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

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

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

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

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

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

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

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

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

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

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

Sultonmurod Ozodov, CERR

It is not an exaggeration to say that in the historical conditions where humanity is going through a difficult period, where contradictions and conflicts are intensifying and seriously undermining stability, in the multi-ethnic New Uzbekistan, human dignity and the interests of the people are recognized as the highest values, and in this regard, it is becoming an example and model for many countries of the world.

Because sustainable development can be achieved first of all by valuing and honoring people, creating conditions for the population to live well today, and realizing the high trust and responsibility of the population for the future.

Abdulla Awlani, the famous modern enlightener, defined man in such a way: “...the purpose of the creation of the universe is man. Man is the glory and honor of all existence. All creation must serve man: man is its master. Because man has a mind. He acquires knowledge with the help of this mind, and rules the world thanks to his knowledge”.

Therefore, measures aimed at the development of citizen's activity and participation in state management are being systematically implemented in Uzbekistan today, with comprehensive support for human rights and interests.

In recent years, the reforms implemented in Uzbekistan and the active participation and involvement of citizens in the state administration have been observed, which is especially important in the adoption of documents that will be the criteria for the future fate of our country.

In particular, in 2023, the "people's constitution" adopted for the first time in the history of Uzbekistan on the basis of the will of the people is a program for creating the foundation of the country's future destiny and happy future. More than 220,000 proposals have been received from different layers of the population, and this is also an example of the people's interest in state management and fate.

For this reason, first of all, the proposals received from the population, as well as the experiences and norms of constitution – making of 190 countries were thoroughly studied, and the articles of the updated constitution increased from 128 to 155, and the number of norms increased from 275 to 434.

In a situation where modern threats and problems are becoming increasingly rooted, the issues of ensuring a stable economy, effective governance, a safe state and social guarantees in Uzbekistan in the future have been deeply analyzed, 65% of the basic law has been updated based on people's proposals, and new norms based on national and universal values ​​and modern opportunities have been introduced.

In the words of the President of Uzbekistan, "Our Basic Law, which is literally a public dictionary, serves as a strong legal guarantee that our large-scale reforms aimed at establishing New Uzbekistan will not go back."

Another proof of the active participation of citizens in the sphere of public administration in Uzbekistan is the launch of the portal for the discussion of projects of regulatory legal documents (https://regulation.gov.uz/) to receive proposals from citizens for drafts of state programs, laws and legal documents. During the year, 77,731 proposals were received from the population for 25,283 draft documents.

Another important point is that in recent years, the share of women in state management in Uzbekistan has increased from 27% to 35%. In particular, 32% of the deputies of the Legislative Chamber of the country's parliament (Supreme Assembly) and 25% of the members of the Senate are women. The number of businesswomen doubled, and the number of women who started their own business exceeded 205,000.

It is of particular importance that Uzbekistan is listed among the 5 fastest developing countries in the world in the field of gender equality in the World Bank index, and is among the top 20 countries in the open gender data index.

First of all, the conceptual basis of the reforms was created in Uzbekistan, and a number of strategic decisions were made for its systematic operation.

In order to further increase the effectiveness of the ongoing reforms, create conditions for comprehensive and rapid development of the state and society, implement priority directions for modernization of our country and liberalization of all spheres of life, the Strategy of Actions on five priority directions for the development of the Republic of Uzbekistan in 2017-2021 is consistently implemented increased.

Strategy 5 – Improvement of the system of state and community building, ensuring the rule of law and further reforming the judicial system, developing and liberalizing the economy, developing the social sphere and ensuring security, inter-ethnic harmony and religious tolerance, as well as a well-thought-out, mutually beneficial and practical foreign policy reforms worthy of universal recognition took place in the field of priority directions.

The economic growth in the country alone was ensured to grow by 4.4% in 2017, 5.4% in 2018, and 5.7% in 2019.

On September 11, 2023, the "Uzbekistan-2030" strategy was adopted based on the experience gained during the implementation of the development strategy of New Uzbekistan and the discussions of the general public, and the strategic tasks that we must achieve in the next 7 years were defined. The importance of this strategy, consisting of 100 points, is that in this document, specific goals and targets are set, which are expected to be achieved in all areas, and the reforms continue consistently.

The important thing is that this document sets the future priority goals, in particular, to use all the possibilities to increase the size of the country's gross domestic product from the current 80 billion dollars to 160 billion dollars, thereby doubling the size of the economy by 2030 and "countries with an income above the average". Bold steps are being taken to enter the ranks.
          In Uzbekistan, great attention is being paid to this area, which is directly related to the quality of life. In the last 7 years, the amount of funds allocated to the healthcare system has increased from 5.9 trillion soums to 33.5 trillion soums, that is, it has increased 6 times. Hospitals are equipped with modern equipment and new ones are being built.

In Uzbekistan, systematic measures are being taken to provide social support to the population, to identify the root causes of the problems of each of its strata, and to provide targeted assistance, especially to reduce poverty.

"Temir daftar" (Iron book), "Ayollar daftari" (Women`s book), "Yoshlar Daftar" (Youth book), "Mahallababay" (Neighbourhood) and "Khonadonbay" (House work) work methods are being introduced for this purpose. On this basis, not abstract indicators of the problem, but the problems of every family and citizen, women, and youth who need help and support are clearly studied on the spot, and they are solved in a timely and effective manner.

Today, the noble traditions of supporting the elderly, disabled people, people in a difficult situation, and showing them love and kindness are being enriched and improved with new meaning and practical actions. In this regard, programs such as "Prosperous village", "Prosperous neighborhood", "Five important initiatives", "Every family is an entrepreneur", and "Youth are our future" are giving positive results.

At this point, it should be noted that since 2017 Virtual and Public receptions of the President of the Republic of Uzbekistan have been established. In 2017-2021, the President's virtual lobby and People's lobby received 5 million. More than 780,000 appeals were considered, of which 3 mln. More than 288 thousand were satisfied. As a result of complete, timely and legal investigation of appeals, the level of their satisfaction is also increasing year by year. In particular, this indicator was 47.5 percent in 2017, 53.9 percent in 2018, 60.9 percent in 2019, 60.4 percent in 2020, and 86.7 percent in 2021.

Another consideration is that in recent years, the intensity and scope of the globalization process has increased in the intellectual world in the complex conditions where the struggle for the hearts and minds of the young generation is intensifying, the role and importance of education in the spirit of patriotism is increasing more and more, and the need to educate our youth as true patriots is growing stronger than ever. In the world, the number and scale of ideological struggles and conflicts are increasing, and new threats are emerging that cannot be predicted in advance.

In such a situation, education of young people in the spirit of loyalty to the Motherland, national identity and values, and concern for national interests is gaining urgent importance.

When one of the scholars said that "the happiness of every nation, the peace and happiness of the states depends on the good education of the youth", there are many real truths.

Based on the opinion of the head of Uzbekistan in his speech at the extended session of the Council of Spirituality and Enlightenment of the Republic that "it is natural that the legacy of our enlightened ancestors serves as a foundation for the legal democratic state and civil society that we are building today", it is clear as day that the development of national spirituality should be one step ahead.

In this regard, specific measures have been defined in 9 directions in the country, in particular, spirituality should be ten steps ahead of other fields, popularization of the heritage of the ancients, addition of an additional "Spiritual sector" to 4 sectors, enrichment of the activities and contents of theaters, cultural centers, priority issues such as the development of Uzbek cultural diplomacy, film, visual and applied arts in the international arena are among these.

The concept of the President of Uzbekistan, "If the economy is the body of society's life, then its soul is spirituality" has already become a vital principle for all of us. Strong spirituality based on the rich heritage of our ancestors and national values ​​serves as a strong pillar for the country that decided to build the new Uzbekistan.

In recent years, "Man-Society-State" has become an irrevocable strategic principle in Uzbekistan, fundamental reforms have been carried out to pay attention to people and protect their rights and interests.

         It is necessary to recognize one fact: reforms in accordance with international standards are being implemented in all areas related to people and their activities. At the same time, the critical analysis of our activities by the head of the country, using the existing freedom of speech, encourages us to constantly examine ourselves and improve our measures regularly in order to reach new goals in the future.

For example, more than 2,200,000 families are in need of social assistance, among them there are many young people. In this regard, specific measures have been determined this year, and in the updated Constitution, the state's social obligations have been tripled, and an additional 30-40 trillion soums will be allocated annually from the state budget.

The principle of "man-society-state" is of particular importance for the future development of our country, and constitutional guarantees have been strengthened in this regard.

The international community of Uzbekistan is paying special attention to strengthening friendly relations with neighboring countries on the basis of cooperation, mutual support, peace and harmony, and the legal basis for further deepening of the reforms implemented in foreign policy in recent years is also being strengthened.

For example, due to the resolution of the 30-year-old border problem with neighboring Kyrgyzstan, more than 2 million inhabitants of the valley were able to move freely with their relatives and friends.

The directions of strengthening peace and stability of Uzbekistan in our region, expanding the potential of our country in the international arena and developing comprehensive and mutually beneficial relations with foreign countries are confirmed in the "Concept of Foreign Political Activities" approved by law.

Today, Uzbekistan has established diplomatic relations with 131 countries of the world, we have 37 embassies in 38 countries, consulates in 17 cities, permanent representative offices in the UN and other international organizations.

In a word, as the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, said, "From now on, we will focus on strengthening multifaceted and mutually beneficial cooperation with all the neighboring countries in Central Asia and the countries and international organizations that are our strategic partners in the world."

Ensuring decent life of citizens in Uzbekistan, inter-ethnic and inter-confessional harmony, well-being and prosperity of our multi-ethnic country of Uzbekistan is also one of the most important directions.

In order to support our compatriots in many countries of the world and further strengthen our relations with them, the "Compatriots" fund was established.

Our work aimed at strengthening the environment of inter-ethnic harmony and tolerance in our society is reaching a new level in terms of quality. July 30, which is widely celebrated as the International Friendship Day, has been announced as the "International Friendship Day" in Uzbekistan. This year, this holiday was widely celebrated for the first time in our country. It can also be considered as a common phenomenon where internal and external political factors converge.

It will be necessary to mobilize all our strength and capabilities to further strengthen the atmosphere of inter-civilian harmony, inter-ethnic friendship and tolerance.

The future strategic tasks in the foreign policy have already been defined, which will serve as a consistent continuation of the actions in the field of foreign policy and economic diplomacy.

In this regard, first of all, it is necessary to further strengthen close friendship, good neighborliness and strategic partnership relations with the countries of the region, to expand mutually beneficial and multilateral relations with the countries of the far and near countries of the world, especially to continue providing assistance to the Afghan people to restore a peaceful and peaceful life in neighboring Afghanistan. It is appropriate to carry out priority tasks such as the implementation of large transport and communication projects together with the country at a qualitative level. In this regard, it is time to raise multilateral relations with international regional organizations and financial institutions to a new level.

In a word, the so-called New Uzbekistan is boldly marching towards sustainable development with systematic reforms, hard work and the will of the creative people. Systematic reforms implemented today in our country, which realizes its high responsibility to present and future generations to build a humane democratic state, an open and fair society, where human life, freedom, honor and dignity are considered the highest value, are a thing of the ages.

Khudoyberdi Khaknazarov

Doctor of History

In recent years, cooperation between Uzbekistan and the Czech Republic in the fields of higher education, science, and innovation has been enriched with new content and has been steadily developing. Previously formed mainly within the framework of individual projects, grant programs, and short-term initiatives, this relationship has now reached a new stage — a well-thought-out, systematic, and long-term strategic partnership.

Today, this cooperation is being shaped based on clear goals and priority areas. Links between universities are strengthening, transforming not only into platforms for knowledge exchange but also into a shared intellectual space where scientific ideas, innovative solutions, and future technologies are created. In this process, the educational systems of both countries complement each other, reaching a new level of quality through the synergy of experience and opportunities. For Uzbekistan, this creates opportunities to engage more closely with European educational traditions and scientific schools, while for the Czech Republic, cooperation with the dynamically developing educational and innovation environment of Central Asia opens new horizons.

During the period from 2020 to 2026, educational ties between Uzbekistan and the Czech Republic have undergone significant transformation both in content and scale. Academic bridges connecting the two countries have strengthened, enabling the free movement of knowledge, experience, and scientific perspectives. One of the most notable indicators of this cooperation has been the steady increase in the number of Uzbek students studying in Czech higher education institutions.

If in 2020 this number was around 350, by 2024 it had exceeded 600, and today it is approaching 650–700, maintaining a steady growth trend. Behind these figures lie the aspirations of hundreds of young people striving for knowledge and seeking to find their place in the international arena.

This process also reflects the growing trust in the Czech education system. For students from Uzbekistan, the Czech Republic is becoming not only a source of quality education but also an important academic environment that fosters innovative thinking, independent research, and the development of modern professional skills.

Particular importance within this cooperation is given to strategic fields such as engineering, information technology, economics, and agriculture. Specialists trained in these areas will play a key role in further strengthening scientific and economic ties between the two countries and in implementing innovative ideas in practice.

In recent years, the foundation of cooperation between higher education institutions has become more stable and reliable. Partnerships between leading universities of Uzbekistan and reputable Czech universities are adding depth and quality to this process.

As a result, student and faculty exchanges have reached a new level, creating broad opportunities for the free exchange of scientific and educational ideas. Joint research, double degree programs, and scientific projects contribute to knowledge exchange and the development of new academic schools.

Currently, joint educational programs between higher education institutions of Uzbekistan and the Czech Republic represent one of the most effective and modern forms of cooperation. Models such as 2+2, 3+1, 1+1, and 1.5+0.5 allow students to experience the academic environments of both countries, adopt different educational traditions, and gain international experience.

These programs not only provide knowledge but also broaden perspectives, develop independent thinking, and prepare specialists who meet the demands of the global labor market. The opportunity to obtain a double degree opens new horizons for young people and enhances their international competitiveness.

Most importantly, this process deepens integration in the field of education and contributes to improving the national system of training specialists based on international standards. It is expected that students participating in these programs will become highly qualified professionals and serve as intellectual bridges connecting different cultures and academic traditions.

Today, cooperation between Uzbekistan and the Czech Republic goes beyond education alone — it is also expanding in the fields of science and innovation. The growing collaboration between researchers and scientists of the two countries is broadening the geography of research and integrating it into global scientific processes.

Joint projects implemented within international programs such as Erasmus+ and Horizon Europe play a key role in this process. These platforms facilitate the exchange of scientific ideas, the development of innovative solutions, and the implementation of modern technologies.

Special attention is given to priority areas aligned with contemporary global challenges. Research in “green” technologies and sustainable development contributes to environmental protection and the rational use of natural resources. Joint studies on water resources and ecology are aimed at finding scientifically grounded solutions to regional environmental issues.

At the same time, cooperation in digital technologies and artificial intelligence is becoming one of the main drivers of the modern economy, creating opportunities for the development of innovative products and services. Research in agricultural innovation plays an important role in increasing efficiency in agriculture, ensuring food security, and introducing advanced technologies.

Importantly, this cooperation is not limited to theoretical research but is focused on practical outcomes. Scientific achievements are being integrated into the real economy and aligned with societal needs, contributing to innovative development.

In the near future, several important initiatives are planned to further deepen cooperation between Uzbekistan and the Czech Republic. In particular, the first Uzbekistan–Czech Rectors’ Forum, scheduled to be held in the Czech Republic in 2026, will serve as an important platform for systematizing university cooperation, defining priorities, and launching new joint projects.

In addition, plans include expanding academic mobility, increasing exchanges of students and faculty, and developing programs such as Double Degree and PhD cotutelle, which will further integrate the educational systems and strengthen scientific collaboration.

Furthermore, special attention is being paid to supporting joint startups and innovative projects, as well as fostering cooperation between technoparks and university incubators. This will strengthen the link between science and business and accelerate the implementation of scientific ideas in practice.

Overall, cooperation between Uzbekistan and the Czech Republic in higher education has reached a qualitatively new level in recent years. It encompasses not only student exchanges and joint programs but also scientific, innovative, and institutional integration. In the future, this partnership will serve as an important factor in training highly qualified specialists, enhancing scientific potential, and strengthening both countries’ positions in the global educational landscape.

Farhod AHROROV, Head of Department,

Ministry of Higher Education, Science and Innovation

President of Uzbekistan Shavkat Mirziyoyev has arrived in Washington on a working visit to participate in the “C5+1” summit of the leaders of Central Asian countries and the United States and to hold meetings with U.S. President Donald Trump, members of the Senate and the House of Representatives, as well as heads of U.S. government departments and agencies.

The C5+1 format, launched in November 2015 in Samarkand, has become an important mechanism for coordination and cooperation in areas such as regional development, economic resilience, environmental protection, energy, and security. Its primary goal is to establish a permanent platform for diplomatic dialogue, exchange views on pressing issues, and strengthen connectivity in the fields of transport, energy, trade, business, and humanitarian engagement. The Joint Declaration on Partnership and Cooperation, adopted at the first meeting, reaffirmed the United States’ commitment to supporting the sovereignty, independence, and territorial integrity of the Central Asian countries.

The first C5+1 leaders’ summit, held in New York in September 2023, gave a strong impetus to advancing the comprehensive agenda of the platform and marked the launch of new initiatives, including the B5+1 Private Sector Business Platform (Almaty, March 2024) and the Critical Minerals Dialogue (February 2024). Since its inception, the format has held 13 ministerial meetings and three high-level gatherings, as well as specialized forums on climate change, development, Afghanistan, and other priority areas.

Uzbekistan has taken an active and constructive role within the C5+1, consistently advocating for the institutionalization of cooperation, enhanced border-security coordination, intensified action on climate and environmental challenges, and the continuation of projects in trade, investment, transport, and energy. Tashkent also supports initiatives related to Afghanistan. Many Uzbek initiatives have been endorsed and implemented in practice, including the establishment of the Virtual C5+1 Secretariat (2021), the TIFA meetings (Samarkand, March 2023), and projects on artificial intelligence and educational cooperation under the C5+1 framework.

The impact of these multilateral initiatives is evident: strengthened regional cooperation has opened new export routes, enhanced investment attractiveness, and created expert-exchange platforms — all contributing to the overall resilience of Central Asia.

Uzbekistan’s active engagement in the C5+1 format is fully aligned with its broader policy of deepening bilateral cooperation with the United States, which continues to expand across all key areas - politics, security, the economy, science, and culture.

Since the establishment of diplomatic relations on February 19, 1992, Uzbekistan and the United States have made substantial progress. A milestone was President Mirziyoyev’s official visit to the United States on May 15–17, 2018, which laid the foundation for a new era of strategic partnership. The President has also met with U.S. leaders on various multilateral platforms — on the sidelines of the Riyadh Summit in May 2017 and during the UN General Assembly sessions in New York in September 2017 and 2025.

The bilateral political dialogue evolved in 2021 into the Uzbekistan–U.S. Strategic Partnership Dialogue, whose sessions are held alternately in the two capitals. The fourth meeting, held in Washington on November 13, 2024, concluded with an agreement to elevate its status to the Expanded Strategic Partnership Dialogue.

The regular visits of senior U.S. officials and special envoys to Uzbekistan further underscore the growing intensity of the partnership.

In 2025, Uzbekistan hosted several high-level American representatives, including Paolo Zampolli, the Special Representative of the U.S. President for Global Partnerships (August 28 – September 1, 2025), and Sergio Góvar, the Special Envoy for South and Central Asian Affairs, accompanied by First Deputy Secretary of State Christopher Landau (October 25–27, 2025).

A clear demonstration of the high level of bilateral relations was the official visit of Foreign Minister Bakhtiyor Saidov to Washington on April 8–10, 2025, during which he met with U.S. Secretary of State Marco Rubio and National Security Advisor Michael Waltz. The sides discussed a wide range of regional and international issues, paying particular attention to strengthening the strategic partnership between Uzbekistan and the United States. Special emphasis was placed on cooperation in security, economic development, regional connectivity, and sustainable growth in Central Asia.

Inter-parliamentary ties are also expanding dynamically. In 2018, the Uzbekistan Caucus was established in the U.S. House of Representatives, with participation from both parties. Regular visits of congressional delegations contribute to the strengthening of parliamentary diplomacy.

Economic and investment cooperation is developing at a robust pace. The bilateral trade turnover and the number of joint projects continue to grow annually. Major American companies such as Air Products, General Electric, General Motors, Boeing, Honeywell, The Coca-Cola Company, and John Deere are successfully operating in Uzbekistan.

During the IV Tashkent International Investment Forum on June 9, 2025, the U.S.–Uzbekistan Business Forum was held with the participation of around 100 U.S. companies. Memorandums of understanding were signed and negotiations held with Boeing, FLS, Visa, NASDAQ, Air Products, Franklin Templeton, Morgan Stanley, and others.

The United States supports Uzbekistan’s accession to the World Trade Organization (WTO). In December 2024, the parties signed a protocol concluding bilateral negotiations on accession — an important milestone in Uzbekistan’s integration into the global trading system.

The cultural and humanitarian sphere constitutes a significant dimension of bilateral cooperation. Sister-city relations have been established between Tashkent–Seattle, Bukhara–Santa Fe, and Zarafshan–Clinton. These municipal partnerships foster cultural and educational exchange, tourism, and business collaboration.

Educational cooperation is also advancing: the Tashkent branch of Webster University (opened in 2019) and the American University of Technology (AUT), established in partnership with Arizona State University, play a key role. On August 30, 2025, an American Corner — a cultural and educational hub promoting academic and scientific collaboration — was inaugurated at AUT.

In October 2023, Tashkent hosted the Education USA Regional Forum with the participation of 65 U.S. universities. The activities of American Councils for International Education (ACIE) have resumed, and work is underway to restore the Peace Corps presence in Uzbekistan.

Transport connectivity has also improved: since July 2017, direct Tashkent–New York–Tashkent flights operated by the national airline have resumed, facilitating business and humanitarian exchanges.

Furthermore, the United States continues to support Uzbekistan’s domestic reforms. Reports by the U.S. Department of State and the Department of Labor highlight progress in combating human trafficking and eradicating the worst forms of child labour. Uzbek cotton has been removed from the lists of goods produced with forced child labour; in December 2020, Uzbekistan was delisted from the “Countries of Particular Concern” regarding religious freedom; and in April 2024, the U.S. Trade Representative (USTR) removed Uzbekistan from the Special 301 Watch List on intellectual property protection.

In summary, President Shavkat Mirziyoyev’s current visit to the United States and participation in the C5+1 Summit will provide a new and powerful impetus for the practical implementation of initiatives on both the multilateral and bilateral agenda. The visit will undoubtedly strengthen political dialogue, accelerate the realization of investment agreements, expand educational and cultural exchanges, and give fresh momentum to joint projects in energy, transport, and digital technologies.

For Uzbekistan, this visit represents another opportunity to reaffirm its status as an active and reliable partner in Central Asia; for the United States, it serves as a platform to deepen engagement in a region of strategic importance for global stability and economic growth.

Dunyo IA

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.

Distinguished heads of delegations!

I am sincerely glad to greet you all. I would like to echo the words of gratitude to the President of the Republic of Kazakhstan, H.E. Kassym-Jomart Tokayev, for the warm welcome and excellent organization of our meeting.

I am grateful to the distinguished Federal Chancellor of Germany, H.E. Mr. Olaf Scholz, for his commitment to expanding the multifaceted partnership with the countries of our region.

Our first meeting in Berlin and today's summit reaffirm shared intention to continue an open and constructive dialogue and our focus on achieving concrete practical results.

We are interested in holding regular meetings in this format, with setting up the mechanisms for expert review and implementation of the initiatives put forward.

Distinguished Federal Chancellor!

We highly value Germany's firm and unwavering support for the ongoing democratic transformations and socio-economic reforms in our countries, partnership and integration in Central Asia.

I would like to highlight that our multifaceted relationship has deep historical roots.

In the 18th century, the great composer of the Age of Enlightenment Handel created one of his greatest works – the opera "Tamerlane" – in just 20 days.

The great poet and philosopher Goethe dedicated a number of his famous works to our ancient cities - the centers of civilization.

I would like to mention another historical fact.

At the beginning of the 20th century, a group of talented, progressive young people from Central Asia studied at the leading German universities and subsequently made a great contribution to the promotion of the enlightenment ideas and socio-economic development of our region.

I would like to emphasize that today we see Germany as one of our important partners in achieving national goals of sustainable development.

Let me briefly highlight the profound and fundamental changes that have taken place in Central Asia in recent years.

We have established an open and productive dialogue and are independently addressing many issues related to borders, water, energy, trade and transit.

Recently, the Sixth Meeting of the Heads of State of the region was held here in Astana.

The international stance of the region is strengthening, cooperation with the leading countries via "Central Asia Plus" format is expanding.

The volumes of trade turnover, investment, freight transport and tourist travel by our citizens have increased many-fold.

We are discussing major regional projects in green energy and the development of transport communications.

We are exchanging experience and technologies, creating modern industrial and agricultural enterprises, and introducing financial instruments to stimulate cooperation projects.

Most importantly, we clearly understand that the future of our region, its security and sustainable development depends solely on our political will and efforts.

We sincerely welcome the interest of our European partners, first of all Germany, as the main initiator and driving force behind the promotion of EU strategies and multilateral cooperation programmes with our countries.

We are preparing to hold another summit in Uzbekistan in the format of "Central Asia - European Union" next year, having defined the investment in the future of the region as the main topic of the agenda of the meeting.

Dear colleagues!

Conflicts and wars, the overall global instability and unpredictability, sanctions policy, increased protectionism and many other factors are causing extremely negative impact on our countries and are becoming a serious test to the implementation of national programs and reforms.

Earlier, during our talks in Samarkand, I shared with Chancellor Scholz my high expectations from today’s meeting.

In this regard, I would like to outline our vision of the main directions for developing cooperation with Germany in Central Asia.

First. We highly value the establishment of a strategic regional partnership between Central Asia and Germany, which meets the common interests of maintaining stability, ensuring sustainability and prosperity of the region.

We consider it appropriate to adopt a long-term Concept for the development of our partnership with program activities in priority areas.

In order to develop this document, we propose to consider the possibility of establishing the “Central Asia – Germany” Forum of Analytical Centers. We are ready to hold its first meeting next year in Khiva - one of the region’s historic cities where a large community of German Mennonites used to live.

We also assign an important role to the annual meetings of the heads of the foreign ministries of our countries in preparing the agenda of our summits.

Second. Investment and technological partnership with the leading German companies.

I would like to note that the portfolio of ongoing and promising projects in Uzbekistan with the participation of German companies exceeds 20 billion Euros.

This includes energy, chemical and extractive industries, machine building, textile and food industry, agriculture, transport and logistics, production of construction materials.

The leading German companies, such as Siemens, Linde, BASF, MAN, Claas, Henkel, Knauf and many others are among our partners, which have invested about 6 billion euros into Uzbekistan’s economy in recent years.

Today we will have the opportunity to discuss long-term plans with the representatives of the German business.

In this regard, I have a number of specific proposals:

– developing a "road map" for expanding investment and technological cooperation between the Central Asian countries and Germany;

– participation of the leading German companies and banks in the implementation of joint projects in the special economic and industrial zones being created in the border areas, as well as large infrastructure projects of regional significance;

– launching of a permanent business dialogue platform – “Central Asia-Germany” Council of Investors and Entrepreneurs. We are ready to hold its first meeting next year in Uzbekistan within the Tashkent Investment Forum;

– study of the possibility of adopting a multilateral intergovernmental agreement on promotion and protection of investments.

Third. Partnership in critical raw materials based on the introduction of advanced German knowledge and technologies.

As it was mentioned our region is abundant in mineral resources.

The German Mineral Resources Agency and German companies could become our key partners in this area.

Here, we are referring to the geological survey projects, intensive exploration, processing and production of products with high added value, as well as arrangement of shipments to Germany and other EU countries.

Uzbekistan is ready to take part in the joint implementation of such projects in neighboring countries.

The technical assistance from Germany and European institutions in implementing the Digital Mapping Program of Critical Minerals and Rare Earth Metals in our region holds promising opportunities.

We also believe it is important to establish a reliable legal framework for such cooperation.

Fourth. “Green” energy. In recent years, all our countries have been actively developing solar, wind and hydropower, modernizing thermal power plants and networks, and promoting green hydrogen projects.

We propose to consider launching an Energy Dialogue between Central Asian countries and Germany, involving energy ministries, companies, operators, scientific organizations, design institutes and industry experts.

We are interested in preparing a Comprehensive Capacity Building Program for specialists in the low-carbon economy with the German technical assistance.

Fifth. Joint response to climate change.

Experts predict that the Central Asian region will remain most vulnerable to the effects of global warming. The rise in average temperatures will be twice as high as the world average.

We are grateful to the German side for launching the second phase of the “Green Central Asia” program, assistance provided for the implementation of environmental projects.

We are also interested in the following:

- implementation of joint educational programs and scientific exchanges at the Central Asian University of Environmental and Climate Change Studies;

- adoption of cooperation programs for the introduction of German water management technologies, modernization of irrigation systems, conservation of biodiversity and training of environmental specialists.

We support and are ready to take an active part in the practical implementation of the initiative of the German Chancellor to create a Central Asian Nature Partnership.

Sixth. The biggest barrier to deepening our partnership is the lack of transport connectivity, including land and air.

We count on Germany’s support in engaging European institutions in the development of alternative transportation corridors connecting Central Asia with Europe.

We propose to hold a joint Ministerial Conference next year on improving the transit capacity of such routes.

Dear heads of delegations!

The exhibition of cultural and historical heritage of our region last year at the Neues Museum in Berlin once again demonstrated the need for regular organization of such events.

Over several months, more than half a million of residents and guests of the German capital city enjoyed the exhibition.

We propose to adopt a Joint Plan for Cultural Activities in our countries, consider the possibility of holding Central Asian Art and Film Days in major cities of Germany, and establish cooperation between museums.

In the field of scientific and educational exchange, it is important to launch a platform for partnership among leading universities,
to develop programs aimed at expanding cooperation in the field of dual education, to train German language teachers with the involvement of the Goethe Institute and other German organizations.

The high interest of our youth in learning German is evidenced by the victory of an Uzbek schoolgirl at the World Olympiad held this summer in Göttingen.

Dear colleagues!

We believe it is important to continue close cooperation with Germany in the fields of combating terrorism, extremism and cybercrime, preventing radicalization of youth.

The security situation in Central Asia is inextricably linked with the processes taking place in Afghanistan.

We believe it is important to prevent the aggravation of the humanitarian crisis in this country, which is left alone with its own challenges.

In this regard, we are ready to cooperate with Germany and other European partners in the implementation of joint projects aimed at involving this country into regional economic cooperation and training personnel, including girls and women, in skills that are on-demand for the peaceful life in Afghanistan, at the Educational Center located in the border town of Termez.

In conclusion, I would like to emphasize that Uzbekistan is interested in untapping the potential of Germany’s multifaceted cooperation with the Central Asian region.

I am confident that today’s meeting will serve to further bringing our countries and peoples closer and fill our strategic partnership with concrete projects and programs.

Thank you!

The history of the partnership between Uzbekistan and Georgia provides a compelling example of how two countries, bound neither by alliance commitments nor by historical dependency, have come to recognize each other as genuine strategic partners.

One of the key priorities of Uzbekistan's contemporary foreign policy is the expansion of cooperation with the countries of the South Caucasus. This approach reflects Tashkent's consistent policy of diversifying its external economic relations while strengthening regional connectivity. Within this framework, the South Caucasus is regarded as an important partner capable of contributing to Uzbekistan's sustainable economic growth, expanding the country's transport and logistics opportunities, and enhancing its overall foreign economic potential.

The growing importance of the South Caucasus stems from its role as a natural bridge between Central Asia and Europe. Amid the ongoing transformation of global logistics and the emergence of new transport and economic corridors, this role has become increasingly significant, reinforcing Uzbekistan's interest in practical cooperation with the countries of the region.

Georgia occupies a special place in this strategy due to its considerable transit potential, well-developed transport infrastructure, and favorable conditions for expanding trade, investment, and humanitarian cooperation.

Although diplomatic relations between Uzbekistan and Georgia were established in the early years of independence, they remained overshadowed for many years by other pressing national priorities in both countries. For nearly two decades, bilateral relations developed largely by inertia: annual trade turnover fluctuated between US$30 million and US$50 million, high-level contacts were infrequent, and joint projects remained limited in number.

A turning point came after 2017, when Uzbekistan, under the leadership of President Shavkat Mirziyoyev, embarked on a policy of openness and active integration into regional and global economic processes. Within this broader strategy, the South Caucasus emerged as one of Tashkent's important foreign policy priorities. Georgia was among those partners whose bilateral relations required comprehensive reassessment and renewed political attention.

The first high-level dialogue after a fifteen-year hiatus took place in September 2017, when, on the sidelines of the United Nations General Assembly in New York, the President of Uzbekistan met with the Prime Minister of Georgia, Giorgi Kvirikashvili. The meeting sent a strong political signal of both countries' commitment to revitalizing bilateral cooperation and laid the groundwork for expanding contacts across multiple levels of government.

In the years that followed, political dialogue steadily intensified. Parliamentary relations were established, regular contacts were launched between the heads of government and the foreign ministries, and annual official meetings between the Prime Ministers of Uzbekistan and Georgia became an established practice.

In 2023, Prime Minister of Uzbekistan Abdulla Aripov paid an official visit to Georgia. In 2025, Georgian Prime Minister Irakli Kobakhidze made a reciprocal official visit to Uzbekistan, during which he held talks with the President of Uzbekistan, as well as meetings with the Prime Minister and the leadership of both chambers of the Oliy Majlis.

The steady strengthening of political dialogue has created a solid institutional foundation for the progressive development of Uzbek–Georgian relations. A central role in this process is played by the Intergovernmental Commission on Economic Cooperation, whose work focuses on implementing bilateral agreements, eliminating existing barriers, and identifying new avenues for cooperation.

The effectiveness of these institutional mechanisms is reflected in the consistently positive performance of bilateral economic relations, particularly in trade. Over the past nine years, trade turnover between Uzbekistan and Georgia has tripled, exceeding US$267 million in 2025. By comparison, bilateral trade amounted to only US$89.1 million in 2017.

The highest level of bilateral trade was recorded in 2024, when trade increased by nearly 50 percent compared to the previous year, reaching a record US$326 million.

Equally noteworthy is that this growth has been driven not only by increasing trade volumes but also by the diversification of its structure. Whereas bilateral trade once consisted of a relatively limited range of commodities, today its product composition has become considerably broader.

Uzbekistan exports industrial goods, including non-ferrous metals, copper wire, rolled metal products, and electrical equipment, alongside food products such as legumes, fruit, and tobacco, as well as chemical products, including polymers. Georgia, in turn, exports food products, beverages, pharmaceuticals, construction materials, and metal products to Uzbekistan.

An important indicator of the expanding trade and economic cooperation has been the growing investment activity of the business communities of the two countries, reflected in the establishment of joint ventures. Today, around 100 enterprises with Georgian capital operate in Uzbekistan, while more than 140 Uzbek companies are active in Georgia. This demonstrates the growing level of mutual trust between business circles, as well as their interest in maintaining a long-term presence in each other’s markets.

The continued positive dynamics of economic cooperation suggest that the two countries have the necessary prerequisites to move beyond a trade-based model toward deeper industrial and investment cooperation. The most promising areas include the textile industry, agriculture and food production, pharmaceuticals, construction, and services, where the economies of both countries possess complementary advantages.

One of the key dimensions of Uzbek–Georgian relations is the expansion of transport and logistics links between Central Asia, the South Caucasus, and Europe. It is in this area that the interests of the two countries align most naturally.

For Uzbekistan, the use of Georgia’s transport infrastructure to access European markets is of particular importance. The ports of Poti and Batumi are key elements of this logistics chain. For Georgia, in turn, increased cargo flows from Uzbekistan and other countries of the region create opportunities to expand trade ties with Asian states.

According to experts from the Center for the Study of Transport and Logistics Development Problems under the Ministry of Transport of the Republic of Uzbekistan, positive dynamics are also observed in bilateral freight transportation. By the end of 2025, the total volume of cargo transportation between Uzbekistan and Georgia reached 146.8 thousand tons. Export shipments increased by 27 percent to 53.4 thousand tons, while import shipments rose by 26 percent to 71.5 thousand tons.

In this context, the development of the Middle Corridor is gaining particular importance. Today, it is regarded as one of Eurasia’s most promising transport arteries, opening new opportunities for route diversification and the growth of international trade. Over the past five years alone, Uzbekistan’s foreign trade cargo transportation along this route has doubled, reaching 1.2 million tons by the end of 2025.

At the same time, cooperation between Uzbekistan and Georgia in this field is moving beyond the basic use of existing transport infrastructure toward the creation of a dedicated logistics base. A vivid example is Uzbekistan’s construction of a multifunctional logistics terminal in the Poti Free Industrial Zone. The project provides for the creation of a modern warehouse complex covering around 30 hectares and designed to handle various categories of cargo, including containerized, general, bulk, and perishable goods.

The implementation of this project will create an important logistics hub for ensuring the supply of Uzbek products to European markets. At the same time, the terminal will be used to organize reverse cargo flows, thereby contributing to increased trade not only between Uzbekistan and Georgia, but also with other Central Asian states.

It is transport and logistics partnership that has the greatest potential to become the main driver of Uzbek–Georgian relations in the coming years. While at this stage the parties are focused on trade and infrastructure modernization, in the long term the goal is to create a full-fledged economic corridor linking Central Asia, the South Caucasus, and European markets.

In parallel with the development of these large-scale routes, people-to-people ties are also strengthening. In recent years, mutual interest among citizens of the two countries in tourist travel has grown noticeably. Thanks to direct flights from Tashkent to Tbilisi and Batumi, operated 13 times per week, the number of Uzbek tourists visiting Georgia has been steadily increasing, exceeding 21.5 thousand people in 2025.

For its part, Uzbekistan is attracting growing interest among Georgian travelers wishing to discover the country’s unique cultural heritage, including Samarkand, Bukhara, Khiva, and other ancient cities. Over the past seven years, the tourist flow from Georgia to Uzbekistan has increased more than 2.5 times — from 3 thousand people in 2019 to 6.8 thousand people in 2025.

Thus, relations between Uzbekistan and Georgia are currently at a stage of steady and progressive development. Whereas ten years ago bilateral interaction was based mainly on diplomatic contacts and limited trade ties, today, as we can see, a new format of partnership is taking shape, covering the political, economic, transport, and humanitarian spheres.

Of particular importance is the fact that this expansion of cooperation is taking place against the backdrop of major changes in the international economy and global logistics. As new transport routes between Asia and Europe are being formed, Uzbekistan and Georgia are objectively becoming important elements of a single space of connectivity.

The realization of this potential in the medium term will depend on the readiness of both sides to support political will with genuine economic interest. Such an approach will give new practical substance to the partnership between Uzbekistan and Georgia and will make it possible to build a sustainable model of cooperation based on pragmatism, mutual trust, and a shared commitment to sustainable development.

Miraziz Mirumarov
Leading Research Fellow
Institute for Strategic and Regional Studies
under the President of the Republic of Uzbekistan

Economic cooperation between Uzbekistan and Turkiye is carried out within the framework of signed bilateral agreements and established intergovernmental mechanisms, and is supported by regular high-level contacts. In addition, Uzbekistan and Turkiye cooperate within the framework of the Organization of Turkic States.

In 2023, the President of the Republic of Turkiye paid an official visit to Uzbekistan, during which the Uzbekistan–Turkiye Business Forum was held. As a result of the visit, a substantial package of intergovernmental and commercial agreements was signed, covering key sectors of the economy with a total value of around $10 bn.

In June 2024, the President of the Republic of Uzbekistan paid an official visit to Turkiye. During the visit, a meeting of the High-Level Strategic Cooperation Council was held, resulting in the signing of an important package of agreements, protocols, and roadmaps aimed at further expanding trade, economic, and investment cooperation.

Mutual trade between Uzbekistan and Turkiye operates under a most-favoured-nation regime, and a Preferential Trade Agreement has also been signed.

Turkiye is among Uzbekistan’s leading trade and economic partners, ranking 4th in terms of total trade turnover and imports, and 5th in terms of Uzbekistan’s exports.

In 2025, Turkiye’s share in Uzbekistan’s foreign trade turnover amounted to 3.7%, including 3.4% of exports and 4.0% of imports.

Dynamics of Bilateral Trade

Over the period 2017–2025, bilateral trade between the two countries increased by 1.9 times and reached $3.0 bn by the end of 2025. Exports to Turkiye grew by 1.3 times to $1.1 bn, while imports from Turkiye increased by 2.8 times to $1.9 bn.

At the same time, annual growth rates of imports from Turkiye consistently exceeded export growth rates, resulting in a widening trade deficit to –$751.6 mn.

Uzbekistan’s exports to Turkiye in 2025 comprised the following categories: industrial goods (copper products, yarn, etc.) amounting to $511.4 mn (45%); miscellaneous manufactured articles (mainly precious metal products) at $152.3 mn (13.4%); chemical products (polymers, fertilizers, etc.) at $124.3 mn (11%); machinery and transport equipment at $80.1 mn (7%); food products (dried fruits and nuts) at $63.0 mn (5.5%); petroleum products (gasoline, gas oil) at $36.6 mn (3.2%); non-food raw materials at $18.0 mn (1.6%); as well as services, primarily transport services, at $149.9 mn (13.2%).

Imports from Turkiye in 2025 were dominated by the following categories: machinery and transport equipment at $674.6 mn (35.7%); chemical products at $408.9 mn (21.7%); industrial goods at $390.2 mn (20.7%); miscellaneous manufactured articles at $136.2 mn (7.2%); food products at $94.6 mn (5.0%); petroleum products (lubricating oils) at $30.2 mn (1.6%); non-food raw materials at $30.1 mn (1.6%); and services at $117.4 mn (6.2%).

Investment Cooperation

The two countries have signed an Agreement on the Promotion and Reciprocal Protection of Investments. As of 1 January 2026, 2,137 enterprises with Turkish capital operate in Uzbekistan, accounting for 11.8% of all active enterprises with foreign investment. Of these, 496 are joint ventures and 1,641 are wholly owned by Turkish investors.

Total direct investments and loans from Turkiye to Uzbekistan’s economy over 2017–2025 amounted to $9.0 bn, including $2.6 bn attracted in 2025 alone.

Turkish capital continues to expand its presence in Uzbekistan, primarily in priority sectors such as energy, manufacturing, agriculture, and construction.

In particular, investments in the power sector are linked to the construction by the Turkish company Cengiz Enerji of a 240 MW thermal power plant in Tashkent Region and a similar 220 MW plant in Syrdarya Region.

Prospective Areas of Economic Cooperation

An analysis of Turkiye’s import structure indicates opportunities to increase Uzbekistan’s exports to Turkiye, particularly in product categories that Uzbekistan already supplies to global markets. These include polymers (Turkiye’s imports amounting to $2.8 bn), copper wire ($1.4 bn), fertilizers ($1.1 bn), legumes ($1.0 bn), zinc ($857 mn), copper tubes ($360 mn), textile products, particularly T-shirts and undershirts ($373 mn), knitted fabrics ($158 mn) and other manufactured goods.

Promising areas for cooperative engagement between Uzbekistan and Turkiye include manufacturing industries – especially textiles, electrical engineering, and machinery – chemical industry, agriculture, healthcare, education, as well as projects aimed at preserving and promoting cultural heritage. There are also prospects for joint infrastructure projects, including the construction of water treatment facilities.

In agriculture, particular attention is paid to the selection and cultivation of domestic pistachio varieties and the development of pistachio farming. Agreements have been reached on implementing joint research projects focused on cultivation techniques and adaptation.

A significant emphasis is placed on expanding cooperation in education, including the involvement of Turkish lecturers and specialized professionals in educational initiatives in Uzbekistan, experience exchange, and human capital development.

At the same time, areas of cooperation in healthcare are being discussed, focusing on the development of primary healthcare, the introduction of medical insurance systems, sector digitalization, improvement of service quality, and modernization of the pharmaceutical industry.

Tourism has been identified as a separate and promising area of cooperation. Currently, 12 hotels in Uzbekistan operate with the participation of Turkish partners, along with more than 100 joint restaurants, reflecting sustained interest by Turkish businesses in the country’s tourism sector.

In 2025–2026, with the support of Turkish investors, 11 hotel projects with a total value of $167.9 mn are planned in Bukhara, Samarkand, Jizzakh, Fergana, and Tashkent regions.

Transport connectivity is also expanding significantly. The number of weekly flights between Uzbekistan and Turkiye has increased from 62 in 2023 to 106 at present, creating additional conditions for the growth of mutual tourist flows and the expansion of travel routes.

A key initiative in tourism is the “Million + Million” programme, aimed at attracting at least one million tourists to each country. The programme envisages a further increase in flight frequency and the expansion of tourist routes between Uzbekistan and Turkiye.

Conclusion

In recent years, there has been steady growth in bilateral trade, investment volumes, the number of enterprises with Turkish capital, and the breadth of economic cooperation.

At the same time, Uzbekistan’s exports to Turkiye are still dominated by raw materials and intermediate goods used in Turkiye’s industrial sectors. Against this background, the key task for the coming years is to move from a “raw materials–finished goods” trade model toward the formation of joint production chains with higher value added.

In this context, Turkiye can play a role for Uzbekistan not only as one of its principal trading partners, but also as a contributor to Uzbekistan’s industrial development and to the expansion of its participation in global value chains.

Edvard Romanov
Center for Economic Research and Reforms

Relations with the Organization of Turkic States (OTS) have reached a qualitatively new stage of development by 2026. While Uzbekistan’s accession to the organization in 2019 was largely of a political and symbolic nature, today this cooperation has evolved into a comprehensive system enriched with tangible elements of economic, transport-logistical, and technological integration. In this context, the OTS is no longer merely a platform based on shared language and cultural ties, but rather functions as a significant geo-economic center influencing regional development.

The summits held between 2024 and 2026, along with the documents adopted within their framework, have significantly accelerated the institutional consolidation of the organization. In particular, initiatives such as the “Charter of the Turkic World”, as well as decisions related to digital cooperation and green development, have defined the long-term strategic priorities of the OTS. By 2026, the practical outcomes of these initiatives have begun to materialize: the volume of mutual trade has increased, the number of joint investment projects has expanded, and transport connectivity among member states has been substantially strengthened. All these developments indicate the steady strengthening of the organization both institutionally and in practical terms.

A comparative analysis of development dynamics over the past seven years reveals several key trends. First, there has been a clear institutionalization of political dialogue, with meetings at the level of heads of state becoming systematic and mechanisms for implementing decisions being established. Second, the scope of economic cooperation has significantly expanded: whereas trade relations were previously limited, there is now active development of industrial cooperation, the establishment of investment funds, and the formation of joint production clusters. At the same time, cooperation in transport and logistics has intensified considerably, transforming the OTS into one of the key transit hubs of Eurasia. Particular importance by 2026 has been attached to the so-called “Middle Corridor” (the Trans-Caspian International Transport Route). Against the backdrop of global geopolitical shifts and disruptions in traditional supply chains, this corridor is increasingly viewed as a reliable and alternative route connecting Europe and Asia. Uzbekistan is actively participating in these processes by modernizing its railway and road infrastructure and developing logistics centers. As a result, the country is strengthening its position not only as a transit state but also as one of the key transport hubs in the region.

Economic cooperation within the OTS continues to demonstrate stable positive dynamics. By 2026, the volume of intra-organizational trade has grown significantly, driven by trade facilitation measures, harmonization of customs procedures, and the implementation of digital platforms. At the same time, new projects in industrial cooperation are being carried out, particularly in sectors such as textiles, automotive manufacturing, and agricultural processing.

In the energy sector, cooperation is acquiring new dimensions. While the primary focus was previously on traditional energy sources, priority is now increasingly given to green energy. Projects in solar and wind power, energy efficiency programs, and initiatives aimed at ensuring environmental sustainability are being actively promoted within the OTS framework. This contributes to strengthening the organization’s role in the global climate agenda.

Digital transformation has emerged as one of the most rapidly developing areas of cooperation. By 2026, collaboration in e-government systems, digital services, and IT startups has deepened significantly. These processes not only enhance economic efficiency but also contribute to the modernization of public administration.

Cultural and humanitarian cooperation continues to play a crucial role, serving as the foundation of the OTS’s “soft power.” Educational exchange programs, the establishment of joint universities, tourism development, and cultural initiatives contribute to strengthening mutual understanding among member states. This, in turn, creates a solid social foundation for further deepening economic and political cooperation.

From the perspective of future development, the further evolution of the OTS is associated with several strategic directions. In particular, the likelihood of forming elements of a common economic space is increasing. Further deepening of transport and logistics integration is expected, enabling the OTS to become an integral part of global trade chains. Significant potential is also linked to the development of the digital economy and innovation. At the same time, geopolitical factors will continue to play an important role, contributing to the transformation of the OTS into one of the key centers of power in Eurasia.

In conclusion, by 2026 the Organization of Turkic States has emerged as a dynamically developing integration structure steadily expanding its sphere of influence. Uzbekistan’s active and proactive participation in these processes plays an important role in ensuring its foreign policy and economic interests. The observed positive trends suggest that, in the future, the OTS is likely to secure a significant and stable position not only at the regional but also at the global level.

TASHKENT — Uzbekistan has unveiled its updated Uzbekistan–2030 Strategy, marking a major step in the country’s journey toward national reform and development. Officials emphasise that implementing reform requires responsibility, consistency, institutional discipline, and public legitimacy. The government has revised the strategy following extensive public consultations, ensuring that citizens’ voices are reflected in the results-based policy framework. Aligned with international standards and designed to advance the United Nations Sustainable Development Goals, the strategy positions Uzbekistan as an active participant in the global development agenda.

A defining feature of the strategy is its emphasis on measurable implementation. Authorities have established 100 goals to be assessed annually through 2030, each with designated institutions, mechanisms, and financing sources. This approach creates a governance model centred on accountability and transparency. International organisations and development partners will also be able to monitor progress, access reports, and contribute expertise — a move officials say will further enhance transparency and attract external support.

The first major priority of the strategy is to create opportunities for every person to realise their potential, with 44 goals linked to human development. These include targets for expanding access to education, healthcare, employment, and social protection. In education, the government aims to boost pre-school coverage to 80 per cent, achieve universal participation in school-preparation groups, and modernise schools with electronic boards and new-generation textbooks. Teachers’ salaries are set to double, and 500,000 education staff will receive ongoing professional development. Higher and vocational education goals include expanding access, improving graduate employability, and increasing the number of internationally accredited university programs to 200.

Officials have tied human capital development to advances in science and innovation. The strategy calls for raising spending on science to 1 per cent of GDP, increasing the number of research and innovation projects, and propelling Uzbekistan into the top 60 of the Global Innovation Index.

Healthcare reforms aim to increase average life expectancy to 78 years, with health expenditure projected to rise to 5 per cent of GDP. Priorities include reducing premature deaths from major diseases, improving maternal and child health, and expanding digital healthcare services. Broader social goals include increasing women’s representation in leadership and civil service, eliminating extreme poverty, reducing unemployment to 4 per cent, and training 2 million citizens in new skills and foreign languages.

Youth policy is another central pillar, with goals to offer free foreign language instruction to 7 million young people, train 3 million in modern professions using AI tools, and employ 300,000 in the IT sector. The strategy also seeks to boost participation in sports, culture, and the arts nationwide.

The second major priority is sustainable economic growth. The government has set targets to increase GDP from $145 billion to over $240 billion by 2030, and GDP per capita from $3,800 to $5,800. Other economic targets include keeping inflation at 5 per cent, public debt below 50 per cent of GDP, and the budget deficit under 3 per cent.

Plans for industry focus on diversification and value addition, with aims to boost high-tech output, raise car production to 1 million units (including 200,000 electric vehicles), create 1.8 million industrial jobs, and increase industrial value added to $60 billion. The government expects over 400 strategic projects worth $150 billion in foreign investment. Financial reforms will include bank privatisation, expanded credit, and the development of Islamic finance.

The strategy also emphasises the green economy. Officials want renewable energy to account for 54 per cent of total generation and to reduce greenhouse gas emissions by 35 per cent. Transport and logistics improvements will include expanding transit freight, repairing or building roads, and modernising airports. In agriculture, the focus is on boosting productivity and exports, with a target of $10 billion in agricultural exports.

Environmental protection and water saving are also key goals. Uzbekistan plans to improve water-use efficiency by 25 per cent, fully meter drinking water, and expand water-saving technology in agriculture. Other environmental targets include increasing urban greenery, expanding forested land, and creating new green spaces in the Aral Sea region and deserts. The government also aims to improve biodiversity, waste management, air quality, and climate resilience.

Strengthening the rule of law and public service is another core priority. The strategy aims to improve local governance, expand electronic public services, and reduce emergency response times. Legislative reforms will focus on increasing the number of directly applicable laws and reducing the regulatory burden. At the same time, additional measures will promote meritocracy, judicial reform, human rights, anti-corruption, and public oversight.

The strategy also calls for advancing a safe and peace-loving state by promoting an active foreign policy, regional cooperation, support for Uzbeks abroad, and better-managed labour migration. Targets include increasing the number of visa-free destinations for Uzbek citizens, boosting trade turnover with neighbours, expanding diplomatic representation abroad, and advancing WTO accession. Other goals include defence modernisation, disaster preparedness, and strengthening public trust and interethnic harmony.

A formal monitoring system will track implementation through a digital platform, using colour-coded performance categories to flag progress or delays. The Development Strategy Centre will play a key role in monitoring strategic indicators and recommending improvements.

The Uzbekistan–2030 Strategy stands out for combining ambition with a structured, results-oriented approach. Rather than isolated initiatives, the government is pursuing a coordinated, accountable, and long-term transformation agenda. The strategy is expected to guide Uzbekistan’s development and reform efforts well into the next decade.

By Eldor Tulyakov,

Executive Director, Development Strategy Centre

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.