among regional innovation ecosystems. Through programs like these, talented founders gain opportunities to compete on the global stage, while Central Asia, the Caucasus, and Mongolia continue to strengthen their position as one of the world's most dynamic emerging innovation regions.

IT Park Uzbekistan