At the invitation of the President of the United States, Donald Trump, the President of Uzbekistan, Shavkat Mirziyoyev, will pay a working visit to Washington, D.C. on February 17–19 of this year to participate in the inaugural meeting of the Peace Council. The Center for Economic Research and Reforms (CERR) has prepared an infographic presenting key indicators of trade, economic and investment cooperation between Uzbekistan and the United States over the past 9 years.

History of visits

The President of the Republic of Uzbekistan has visited the United States several times on working visits aimed at expanding bilateral Uzbek-American cooperation, as well as participating in events organized by the United Nations. The first official visit of the Head of our State to the United States took place on May 15–17, 2018 at the invitation of the U.S. President. During the visit, negotiations were held at the White House, the U.S. Congress and the Pentagon, and agreements were signed that marked the beginning of a new stage in the development of Uzbek-American relations.

In subsequent years, dialogue between the two countries developed through bilateral meetings and regional initiatives, including the C5+1 platform.

On September 20–24, 2025, a historic visit of the President of our country to New York took place to participate in events of the юбилейной 80th session of the UN General Assembly. The central event of the visit was the meeting between the Head of our State and U.S. President Donald Trump. The leaders of the two countries agreed to further strengthen Uzbek-American strategic partnership relations and expand practical cooperation.

During his stay in the US, the President of Uzbekistan also held a roundtable with representatives of the U.S. business community, as well as negotiations with executives of a number of leading multinational companies, corporations, investment funds and financial institutions, and took part in a ceremony for the exchange of signed bilateral trade contracts and investment agreements, including in the fields of critical minerals, civil aviation, chemical industry, energy and other priority sectors.

In order to create favorable conditions for the further development of bilateral interstate relations in trade, economic and tourism spheres, by Presidential Decree dated November 3, 2025, a visa-free regime for U.S. citizens entering Uzbekistan was introduced effective January 1, 2026.

Mutual trade indicators

The two countries operate under a Most Favored Nation trade regime.

Over the period 2017–2025, trade turnover between Uzbekistan and the United States increased 4.7-fold, from $215 mln to $1 bn. Exports grew 9.1-fold, from $32.1 mln to $291.7 mln, while imports increased 3.9-fold, from $182.9 mln to $712.3 mln.

The share of the United States in Uzbekistan’s foreign trade over this period rose as follows: in total trade turnover from 0.8% to 1.2%, in exports from 0.3% to 0.9%, and in imports from 1.3% to 1.5%.

In the structure of exports to the United States, the main share is accounted for by services — 81% (programming, financial, information and transport services), as well as petroleum products — 8.6% (aviation kerosene and others). These are followed by machinery and equipment — 3.7%; food products — 3.5% (dried fruits and vegetables, spices, rice and others); industrial goods — 3.3% (aluminum bars and profiles, rhenium metal and others); miscellaneous manufactured articles — 0.9%; chemicals — 0.4%; beverages and tobacco — 0.2%; and non-food raw materials — 0.1%.

In imports from the United States, machinery and equipment dominate — 59% (aircraft, automobiles and their parts, computer units, engines, pumps, machine tools and industrial installations). A significant share is also accounted for by services — 20.5% (financial, licensing, leasing and transport services). These are followed by chemicals — 9.7% (pharmaceuticals, binding agents and cosmetic substances); industrial goods — 3.8% (plastic and ferrous metal products and others); food products — 3.2% (poultry meat and by-products); miscellaneous manufactured articles — 2.2% (devices, instruments, paper products); non-food raw materials — 1.1% (cellulose and others); as well as beverages and tobacco — 0.5%.

Investment cooperation

As of February 1, 2026, there are 346 enterprises with U.S. capital operating in Uzbekistan, which accounts for about 2% of the total number of enterprises with foreign investment. Of these, 146 are joint ventures and 200 are foreign companies with U.S. capital participation.

The volume of foreign direct investment and loans from the United States over the past nine years has increased nearly 64-fold — from $8.6 mln in 2017 to $383.2 mln in 2025.

Overall, in 2017–2025 the cumulative volume of attracted U.S. FDI and loans into Uzbekistan’s economy exceeded $2.9 bn.

Investments were directed primarily into manufacturing industries (metallurgy, production of motor vehicles, beverages and textile products), mining industry, construction, services (real estate operations, education), as well as agriculture.

CERR Public relations and media sector

An expert from the Institute for Strategic and Regional Studies under the President of Uzbekistan, commented to Dunyo IA on the outcomes of President Shavkat Mirziyoyev’s working visit to the United States, which took place from February 17 to 19:

- The visit of the President of Uzbekistan to the United States, which took place as part of his participation in the first meeting of the Board of Peace, was not just another diplomatic event, but a logical continuation of the strategy of pragmatic and mutually beneficial dialogue with Washington built over recent years. It demonstrated a shift from symbolic political interaction to systemic coordination in security, economics, trade, and humanitarian exchanges.

This visit marked the culmination of an intensive partnership over the past six months. Meetings on the sidelines of the UN General Assembly, the C5+1 summit, participation in events in Davos, and the signing of the Charter of the Board of Peace, as well as personal contacts between the two leaders, have fostered a stable dynamic of political dialogue. This fifth summit in six months demonstrates that relations have entered a phase of regular strategic communication, with each meeting reinforced by concrete agreements.

The visit’s busy business program confirmed its practical nature. During his stay in the United States, the head of state held talks with representatives of the American administration, financial institutions, and business circles, including the Export-Import Bank of the United States, the International Development Finance Corporation, the American-Uzbekistan Chamber of Commerce, as well as the heads of major companies such as Traxys, Valmont Industries, Gulf Oil, Aviagen, John Deere, BlackRock Financial Markets Advisory, Oppenheimer, and others. Following the signing of bilateral documents, the parties solidified agreements in priority areas such as the agro-industrial complex, critical minerals, financial market development, improving the investment climate, and the creation of an investment platform.

Discussions with the US Trade Representative and the Secretary of Commerce deserve special attention. During these talks, the need to intensify work within the framework of the Trade and Investment Framework Agreement between the countries of Central Asia and the United States was emphasized. This gave cooperation not only a bilateral but also a regional dimension, strengthening Uzbekistan’s position as a coordinator of economic processes in the region.

Viewed historically, the current stage’s foundation was laid back in 2018 during Shavkat Mirziyoyev’s first official visit to Washington, when agreements worth over $4.8 billion were signed. This package signaled Uzbekistan’s systemic openness to international businesses. In 2021, the Strategic Partnership Dialogue was established, and its subsequent expansion testifies to the institutionalization of bilateral relations. The invitation of the Uzbek leader to the G20 summit in Miami, personally initiated by US President Donald Trump, further confirmed the country’s strengthening international status and recognition of its growing role on the global agenda.

The economic dimension of cooperation is demonstrating steady growth. While trade turnover stood at $408 million in 2018, it consistently exceeded $1 billion by the end of 2024-2025. The current three-year Economic Cooperation Program, worth $35 billion, reflects the long-term nature of the parties' intentions. At the same time, the structure of interaction is undergoing a qualitative change: the emphasis is shifting from trade operations to the implementation of investment and production projects.

Today, flagship American companies such as Air Products, General Electric, General Motors, Boeing, Honeywell, and John Deere are actively operating in Uzbekistan. The $8.7 billion package of agreements signed at the C5+1 summit, including a contract for 22 Boeing aircraft, investments in the critical minerals sector, and projects in the agro-industrial sector, confirms the practical focus of the dialogue.

The transformation of the export structure is particularly revealing: services now account for approximately 86% of Uzbek exports to the US, with the IT sector remaining the key driver. Of the 800 active digital services exporters, 448 target the US market, accounting for 45% of all industry exports. This demonstrates that the partnership is gradually becoming more high-tech, moving beyond traditional commodity-based models.

The humanitarian dimension of cooperation is no less important. Academic exchange is expanding, the number of joint research projects is growing, and the integration of Uzbek specialists into international educational networks is strengthening. Currently, 40 Uzbek universities are implementing partnership programs with more than 25 US universities. Webster University’s Tashkent branch and the American University of Technology, established jointly with Arizona State University, are successfully operating. Thus, a long-term intellectual infrastructure for strategic partnership is being formed.

Overall, the current stage of relations between Uzbekistan and the United States is characterized by a transition from symbolic declarations to systemic coordination on issues of regional security, sustainable development, investment policy, and technological modernization. These achievements confirm that Uzbekistan is steadily establishing itself as a key US partner in Central Asia.

Dunyo IA

Relations between Uzbekistan and Azerbaijan have in recent years become one of the most dynamic links between Central Asia and the South Caucasus. They are underpinned by sustained dialogue between the two countries’ leaders, political trust, cultural and historical affinity, and growing mutual interest in trade, investment, transport, industry, energy, and the development of transport routes. Consequently, bilateral cooperation is increasingly moving beyond traditional partnership and evolving into comprehensive economic cooperation.

Regular high-level contacts provide the strategic framework for this work. In recent years, the two countries’ leaders have exchanged state and working visits, giving the relationship sustained political momentum. The Joint Commission on Bilateral Cooperation remains the principal mechanism for intergovernmental coordination. Fourteen meetings have already been held, while the forthcoming meeting in Tashkent is expected to give fresh impetus to trade, investment, and economic cooperation.

Direct interregional ties remain an important element of this architecture. The intergovernmental agreement on interregional cooperation, regional forums held in Tashkent, Quba, and Baku, as well as agreements signed between cities of the two countries, demonstrate that the partnership is gradually moving from government-level decisions towards practical cooperation between regions. The forthcoming Forum of Regions could provide a platform for concrete agreements in trade, industry, tourism, and urban infrastructure.

Trade statistics confirm the growing economic interest. By the end of 2025, bilateral trade had reached USD 307.3 million. The positive trend strengthened in January–May 2026, with trade turnover increasing by 38.2%. The next target is to raise bilateral trade to USD 1 billion by 2030.

To consolidate this trend, it is important to move beyond growth in individual product categories towards a more sustainable supply model. This involves expanding the range of traded goods, developing promotion and distribution channels, opening a trade mission of Uzbekistan in Baku, and making use of new logistics opportunities. Within this framework, the southern route is of particular importance: promoting Azerbaijani products through trade platforms in Termez could facilitate access to neighbouring markets and give bilateral trade a broader regional dimension.

The investment component is supported by the growing presence of Azerbaijani businesses in Uzbekistan. As of July 2026, 442 enterprises with Azerbaijani capital were operating in the country. Their activities cover trade, mechanical engineering, metalworking, finance, insurance, real estate, energy, services, food production, and light industry. This indicates a transition from one-off trade transactions to more sustainable forms of business engagement.

The Azerbaijan–Uzbekistan Investment Company provides the financial foundation for some of these initiatives. Its current portfolio comprises nine projects with a total value of USD 651 million, with the company’s financing amounting to USD 170.9 million. Funding has already been allocated to four projects, while five more have received approval. The importance of this instrument lies not only in the volume of available resources but also in its ability to translate political agreements into practical solutions in trade, education, healthcare, industry, logistics, and the financial sector.

On this basis, industrial cooperation is acquiring tangible substance. The automotive industry is one of the key areas: the production of Chevrolet vehicles and Isuzu commercial vehicles is being developed in Azerbaijan with the participation of Uzbek enterprises, while the expansion of the production facility in Hajiqabul is expected to ensure a deeper manufacturing cycle, including welding and painting. This format is important because it involves not merely the supply of finished products but also the development of assembly and component supply chains and technological exchange.

Sectoral opportunities are not limited to the automotive industry. In the mining sector, the parties are developing cooperation in the geological exploration and development of precious and critical metal deposits in Uzbekistan. This strengthens the industrial dimension of the bilateral agenda and creates a foundation for more technologically advanced cooperation in the field of mineral resources.

Alongside the mining industry, oil and gas and chemical cooperation hold considerable potential. SOCAR’s participation creates opportunities for joint work in geological exploration, energy supplies, processing, and the development of related services. In a broader context, this makes it possible to view cooperation not only through the lens of the raw materials sector but also as a foundation for industrial and technological linkages with significant practical value.

Transport and logistics occupy a special place in bilateral cooperation. The production and use of ferries for Uzbekistan’s needs, with access to routes through the ports of Kuryk and Alat, are currently under consideration. For Uzbekistan, this represents an additional opportunity to strengthen access to Trans-Caspian transport links, while for Azerbaijan it offers a means of expanding the role of its ports and logistics infrastructure in the movement of goods between Central Asia, the Caucasus, and external markets.

Urban development, tourism, and municipal infrastructure are also of particular importance. Major projects involving Azerbaijani investors are being implemented in Tashkent, including hotel, tourism, and residential complexes. Within the bilateral agenda, these investments are significant not only as capital invested in real estate but also as a contribution to the quality of the urban environment and the development of tourism and the service economy.

Light industry remains another closely related area of cooperation. Cotton and textile clusters involving Uzbek companies are being developed in Azerbaijan, allowing the parties to combine the raw-material base, manufacturing expertise, and access to new markets. In the longer term, such cooperation could increase exports of finished textile products and reduce dependence on trade in raw materials.

The sectoral framework is complemented by cooperation in finance, construction materials, electrical engineering, food production, agriculture, pharmaceuticals, and jewellery. Projects in these areas are at different stages of development, but collectively they broaden the foundation of bilateral cooperation.

The strength of the current Uzbek-Azerbaijani model lies in its combination of political trust and practical instruments: investment capital, production chains, interregional ties, and Trans-Caspian logistics. In this context, transport routes are becoming more than merely a logistics issue; they are evolving into part of a broader economic architecture connecting markets, enterprises, and regions. Cooperation between the two countries is therefore increasingly viewed as one of the sustainable bridges linking Central Asia, the Caucasus, and external markets.

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

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.

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

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

Political Foundations as a Driver of Economic Convergence

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

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

Trade: Scale, Structure and Institutional Incentives

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

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

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

Investment Cooperation: From Presence to Systemic Engagement

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

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

Industrial Cooperation: Transition to Joint Manufacturing

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

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

Interregional Cooperation: Localized Economic Engagement

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

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

Transport and Logistics as Pillars of Trade and Investment

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

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

Prospective Areas of Cooperation: Converging Interests

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

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

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

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

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

Mashrab Mamirov,

Given the recent geopolitical instability observed around the world, one of the top priorities for every sovereign state is to ensure the security and continuity of its foreign trade routes.

For Uzbekistan, located at the geopolitical center of Central Asia, it is strategically important to maintain the continuous and stable operation of transport and logistics corridors with European countries, which account for a significant share of its foreign trade. It should be noted that in 2025, the volume of Uzbekistan’s international freight traffic with European countries amounted to 1.5 million tons, which is 29% more than in 2024.

Today, the Middle Corridor serves as a safe and reliable transport corridor for export shipments to Europe or import shipments from Europe via land transport. Azerbaijan is one of the most important hubs of the Middle Corridor. In January–March 2026, the volume of international freight traffic between Uzbekistan and Azerbaijan amounted to 28,300 tons, which is 2.9 times more than during the same period in 2025.

Overall, over the past five years, the volume of Uzbek cargo transported via the Middle Corridor has doubled, reaching 1.2 million tons by the end of 2025. While in 2021 the share of cargo transported via this corridor with EU countries was 12%, by the end of 2025 this figure had reached 28%.

Due to its geographical location, Azerbaijan serves as a natural bridge connecting Central Asia to the Caucasus region and Turkey via the Caspian Sea. It will enable the reception of export cargo from the East (China, Central Asia, including Uzbekistan) and its direct shipment to European markets via the ports of Poti and Batumi in Georgia and Mersin and Ambarli in Turkey.

Today, bilateral and multilateral cooperation in the transport and logistics sector has been established between Uzbekistan and Azerbaijan. This cooperation makes a significant contribution not only to the development of bilateral relations but also to the development of the Middle Corridor, connecting the Central Asian region with Europe.

Recent reports by prestigious international financial institutions, such as the World Bank and the European Bank for Reconstruction and Development, dedicated to studying the potential of the “Middle Corridor,” have analyzed a number of obstacles that reduce the corridor’s effectiveness. In particular, international experts note that one of the main challenges to the corridor’s development is the disparity in digitalization levels among transit countries, the lack of a unified platform for information exchange, and the persistence of paper-based bureaucratic processes at border and customs checkpoints.

It is precisely to address these systemic challenges in practice and increase the capacity of the “Middle Corridor” between Uzbekistan and Azerbaijan that active and exemplary digital integration processes have been established. In particular, the “E-TIR” system has been successfully implemented, streamlining customs procedures between the two countries and reducing the human factor. Additionally, in the field of international road transport, efforts are actively underway to fully transition to the paperless “E-PERMIT” system.

Furthermore, Uzbekistan and Azerbaijan are implementing the necessary measures to develop freight transport within the “Asia-Pacific Region – China – Kyrgyzstan – Uzbekistan – Turkmenistan – Azerbaijan – Turkey – Europe” (CASCA+) framework for multimodal transport along the Middle Corridor. In 2025, 6,722 TEU container shipments were carried out on this international route, which is 47% more than in 2024. Preferential rates have also been established for this route for 2026, and a further increase in transport volumes is expected.

It should be noted that the railway administrations of Uzbekistan and Azerbaijan are the initiators and active participants in the implementation of a set of measures aimed at developing the “Middle Corridor” transport and logistics network. In particular, to further expand the potential of this corridor, a multilateral meeting was held in 2024 between the railway authorities of Kyrgyzstan, Uzbekistan, Turkmenistan, Azerbaijan, Georgia, Turkey, and Tajikistan. Following these negotiations, an institutional platform—the “Eurasian Transport Route” Association—was established to accelerate freight transportation processes and create a mechanism for the prompt removal of logistical barriers arising within the system.

In conclusion, it should be noted that the strategic partnership between Uzbekistan and Azerbaijan in the transport and logistics sector contributes not only to the stabilization of the two countries’ foreign trade turnover but also to the integration of the entire Central Asian region into the international supply chain. The implementation of digital solutions that eliminate bureaucratic barriers, the diversification of multimodal routes, and the strengthening of institutional mechanisms will further enhance the international transit appeal of the “Middle Corridor.” This, in turn, will increase the resilience of Uzbekistan’s economy to external shocks amid global geopolitical changes and serve as a solid guarantee for the safe and uninterrupted conduct of international transport operations.

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

The Economic Agenda of New Uzbekistan Takes on a Regional Dimension

The strategic significance of the Turkic world is growing amid profound shifts in global logistics. The member states of the Organization of Turkic States (OTS) are forming one of Eurasia’s largest overland economic spaces, linking Central Asia, the Caucasus, Turkiye, and European markets.

The OTS region is home to more than 170 million people and possesses substantial economic potential. In 2025, the combined nominal GDP of OTS member states reached approximately $2.3 trillion, equivalent to around 2% of the global economy. In purchasing power parity terms, GDP exceeded $6.2 trillion, accounting for 3.4% of world GDP. The aggregate foreign trade turnover of OTS countries surpassed $1.2 trillion.

Proven natural gas reserves across OTS member states amount to approximately 19.9 trillion cubic meters, while proven oil reserves total 38.2 billion barrels, making the region one of Eurasia’s prominent energy centers.

The Turkic world is characterized by a high degree of economic complementarity. Turkiye and Hungary possess advanced industrial and engineering capabilities, while Kazakhstan, Azerbaijan, and Turkmenistan hold substantial energy resources. Uzbekistan and Kyrgyzstan are strengthening their positions in manufacturing and agro-industrial production.

Against this backdrop, Uzbekistan is emerging as one of the most dynamic economies in the region. Over the past five years, the country has risen by 28 positions in Harvard Growth Lab’s Atlas of Economic Complexity, reaching 70th place among 145 economies. Average annual export growth stood at 13.4%, while non-energy exports expanded by an average of 17% per year, outpacing both regional and global trends.

In this context, the OTS is acquiring increasing practical economic relevance, with trade, transport, industrial cooperation, investment, and digitalization forming the foundation of a new model of regional connectivity.

Trade and Industrial Cooperation

Today, Uzbekistan’s cooperation within the OTS spans more than 35 areas. At the same time, the economic dimension of this engagement continues to deepen. Over the past nine years, Uzbekistan’s trade turnover with OTS countries increased 2.7-fold, from $4 billion in 2017 to $10.8 billion in 2025. Exports rose from $1.2 billion to $3.8 billion, while imports expanded from $1.8 billion to $7 billion.

Kazakhstan and Turkiye remain Uzbekistan’s largest trading partners within the OTS. Kazakhstan accounts for 46% of total trade, or approximately $5 billion, while Turkiye’s share stands at 28%, or around $3 billion. Trade with Turkmenistan and Kyrgyzstan also reached significant levels, totaling about $1.2 billion with each country.

The structure of trade is evolving. In Uzbekistan’s exports to OTS countries, manufactured goods account for 28.2%, machinery and transport equipment for 19%, food products for 11.1%, chemical products for 10%, and services for 12.7%. This reflects a gradual transition toward a more sophisticated trade model, with growing exports of finished goods, services, and products created through industrial cooperation.

Imports from OTS countries are closely linked to the needs of Uzbekistan’s modernizing economy. Key import categories include food products, mineral fuels, manufactured goods, machinery, and equipment, indicating the expansion of production linkages across the region.

According to estimates by the Center for Economic Research and Reforms (CERR), Uzbekistan has the potential to increase its exports to OTS countries by an additional $2.7 billion. The largest unrealized export opportunity is in Turkiye, where additional export potential is estimated at $1.8 billion.

This export potential is based on Uzbekistan’s competitive advantages across a number of product categories, particularly agricultural products such as dried fruits, vegetables, and nuts. The combined agricultural market of OTS countries is estimated at approximately $72 billion, where Uzbek producers already hold solid positions.

Further export growth could be driven by increased shipments of textiles, electrical equipment, construction materials, food products, fertilizers, copper, ethylene polymers, and other higher value-added goods.

Investment and the Institutional Framework for Cooperation

Trade integration within the OTS is being accompanied by deeper investment and industrial cooperation. Between 2017 and 2025, total investments from OTS countries into Uzbekistan exceeded $11.5 billion, including $3.8 billion attracted in 2025 alone.

These investments have been directed primarily to manufacturing, energy, agriculture, construction, and logistics. As of April 2026, more than 4,500 enterprises with capital from OTS countries were operating in Uzbekistan. These include joint manufacturing ventures, logistics projects, and industrial partnerships serving both regional and external markets.

Turkiye remains the most active investor. In 2025, Turkish investments totaled $2.4 billion, while the number of enterprises with Turkish capital in Uzbekistan reached 2,140. Turkish businesses are playing a major role in industrial production, construction, textiles, and transport and logistics infrastructure.

Kazakhstan, as Uzbekistan’s largest trading partner among OTS countries, is also one of its most important investment partners. More than 1,200 enterprises with Kazakh capital are currently operating in the country.

The signing of the Treaty on Allied Relations between Uzbekistan and Azerbaijan in 2024 has provided a major impetus to bilateral cooperation. As a result, 367 enterprises with Azerbaijani capital are now active in Uzbekistan.

The Comprehensive Strategic Partnership with Kyrgyzstan has contributed to an increase in the number of joint ventures to 346.

Although the number of enterprises with Hungarian capital remains relatively modest, the projects being implemented are notable for their scale and technological sophistication. These include poultry clusters in the Syrdarya Region valued at $165 million and wastewater treatment facilities in New Tashkent worth $59 million.

An additional mechanism supporting joint projects is the Turkic Investment Fund. In 2025, its authorized capital was increased from $500 million to $600 million, with Uzbekistan contributing $100 million. Going forward, the Fund could become an important instrument for financing infrastructure, industrial, logistics, and digital projects across the OTS region.

For Uzbekistan, investment cooperation within the OTS facilitates capital inflows, export-oriented production, technology localization, broader industrial cooperation, and deeper integration into regional value chains.

Transport Integration

For a landlocked country such as Uzbekistan, transport connectivity is a critical prerequisite for expanding foreign trade and integrating into global production networks. Accordingly, transport has become one of the central pillars of economic cooperation within the OTS.

Growing trade among member states has been accompanied by a significant expansion in freight flows. Kazakhstan remains Uzbekistan’s most important transport partner, serving as the main land bridge to Russia, the Caucasus, and Europe. In 2025, freight volumes between the two countries exceeded 22.3 million tons, including 19.6 million tons transported by rail.

The Kyrgyz route is also demonstrating strong momentum. In 2025, cargo volumes between Uzbekistan and Kyrgyzstan increased by 22.4% to nearly 5.4 million tons, while export shipments by all modes of transport more than doubled.

Transport cooperation with Azerbaijan and Turkiye is also expanding steadily. In 2025, freight volumes between Uzbekistan and Azerbaijan increased by 28.3%. Regular air service between Tashkent and Baku currently operates 14 times per week. Air links with Turkiye are similarly intensive, with 97 scheduled flights per week on eight routes, including services to Istanbul and Ankara.

Turkmenistan remains another important element of the regional transport system. A practical step toward facilitating border trade was the launch of the joint trade zone “Shavat–Dashoguz.” In 2025, freight volumes between the two countries rose by 22.5% to approximately 1.8 million tons.

As trade within the OTS expands, the development of resilient multimodal connectivity is becoming increasingly important. This requires an integrated system of corridors linking rail, road, air, and maritime infrastructure.

In this context, the Trans-Caspian International Transport Route, widely known as the Middle Corridor, has gained particular significance. For Uzbekistan, this route is important not only as a transit corridor, but also as a strategic channel for expanding exports to Azerbaijan, Turkiye, Europe, and the Middle East.

The relevance of alternative Eurasian transport routes is increasing amid ongoing changes in global logistics. The restructuring of supply chains due to geopolitical instability has already raised transport costs for Central Asian countries by as much as 30% and extended delivery times by several weeks.

Against this backdrop, the China–Kyrgyzstan–Uzbekistan Railway is becoming strategically important as a new East-West transport link. Once operational, the railway is expected to reduce delivery times to 10 days and enable the transportation of up to 15 million tons of cargo annually.

In the longer term, integration of this route with the Middle Corridor and the Trans-Afghan corridor could reshape the transport geography of Eurasia. In such a system, Uzbekistan would be positioned not only as a transit country, but also as a full participant in regional value chains, supported by its own cargo base, logistics centers, transport companies, and industrial facilities.

At the same time, further progress in transport integration will require coordinated policies within the OTS. Key priorities include tariff harmonization, infrastructure development, capacity expansion, digital customs procedures, and the alignment of technical standards. These areas are gradually shaping the organization’s practical transport agenda.

The Digital Agenda as Trade Infrastructure

The theme of the current OTS Summit in Turkistan, focused on artificial intelligence and digital development, is directly linked to the broader economic agenda. In modern trade, competitiveness depends not only on product quality and proximity to markets, but increasingly on the speed of customs clearance, supply chain transparency, digital interoperability, and access to information.

For OTS member states, digital integration could become one of the most practical and impactful areas of cooperation. Harmonizing e-commerce standards, mutually recognizing digital documents, integrating customs information systems, and creating digital business registries could significantly reduce transaction costs and facilitate market access.

This is particularly important for small and medium-sized enterprises. Many firms face fewer tariff barriers than informational constraints related to partners, certification requirements, logistics, and payment mechanisms. A unified digital platform for businesses across OTS countries could serve as a practical tool for expanding trade, especially within border regions and regional supply chains.

Over recent years, Uzbekistan has accumulated substantial experience in the digitalization of public services and the business environment. This experience could prove highly valuable within the organization, particularly in areas such as e-government services, digital platforms, customs administration, and entrepreneurship support.

Conclusion

The OTS is gradually evolving toward a more practical model of economic cooperation. For Uzbekistan, this process coincides with the current stage of economic reforms aimed at expanding export capacity, developing industry, and strengthening connectivity with external markets.

As economic interaction within the OTS deepens, Uzbekistan’s role in shaping regional trade, transport, and production linkages continues to grow. In recent years, cooperation within the organization has already acquired a stable economic dimension encompassing trade, investment, industrial cooperation, transport infrastructure, and logistics.

In this context, the agenda of the informal OTS Summit in Turkistan places particular emphasis on the development and application of artificial intelligence and digital technologies. This reflects the growing interest among member states in modern forms of economic interaction, especially the digitalization of trade and logistics, the expansion of electronic services, the integration of infrastructure solutions, and the reduction of transaction costs across the region.

Against this backdrop, Uzbekistan’s participation in the informal OTS Summit is increasingly acquiring a practical economic focus. The expansion of trade, development of multimodal transport corridors, deepening industrial cooperation, growth in investment ties, and enhanced digital connectivity are creating a strong foundation for further integration into Eurasia’s regional production and logistics networks.

Ziyoda Rizaeva
Head of Public Relations and Media Sector
Center for Economic Research and Reforms

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

In today's New Uzbekistan, a lot of attention is paid to the development of reading culture and book publishing. As the head of our state says, “There will be no break in education,” in every meeting with representatives of the intellectuals, culture, literature and art, in every historical speech that sounded like an appeal to our people, he paid             special attention to the issue of studying and gaining knowledge about the fundamentals world civilization, the achievements of modern world science. He never gets tired of emphasizing the words "knowledge, knowledge, knowledge" over and over again.

President Shavkat Mirziyoyev: "Each country in the world, each nation is powerful primarily with its intellectual potential and high spirituality. It is not for nothing that he said that the source of such mighty power is the great discovery of human thinking - books and readers.

Decree of the President of Uzbekistan dated January 12, 2017 "On the establishment of a commission on the development of the system of printing and distribution of book products, the promotion of book reading and reading culture", The decision of September 13, 2017 "On the program of comprehensive measures to develop the system of publication and distribution of book products, increase and promote book reading and reading culture" together with the decision “On additional measures for the further development of the publishing and printing industry”, It is well known that great work has been done on the decisions "On further improvement of information-library services to the residents of the Republic of Uzbekistan".

On December 14, 2020, the decision of the Cabinet of Ministers of the Republic of Uzbekistan "On approval of the national program for the development and support of reading culture in 2020-2025" was adopted.

The processes of implementation of this National Program are showing positive results.

The fourth initiative put forward by our President - to raise the spirituality of young people, to widely promote reading among them - serious practical work is being carried out in our country. Young people, especially teenagers and children, are widely participating in reading contests. 

Members of the Writers' Union of Uzbekistan actively participate in events dedicated to book reading and development of reading.The Children's and Adolescent Creative Council operates under the association, master classes are regularly held by well-known poets and writers in all schools, higher and secondary educational institutions of our country.

By the Administration of the Republic of Uzbekistan in April-May of this year in order to attract students and pupils of all higher educational institutions and general education schools in our country to reading books, to raise the level of artistic literacy and educate them in the spirit of patriotism and concern for the future of our country as part of the “Sharing Enlightenment” project, 156 famous artists held meetings with writers and educational events in 202 higher educational institutions and 606 secondary schools, under their auspices. At these events, 150 works of art were recommended for reading, films and performances were shown.

During 2020-2023, the Writers' Union of Uzbekistan published 403 books in the fields of prose, poetry, playwriting, children's literature, literary studies, and artistic translation. Over the past years, our poets, writers and translators prepared 100-volume "Masterpieces of Russian Literature" and 100-volume "Masterpieces of Turkish Literature" for publication. This great project was supported by the Head of State, published and distributed to the regions.

At this point, it should be noted that the 16-volume set of books entitled "Masterpieces of Karakalpak Literature" was prepared for publication and submitted to the press by the Writers' Union of Uzbekistan.

Within the framework of the "Book campaign" project, in the first quarter of 2023, 4,679 books were sent to higher education institutions, general education schools, 14,800 books to the provinces, 50 books to the penal colony, 950 to the Ministry of Internal Affairs and Spirituality, Information and Library Centers, 500 to the State Security Service, 7,267 to event participants, book authors, 461 to newspapers and creative houses, 300 to Uzbekistan-Kyrgyz Friendship Society, 350 to neighborhoods, 134 to the Office of Muslims, More than 30 thousand 791 books were distributed indiscriminately to Uzbekistan "Veteran" Association of combatants-veterans and disabled people, 500 books to Halq Bank, and 600 books to children's camp. To date, more than 1 million books have been distributed in four years.

At the moment, the 100-volume set of books "Masterpieces of World Children's Literature" is being prepared for publication by the Writers' Union of Uzbekistan.

In 2020-2023, the first books of 87 young authors were published in tens of thousands of copies each in the "My first book" project by the Writers' Union of Uzbekistan, and presentation events were held. The books were freely distributed to higher education institutions, general education schools, and military units.

All these are aimed primarily at the development of reading among young people, children and adolescents. Publication of books and promotion of book reading will be continued consistently.

Today, one of the priority areas of state policy in Uzbekistan is focused on expanding forested areas, increasing green coverage, mitigating the negative impacts of climate change, and ensuring environmental sustainability. In order to achieve effective results in these areas, studying advanced foreign experience and adapting it to the country’s climatic conditions is of particular importance. In this context, the participation of a delegation of representatives of the Forestry Agency under the National Committee on Ecology and Climate Change of Uzbekistan in a training and practical seminar organized during their visit to the Republic of Turkey in October 2025 was of significant importance.

The seminar, organized in cooperation between the Forestry Agency and the Ministry of Agriculture and Forestry of the Republic of Turkey, enabled participants to familiarize themselves with Turkey’s experience in forest establishment, restoration, ecological classification, and sustainable forest management. In particular, on the first day of the seminar, Turkish specialist Ahmed Yalvach delivered a detailed presentation on modern approaches applied in the development of forestry.

Within the framework of the practical visit, Turkey’s advanced experience in establishing and managing nurseries, creating forests using the “terrace” method in mountainous areas, developing “green belts” around cities, and establishing green public parks in urban and district areas was studied.

In addition, members of the delegation closely examined the activities of nurseries operated by the Seydikemer and Gökova Forestry Departments located in Muğla Province. Notably, the Seydikemer nursery, established in 1983, covers an area of 144 hectares and has an annual production capacity of 1.5 million seedlings. The Gökova nursery, occupying more than 61 hectares, stands out with its capacity to produce up to 7 million seedlings per year.

It was emphasized that special attention to seed collection, storage, and laboratory analysis in these nurseries allows the production rate of high-quality seedlings and saplings to reach 90–95 percent. Participants studied the practical experience of Turkish specialists in establishing mother plantations, caring for seedlings and saplings, and grafting techniques.

The delegation members were also introduced to the use of greenhouses, in vitro laboratories, modern equipment, and mechanisms for managing seasonal work processes. The experience-sharing activities were conducted in an atmosphere of open dialogue and professional cooperation.

In conclusion, cooperation between Uzbekistan and Turkey in the forestry sector has acquired a practical dimension, contributing to the adoption of advanced practices, enhancement of specialists’ capacity, and the formation of a sustainable ecological environment in Uzbekistan. The knowledge and skills gained within the framework of this cooperation will play an important role in further improving the national forestry system.