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

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

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

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

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

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

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

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

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

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

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

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

Such cooperation opens a number of significant advantages for Uzbekistan:

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

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

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

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

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

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

Dmitriy Trostyanskiy

Chief Research Fellow,

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan,

Doctor of Economic Sciences

Dear compatriots!

I cordially congratulate you, all our multinational people with the Constitution Day of the Republic of Uzbekistan celebrated on December 8.

Undoubtedly, this year we all feel the significance of this holiday especially deeply. After all, above all, it takes place in the context of historic transformations in the political-legal, socio-economic and spiritual spheres of our life. 

It should be emphasized once again that the elections to the Oliy Majlis and local Kengashes, held in the spirit of open and competitive contest on October 27 this year, became an important step towards the implementation of our updated Fundamental Law. As a result of the elections, which vividly demonstrated the high political culture, unity and cohesion of our hardworking and tolerant people on the path of building the New Uzbekistan, a new system of representative power has been formed in the country. Its constitutional rights and powers have been strengthened and its responsibility has increased manifold.

One more important aspect: we have moved from the practice of the recent past, when khokims were simultaneously in charge of local councils, to a new system in which, for the first time, councils are headed by chairmen elected among deputies. 

The transfer of more than 30 powers of khokims to local councils testifies to an even broader establishment of the principles of democracy in our society.  

In accordance with the constitutional provision that the people are the only source of state power, we will resolutely continue our reforms aimed at expanding the powers of the Parliament and local Kengashes, further increasing their activity, creating the necessary conditions for effective activity, in short, turning them into the true voice of the people. 

Dear friends!

Large-scale measures are taken in the country for consistent implementation of the priority principles of ensuring human rights, interests and dignity enshrined in the Fundamental Law. 

Thanks to the selfless labor of our people, in recent years the national economy has doubled, the per capita income has reached 3 thousand dollars, the poverty rate has decreased from 23 to 11 percent, the coverage of preschool education has exceeded 74 percent, higher education - 39 percent, and this is undoubtedly a historic result. 

In order to dynamically continue the reforms, to apply in practice the norms of the Constitution in the new edition, the issues of entrepreneurship development and, on this basis, increasing the population's income, strengthening the atmosphere of mutual respect and harmony in families and mahallas, and comprehensive support for representatives of the older generation, women and youth will continue to be at the center of our attention. 

The Fundamental Law stipulates that Uzbekistan is a social state, therefore, further improvement of cities and villages, construction of new residential buildings, health care, education, culture, art and sports institutions, modernization of road and communication networks, strengthening of targeted social protection will be of paramount importance for us. In particular, the priority task is to increase twofold the amount of funds allocated to the health sector, transition to a health insurance system and provide the population with fully guaranteed medical services. 

Within the framework of programs in the field of education, we will bring the coverage of higher education to 50 percent in the coming years. In 2025 alone, 4 trillion soums will be allocated from the state budget for the repair of existing kindergartens and construction of new kindergartens and schools.

Another important area is support for those in need of social protection, for which it is planned to allocate a total of 46.5 trillion soums and lift 1 million citizens out of poverty.

We will also raise to a new level the work on creating even more favorable conditions for persons with disabilities, their socialization, and in general on ensuring inclusiveness in society. Necessary measures will also be taken to reform the pension system. 

As you know, the new version of the Fundamental Law for the first time enshrines the rights of citizens in the sphere of ecology, emphasizing the state's obligations to protect the environment and maintain the ecological balance. 

We have declared 2025 the Year of Environmental Protection and Green Economy in the country and have set clear objectives in this field. I am confident that this will serve as an important basis for implementing the relevant constitutional norms and principles. 

I take this opportunity to urge you, dear compatriots, all our people to take an active part in the development and implementation of the State Program of the coming year. 

We have no right to forget that the protection of nature is the protection of the humans, our future. We must protect our priceless wealth - fertile fields, clean springs, rivers and lakes, mountains and plains, create new gardens and parks, green territories, so that our motherland Uzbekistan becomes even more beautiful, and future generations live in a free and prosperous country. 

Dear compatriots!

Our Constitution has always been and remains a reliable guarantor of strengthening national independence, preserving peace and stability in the country, interethnic friendship and harmony, ensuring the irreversibility of the ongoing reforms. 

We are proud of our Fundamental Law - a vivid symbol and practical embodiment of the legal consciousness and will of the people. I believe that studying every article, every norm of this unique legal document, showing respect for them should become a sacred duty and a life principle for all of us. 

I am convinced that by working in good faith, recognizing our responsibility, we will be able to further increase the effectiveness of the reforms carried out and will definitely achieve the great goals before us.

Once again I sincerely congratulate you, dear compatriots, with Constitution Day, wish you all health, peace and prosperity to your families.

May the authority and glory of our Motherland grow!

May the people of Uzbekistan - the creator of all our achievements - be happy! 

Shavkat Mirziyoyev,

President of the Republic of Uzbekistan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Nilufar Doniyorkhodjaeva

Head of Department

Development Strategy Center

Tashkent, Uzbekistan

In October, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, will pay a visit to the Kingdom of Belgium, during which important decisions are expected to be made that will mark a qualitatively new stage in relations between Uzbekistan and the European Union. In particular, the visit will feature the signing of the Agreement on Enhanced Partnership and Cooperation.

In recent years, Uzbekistan has been actively shaping a new framework of engagement with Europe – a key pillar of stability amid current geopolitical tensions and global economic uncertainty. The ties between Uzbekistan and European countries continue to grow, and the areas of cooperation are diversifying, supported by the ongoing reforms in Uzbekistan.

Building a New Chapter in Relations

After gaining independence, Uzbekistan’s relations with the European Union developed dynamically. A Memorandum of Understanding between the Government of Uzbekistan and the European Commission was signed in 1992, followed by the establishment of diplomatic relations in 1994. The foundation of cooperation was laid by the Partnership and Cooperation Agreement (PCA) signed in June 1996 and entering into force in 1999. However, at a certain stage, cooperation faced difficulties due to the insufficient pace of democratic reforms in Uzbekistan.

With the election of Shavkat Mirziyoyev as President, the situation changed dramatically. As early as 2017, during his visit to Tashkent, Stefano Manservisi, Director-General for International Cooperation and Development of the European Commission, stated that “the EU regards Uzbekistan as a strategic partner.” The sweeping democratic and economic reforms launched in Uzbekistan helped resolve within a short period many issues that had long remained unsolved. Forced labor was completely eradicated, and reforms in the cotton sector enabled the country to abandon raw cotton exports altogether.

As reforms advanced, the legal and institutional framework of relations with Europe expanded rapidly. While previously Uzbekistan and the EU granted each other most-favored-nation treatment under the PCA, in April 2021 the EU granted Uzbekistan GSP+ beneficiary status, and in 2022 the Enhanced Partnership and Cooperation Agreement (EPCA) was initialed.

Along with internal transformation, Uzbekistan’s foreign policy architecture also changed. Priority was given to closer cooperation with neighboring Central Asian states, as well as the active expansion of ties with European countries – a vector that has strengthened steadily in recent years.

Just in the past year, Uzbekistan established strategic partnership relations with France, Italy, and Slovakia, while discussions on expanding strategic cooperation with Hungary continued. President Mirziyoyev also visited Slovenia, and Italy’s Prime Minister and Bulgaria’s President visited Uzbekistan.

A milestone in strengthening relations between Uzbekistan and Europe, and between Europe and Central Asia as a whole – was the first EU–Central Asia Summit, held in Samarkand in April 2025 under the chairmanship of Shavkat Mirziyoyev. Uzbekistan presented a broad range of initiatives to create a new model of regional cooperation between Central Asia and Europe, including: a multilateral agreement on investment protection and promotion; the launch of a Central Asia–EU Joint Chamber of Commerce; the adoption of a regional support program for SMEs and women’s entrepreneurship; the establishment of an investment platform to promote regional projects in green energy, innovation, transport, infrastructure, and agriculture.

The Samarkand Summit was highly productive. A Joint Declaration was adopted, establishing a strategic partnership between the two regions in trade, transport, energy, digital connectivity, and water management. European Commission President Ursula von der Leyen announced that the EU had prepared a €12 billion investment package for Central Asia under the Global Gateway initiative.

The Trajectory of Economic Cooperation

Uzbekistan’s deep democratic transformations have significantly improved relations with European countries. Economic reforms have enhanced the competitiveness of Uzbekistan’s economy, stimulating investor confidence and growing interest from European businesses.

The results are impressive. Over the past 8 years, Uzbekistan’s GDP has doubled, reaching $115 billion in 2024. Since 2017, investment in fixed capital has totaled $240 billion, of which foreign investment exceeded $130 billion. The country’s foreign exchange reserves surpassed $48 billion for the first time in history. Structurally, the share of industry in the economy increased from 20% to 26%, and services from 44% to 47%. Labor productivity (GDP per employed person) rose by 45%.

As a result, opportunities for mutually beneficial cooperation between Uzbek and European businesses have expanded. Between 2017 and 2024, Uzbekistan’s trade with the EU increased 2.4 times to $6.4 billion; exports grew 3.6 times to $1.7 billion, and imports 2.2 times to $4.7 billion. In 2024, the EU’s share in Uzbekistan’s total trade turnover was 9.7%, in exports 6.3%, and in imports 12%. The EU ranked third among Uzbekistan’s trade partners, after China and Russia.

The EU’s share in Uzbekistan’s total exports increased from 3.8% to 6.3% over the same period. This growth was driven by Uzbekistan’s accession to the GSP+ preferential trade system, granting duty-free access to the EU market across roughly 6,200 tariff lines. The share of Uzbekistan’s exports benefiting from GSP+ reached 59%, with a preference utilization rate of 84%, indicating efficient use of trade benefits.

In 2024, Uzbekistan’s exports to the EU were dominated by chemical products (52.1%), as well as textiles, ferrous and non-ferrous metals, minerals, and food products. Among EU members, France accounted for 47.2% of exports, Lithuania for 10%, and Latvia for 6.9%.

Uzbekistan’s imports from the EU significantly exceeded exports – a reflection of the ongoing technological modernization of the national economy. Around 16% of Uzbekistan’s total imports of machinery, equipment, and transport vehicles come from EU countries.

Investment cooperation is also expanding rapidly. In 2024, foreign investments and loans from EU countries and their financial institutions increased by 77%, reaching $4.1 billion (compared to $2.3 billion in 2023). The most active investors were Germany ($1.37 billion), the Netherlands ($1.05 billion), Cyprus ($858.9 million), the Czech Republic ($137.8 million), Italy ($99.8 million), and Sweden ($97.5 million). Today, around 1,000 enterprises with EU capital operate in Uzbekistan, with a total project portfolio of €30 billion.

A special role in recent years belongs to the EBRD, of which Uzbekistan has become one of the largest beneficiaries. The Bank’s total investments in Uzbekistan’s economy exceeded €5 billion, including around €1 billion in 2024, primarily directed toward the private sector.

Reforms in Uzbekistan have become the key driver for unlocking the significant potential of trade and economic cooperation with the European Union.

Uzbekistan–Belgium

The upcoming visit will also focus on strengthening relations between Uzbekistan and Belgium. Diplomatic relations were established following the opening of the Embassy of Uzbekistan in Brussels in 1993. In 1996, the two countries signed an Agreement on avoidance of double taxation, and in 1998 – an Agreement on mutual protection and promotion of investments, which provide legal guarantees for investors in both states.

Business contacts have intensified in parallel with Uzbekistan’s reform agenda. The visits of 2019 and 2022 set the tone for cooperation in infrastructure, energy, and the digital economy. More important than the current trade volumes has been the recognition and support of Uzbekistan’s reforms by EU partners, laying the foundation for long-term engagement.

In 2024, bilateral trade amounted to $62.3 million, including $7.3 million in Uzbek exports and $55 million in imports. Investment cooperation is gaining momentum: several dozen companies with Belgian capital now operate in Uzbekistan, including wholly owned enterprises. New technologies are being localized, for example, Jaga Climate Designers is participating in a joint venture for heating and ventilation systems, and Picanol Group is localizing the assembly of high-tech textile machinery. Belgian brands Belcolade and Prefamac are exploring opportunities to launch chocolate production with subsequent localization.

Despite modest trade volumes, there is significant potential for expanding cooperation in several areas. Given Belgium’s leading role in pharmaceuticals and biomedical research and Uzbekistan’s growing pharmaceutical market, joint ventures or industrial clusters could be developed in this sector, involving companies such as UCB and Janssen Pharmaceutica.

There is also strong potential for joint fruit and vegetable processing projects in Uzbekistan, targeting exports to the EU via Belgian logistics hubs such as the Port of Antwerp and wholesale markets. Potential partners include Greenyard and Puratos. Direct seasonal exports of fresh fruits (e.g., grapes in autumn and winter), as well as dried vegetables, spices, and organic products, could also be expanded. In light industry, there is room to increase exports of ready-made knitwear and home textiles, provided European quality and safety standards are met. The market potential is evident – Belgium imported about $7.9 billion worth of clothing in 2024.

The main challenges remain logistics and standards. Belgium functions as a major EU maritime hub centered around Antwerp, while direct routes from Uzbekistan are still limited. The near-term priority should be pilot supply chains ensuring quality and traceability, the development of cold logistics, certification under EU technical and sanitary regulations, the use of Benelux consolidation hubs, and trade finance tools for SMEs. With the gradual development of new overland routes along the Middle Corridor, Uzbekistan will gain a stronger foothold in high value-added exports without higher costs or delivery delays.

Conclusion

Uzbekistan is entering a stage of deepened economic cooperation with the European Union. During the ongoing modernization and digital transformation of its economy, European investment, technology, education, and research experience can play a key role. At the same time, Uzbekistan seeks to expand exports of industrial goods as their quality improves.

Uzbekistan is also a rapidly growing market with a young and dynamic population, now reaching 38 million people – an 18% increase since 2017. Every year, around 700,000 economically active individuals enter the labor market, forming a substantial human resource base for the economy, including joint ventures.

As a result of poverty reduction policies, living standards and household incomes have risen significantly. Whereas a third of the population once lived below the poverty line, 7.5 million people have been lifted out of poverty, and the poverty rate declined to 8.9% in 2024, with plans to reduce it further to 6% this year. These policies not only address social challenges but also expand domestic demand, increasing the interest of European businesses in entering Uzbekistan’s market.

The further deepening of Uzbekistan’s economic engagement with the EU and Belgium is an objectively mutually beneficial process – one that will define the success of the upcoming state visit of President Shavkat Mirziyoyev to Belgium.

The agreements expected to be signed will help advance joint projects in sustainable energy and infrastructure, strengthen transport and technological connectivity between Central Asia and Europe, and position Europe as a key partner in Uzbekistan’s long-term growth and modernization trajectory.

Оbid Khakimov,  

Director of the Center for
Economic Research and Reforms

President Shavkat Mirziyoyev was given a presentation on measures to further develop the jewelry industry, support jewelry production and sales, and increase exports of finished products.

Our country has a huge potential for increasing production and export of jewelry.

As the head of state noted, only 6 percent of gold mined in the country is processed, and exports of its products amount to only 78 million dollars, so it is important to create jewelry zones with special conditions for entrepreneurs, to review the provision of raw materials, training of specialists, production chain and sales system.

In this regard, the Ministry of Economy and Finance and the Chamber of Commerce and Industry have developed relevant proposals.

In particular, it is planned to improve the activity of the Uzbekzargarsanoati association, expand its powers and reorganize the management system.

In order to support manufacturers of the industry, it is proposed to apply the benefits provided for members of the Association "Uzbekzargarsanoati" to individual entrepreneurs - manufacturers of jewelry, who are members of the Association "Uzbekzargarsanoati".

The possibility of establishing a zero rate of customs duty and value added tax on equipment, packaging and marking materials that are not produced in Uzbekistan and used in the jewelry industry for the period up to October 1, 2026 is being studied.

The issues of creation of special jewelry centers including production, exhibition and trade areas were considered. Information was provided on the placement of pilot projects in Tashkent and Namangan region.

The issue of increasing the volume of jewelry exports was discussed. It was proposed to establish a zero rate of customs duty for export of jewelry made in our country to the United States of America under the GSP system.

The head of state instructed to finalize the presented measures and work out a program for the development of domestic jewelry production for the period up to 2027.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mirzayusup Rustambayev,

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

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

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

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

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

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

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

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

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

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

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

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

Hakim SATTORIY,

Uzbekistan's upcoming elections for the Legislative Chamber of the Oliy Majlis (Parliament) and the Councils of People's Deputies, scheduled for October 27th, are not just a routine event. They mark a significant milestone in the nation's democratic journey, introducing groundbreaking changes that promise to transform the electoral landscape. The recent meeting of the Central Election Commission unveiled several key innovations that will ensure greater efficiency, transparency, and inclusivity, making these elections a matter of global interest.

For the first time in the nation's history, the Legislative Chamber elections will employ a mixed electoral system, combining majoritarian and proportional representation. This change means that voters will elect seventy-five deputies directly, while another seventy-five will be chosen based on party votes. This system aims to create a more balanced and representative legislature, enhancing democratic legitimacy and ensuring a broader spectrum of political voices.

One of the most notable advancements in Uzbekistan's electoral system is the full digitization of election commission activities. The introduction of the 'E-Saylov' information system is a significant leap forward, revolutionizing the election process. This digital platform not only streamlines the process, reducing bureaucracy and document handling, but also ensures a smoother, more efficient, and transparent electoral experience. It automates interactions between election commissions, political parties, candidates, observers, and the media, providing real-time statistical data, candidate information, and interactive maps. This technological leap empowers voters with unprecedented access to essential election-related information, making the electoral process more inclusive and transparent.

Inclusivity is another cornerstone of these elections. New election legislation requires political parties to ensure that at least 40% of their candidates are women, a progressive move towards gender equality in political representation. This requirement not only aligns Uzbekistan with advanced democratic standards but also enriches the political discourse by incorporating diverse perspectives.

The elections are taking place in a context where the updated Constitution has significantly enhanced the powers of parliament and representative bodies. The Legislative Chamber's powers have increased from 5 to 12, and the Senate's from 12 to 18. Parliament's oversight functions over executive, judicial, law enforcement, and special services have also been expanded. Additionally, the leadership of local Councils of People's Deputies by hokims (governors) has been abolished, transferring 33 powers previously held by hokims to local Councils to increase their role in resolving critical state issues.

The slogan "My Choice—My Prosperous Homeland" not only captures the spirit of these elections but also reflects the unwavering commitment of Uzbekistan's leadership to democratic state-building and citizen empowerment. With over 120,000 election commission members, 70,000 citizens, and numerous international observers participating, the elections are set to be a transparent and inclusive process, further demonstrating this commitment.

In conclusion, Uzbekistan is setting a remarkable precedent with its upcoming elections by embracing technological innovation and inclusivity. These initiatives will undoubtedly pave the way for a more prosperous and democratic future, showcasing Uzbekistan’s dedication to advancing democratic principles and practices.

Eldor Tulyakov,

The Executive Director,

Development Strategy Centre (Uzbekistan)

The "Uzbekistan 2030" strategy aims to increase the country's gross domestic product to $160 billion and per capita income to $4,000. Achieving this goal solely through the domestic market is not possible; therefore, it is crucial to actively attract foreign investments and increase exports.
The Tashkent International Investment Forum plays a significant role in this effort. In May 2024, the third edition of the forum took place in Tashkent, becoming a significant event for the economy of Uzbekistan and the international investment community. The main objective of the forum was to enhance the inflow of foreign investments and promote economic cooperation between Uzbekistan and other countries.
The forum attracted business representatives, investors, government officials, and international organizations, facilitating dialogue and the signing of major investment agreements. In recent years, Uzbekistan has demonstrated significant growth in attracting investments, and the forum has been an important step in this direction.
In his welcoming speech, the head of state noted that Uzbekistan has attracted over $60 billion in foreign investments in recent years, with approximately $14 billion coming from international financial institutions. These investments have been directed towards social and infrastructure sectors.
The forum has gained incredible popularity, with over 2,500 participants from 93 countries, providing a platform for global dialogue and exchange of investment experiences.
It is important to highlight that the forum garnered attention from international media, with coverage from more than 110 foreign publications in 30 countries, including leading global media outlets such as CNN, Euronews, London Post, and Associated Press.
One of the key events of the forum was the presentation of regional energy projects (the construction of Kambarata-1 HPP and Yavan HPP) to foreign investors. The presentation involved the Prime Ministers of the Republic of Uzbekistan and the Kyrgyz Republic, emphasizing the importance of these projects for the entire region.
As a result of the Tashkent International Investment Forum, agreements were signed totaling $26.6 billion, indicating the high investment attractiveness of Uzbekistan and the success of the forum. For comparison, in 2022, 167 documents were signed at the forum, amounting to $11 billion, demonstrating a significant increase in investment interest in the country.
Specifically, agreements were reached on the implementation of the following major investment projects:
- Saudi Arabian company "Data Volt" will be involved in the construction of urban infrastructure in "New Tashkent" for $1 billion and will establish a "data processing center" based on green technologies for $3 billion.
- Saudi Arabian company "ACWA Power" will implement projects for the construction of a 5 GW wind power plant in the Republic of Karakalpakstan and the creation of 2 GW energy storage devices, with a total investment of $6.2 billion.
- UAE company "Amea Power" will carry out a project to build a 1000 MW wind power plant in the Republic of Karakalpakstan for $1.1 billion.
- "Saudi Tabrid" will undertake the modernization of the heating systems in Nukus, Fergana, and Kuvasay for $750 million.
- Egyptian company "Nile Sugar" will engage in sugar beet cultivation and sugar production in the Jizzakh region for $500 million.
- Chinese company "Shanghai Knud International" will implement a project for the production of textile and sewing products in the Namangan region for $205 million.
- "Wilmar International" (Singapore) will produce food products and confectionery in the Tashkent region for $200 million.
Additionally, agreements were reached with several major global companies, such as "Orascom Investment" (Egypt), "Bonafarm Grup" (Hungary), "Sayar" (USA), "Goldwind," "Sinoma" (China), "Sam Yapi" (Türkiye), "Pasha Development" (Azerbaijan), "Lasselsberger" (Austria), and "Petrosat Chexelsoton" (Iran), for the implementation of new investment projects totaling $6.6 billion.
The event included a rich program of panel sessions, discussions, business breakfasts, and roundtable discussions, focusing on key aspects of economic development. The central theme revolved around the role of the state, investors, and entrepreneurs in supporting small and medium-sized businesses.
During the session on combating corruption, experts emphasized that effective anti-corruption measures are crucial for improving the investment climate. They highlighted that creating a safe and transparent business environment plays a vital role in this process.
"The successful fight against corruption requires a comprehensive approach, including strengthening legislation and increasing the transparency of government actions," stated Akmal Burkhanov, Director of the Anti-Corruption Agency of the Republic of Uzbekistan.
The session on retail trade identified the main challenges and opportunities in the industry. Participants expressed the need for improving tax legislation and simplifying import procedures. They also emphasized the importance of creating conditions for successful adaptation of new brands in the market.
"Thanks to the resolution on reducing customs duties, we have managed to establish fair prices, as in the UK and Kazakhstan," shared Ilya Lyapustin, Sales and Marketing Director of "Tashkent City Mall."
During the business breakfast dedicated to women entrepreneurship, the significant impact of women entrepreneurs on society was emphasized. Speakers presented inspiring examples and strategies for achieving a balance between profitability and social responsibility.
Special attention was given to attracting foreign investments through residency programs.
"In recent years, Uzbekistan has proven itself as an attractive destination for global investors due to its openness to cooperation and prospects in the real estate sector," stated Akram Mukhamatkulov, representative of Henley & Partners.
The roundtable discussion on "Supply Chains and Resilience: Finding Balance in Uncertain Times" addressed the problems and strategies for ensuring the resilience of global supply chains.
"Turkey and Uzbekistan have a strategic partnership, and we can significantly strengthen cooperation by working together," noted Deputy Minister of Trade of Turkey, Sezai Ucharmak.
Experts also emphasized the importance of integrating digital technologies into investment strategies. They highlighted that digitization is not just the future but already a reality, playing a key role in accelerating investment processes and increasing transparency.
The pitch session "IT-PARK Uzbekistan: New Perspectives for Development" presented plans to transform Uzbekistan into a regional hub for information technology by 2030.
Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan, highlighted the significance of recent investments. "Yesterday, we witnessed an important event - the start of the construction of the $5 billion green data center, Data Volt, a major project of direct foreign investment. We are creating a favorable environment for IT companies and launching the 'Zero Risk' program to cover all risks associated with opening and operating offices in Uzbekistan," he noted.
The roundtable discussion on "Connectivity: Reviving the Great Silk Road" brought together international experts and representatives of government bodies to explore opportunities for expanding connections, economic cooperation, and cultural exchange along the ancient Silk Road routes.
The roundtable discussion on "Integrated Urban Planning: Quality Investments, Environmental and Human Comfort" involved leading urban planners, architects, and business representatives discussing approaches to the development of the city of Tashkent. In particular, Vladislav Butenko, Managing Director and Senior Partner at BCG, emphasized the importance of integrating innovative solutions into urban planning to achieve sustainable city development. He stressed the need to consider both economic and social aspects in comprehensive planning, ensuring a balance between them.
The forum played a significant role in attracting investments for various ministries and regions of Uzbekistan. The signed agreements indicate the development of key sectors such as industry, energy, pharmaceuticals, and automotive manufacturing.
One of the major achievements of the forum was the agreement between the Ministry of Digital Technologies, the Ministry of Energy, and IT company Data Volt on the construction of a data center based on green technologies. Experts highlighted the importance of such projects for Uzbekistan. The signing ceremony was attended by Laziz Kudratov, Minister of Investment, Industry, and Trade, and Rajit Nanda, Director of Data Volt.
The third Tashkent International Investment Forum has concluded, but the planned initiatives and signed agreements promise active work in attracting investments and ensuring sustainable development. Uzbekistan has once again confirmed its role as a strategic partner on the international stage, attracting the attention of global investors and contributing to the economic growth of the region.

Tengiz Asanov,
Deputy Head of the Department of the Ministry of Investment, Industry and Trade of Uzbekistan

The formula of "comprehensive strategic partnership" in relations between Uzbekistan and Türkiye has in recent years ceased to be merely a diplomatic definition and increasingly reflects the actual substance of bilateral cooperation. Political dialogue, economic collaboration, humanitarian contacts, and transport connectivity form the stable pillars of systemic Uzbek-Turkish relations.

Analysis of the current state of partnership between the two countries confirms that Tashkent and Ankara have successfully established an institutional architecture for comprehensive strategic partnership. The key mechanism of bilateral interaction is the High-Level Strategic Cooperation Council co-chaired by the presidents of both states, with its fourth meeting scheduled for 2026. This format ensures systematic political dialogue and coordination of joint efforts across a broad spectrum of areas.

An important factor in the effective functioning of this institutional system is the active and trusting dialogue between Presidents Shavkat Mirziyoyev and Recep Tayyip Erdoğan, maintained through regular telephone conversations and meetings on the sidelines of international events. Such dynamics impart a personal dimension to strategic interaction and create a favorable environment for deepening practical cooperation at the levels of governments, businesses, and expert communities of both countries.

Uzbek-Turkish relations gain an additional dimension through cooperation within the Organization of Turkic States (OTS). The participation of Tashkent and Ankara in this organization's activities allows bilateral initiatives to be elevated to a broader regional level and to find synergy with other countries of the Turkic world. OTS summits, including those held in 2025, have demonstrated participants' commitment to giving practical substance to cooperation from economy and transport to culture and digital development.

For Uzbekistan and Türkiye, this creates opportunities for advancing joint projects, harmonizing approaches to the regional agenda, and strengthening their positions in a broader geopolitical space.

Uzbek-Turkish cooperation carries significant regional and international dimensions. During a meeting in the "4+4" format in January 2026, the parties discussed regional and international issues, including the situations in Afghanistan, Gaza, Ukraine, and Syria. This demonstrates the two states' intention to coordinate their positions on key items of the international agenda.

Against the backdrop of strengthening political understanding and institutional consolidation of Uzbek-Turkish partnership, the economic component of bilateral relations acquires particular importance, becoming a key driver for their further development.

Trade and economic cooperation between Uzbekistan and Türkiye has demonstrated consistent progress in recent years. The target of raising bilateral trade turnover to USD 5 billion in the medium term and to USD 10 billion in the longer term remains relevant and reflects the potential of bilateral ties. Trade volume in 2025 exceeded USD 3 billion, indicating significant progress compared to figures from eight years prior.

Particularly noteworthy is the structure of economic interaction. The relationship involves not only trade but also the formation of a stable investment presence. By the end of 2025, more than 2,100 enterprises with Turkish capital participation were operating in the country a testament to the establishment of a sustainable Turkish business ecosystem in Uzbekistan and one of the highest figures among Uzbekistan's foreign partners. The dynamics of direct investment from Türkiye clearly confirm the progressive strengthening of this area of cooperation: USD 2.2 billion was invested in Uzbekistan in 2024, and USD 2.9 billion during January–October 2025.

The parties are conducting systematic work to expand economic cooperation. In particular, during the 4th meeting of the Joint Strategic Planning Group held on January 21, 2026, progress was noted in implementing the Action Plan of the 8th meeting of the Joint Economic Commission (JEC). The key role of the JEC as an effective mechanism for developing practical trade and economic cooperation between Uzbekistan and Türkiye was emphasized.

For Uzbekistan, cooperation with Türkiye is valuable in that Turkish businesses bring not only capital but also managerial expertise, technologies, and production culture. For Türkiye, the Uzbek market is attractive as a dynamically developing economy with a population exceeding 38 million and growing domestic demand. In this sense, interaction increasingly takes on the character of mutual complementarity.

One of the notable trends of 2025 was the development of transport connectivity between the two countries, primarily in the aviation sector. The number of weekly flights reached 97, with routes expanding to 8 destinations. The broadening of geography and frequency of direct flights between Tashkent, Samarkand, Namangan, Andijan, Ankara, Istanbul, and Izmir promotes growth in business mobility, tourist flows, and humanitarian contacts. The launch of new routes by both national and private carriers became an important practical step toward further rapprochement.

The increase in flight numbers offers not only passenger convenience but also broader economic effects. It facilitates contacts between entrepreneurs, simplifies participation in exhibitions and negotiations, and makes accompanying joint projects more accessible. Prospectively, this also creates prerequisites for developing air cargo transportation, which could further strengthen trade and economic ties.

Energy cooperation also demonstrates positive dynamics. Turkish companies are actively participating in modernizing Uzbekistan's energy infrastructure, including projects for developing renewable energy sources.

Particular emphasis must be placed on the special role of cultural and humanitarian interaction in developing bilateral relations. Common historical, cultural, and linguistic roots create a favorable foundation for expanding cooperation in education, science, culture, and tourism. Branches of leading Turkish universities operate in Uzbekistan, joint educational programs are implemented, and student and faculty exchanges take place.

Tourist exchange between the two countries shows sustained growth. By the end of 2025, Türkiye entered the top five countries by number of tourists visiting Uzbekistan. In turn, Türkiye remains one of the most popular tourist destinations for Uzbek citizens. Development of tourism ties contributes to strengthening intercultural dialogue and people-to-people diplomacy.

These figures reflect not only the attractiveness of the Turkish tourism market but also the general expansion of population mobility. In the long term, it is precisely cultural and humanitarian ties that form the solid social foundation of bilateral partnership.

Analysis of 2025 dynamics allows identification of several directions that could become key to further deepening Uzbek-Turkish partnership:

First, development of industrial cooperation. The existing network of joint enterprises could become the basis for more complex projects oriented not only toward the domestic market but also toward exports to third countries. Such an approach corresponds to the strategic objectives of both economies.

Second, transport, logistics, and infrastructure. Expansion of air connectivity is an important step, but the potential for cooperation in this sphere is significantly broader and includes development of multimodal transportation, warehousing infrastructure, and digital trade solutions.

Third, services and human capital. Türkiye possesses considerable expertise in tourism, medicine, construction, and education. For Uzbekistan, interaction in these areas opens opportunities not only for adopting experience but also for jointly entering regional markets.

Uzbek-Turkish relations are developing on a positive and constructive basis, confirming the maturity and stability of bilateral interaction. The parties demonstrate readiness for dialogue, pragmatism, and a commitment to considering mutual interests. The growing number of joint enterprises, expanding transport links, increasing tourist flows, and stable political dialogue form a solid foundation for further development of cooperation.

Alisher Kadirov,

Head of Department of the Institute of Strategic and Regional Studies under the President of the Republic of Uzbekistan