The text of the article is in Uzbek!

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

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

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

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

The UEW 2026 Programme includes the following key industry events:

Uzbekistan International Energy Forum, comprising:

– the 28th International Conference Oil and Gas of Uzbekistan

– the 6th International Energy Conference

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

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

GETCA 2026: Specialised Section on Green Energy Technologies Central Asia

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

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

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

Dunyo IA

Central and South Asia are increasingly facing the same reality: climate risks are no longer a distant forecast. Droughts, water scarcity, heatwaves, land degradation, dust storms, floods, and pressure on water, food and energy security are already affecting economies, public health, infrastructure, and the resilience of entire regions.

This is why the second meeting of the Termez Dialogue on Connectivity between Central and South Asia is of particular significance. The second meeting is organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan and the Ministry of Foreign Affairs of the Republic of Uzbekistan, in partnership with the Conference on Interaction and Confidence Building Measures in Asia. This format reflects Uzbekistan’s consistent foreign policy direction aimed at strengthening trust, open dialogue, and sustainable connectivity between the regions.

While the first meeting introduced the Termez Dialogue as a platform for bringing the two regions closer together, the new agenda takes the next step: moving from a discussion of connectivity to practical mechanisms for joint climate adaptation and stronger environmental resilience. Its task is to move from conceptual discussions to concrete priorities and practical mechanisms, with joint adaptation to climate change identified among the key areas of cooperation.

Climate as a New Test of Connectivity

Climate change shows how closely water, food, energy, transport, health, and ecosystems are linked. When water availability declines, the impact is not limited to agriculture. It also affects hydropower, food prices, migration, employment, soil conditions, and even regional stability. As extreme heat becomes more frequent, cities, transport systems, healthcare systems, and labour productivity all come under pressure.

The Synthesis Report of the Intergovernmental Panel on Climate Change (IPCC), prepared as part of the Sixth Assessment Cycle, emphasizes that adaptation is already taking place in all regions of the world, but the gap between what is needed and what is being done remains and will continue to grow at the current pace of action. The IPCC also underlines that the most effective responses are not isolated measures, but integrated solutions that connect water management, agriculture, infrastructure, social protection, ecosystems, and population needs.

This is particularly important for Central and South Asia. Both regions depend on mountain watersheds, irrigated agriculture, the resilience of rural areas, as well as stable and secure energy supply and the cross-border movement of goods and people. Climate adaptation, therefore, cannot remain solely a matter of national policy. It must become part of interregional cooperation.

Uzbekistan: The Data Confirm the Urgency of Action

Uzbekistan’s Fourth National Communication under the UNFCCC identifies the country as among the most vulnerable to the impacts of climate change in Central Asia and Eurasia. This vulnerability is linked to accelerated temperature rise, growing water scarcity, glacier retreat, and the increasing frequency of extreme hydrometeorological events.

Water remains an especially sensitive factor. Uzbekistan’s water resources belong to the Aral Sea basin, while the main surface runoff of the Amu Darya and Syr Darya rivers is formed outside the country. This means that Uzbekistan’s climate resilience is directly linked to the quality of regional and interregional cooperation. Water, data, forecasts, infrastructure, and trust become part of one security system.

Cities as a New Frontline of Climate Adaptation

The climate agenda is also becoming increasingly connected with the future of cities. Speaking at the Leaders’ Summit of the 13th session of the World Urban Forum in Baku, President of Uzbekistan Shavkat Mirziyoyev noted that, over the next 15 years, the country’s population is expected to grow from 38 to 50 million people, while the urbanization rate is projected to rise from 51% to 65%.

For Uzbekistan, this is not only a demographic trend but also a climate challenge. Urban growth increases pressure on water, energy, transport, housing, air quality, and green spaces. Therefore, plans for sustainable urbanization — including the development of “green”, “smart”, “safe”, and “15-minute” cities, the expansion of urban greenery, and the introduction of green city principles — are directly linked to climate adaptation.

In this context, the Termez Dialogue can become a platform for exchanging experience not only on water and agriculture, but also on climate-resilient urban development: from reducing the urban heat island effect and saving water to clean transport, digital air quality monitoring, and designing new districts with climate risks in mind.

A New Emphasis: Adaptation as a Practical Development Agenda

The Termez Dialogue can offer an important new approach: to view adaptation not as a response to crises, but as an investment in sustainable development. This changes the very language of climate policy.

Adaptation is not only about building protective infrastructure or responding to emergencies. It is about more accurate forecasting of droughts and floods and data exchange between countries. It is about water-saving agriculture, the modernization of canals, pumping stations, and urban infrastructure. It is about restoring degraded lands and ecosystems. It is about preparing farmers, engineers, hydrologists, energy specialists, and local authorities to operate under new climate conditions.

This is why the Concept of the second meeting of the Termez Dialogue emphasizes the consolidation of efforts by states and partners to develop coordinated and mutually reinforcing approaches to climate adaptation and to reducing the socio-economic consequences of climate and environmental risks.

Why Central and South Asia Must Adapt Together

Climate risks do not recognize borders. Drought in one part of the region can affect food markets in another. Glacier retreat changes river regimes far beyond mountain areas. Dust storms, heatwaves, and extreme rainfall can affect several countries at once. Joint adaptation is therefore a practical necessity.

The IPCC stresses that around 3.3 to 3.6 billion people worldwide live in conditions of high vulnerability to climate change. It also emphasizes that the vulnerability of people and ecosystems is interconnected: the degradation of ecosystems increases risks for people, while social vulnerability reduces societies’ ability to adapt.

For Central and South Asia, this means that resilience must be built across several dimensions at once: water, food, energy, environment, and society. Food and environmental security cannot be strengthened without water. Infrastructure cannot be modernized without climate forecasts. Risks cannot be reduced without trust and information exchange.

Termez as a Place for Climate Partnership

The choice of Termez has both historical and practical significance. Termez is Uzbekistan’s southern gateway and a natural bridge between Central and South Asia. In today’s conditions, this role acquires new meaning: the city is becoming a symbol not only of transport and trade connectivity, but also of climate partnership.

Afghanistan has a particularly important role. The idea of the Termez Dialogue implies the need for the gradual integration of Afghanistan into regional economic, transport, humanitarian, and climate processes with the support of the international community. In the climate agenda, this is especially meaningful: without Afghanistan’s participation, it is impossible to build genuinely sustainable connectivity between Central and South Asia.

What the Termez Dialogue Can Deliver

The Termez Dialogue can become a platform for launching several practical areas of cooperation.

First, the exchange of climate and hydrological data, including forecasts of droughts, floods, glacier changes, and dust storms.

Second, the joint promotion of early warning systems, so that countries can prepare in advance for extreme weather events.

Third, the development of climate-resilient agriculture: water-saving technologies, drought-resistant crops, digital services for farmers, and the restoration of pastures and soils.

Fourth, ecosystem-based adaptation — the restoration of forests, wetlands, mountain and desert ecosystems that themselves serve as natural protection against climate risks.

Fifth, climate-resilient infrastructure — from transport corridors and logistics centres to energy facilities and rapidly growing cities.

From a Common Challenge to Shared Resilience

The main value of the Termez Dialogue is that it allows the climate agenda to be discussed not in the language of alarm, but in the language of joint solutions. Central and South Asia can not only exchange risk assessments, but also create common adaptation mechanisms: from scientific networks and pilot projects to investment programmes and regional standards for resilient infrastructure.

The new climate agenda of the Termez Dialogue is part of the larger idea of connectivity. Genuine connectivity is not only about roads, trade, and energy corridors. It is also about the capacity of countries to jointly protect ecosystems, human health, and the future of coming generations. The Termez Dialogue can become the space where Central and South Asia move from recognizing their shared vulnerability to building shared resilience.

Contemporary relations between Uzbekistan and Belarus demonstrate a steady upward trajectory, based on the principles of mutual respect, trust and pragmatism. Despite their geographical distance, the two countries have succeeded in establishing an effective system of partnership built upon the complementarity of their economies, the similarity of their approaches to socio-economic development, and their shared interest in expanding mutually beneficial cooperation.

Since 2017, the dialogue between the two states has acquired a qualitatively new substance. Regular contacts at the highest and high levels, the work of the Intergovernmental Commission, as well as the holding of regional forums and business events, have made it possible to give bilateral cooperation a comprehensive and systematic character.

An important factor in the expansion of international ties has been the large-scale reforms carried out in Uzbekistan under the leadership of President Shavkat Mirziyoyev. Economic liberalisation, the improvement of the investment climate, the development of free economic zones and the policy of openness have significantly increased the country’s attractiveness and created additional opportunities for deepening bilateral partnership.

Today, amid the transformation of the global economy, the restructuring of logistics chains and the emergence of new centres of economic growth, this partnership is gaining particular relevance and strategic significance.

At the same time, a key factor in the sustainable development of Uzbek-Belarusian relations is the high level of political mutual understanding. The constructive mechanism of interaction established by the two sides enables them to effectively coordinate joint actions across a broad range of issues.

The strong dynamics of relations are evidenced by regular negotiations at the highest level: since 2017, more than eight meetings have been held. Such an intensive schedule of contacts has made it possible to promptly address emerging issues on the bilateral agenda and define long-term priorities.

A powerful impetus to cooperation was provided by the official visit of President of Belarus Alexander Lukashenko to Uzbekistan in February 2024. Following the visit, a Joint Statement was adopted and a Roadmap was prepared for the implementation of the agreed decisions. Practically all subsequent steps — in trade, industrial cooperation and the humanitarian sphere — have been a direct result of these agreements.

In February 2026, Tashkent hosted Prime Minister of Belarus Alexander Turchin. During his talks with President of Uzbekistan Shavkat Mirziyoyev, a new agenda was outlined in preparation for upcoming interstate events at the highest level, and the readiness of both sides to consistently implement the planned projects was reaffirmed.

The practical elaboration of joint initiatives is carried out within the framework of the Intergovernmental Commission on Bilateral Cooperation. In May 2026, its 12th meeting was held under the co-chairmanship of Deputy Prime Ministers of Uzbekistan and Belarus Jamshid Khodjaev and Yuri Shuleiko.

The parties discussed preparations for the Partnership Roadmap for 2026–2030, as well as measures to further expand trade, economic and investment cooperation. Particular emphasis was placed on broadening the range of mutual supplies, intensifying industrial cooperation and establishing joint production facilities for high value-added goods. The priority areas identified include electrical engineering, pharmaceuticals, the chemical industry, agricultural machinery production, construction materials, textiles and ready-made garments.

Contacts between the foreign ministries deserve special attention. In 2025, Minister of Foreign Affairs of Belarus Maxim Ryzhenkov visited Termez, where, together with his Uzbek counterpart Bakhtiyor Saidov, he discussed prospects for expanding trade routes through the free trade zone of the International Trade Centre Termez, as well as promoting routes through Afghanistan. This confirms that transit and logistics are assuming an increasingly important place on the bilateral agenda.

The treaty and legal framework of Uzbek-Belarusian relations is also being consistently expanded. To date, the two countries have concluded more than 126 interstate, intergovernmental and interdepartmental agreements regulating cooperation in various areas. This extensive body of agreements forms a reliable institutional basis for cooperation, enabling political decisions to be translated into practical implementation and ensuring continuity in key areas.

The trade and economic sphere demonstrate the highest growth rates. Over the past five years, mutual trade turnover has increased 2.7 times. Belarusian supplies to Uzbekistan have grown 2.5 times, while Uzbek exports to Belarus have increased almost fourfold. By the end of 2025, a 25 per cent rise in mutual trade was recorded, bringing its volume to USD 965 million. This brings the two sides close to the USD 1 billion threshold set by the heads of state as a strategic benchmark.

Moreover, the pace of growth is accelerating. In the first quarter of 2026 alone, trade turnover increased by almost 50 per cent year-on-year, reaching USD 259.7 million. Against this background, the parties have begun developing a joint programme to raise trade turnover to USD 2 billion by 2030. Today, Belarus ranks third among CIS countries in terms of trade turnover in Uzbekistan’s foreign trade, after only Russia and Kazakhstan.

The principal components of Uzbekistan’s exports to Belarus include textiles, fruit, metals and selected industrial products. Imports from Belarus consist primarily of meat and dairy products, timber, vehicles, pharmaceuticals, fuel, machinery, equipment and metal products.

An important step towards expanding trade and economic cooperation was the announcement in March 2026 of the establishment of the Uzbekistan Trade House in Minsk. The project envisages the creation of a permanent platform for promoting Uzbek products, showcasing the output of domestic manufacturers and strengthening business-to-business ties.

Importantly, bilateral interaction extends well beyond trade. Increasing significance is being attached to industrial cooperation aimed at establishing joint ventures, localising technologies and developing export-oriented production facilities.

As of early 2025, approximately 250 enterprises with Belarusian capital were registered in Uzbekistan, while around 87 joint Uzbek-Belarusian companies were operating in Belarus. The overall portfolio of joint projects exceeds USD 300 million, demonstrating that bilateral cooperation has evolved into a systematic and sustainable partnership rather than a series of isolated business initiatives.

The priority areas of industrial cooperation include mechanical engineering, electrical engineering, pharmaceuticals, the textile industry and food processing. Traditionally, agricultural machinery has remained the flagship area of cooperation, with Belarusian products—including tractors, combine harvesters and specialised agricultural equipment—holding strong positions in the Uzbek market. Today, however, the two countries are moving to a new stage by establishing assembly lines and manufacturing facilities within Uzbekistan.

In February 2026, prospects for further cooperation were thoroughly examined during a business dialogue held at the Mogilev Free Economic Zone, with the participation of diplomats, regional authorities and business representatives from both countries. The participants identified several priority sectors, including electrical engineering, the chemical industry, construction materials and textiles, while also emphasising the importance of expanding the presence of Belarusian companies in the Uzbek market through investment mechanisms rather than relying solely on exports.

It should be noted that a solid practical foundation for deeper cooperation has already been established. A joint production facility manufacturing BELARUS tractors operates in the Tashkent Region; in partnership with EnergoKomplekt, the Enco Group high-voltage cable manufacturing plant has been launched; and the Belarusian-Uzbek joint venture UzShoes has been successfully operating in the city of Karshi.

The two countries have also agreed to promote joint production of high value-added goods. This transition—from traditional trade to the joint creation of competitive industrial products—represents the most significant qualitative shift in bilateral economic relations.

One of the most promising areas of cooperation remains the agro-industrial sector. According to the results of 2025, agricultural products accounted for almost 25 per cent of Belarus’s total exports, while the agro-industrial sector generated around 7 per cent of the country's GDP. These figures highlight considerable potential for cooperation within the CIS market, based on the complementary nature of the two economies. Belarus possesses a highly developed dairy and meat industry, grain processing capacities and an advanced food industry, whereas Uzbekistan offers a rich agricultural resource base, a strong fruit- and grape-growing sector, and a large consumer market.

Against this backdrop, the cooperation agreement on food security and food industry development, signed in Tashkent in May 2026 between the relevant ministries of the two countries, represents a logical and important step forward. The agreement elevates bilateral cooperation in the agro-industrial sector to a fundamentally new level of systematic and predictable partnership, replacing ad hoc commercial transactions with long-term strategic collaboration. A clear indication of this progress is the substantial increase in bilateral trade in agricultural and food products, which reached USD 338.9 million in 2025, compared with USD 234.2 million the previous year.

From a long-term perspective, the establishment of joint agro-industrial enterprises in Uzbekistan for fruit and vegetable processing, dairy production, storage technologies and logistics represents an area of considerable strategic importance. Belarusian expertise in land reclamation and water management could also be effectively applied, particularly in the context of Uzbekistan’s large-scale programmes for the development of new irrigated agricultural land.

Another important indicator of bilateral cooperation is the volume of freight transportation. In 2025, cargo shipments exceeded 796.6 thousand tonnes, representing a 6 per cent increase compared with the previous year. At the same time, both countries continue to actively diversify transport routes, including through Central Asia and Afghanistan, thereby enhancing the reliability and resilience of supply chains.

Interregional cooperation is also developing dynamically. Direct partnership links between the regions and cities of Uzbekistan and Belarus complement the central-level political dialogue and serve as an important source of practical initiatives. It is at the regional level that concrete production chains, educational partnerships and cultural exchanges are being established.

The sustainability of this dimension of cooperation is evidenced by the growing intensity of contacts between the regions of the two countries. Since 2017, more than 40 visits by representatives of the regions of Uzbekistan and Belarus have taken place, reflecting the high level of engagement. Regional Forums have played a particularly important role in institutionalising bilateral relations, becoming a regular and effective platform for launching new joint initiatives. A notable example was the conclusion in 2025 of cooperation agreements between the cities of Navoi and Orsha, as well as Termez and Polotsk, giving these partnerships a practical and long-term orientation.

Overall, the accumulated potential of Uzbek-Belarusian cooperation indicates that bilateral partnership has entered a qualitatively new stage of development. Its progress is now determined not only by the positive dynamics of individual indicators, but also by the establishment of sustainable mechanisms of cooperation that ensure the long-term implementation of the strategic course pursued by both countries.

The political, institutional and economic foundations that have been established enable the two sides to pursue ambitious objectives aimed at deepening industrial cooperation, attracting investment, strengthening transport connectivity and implementing joint projects in high-technology and innovation-driven sectors. Taken together, these factors demonstrate that Uzbekistan and Belarus possess a substantial reserve of resilience and maintain significant potential for further progress in the interests of both nations.

Iroda Imamova

Leading Research Fellow

Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan

The year 2025 marked a stage of qualitative renewal and consolidation of Uzbekistan’s foreign policy positions. Amid a complex and ambiguous international environment characterized by rising geopolitical tensions, the transformation of global institutions, and intensifying competition for resources and markets, Uzbekistan, under the leadership of President Shavkat Mirziyoyev, consistently pursued an open, pragmatic, active, and proactive foreign policy. This approach not only helped preserve the stability of external relations but also infused them with new substantive content aligned with the country’s long-term interests and domestic development priorities.

As emphasized by the President of Uzbekistan, Shavkat Mirziyoyev, in his Address to the Oliy Majlis and the people on December 26, 2025, “in recent times the country has been becoming an international platform for dialogue where global issues are discussed.”

As an integral part of the large-scale socio-economic reforms underway in the country, the diplomatic strategy of New Uzbekistan was aimed at creating favorable external conditions for economic modernization, attracting foreign investment and tourists, expanding export potential, and strengthening humanitarian and cultural ties. The foundations of this foreign policy course remained the principles of openness, equal partnership, mutual respect, non-interference in the internal affairs of states, and strict adherence to international law.

Political dialogue at the highest level with prominent world leaders has reached a new stage and become regular. New agreements have been reached with the leaders of the United States, China, Russia, France, Italy, Turkey, South Korea, Japan, Malaysia and a number of Arab states. In 2025, the number of bilateral meetings at the level of heads of state and government exceeded 55, which indicates a growth in mutual trust with foreign partners.

A similar trend was observed in the development of intensive high-level political dialogue. Throughout the year, high-level Uzbek delegations carried out 172 visits to 93 countries, covering virtually all key regions of the world. Representatives of ministries, agencies, and regional administrations also played a substantial role in shaping the international agenda. With the support of diplomatic missions, they undertook around 300 official visits to more than 50 countries, bringing foreign relations to a more practical and results-oriented level.

Acting as an active host, Uzbekistan has become one of the centers of world diplomacy. This is clearly demonstrated by the fact that the country has hosted forums, assemblies and conferences of the Inter-Parliamentary Union, the United Nations Civil Service, the UNESCO General Conference, the International Climate Conference, the Tashkent Summit of the countries of the region and a number of other major events. Our country has hosted over 120 high-level foreign delegations, as well as about 300 delegations from regional authorities of foreign states. These contacts have contributed to the development of interregional cooperation, the establishment of direct links between business circles and the expansion of the legal framework for cooperation.

Central Asia traditionally occupies a special place in Uzbekistan’s foreign policy strategy. In 2025, this priority received further institutional development. Uzbekistan chaired the Consultative Meeting of the Heads of State of Central Asia, with the chairmanship implemented for the first time on the basis of a comprehensive standalone program. Its agenda covered economic cooperation, transport connectivity, environmental issues, rational use of water resources, and humanitarian exchanges.

The organization of more than twenty major events and the holding in Tashkent of a summit of Central Asian leaders—historic in its outcomes and chaired by President Shavkat Mirziyoyev—became the culmination of regional diplomacy for the year. These developments confirmed the region’s aspiration to deepen mutual trust and pursue joint development.

Today, we can say with confidence that our vast region is becoming a unified, fully-fledged player in world politics for the first time in a long time. This is evidenced by the growing attention of the international community and the changed perception of the region on the global stage. A striking example is the development of the ‘Central Asia Plus’ formats, which in 2025 were filled with new concrete practical content. The summits with the European Union, China, Russia, the United States and Japan clearly demonstrated the region's increased role in global politics and strengthened its position as an area of stability, predictability and mutually beneficial cooperation.

An important direction of Uzbekistan’s foreign policy in 2025 was the further expansion of its geographical reach. Alongside traditional partners in the CIS, Europe, and Asia, contacts with countries in Eastern Europe, the Middle East, Africa, and South America were intensified. The first-ever bilateral high-level engagements with Slovakia, Serbia, Jordan, Paraguay, and several other states testified to the consistent expansion of Uzbekistan’s international presence. As a result, the total number of countries with which Uzbekistan maintains diplomatic relations reached 165.

Against this backdrop, several events of strategic significance had a profound impact on Uzbekistan’s foreign policy positioning in 2025. The signing of the Enhanced Partnership and Cooperation Agreement with the European Union and President Shavkat Mirziyoyev’s visit to Brussels marked a transition in relations with the EU to a qualitatively new level. The agreement established a solid legal framework for deepening political dialogue, expanding trade and economic ties, attracting investment, and developing cooperation in sustainable development, the green economy, and digitalization, while also reflecting the high assessment by European partners of Uzbekistan’s ongoing reforms.

Continuing its course toward expanding and deepening engagement with key global centers of power, Uzbekistan steadily developed relations with the United States. A landmark event in this regard was the successful outcome of the “C5+1” summit held in Washington in November, which brought together the leaders of the United States and the Central Asian states. Uzbekistan’s role in this format has been widely recognized by international experts and policymakers as that of a key initiator of regional cooperation and a responsible partner of the United States in the areas of sustainable development, security, economic interaction, and humanitarian ties.

Equally significant was the participation of the President of Uzbekistan in the session of the United Nations General Assembly. The head of state’s address from the UN’s main international platform reaffirmed the country’s commitment to multilateralism, peaceful dialogue, and the collective search for solutions to pressing global challenges.

In 2025, four resolutions initiated by Uzbekistan were adopted by the UN General Assembly, reflecting the country’s priorities in sustainable development, regional security, and humanitarian cooperation. In addition, Uzbekistan was elected to several authoritative UN bodies, underscoring the growing trust of the international community.

A historic event of the year was the holding of the 43rd session of the UNESCO General Conference in Samarkand. For the first time in forty years, this forum took place outside Paris, representing unprecedented recognition of Uzbekistan’s cultural, historical, and civilization significance. For several days, Samarkand became a global platform for dialogue on education, science, and culture, strengthening the humanitarian dimension of Uzbekistan’s foreign policy and its image as a center of intercivilizational interaction.

Alongside active political diplomacy, economic diplomacy developed dynamically in 2025, firmly establishing itself as one of the key instruments of the country’s foreign policy. Systematic work within the framework of “Ministry of Foreign Affairs — diplomatic missions — sectoral agencies — regions” yielded tangible results in attracting foreign investment and expanding external economic ties. Over the first ten months of the year, USD 34.4 billion in foreign investment was mobilized with the support of diplomatic missions.

The effectiveness of Uzbekistan’s economic policy received high praise from international financial institutions and rating agencies. In 2025, Fitch Ratings and S&P upgraded the country’s sovereign credit rating from “BB-” to “BB,” while Moody’s revised its outlook from “stable” to “positive,” reflecting growing confidence in the economy and the sustainability of ongoing reforms.

The intensification of foreign economic activity also contributed to the growth of trade indicators. Over the first eleven months of 2025, Uzbekistan’s foreign trade turnover reached USD 72.7 billion, with exports amounting to USD 30.8 billion—an increase of USD 6.6 billion compared to the same period of the previous year. A significant reduction in the trade deficit was the result of targeted efforts by diplomatic missions to diversify markets and promote domestic products abroad.

Tourism, as an element of “soft power,” played an important role in shaping Uzbekistan’s positive international image in 2025. Over eleven months, the country was visited by 10.7 million foreign tourists, with more than one million foreign visitors welcomed each month on average. Active participation in international exhibitions, large-scale promotional events abroad, and the hosting in Tashkent of the first “Central Asia–European Union” Tourism Forum helped strengthen Uzbekistan’s position as one of the most promising tourist destinations in the region.

Considerable attention was also devoted to protecting the rights and interests of Uzbek citizens abroad, an important humanitarian dimension of foreign policy. From January to September 2025, more than 385,000 consular actions were carried out, including the return of unlawfully confiscated documents and the recovery of unpaid wages, alongside the implementation of programs facilitating the return of compatriots to their homeland. In parallel, digital consular services were improved, the geography of visa-free and simplified entry for Uzbek citizens was expanded, and cooperation with diaspora communities was strengthened.

In summary, the outcomes of 2025 clearly demonstrate that Uzbekistan’s foreign policy has reached a high level of maturity, consistency, and effectiveness. The country not only strengthened its positions on the international stage but also successfully leveraged diplomatic instruments to support domestic development, enhance investment attractiveness, and improve the quality of life of its citizens. Uzbekistan concludes the year with an expanded network of partnerships, a robust legal and contractual framework, and a clear vision for the future—remaining open to the world and looking ahead with confidence and optimism.

Dunyo IA

Center for Economic Research and Reforms (CERR), jointly with the Chamber of Commerce and Industry (CCI), surveyed more than 5,000 entrepreneurs from all regions of the country.

Study assesses the business environment and the effectiveness of entrepreneurship support measures, while developing proposals to further improve business conditions and promote private sector development.

Private businesses accounted for the majority of respondents (93%). By type of activity, wholesale and retail trade had the largest representation (43%), followed by services (30%), industry (17%), construction (8%), and agriculture, forestry and fisheries (2%).

The sample covers enterprises with varying levels of business experience. Almost one in four has been operating for more than 10 years (24%), more than a quarter for 5–10 years (28%), around a quarter for 3–5 years (26%), and one in five for 1–3 years (20%).

Survey results show that enterprises use a variety of tools to improve efficiency. One in three enterprises has adopted several digital solutions (33%), a comparable share uses artificial intelligence in at least two areas (30.4%), and almost one in four applies energy-saving solutions (23.2%). Enterprises are also introducing new products and technologies and revising their production and business processes to reduce costs.

Combined use of several measures is associated with stronger business performance. Among companies that have implemented at least three efficiency improvement measures, more than half report increased demand for their products and services (54.1%). Such enterprises are 4.1 times more likely to reduce costs, while the share of companies recording wage growth of more than 10% is 2.1 times higher.

Enterprises that have implemented at least three efficiency improvement measures also demonstrate greater investment activity, with more than half planning to increase investment in the following year (57.8%).

However, the comprehensive application of efficiency improvement tools has not yet become widespread. Approximately one in nine enterprises has implemented three or more measures (11.6%), while more than a quarter use none of the measures examined (28.5%).

By sector, three or more measures are implemented by 13% of enterprises in both industry and services, followed by trade (11%), construction (9%), and agriculture (8%). Regional differences are more pronounced. The comprehensive set of measures is most widely applied in Tashkent city (18%), while the corresponding figures are considerably lower in the Samarkand (4%), Bukhara (3%), and Syrdarya (2%) regions.

The survey results indicate the widespread use of basic digital solutions among enterprises (94%).

More than half of enterprises use artificial intelligence in one form or another (60%). AI is most commonly applied in marketing and sales (24%), production process optimization (15%), accounting and financial analysis (14%) and chatbots (13%).

At the same time, around one-third of enterprises use AI directly in production, logistics and financial processes (31%), indicating considerable scope for its further practical application.

Almost every second enterprise uses customer relationship management systems (CRM) to organize sales and customer engagement (48%). CRM systems are most widely used in the services sector (54%). Digital business analytics tools are used by only one in seven enterprises (14%). Nearly half of private enterprises do not use such systems, while more than a quarter are unaware of these digital solutions.

Social media has become a standard channel for promotion and customer engagement for more than four out of five enterprises (80.9%). More than half of enterprises have established online sales (58.8%), although the share of enterprises selling more than half of their products online remains relatively small (9%). Digital payment systems are used by one in four enterprises (25%).

The sectoral breakdown reveals differences in how digital tools are used. In services, CRM systems are the most widely used (54%), while this sector also records the highest adoption rates for artificial intelligence (68%), online sales (67%), and social media (87%).

In industry, CRM systems (49%) and artificial intelligence (60%) are widely used, alongside online sales (61%) and social media (81%).

In trade, digital payment systems are relatively more widespread (31%). More than half of enterprises also use artificial intelligence (55%) and online sales (54%), while over three-quarters use social media (77%).

In construction, social media is the most widely used digital tool (80%). More than half of enterprises use artificial intelligence (55%) and online sales (51%), while 43% use CRM systems.

In agriculture, digital payment systems are relatively widespread (30%). At the same time, 43% of enterprises use artificial intelligence, 49% have established online sales, and 66% use social media.

Findings show that further opportunities to improve enterprise efficiency are associated with the broader adoption of modern technologies and management solutions, the modernization and automation of production, development of digital sales channels and improvements in energy efficiency.

The stronger performance of enterprises that use these tools comprehensively demonstrates the importance of their consistent adoption for productivity growth and greater investment activity.

Technological modernization represents a separate area of opportunity for enterprises. The survey results indicate a relationship between the introduction of new products and technologies, increased demand and investment activity.

At the same time, 51% of enterprises still have scope for further technological modernization through upgrades and the introduction of new products, services and innovations.

The further spread of digital solutions also depends on the conditions for their implementation. According to entrepreneurs, digitalization could be supported by improved internet infrastructure (13%), greater availability of qualified specialists (10%) and lower financial costs associated with technology adoption (9%).

The need for skilled personnel is also confirmed by the broader findings of the study, with enterprises reporting shortages of specialists with various qualifications, including IT professionals and engineering and technical personnel.

Overall, the survey results show that further improvements in business efficiency require a transition from the use of individual digital tools to their direct integration into production and management.

CERR’s findings are consistent with the results of World Bank research. Enterprise-level data show that the most significant productivity gains occur when companies move beyond basic access to digital technologies and adopt more advanced solutions, including cloud services, management systems, analytics, and artificial intelligence. Digital payments and online sales alone have a limited impact unless accompanied by changes in internal business processes.

Realizing the considerable untapped potential for technological modernization depends primarily on developing managerial and digital competencies, training qualified personnel, and shifting from supporting access to technologies toward their practical adoption by enterprises.

This approach is also consistent with contemporary research on economic growth, which links long-term productivity gains to the diffusion of new knowledge and its practical application (2025 Nobel Prize in Economic Sciences; Joel Mokyr, Philippe Aghion and Peter Howitt).

Accordingly, further business support measures should focus on expanding the practical adoption of technologies in enterprises’ production and management processes.

Dunyo IA

For centuries, life in Central Asia has been inseparable from water. Across the Amu Darya and Syr Darya basins, settlements, agriculture and trade developed around rivers, canals and irrigation systems. Water has therefore never been merely a natural resource for the region; it has been one of the foundations of its economic life, social stability and shared history.

Today, the water challenge is more pressing than ever. Climate change, population and economic growth, shrinking glaciers, droughts and increasingly frequent extreme weather events are placing mounting pressure on water resources. One conclusion is clear: no single country can ensure water security in Central Asia on its own. The only sustainable path lies in cooperation, mutual trust, accurate measurement and shared responsibility.

One River Basin, Shared Interests

Central Asia’s major rivers originate in some countries and flow through others. The Syr Darya is of vital importance to Kyrgyzstan, Tajikistan, Uzbekistan and Kazakhstan, while the Amu Darya is equally significant for Tajikistan, Afghanistan, Uzbekistan and Turkmenistan.

This geographical reality makes it essential to avoid framing the interests of upstream and downstream countries as inherently opposed. For one state, water may be a key source of hydropower; for another, it is indispensable for irrigated agriculture. At the same time, preserving river ecosystems, improving the environmental situation in the Aral Sea region and ensuring access to safe drinking water are common priorities for all countries.

Around 90 per cent of water in Central Asia is used in agriculture. Water management therefore cannot be shaped solely around the interests of one sector or one country. What is needed is a regional approach that recognises the close interdependence of water, energy, food security and the environment.

Open Dialogue, Practical Results

In recent years, dialogue among the countries of Central Asia has become more open and constructive. This has had a direct impact on cooperation in the water sector. Whereas discussions once focused primarily on seasonal water allocation, the agenda today is considerably broader, encompassing water-energy cooperation, joint management of shared facilities, digitalisation, improved water accounting, scientific collaboration and professional training.

At the Seventh Consultative Meeting of the Heads of State of Central Asia, held in Tashkent in November 2025, the President of Uzbekistan drew attention to growing water scarcity and proposed declaring 2026–2036 the “Decade of Practical Action for the Rational Use of Water in Central Asia”. The establishment of a Regional Competence Centre for Water Management at the Tashkent Institute of Irrigation and Agricultural Mechanization Engineers National Research University was also proposed.

At the summit of the International Fund for Saving the Aral Sea in April 2026, the President of Uzbekistan outlined priority tasks for the country’s chairmanship of the Fund in 2027–2029. These include improving the Fund’s organisational and legal mechanisms, increasing the effectiveness of programmes in the Aral Sea basin, attracting international financing, promoting a culture of responsible water use and strengthening professional capacity in the sector.

Agreements as the Practical Basis of Cooperation

Regional dialogue produces lasting results only when it is backed by concrete agreements and practical cooperation.

On 15 November 2025, Uzbekistan and Kazakhstan signed an Agreement on the Joint Management and Rational Use of Transboundary Water Bodies. The agreement is designed to establish systematic cooperation between the two countries in the water sector, improve coordination among responsible agencies and ensure more effective use of shared water resources and infrastructure.

With the Kyrgyz Republic, issues related to water use, the operation of hydraulic structures and the distribution of water during the irrigation season are regularly addressed through joint mechanisms. On 15 May 2026, the eighth meeting of the Uzbek-Kyrgyz Joint Commission on Water Management was held in Namangan. In June, Uzbekistan, Kazakhstan and Kyrgyzstan also agreed on water release volumes and electricity supplies for the 2026 irrigation season.

Within the framework of the joint Working Group with Tajikistan, the parties regularly discuss transboundary water-management projects, exchange experience in managing water resources and address other practical matters.

Uzbekistan, Tajikistan and Kazakhstan also cooperate in coordinating the summer operating regime of the Bahri Tojik Reservoir. This issue is agreed annually at working-level meetings involving representatives of the three countries and is formalised through the relevant protocols.

A joint intergovernmental commission on water issues operates between Uzbekistan and Turkmenistan. Cooperation covers water-saving technologies, the reconstruction of collector-drainage networks, scientific exchange and professional training in irrigation. In 2025, for example, the second stage of the reconstruction of the Ozyorny and Daryolik main collectors in Turkmenistan was completed.

These examples demonstrate an important shift: water cooperation in Central Asia is moving beyond general declarations towards concrete mechanisms — commissions, agreements, technical projects and water-energy exchanges.

Accurate Data as a Foundation of Trust

In water relations, trust is built not only through political declarations but also through accurate and transparent data.

How much water is flowing in a river? What volumes are stored in reservoirs? How much water has been released, how much has reached users and how much has been lost along the way? These questions must be answered on the basis of reliable information that all parties can trust.

This is why it is increasingly important to automate transboundary hydrological gauging stations, enable remote data transmission, introduce digital water accounting and harmonise information-exchange systems among countries.

In July 2026, the World Bank approved the Regional Cooperation Project to Improve the Efficiency of Water Resources Use in Central Asian Countries (CAWEC), aimed at strengthening transboundary water cooperation in the region.

The project envisages a US$20 million grant to the Executive Committee of the International Fund for Saving the Aral Sea. The funds are intended to support the digitalisation of water accounting in the Amu Darya and Syr Darya basins, modernise information systems and strengthen the professional capacity of specialists.

By 2031, the project is also expected to support the preparation of mutually beneficial transboundary investment projects involving at least two Central Asian countries, including preliminary feasibility studies, design and cost documentation, and environmental and social assessments.

It is expected that around 40 million people will benefit directly or indirectly from the project’s results.

Water Conservation in Uzbekistan Also Serves Regional Interests

The rational use of transboundary water resources begins with the responsibility of each country to use water efficiently within its own territory.

In 2017, water-saving technologies were applied on 28,000 hectares in Uzbekistan. By the end of 2025, this figure had reached 2.6 million hectares — nearly 60 per cent of the country’s irrigated land. Since the beginning of 2026, water-saving technologies have been introduced on a further 640,000 hectares.

Around 174,000 kilometres of irrigation networks are used to supply water to 4.3 million hectares of irrigated land in Uzbekistan. Public funding for modernising this extensive system, reducing water losses in canals and improving efficiency has increased steadily. In 2017, 842 billion soums were allocated to irrigation and land-reclamation works; in 2020, the figure rose to 1.7 trillion soums, and in 2025 to 3 trillion soums.

In 2026, 4.1 trillion soums were allocated from the state budget for irrigation and land-reclamation facilities — 4.9 times the 2017 level.

By the end of 2026, Uzbekistan plans to save 11 billion cubic metres of water through the wider use of water-saving technologies, laser land levelling, the repair and concrete lining of irrigation networks, digitalisation, optimisation of crop patterns and improved agricultural practices. Under the state programme for 2025–2028, this figure is expected to rise to 12 billion cubic metres in 2027 and 13 billion cubic metres in 2028.

These figures matter not only for Uzbekistan, but for the region as a whole. Every cubic metre of water saved in one country reduces pressure on the shared river basin. Water conservation is therefore not merely a national objective; it is also a practical expression of good-neighbourly responsibility.

Five Pillars for the Future

Five areas are particularly important if Central Asia is to take water cooperation to a new level.

First, interstate cooperation mechanisms need to be adapted to contemporary realities. Clear legal arrangements are required for water allocation, the use of shared infrastructure and the exchange of information.

Second, water accounting should be further digitalised, with timely exchange of data on water availability and flows. Reliable information is the foundation of reliable cooperation.

Third, the region needs more joint investment projects to modernise ageing canals, hydraulic structures, pumping stations and water-metering facilities. The uninterrupted operation of a single facility in one country may directly serve the interests of several neighbouring states.

Fourth, water and energy issues should be addressed in an integrated manner. Better coordination of reservoir operating regimes, electricity supplies and seasonal water needs can significantly improve the efficiency of resource use.

Fifth, greater attention must be paid to science, human capital and a culture of responsible water use. Modern technologies alone are not enough. They require skilled specialists, farmers who have a clear incentive to conserve water, and a society that understands the true value of this resource.

Water conservation is not the responsibility of water professionals alone. It is also a matter of economic thinking, environmental responsibility and everyday culture.

Water as a Shared Responsibility for a Common Future

The history of Central Asia shows that water has not only sustained communities; it has also connected them. Villages, cities, markets and cultural ties developed along rivers, canals and irrigation channels. Preserving that unifying role of water is just as important today.

In the twenty-first century, effective water management is determined not only by how much water is available. It also depends on the quality of cooperation between countries, the efficiency with which water is used, and the accuracy with which it is measured and accounted for.

The challenges ahead are substantial. Demand for water is rising, the climate is changing and economies are expanding. Yet Central Asia has also developed a stronger culture of cooperation. Regular dialogue among heads of state, bilateral and multilateral agreements, modern technologies and support from international partners are creating practical opportunities to address shared challenges together.

Joint efforts to conserve water contribute to peace and stability. Rational use of this vital resource is an investment in economic development. Above all, it is an investment in a more prosperous, resilient and sustainable future for the entire region.

Shavkat KHAMRAEV,

Minister of Water Resources of the Republic of Uzbekistan,
Honored Irrigator of Uzbekistan

At the invitation of President of the French Republic Emmanuel Macron, President of the Republic of Uzbekistan Shavkat Mirziyoyev will pay a state visit to this country on March 11-13.

The agenda of the visit to Paris envisages talks and events at the highest level, as well as a number of meetings with official and business circles of France.

The agenda of the upcoming contacts includes issues of further development and strengthening of Uzbek-French multifaceted relations.

Priority attention will be given to expanding mutually beneficial cooperation in trade-economic and investment-financial spheres, promoting cooperation projects with leading companies and enterprises of France.

It is planned to adopt a package of intergovernmental and interdepartmental agreements as a result of the summit.

In addition, the Head of our state will meet with UNESCO Director-General Audrey Azoulay to discuss practical aspects of preparing and holding the 43rd session of the Organization's General Conference in Samarkand this autumn.

It is worth noting the intense program of events on the eve of the forthcoming visit.

Uzbekistan has been undergoing a transformational journey since it changed political leadership in 2016. The nation is implementing extensive reforms aimed at spanning anti-corruption measures, business climate enhancements, judicial reforms, improving labour conditions, administrative efficiency, protection of human rights, and good governance.

Central to these reforms is a comprehensive anti-corruption agenda bolstered by strong laws and strategic plans. Reforms have targeted diverse sectors, with a focus on improving public administration, ensuring quality public services and information access, and overhauling the judiciary. Over the recent years Uzbekistan has made significant efforts to help its people feel confident that leaders in the national public and private sectors operate in a transparent and ethical way.

As we know, international standards in this area focus on the following elements, which are intended to increase effectiveness of prevention and combating corruption:

• Imposing additional restrictions for civil servants;
• Increasing transparency in the private sector, e.g. identifying beneficial owners;
• Strengthening the role of financial intelligence units in combating corruption;
• Strengthening corporate and individual liability for corruption offences;
• Supporting collective action initiatives.

In line with the abovementioned standards, since the adoption of the law on anti-corruption in 2017, Uzbekistan has doubled its efforts to prevent corruption in the public sector and has widened international cooperation to achieve this end. Since coming to power in 2016, President Shavkat Mirziyoyev has taken steps to liberalise the Uzbek economy and denounce corruption.

President Shavkat Mirziyoyev has begun liberalising the economy, which has started to attract significant investments from China and the EU and contributed to Uzbekistan’s strong economic growth. In particular, Presidential Decree of 2017 took steps to tackle the shadow economy by permitting the free purchase and sale of currency and the use of international mechanisms to set currency conversion rates. This decree eradicated the decades old “black market” where the difference between actual and official conversion rates was around 50%.

In 2020, President Shavkat Mirziyoyev established a new Anti-Corruption Agency via President Decree No.6013 and launched a mandatory online public procurement platform. The Anti-Corruption Agency is tasked with studying researching corruption, engaging with civil society, and enhancing transparency.

The number of arrests and prosecutions of public officials for corruption has increased. According to Prosecutor General’s Office, for example in 2022, there were a total of 3,116 convictions of public officials, of which 110 officials were from the national agencies, 264 from provincial agencies and 2,742 from city and district state bodies. The majority of these cases related to embezzlement (2,103), abuse of position (265), fraud (243) and bribery (169).

The fight against corruption has become a priority area of state policy in Uzbekistan. This can be seen in the conceptual regulatory acts adopted in recent years in this area, on the example of administrative reforms aimed at preventing corruption. The country has established an effective mechanism of countering corruption, including efficient normative-legal base and institutional foundations. More than 70 regulatory acts aimed at combating corruption in all sectors of state and public construction have served as a solid basis for the implementation of these reforms.

The Law on Combating Corruption, adopted in 2017 soon after Mirziyoyev came to power, is the main legal basis for countering corruption in Uzbekistan. The law requires state employees to inform their supervisors about corruption offences they may be directly or indirectly involved in and is meant to ensure protection for whistleblowers. Further, the law grants media outlets the right to request information on corruption offences from state agencies. It also envisages the mandatory examination of regulations being drafted by ministries and other state agencies to ensure they do not create new opportunities for corruption.

Information on state procurement is posted on the website www.d.xarid.uz. The open data portal (data.gov.uz), the registered database of legal entities and commercial entities (my.gov.uz) and other platforms play an important role today in ensuring the principles of openness and transparency and public control, which are the most effective tools for combating and preventing corruption. Licensing and permitting procedures have also been radically improved to completely improve the business and investment climate, remove unnecessary bureaucratic barriers and outdated regulations.

According to the National Database of Legislation of the Republic of Uzbekistan, other important legislative acts in the area of anti-corruption include:

• the Constitution (last amended in May 2023)
• the Criminal Code
• the Law on public civil service
• the Law on public procurement
• the Law on public-private partnerships
• the Law on distributing legal aid information and ensuring access to it
• the Law on the openness of state authorities and administration
• the Law on e-government
• the Law on public control
• the Law on countering legalisation of income derived from criminal activities, financing of terrorism and financing the proliferation of weapons of mass destruction (last amended in January 2019), which provides a legal framework for anti-money laundering.

The Civil Service Law, which entered into force in 2022, forbids civil servants from accepting gifts, from engaging in business activities and from opening foreign bank accounts or purchasing real estate abroad. It also introduces a system of mandatory declaration of civil servants' assets and income.

Under Article 7 of the 2017 Law on Combating Corruption, state agencies responsible for implementing the law on combating corruption include the Anti-Corruption Agency (ACA) established in 2020, General Prosecutor’s Office, the State Security Service, the Ministry of Internal Affairs, the Ministry of Justice, and the Department on Fighting Economic Crime under the General Prosecutor’s Office.

There is also a National Council on Combating Corruption and its territorial bodies that aim to coordinate the efforts of all the relevant institutions and develop state anti-corruption programmes. The ACA serves as the working body of the Council, which is headed by the Chair of the Senate. The ACA has a preventive mandate authorising it to request state agencies to provide documentation on their expenditure of public funds, sales of state assets and public procurement as well as on their investment projects and implementation of state programmes. It can also consider appeals of citizens and legal entities on corruption issues and conduct administrative investigations into corruption offences, the results of which should then be shared with law enforcement bodies.

Uzbekistan is a signatory to the United Nations Convention against Corruption (UNCAC) as well as to the Istanbul Anti-Corruption Action Plan, which is the main subregional initiative in the framework of the OECD Anti-Corruption Network for Eastern Europe and Central Asia (ACN). Uzbekistan has recently become a member of the Global Operational Network of Anti-Corruption Law Enforcement Authorities.

It should be emphasised that each regulatory legal act in Uzbekistan is being developed based on the principle – “legislation free from corruption”, systemic preventive measures in the practice of combating corruption are being strengthened, and the public oversight is supported by establishing interaction mechanisms with civil society institutions.

The mentioned and other measures have contributed to improving the fight against corruption in the country. This has also been evidenced in better positions of the country in international rankings. According to international governance indices, Uzbekistan has been improving its efforts to curb corruption. In recent years the country improved its ranking Transparency International’s Corruption Perceptions Index (CPI) by 42 positions. In 2023 alone the country improved its ranking there by 5 positions.

To sum up, we can conclude that Uzbekistan’s path towards creating effective financial, legal and institutional mechanisms of countering corruption has given its results. Although, it should also me noted that fighting against corruption is not merely a task for several years. It is an ongoing process and the government of Uzbekistan remains committed to take new steps for ensuring the success of its anti-corruption reforms in line with the international standards in this field.

Nilufar Doniyorkhodjaeva

Head of Department

Development Strategy Center

Tashkent, Uzbekistan

The development of trade and economic cooperation between Uzbekistan and Belarus, expansion of bilateral trade, enhancement of export potential, and strengthening of investment ties remain among the key priorities of economic relations between the two countries. Consistent efforts undertaken in this direction are contributing to the diversification of export markets, improvement of logistics chains, and expansion of cooperation between the business communities of both nations.

Against this backdrop, the Belagro–2026 International Agricultural Exhibition and Fair, one of the largest international events in the agricultural sector, was held in Minsk, Republic of Belarus, from 1 to 6 June 2026. An official delegation of the Republic of Uzbekistan participated in the exhibition, holding a series of meetings and negotiations focused on expanding trade and economic cooperation, increasing exports, strengthening investment partnerships, and implementing joint projects in the agricultural sector.

Within the framework of the exhibition, the National Pavilion of Uzbekistan, organized by UZAGROSTAR HOLDING, showcased a wide range of agricultural and food products produced in Uzbekistan. The pavilion was visited by Rahmatulla Nazarov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the Republic of Belarus; Yuriy Shuleyko, Deputy Prime Minister of the Republic of Belarus and other officials. During the visit, the parties discussed the quality and export potential of Uzbek agricultural products, as well as their prospects in the Belarusian market.

The exhibition also served as a platform for meetings with leading Belarusian retail chains, importing companies, and wholesale market operators. Discussions focused on establishing systematic supplies of Uzbek agricultural products to Belarus, expanding the range of exported goods, increasing bilateral trade volumes, and strengthening direct cooperation between Uzbek exporters and Belarusian importers.

In particular, meetings with the management of the Noviy Lebyajiy wholesale market in the Minsk district explored opportunities for exporting fresh fruits, vegetables, and processed agricultural products under long-term contracts, establishing sustainable B2B partnerships, and creating dedicated trading areas for Uzbek producers.

Special attention was also devoted to cooperation in the livestock sector. Following negotiations with the Belarusian organization Belplemjivobyedineniye, a cooperation agreement was signed to supply high-yield pedigree cattle to entrepreneurs in the Samarkand region of Uzbekistan. The agreement represents a practical continuation of ongoing efforts aimed at improving breeding programs and increasing livestock productivity.

Furthermore, the delegation visited the Ozerco-Logistik trade and logistics center in the Minsk district to study Belarus's experience in developing logistics and customs infrastructure. The visit provided valuable insights into international cargo storage and redistribution, digital logistics systems, and customs clearance procedures, creating new opportunities for exchanging best practices in export logistics.

In the area of investment cooperation, a meeting with the leadership of the Mogilev Regional Executive Committee resulted in the signing of a Memorandum of Understanding between MARAQAND MEAT LLC of Uzbekistan and the Mogilev Regional Executive Committee on establishing a modern livestock production complex in Belarus. The memorandum establishes a legal framework for expanding bilateral investment cooperation and implementing joint projects in the agro-industrial sector.

The Uzbek delegation also visited advanced agricultural enterprises in the Vitebsk region, where they exchanged experience on the development of intensive livestock farming, efficient farm management, strengthening the feed base, introducing digital agricultural technologies, and implementing joint investment projects.

As a result of the visit, the parties reached a number of agreements aimed at expanding exports of Uzbek agricultural products to the Belarusian market, strengthening cooperation between exporters and importers, improving logistics routes, establishing imports of pedigree cattle, and implementing joint investment projects.

From 3 to 6 May 2026, Samarkand will host the 59th Annual Meeting of the Asian Development Bank (ADB). The event is expected to bring together heads of banking and financial institutions from 69 member countries, as well as representatives of international organizations. Discussions will focus on the key development challenges facing the countries of Asia and possible ways to address them.

The holding of such a high-level forum in Uzbekistan reflects the growing recognition of the country’s ongoing economic reforms and the strengthening of its position within the global financial system. A significant factor has also been the notable expansion of cooperation between Uzbekistan and the ADB in recent years, as evidenced by a number of objective international assessments of the country’s socio-economic development.

First, there has been a steady rise in Uzbekistan’s international standing and stronger performance in global rankings. In particular, in the Government Technology Maturity Index published by the World Bank, the country advanced by 71 positions, entering the world’s top ten.

Second, despite continuing disruptions in global production and transport-logistics chains, rising commodity prices, and tighter financial conditions, Uzbekistan continues to demonstrate устойчивый economic growth. In 2025, for the first time in the country’s history, gross domestic product exceeded USD 145 billion, while gold and foreign exchange reserves surpassed USD 60 billion.

At the same time, the volume of attracted foreign investment increased significantly, reaching USD 43.1 billion, while the share of investment in GDP exceeded 31 percent. Moreover, despite growing protectionism and sanctions pressure in the global trading system, the republic increased exports by 23 percent, bringing them to USD 33.4 billion.

Third, cooperation between Uzbekistan and the ADB is comprehensive and long-term in nature. The total portfolio of joint initiatives amounts to 174 projects worth USD 27.5 billion, of which 66 projects worth USD 10.5 billion have already been completed, while another 30 projects valued at USD 4.6 billion are currently under implementation. These figures confirm the ADB’s status as one of Uzbekistan’s leading development partners.

Building on accumulated experience, the ADB launched a new five-year partnership strategy with Uzbekistan in August 2024 for the period 2024–2028. Its key priorities include supporting the republic’s transition toward a green and inclusive economy, enhancing private sector competitiveness, and stimulating investment in human capital.

In addition, Uzbekistan and the ADB approved a Memorandum of Understanding for 2026–2028, which envisages the implementation of 28 projects with a total value of USD 4.2 billion.

The fact that the meeting is being held in Uzbekistan positions the country as a regional hub for dialogue on development and investment, demonstrates the progress of reforms, and contributes to attracting global partners to accelerate the country’s sustainable development. According to experts, the meeting will serve as an important platform for strengthening cooperation and concluding priority agreements between the Government of Uzbekistan and the ADB.

Furthermore, in order to consolidate long-term priorities, President of Uzbekistan Shavkat Mirziyoyev put forward an initiative to mark the Samarkand summit with the signing of an important document — the Expanded Strategic Partnership Programme with the ADB for 2027–2030. It will serve as a medium-term roadmap, with primary emphasis placed on human capital and social resilience.

Thus, cooperation between Uzbekistan and the ADB has evolved from financial assistance into a strategic partnership. Today, the Bank finances key projects, shapes the reform agenda, and supports the long-term transformation of the national economy, effectively acting as an institutional partner.

Such cooperation opens a number of significant advantages for Uzbekistan:

Economic – access to concessional loans and grants, reduced budgetary burden in implementing large-scale programmes, improvement of the investment climate and inflow of long-term foreign investment, infrastructure development, and employment growth;

Structural – acceleration of market reforms, liberalization and diversification of the economy, and private sector development;

Strategic – integration into the global economy, transition to a green growth model, and participation in regional value chains and transport-logistics corridors.

As can be seen, the modern ADB agenda largely coincides with Uzbekistan’s current reform trajectory. According to experts, the republic has synchronized its national strategy with the Bank’s priorities and, as a result, can attract even greater volumes of financing to accelerate structural reforms and strengthen economic resilience.

Overall, the key features of the modern model of cooperation between Uzbekistan and the ADB are: comprehensiveness (covering all major sectors), strategic orientation (alignment with the long-term goals of “Uzbekistan–2030”), institutional depth (reforms, regulation, standards), and sustainability (environmental protection and inclusiveness).

Thus, today the ADB is not merely a creditor, but a key strategic partner participating in structural reforms, economic modernization, and Uzbekistan’s integration into global economic processes.

Dmitriy Trostyanskiy

Chief Research Fellow,

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan,

Doctor of Economic Sciences