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

On October 15–16, 2025, the city of Fergana will host the inaugural session of the Fergana Peace Forum under the theme: “The Fergana Valley: Uniting Efforts for Peace and Progress.”

Organized by the Institute for Strategic and Regional Studies (ISRS) under the President of the Republic of Uzbekistan, in partnership with colleagues from Kyrgyzstan and Tajikistan, and supported by national and international organizations, this unique large-scale event will bring together leading experts, researchers, public figures, and representatives of international organizations. Their goal is to discuss the prospects for the development of one of Central Asia’s most densely populated and culturally rich regions — the Fergana Valley.

Experts from prominent think tanks across the CIS, Asia, Europe, and the Americas, alongside academics, business leaders, civil society representatives, and youth leaders from the region, will convene in one place. High-level delegates from international bodies such as the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Conference on Interaction and Confidence-Building Measures in Asia (CICA), the European Union, and the Organization for Security and Co-operation in Europe (OSCE) are also expected to participate. Renowned peacebuilding organizations including the Berghof Foundation (Germany), the Martti Ahtisaari Peace Foundation (Finland), PeaceNexus (Switzerland), and the Stockholm International Peace Research Institute (SIPRI) will be among the invited guests.

More than 300 participants will attend the Forum, including around 150 from Central Asia and over 50 from the CIS, Asia, Europe, and the Americas.

Experts believe the Forum will reinforce the vision expressed by Uzbekistan’s President Shavkat Mirziyoyev at the 80th session of the UN General Assembly — the transformation of Central Asia into a space of peace, good neighborliness, and partnership.

         As President Mirziyoyev has noted, the region is entering the era of New Central Asia. The days of closed borders, unresolved disputes, and conflicts are becoming a thing of the past. Thanks to growing cohesion, stability, and an emerging shared identity, Central Asia is increasingly recognized as an independent and influential actor on the global stage.

         The choice of the Fergana Valley as the Forum’s venue is symbolic. This unique region is where the lifelines of Uzbekistan, Kyrgyzstan, and Tajikistan intersect. The established atmosphere of trust, dialogue, and cooperation between these countries exemplifies the good-neighborly policy championed by President Mirziyoyev.

Historical records mention the ancient Fergana state of Davan, especially the cities of Aksikent and Mingtepa, which were famed for their fertile lands, strong defenses, and prized horses. These are documented in Chinese chronicles from the late 2nd century BCE. By medieval times, the valley was one of the leading regions of Mawarannahr (Transoxiana). Archaeological remains from the Bronze Age, Early Iron Age, and medieval periods testify to the valley’s role as a cradle of multiple civilizations.

The Han dynasty historian Sima Qian wrote: “The people live on the land, tilling fields and growing rice and wheat. They live in houses and fortified cities; there are about seventy or more cities of various sizes in this region.” Medieval Arab geographers described Fergana as a land dotted with many cities and villages, surrounded by steppes and mountains, where both urban life and pastoralism thrived.

Cities such as Kokand, Khujand, Osh, and Margilan were centuries-old centers of craftsmanship, trade, and learning. Caravans of the Great Silk Road passed through here; some of the earliest madrasahs were established in the valley. The region became a crossroads for ideas from Persia, China, India, and the Arab world.

         Situated at the intersection of Hellenistic, Bactrian, Parthian, Chinese, and Islamic civilizations, the Fergana Valley is a unique hub of cultural exchange — a legacy evident today in its languages, traditions, cuisine, and architecture.

Experts agree that the peoples of the Fergana Valley form a unified historical and civilizational community — a reality forged over centuries of political, economic, and humanitarian interaction.

The Fergana Valley is living proof that the coexistence of diverse cultures is not only possible but also fruitful. Here, traditions are preserved while new forms of cooperation continuously emerge, from joint celebrations to cross-border initiatives. The region has effectively become a laboratory for cultural convergence, where the ideals of inter-civilizational dialogue are actively realized.

With its rich heritage, dense population, and vast economic potential, the Fergana Valley requires special attention to sustainable development, environmental security, and cross-border cooperation.

Coordinated action and open dialogue are essential here — to foster peace, mutual trust, and progress. The Forum’s agenda addresses a wide range of issues:

• Strengthening regional dialogue and trust;
• Jointly ensuring stability and sustainable development;
• Unlocking the valley’s economic and investment potential;
• Promoting cultural and humanitarian ties;
• Increasing the involvement of civil society, youth, and the private sector in transformation processes.

Special focus will be placed on turning challenges into opportunities and establishing regional cooperation as a firm foundation for peace and prosperity.

The maturity of the Fergana Valley is reflected in its shared historical and cultural foundation, which allows the countries in the region to build dialogue on existing trust rather than starting from zero.

Today, the Fergana Valley is more than a historical symbol — it is a strategic region for sustainable development and economic cooperation. Joint transport and energy projects, cross-border markets, and digital initiatives are driving dynamic growth.

The Fergana Peace Forum is poised to become not just a discussion platform but an ongoing mechanism for generating ideas, uniting efforts, and advancing projects for the benefit of the entire region.

Organizers highlight that the example of the Fergana Valley could serve as a model for post-conflict regions worldwide, where political stabilization must be accompanied by deep cultural and humanitarian work. Real mechanisms of cooperation are being forged here, grounded in a shared historical and cultural legacy that supports peace and development.

Among the anticipated outcomes of the Forum is the adoption of a Communiqué calling for the establishment of a unified space of friendship, good neighborliness, and sustainable development in the Fergana Valley.

Preparatory discussions have already confirmed that the Fergana Valley is a place where the past inspires, the present unites, and the future is built on values of peace and cooperation.

In a world where conflict has become commonplace and the international community searches for new models of sustainable coexistence, the Fergana Peace Forum offers one clear answer: peace begins with trust, and trust begins with open dialogue.

Fergana is not just a point on the map — it is a space where respect becomes the language of communication, friendship forms the foundation of neighborliness, and cultural diversity is a source of unity.

Dr. Alisher Sabirov, Doctor of Historical Sciences,
Professor, Nizami National Pedagogical University, Uzbekistan;
Adjunct Associate Professor, Shaanxi Normal University, People’s Republic of China

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

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.

During a telephone conversation between President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the European Council António Costa on January 23, topical issues on the bilateral and regional agenda were discussed.

The President of Uzbekistan sincerely congratulated António Costa on his election as the head of the European Council and wished him great success.

It was noted with deep satisfaction that the Uzbek-European multifaceted cooperation has reached the highest level in recent years and continues to develop dynamically in all priority dimensions.

Active contacts and exchanges at different levels have been carried out. In 2024, Uzbekistan's trade turnover with the EU countries exceeded 6 billion euros, the portfolio of projects with European companies reached 30 billion euros.

Last year, an agreement on strategic partnership in the field of critical mineral resources was signed. There is fruitful cooperation in transportation and digital interconnectivity, green economy, culture and other areas.

Confidence was expressed in the early signing of the Enhanced Partnership and Cooperation Agreement between the Republic of Uzbekistan and the European Union, which will give a serious impetus to the development of the entire range of relations.

The Uzbek leader and the head of the European Council also exchanged views on the international agenda and regional cooperation. Joint plans to prepare and hold the first “Central Asia-EU” summit in the city of Samarkand in April this year were discussed.

Ahead of the second meeting of the Termez Dialogue on Connectivity between Central and South Asia, a landmark event for interregional integration scheduled for June 4–6, Akramjon Ne’matov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan, answered questions from Dunyo IA.

— Akramjon Ilhomovich, the second meeting within the framework of the Termez Dialogue will begin in the coming days. What is on the agenda of this forum, and what are its key priorities? Most observers primarily associate this process with economic issues — railways, energy infrastructure, and transit trade. Is this the core essence of connectivity?

— Undoubtedly, the economy is one of the key components. Economic cooperation creates tangible shared interests that bind states together, generates mutual benefits, and serves as the foundation for the prosperity and growth of our peoples. Naturally, when we speak about transregional connectivity, logistics, trade, transport corridors, energy, and infrastructure constitute the essential and tangible foundation of this process.

However, connectivity cannot be measured solely in economic terms. Our agenda is far broader, and our objectives are far more ambitious. We are speaking about the creation of a common space of trust, sustainable development, and indivisible security across the vast Eurasian continent.

That is precisely why the agenda of the Termez Dialogue is so comprehensive and why its composition of participants is highly inclusive. This year’s meeting is being organized in partnership with the Conference on Interaction and Confidence Building Measures in Asia (CICA). This is no coincidence, as CICA’s core mission has always been to strengthen confidence-building measures across Asia. The dialogue is also being actively supported by the United Nations Regional Centre for Preventive Diplomacy for Central Asia (UNRCCA) and the United Nations Assistance Mission in Afghanistan (UNAMA).

Although Central and South Asia remain at the geographic core of the discussions, countries from across the Eurasian space and beyond are full-fledged participants and stakeholders in this dialogue, as clearly evidenced by the delegations arriving from Azerbaijan, China, Germany, Qatar, Russia, Switzerland, Türkiye, the United Kingdom, the United States, and many other countries.

It is important to emphasize that the Termez Dialogue itself represents a practical embodiment of President Shavkat Mirziyoyev’s global initiative aimed at strengthening connectivity between Central and South Asia. This strategic vision received unanimous international support and was formally enshrined in a special United Nations General Assembly resolution adopted in 2022. The significance of this resolution can hardly be overstated: it established a long-term international legal framework for transregional rapprochement and recognized it as a key factor for sustainable development. More broadly, this step clearly reflects our President’s far-sighted strategic approach, which is based on the consistent development of interstate relations grounded in mutual benefit, genuine good-neighborliness, and preventive peacebuilding.

The dialogue is also co-organized by respected peacebuilding organizations, political foundations, and leading academic institutions. Among them are the Konrad Adenauer Foundation, the Berghof Foundation (Germany), PeaceNexus (Switzerland), Search for Common Ground (United States), as well as the renowned Georgetown University. Our shared objective is to establish a genuinely inclusive multilateral platform for comprehensive and open dialogue.

— What does the programme of the upcoming dialogue include? Will it be limited solely to official plenary sessions?

— Our dialogue is a large-scale three-day forum, and its programme extends far beyond traditional plenary sessions. We seek to combine profound theoretical discussion with practical outcomes.

In addition to the main sessions, the programme includes a wide range of important side events.

In particular, the forum will host a series of expert and academic discussions devoted to cooperation between the countries of Central Asia and Afghanistan, the development of dialogue within the Afghanistan–Uzbekistan–Pakistan dialogue format, issues of regional identity in Central Asia, as well as the promotion of youth dialogue on peacebuilding and sustainable development.

The primary purpose of these discussions is to mobilize intellectual and analytical expertise in support of a constructive cooperation agenda, deeper mutual understanding, and the establishment of long-term mechanisms for regional interaction.

Moreover, the programme includes on-site sessions. Participants of the dialogue will travel to Termez to familiarize themselves firsthand with the modern infrastructure facilitating trade, economic, and logistics cooperation with South Asian countries, including the activities of the Ayrtom International Trade Center and the Termez Cargo Center international logistics hub, while also experiencing the rich cultural and historical heritage of this ancient city.

The third day of the dialogue will take place in Samarkand, where delegates will explore the unique civilizational legacy of the Renaissance of Samarkand, which historically served as a bridge between East and West, North and South.

— How exactly is economic growth connected with stability and security? Is this purely a matter of business calculation, or do economic projects represent something greater?

— Absolutely, it represents something far greater. We are speaking about the formation of long-term strategic common interests. Large-scale cross-border projects are designed to firmly connect regions and deepen their interdependence. When countries become economically invested in joint creation and development, conflict ceases to serve the interests of any participant.

Moreover, sustainable economic growth removes the social foundations of destructive phenomena such as poverty, unemployment, and social marginalization, which have traditionally served as the principal fuel for radicalism and instability. Economic development addresses the root causes of challenges rather than merely dealing with their consequences.

Take, for example, the Trans-Afghan Railway Corridor project — “Termez–Mazar-i-Sharif–Kabul–Naibabad–Kharlachi”. For the countries of Central Asia, it provides the shortest route to the ports of the Indian Ocean, reducing logistics costs by 30–40 percent. For Pakistan and South Asia, it creates direct access to the resources and markets of our region.

This project will serve as a powerful driver for the development of adjacent sectors of the economy, creating new jobs, generating budget revenues, and opening the path toward accelerated technological advancement. Most importantly, however, this corridor integrates Afghanistan into the processes of peaceful and constructive development.

Thus, the Trans-Afghan railway is not merely a commercial or engineering project — it is a highly effective peacebuilding instrument that creates long-term economic incentives for peace on Afghan soil. The same principle applies to other major cross-border initiatives such as CASA-1000 and the TAPI gas pipeline. Their greatest value lies in the fact that they create a shared and indivisible interest among all parties in maintaining long-term peace and stability across the region.

— What role do the shared ecosystem and climate change issues play on the agenda? Central and South Asia are facing enormous pressure from environmental challenges.

— This is one of the most important and sensitive issues. Nature and our shared ecosystem most clearly demonstrate the inseparable link between our regions and the vital necessity of collective responses to common challenges.

Climate change illustrates how closely interconnected water security, food security, energy security, transport systems, and human livelihoods truly are. When the glaciers of the Pamirs and Tien Shan melt, this directly affects water supply and agriculture in both Central and South Asia.

Droughts and extreme weather events are our common challenges, requiring exclusively joint responses, because they directly affect the existential foundations of life for hundreds of millions of people and shape the trajectory of our sustainable development.

That is why the agenda of the dialogue includes issues related to joint adaptation and environmental sustainability. We are convinced that effective solutions cannot consist of isolated national measures; they must have a transboundary character.

We are actively engaged in this area. In particular, our Afghan partners are permanent participants in the water dialogue organized by Uzbekistan and Central Asia as a whole. Afghan delegations have actively participated in Tashkent Water Week, conferences on water diplomacy, and other regional environmental forums.

There is an ongoing joint search for mutually acceptable and equitable solutions in the sphere of shared water resource management, because nature does not recognize political borders. Today, we increasingly see that issues which could potentially become sources of tension, when approached properly, can instead provide the foundation for mutually beneficial cooperation.

The growing awareness of our shared environmental threats is becoming a powerful driver of our collective constructive efforts.

— What place do culture and the humanitarian dimension occupy within this large-scale transregional framework? How important are they?

— I would answer this way: they constitute our principal and foundational direction. Although we began our conversation with economics, infrastructure, and climate issues, I am convinced that cultural and humanitarian connectivity must come first. Economy and logistics form the skeleton, but culture and shared historical memory are the soul and heart of our integration.

It is important to understand that our countries share a common space of cultural, historical, and civilizational development. We are not building bridges of trust from scratch — this foundation was formed over centuries.

The Termez Dialogue itself is named after the ancient city of Termez, which for millennia served as a gateway for civilizational exchange between Central and South Asia.

On this land, the destinies and traditions of great empires became intertwined — beginning with Sogdiana, ancient Bactria, and the Achaemenid state, and continuing through the era of the Greco-Bactrian Kingdom, where a unique synthesis of Eastern and Hellenistic cultures emerged.

This was followed by the Kushan Empire, which presented the world with one of the earliest examples of comprehensive interregional integration and transformed Termez into a key hub of the Great Silk Road.

During the Middle Ages, the Turkic Khaganates acted as reliable guarantors of the security of trans-Eurasian trade routes, while the Ghaznavid dynasty created a powerful bridge of statehood linking the high culture of Mawarannahr with the plains of Hindustan.

Finally, the Timurid era and the Mughal Empire founded by Babur became the ultimate culmination of this synthesis. The architectural masterpieces of Samarkand and Bukhara found direct reflection in the majestic ensembles of Delhi, Agra, and Lahore, while a unified cultural layer emerged at the intersection of Old Uzbek, Persian, and Sanskrit languages. Its musical and poetic traditions continue to live within the cultural memory of our peoples to this day.

For centuries, this macro-region developed as a sacred crossroads of world religions. Bactria was one of the cradles of Zoroastrianism. From here, Buddhism spread through Afghanistan to the north and east — the Buddhist monasteries of Fayaztepa and Karatepa in Termez still preserve the memory of this spiritual bridge.

Nestorian Christianity, Tengrianism with its profound ecological philosophy of harmony between humanity and nature, and, of course, Islam — which absorbed the great heritage of religious tolerance and gave rise to the phenomenon of the Eastern Renaissance — all coexisted peacefully in this region.

All of this shaped a unique and resilient culture that has not disappeared but continues to live within our daily practices, thoughts, and traditions.

However, this heritage cannot survive in collective memory on its own — it must constantly be revived and recreated. History is an ongoing act of retelling, and our key task is to restore this great historical truth to active public consciousness.

I am deeply convinced that awareness of this shared heritage will significantly strengthen our collective responsibility for preserving peace and stability.

— But why does this heritage seem forgotten today?

— Unfortunately, over the past century and a half, this historical memory was systematically and deliberately erased from our consciousness.

We were artificially subjected to the destructive colonial stereotype of the “Great Game,” along with the false notion that our regions are doomed to perpetual fragmentation, geopolitical rivalry among external powers, and endless conflict.

To a considerable extent, we still remain under the influence of this harmful stereotype, perceiving Afghanistan exclusively through the prism of threats, while viewing South Asia as something distant, alien, and insecure.

But we are not standing on barren ruins. Our shared history remains alive.

Reviving this historical memory, developing profound expert discourse, and restoring awareness of our shared civilizational greatness represent an enormous historical responsibility borne by today’s generations and political elites. This is precisely one of the principal existential objectives of the Termez Dialogue.

When citizens, intellectuals, and leaders in Tashkent, Delhi, Islamabad, and Kabul begin to see one another not merely as business counterparts, but as heirs to a common cultural code, an entirely new level of trust will emerge.

This sense of belonging to a shared heritage will become the most reliable internal safeguard against any attempts by external actors to destabilize the region or exploit regional contradictions.

The awareness of the indivisibility of our shared destiny will compel nations to choose a constructive agenda without alternative and to reject war once and for all.

Ahead of the Tashkent round of the Termez Dialogue, it is becoming increasingly evident that Uzbekistan is offering the international community a fundamentally different and deeply thought-out philosophy of integration.

This is not merely a technocratic approach to building railways or laying power transmission lines. It is a doctrine in which physical infrastructure serves only as the material embodiment of strong invisible ties rooted in a shared history.

Once this fundamental sense of responsibility and belonging is established, trade routes, investment flows, and climate initiatives will function naturally and sustainably, because the economy will become a logical continuation of mutual civilizational affinity.

The Termez Dialogue is returning to the peoples of Asia their own history, reminding them of what must be cherished and for the sake of what great future peace and stability must be preserved on this sacred land.

Dunyo IA

Amid growing water scarcity and climate instability in Central Asia, Uzbekistan and Finland are implementing a unique form of scientific cooperation that combines digital innovation with sustainable water resource management.

In 2021, the Ministry of Mining Industry and Geology of the Republic of Uzbekistan and the Geological Survey of Finland (GTK) signed a Memorandum of Understanding aimed at the rational development of natural resources through advanced technologies. Today, this project stands as an example of scientific diplomacy that unites European expertise with Uzbekistan’s potential.

From Paper Maps to Digital Models.

For many years, hydrogeological maps of Uzbekistan existed only in paper form. Within the framework of the joint project, they were digitized using the ArcGIS platform, creating a unified national groundwater database. This digital transformation enables specialists to monitor aquifer conditions, analyze water balances, and forecast the impacts of climate change.

Finnish experts conducted a series of training programs for Uzbek specialists, introducing modern methods of digital mapping and data processing. This strengthened the professional capacity of the sector and laid the foundation for scientifically grounded and transparent water resource management.

Scientific Practice: Experimental Site in Akhangaran.

An experimental site was established in the Akhangaran district of the Tashkent region, where joint research teams conducted geophysical studies and developed digital models of groundwater flow. The obtained data help predict groundwater levels, plan water supply systems, and identify areas vulnerable to drought.

The use of the MODFLOW software package made it possible to create models that provide scientifically based solutions for water resource allocation — particularly important for regions with limited water reserves.

European Partnership for Climate Resilience.

Cooperation with Finland is part of a broader European agenda aimed at supporting climate adaptation and sustainable development in Central Asia. By combining European technologies with Uzbekistan’s scientific resources, the project demonstrates how international partnerships can strengthen ecological security and water stability.

The results of the joint work were published in the journal Water (Scopus) under the title “Assessing Climate Change Impacts on Groundwater Recharge and Storage Using MODFLOW in the Akhangaran River Alluvial Aquifer, Eastern Uzbekistan.”

Furthermore, new areas of cooperation have opened — with the University of Padua (Italy) in geological risk monitoring, and with the Belarusian Scientific and Production Center for Geology in groundwater observation.

Looking Ahead.

The joint project between Uzbekistan and Finland is more than a transfer of technology — it represents a step toward creating a new culture of rational water use and responsible climate action. The establishment of a national digital hydrogeological database will become a key element in the country’s environmentally sustainable development.

As Europe and Central Asia continue to strengthen cooperation in water, energy, and climate, the Uzbek-Finnish project serves as a model of how scientific initiatives can deliver tangible environmental and social benefits.

The current stage of global economic development is characterized by a large-scale transformation of international supply chains and growing geopolitical uncertainty. In this context, transport connectivity is becoming a key factor in ensuring economic security and sustainable development.

These processes are particularly relevant for the countries of Eurasia. Comprehensive transport and logistics cooperation between the Russian Federation and the Republic of Uzbekistan, which serve as key links in the new transit corridor architecture, is of strategic importance here.

Russian-Uzbek cooperation is demonstrating stable positive dynamics. By the end of 2025, the total volume of freight traffic between the countries reached 18.2 million tons, an increase of 13.6 percent compared to the previous year. Exports accounted for 3.6 million tons, imports for 9.2 million tons, and transit for 5.4 million tons.

Rail transport traditionally forms the bulk of freight turnover. In 2025, volumes reached 12.9 million tonnes, representing a 12.3 percent increase compared to the previous year, while transit traffic increased by almost 15 percent to 4.8 million tonnes.

The development of strategic industrial cooperation has become an important stage of cooperation. Specifically, a large-scale project to transfer the Tashkent Passenger Carriage Construction and Repair Plant to the trust management of Transmashholding JSC is being implemented. The signed agreements provide for the complete modernization of the plant by the end of 2026, with the prospect of its phased privatization.

In terms of passenger rail transportation, service has been fully restored on the Tashkent-Moscow and Tashkent-Kazan routes. The launch of train service from Andijan to Moscow and the establishment of direct rail service between the two countries' tourist centers are currently on the agenda.

The development of road transportation also remains an important area of ​​cooperation. By the end of 2025, the volume of road freight transport exceeded 5.2 million tons, representing a 16.5% increase. At the same time, passenger bus service continues to develop. Regular bus services have been established from Tashkent to Novosibirsk, Kazan, Perm, Krasnodar, Ufa, Moscow, and St. Petersburg.

Routes to Nizhny Novgorod, Tyumen, and Yekaterinburg are planned for 2026–2028. To improve service quality, unified service standards, monitoring systems, and digital services, including electronic ticket booking, are being implemented.

Significant results have also been achieved in aviation services. In 2025, more than 34,000 bilateral flights were operated, representing a 4.8% increase, carrying over 4.2 million passengers. Currently, flights operate at a frequency of 340 per week, involving over 45 Russian airlines and leading Uzbek carriers (Uzbekistan Airways, Qanot Sharq, Panorama Airways, and My Freighter).

A breakthrough was reached in June 2025 in Moscow by aviation authorities. The parties agreed to increase the frequency to 1,000 scheduled flights per week. If these quotas are fully utilized, the annual passenger capacity will exceed 16 million passengers. The most significant area of ​​cooperation is the joint development of new international transport corridors, the key one being the multimodal corridor "Belarus – Russia – Kazakhstan – Uzbekistan – Afghanistan – Pakistan." The project was initiated by the signing of a memorandum on the development of this corridor in 2023 at the first SCO Transport Forum.

In April 2024, the first meeting of the working group was held in Termez, where the parties signed a roadmap providing for the analysis of cargo flows, the implementation of electronic digital documents, and the optimization of customs procedures. After Pakistan joined the memorandum, a number of additional meetings of the working group were held throughout 2025, during which tariff conditions, logistics solutions, and the organization of test container shipments along the route were agreed upon.

This transport corridor has the potential to become one of the most important routes in the Eurasian space, providing direct transport and logistics links between the Union State of Belarus and Russia, the countries of Central Asia, and the markets of South Asia.

Russian-Uzbek cooperation in transport and logistics has become a full-scale strategic partnership. The synchronized development of all modes of transport, deep industrial cooperation, and the joint development of new transit routes form a reliable framework for Eurasian connectivity, capable of ensuring economic growth throughout Greater Eurasia.

Leading specialists of the Center for the Study of Transport and Logistics Development Problems under the Ministry of Transport of the Republic of Uzbekistan, Sh. Akhmedov and M. Tohirov

In recent years, the deepening cooperation between Uzbekistan and Pakistan has emerged as a significant new strategic direction across Eurasia. Two countries standing at the historic crossroads of ancient trade routes are now consistently building a modern “architecture of connectivity” that permeates all key areas, including the economy, culture, education, and technology. Their shared centuries-old historical roots, dating back to the era of the Great Silk Road, are being transformed into concrete projects and initiatives capable of strengthening economic resilience, ensuring technological independence, and creating a solid foundation for regional integration.

Since the early 2020s, relations between Tashkent and Islamabad have been developing steadily, largely driven by the strong political will of the leaders of both countries. The Joint Declaration on Strategic Partnership between the Republic of Uzbekistan and the Islamic Republic of Pakistan, signed in 2021, set a high pace for bilateral dialogue, opening a new chapter in the history of relations. Regular meetings at the highest level, active consultations between the foreign ministries, and engagement within international forums make it possible to address pressing issues in a timely manner, identify mutually acceptable solutions, and explore promising areas of cooperation.

A vivid confirmation of the strengthening bilateral ties was the official visit of the Pakistan’s Prime Minister Shehbaz Sharif to Uzbekistan in February 2025 and his meeting with President Shavkat Mirziyoyev. The leaders of both countries expressed deep satisfaction with the impressive dynamics of multifaceted cooperation encompassing the economy, investment, transport, digital technologies, and cultural and humanitarian exchanges.

Admiring the achievements of Uzbekistan’s large-scale reforms under the Presidency of Shavkat Mirziyoyev, Shehbaz Sharif stated that “miracles are possible only through a clear vision, high dynamism, hard work, and a resolute pursuit of a common goal.”

The culmination of the Prime Minister’s visit was the establishment of the High-Level Strategic Partnership Council, which imparted a new strategic impetus to bilateral relations. This step not only consolidated the prior agreements but also created a strong institutional platform for systematic cooperation.

The legislative framework of bilateral cooperation plays a key role in strengthening strategic interaction between Uzbekistan and Pakistan. A special contribution in this regard is made by inter-parliamentary friendship groups, which consistently promote legislative initiatives aimed at simplifying business procedures, increasing transparency, and creating a reliable legal environment for the implementation of joint projects. Their work forms a long-term platform of trust that ensures stability and predictability in bilateral relations.

The economic sector, in turn, serves as the most visible indicator of cooperation dynamics. Pakistan confidently ranks among Uzbekistan’s leading trade partners in South Asia, demonstrating strong interest in the Uzbek market. Over recent years, bilateral trade turnover has increased manifold and continues to grow steadily. In 2025, mutual trade exceeded $440 million, which is twelve times higher than in 2016, with particular attention drawn to Uzbek exports amounting to over $320 million.

These figures not only reflect the growing interest of businesses in both countries in expanding mutually beneficial cooperation but also demonstrate the emergence of a more diversified and resilient trade model incorporating new industries and segments. The current environment creates a foundation for further development of investment flows, financial services, and joint projects in mining, energy, and digital technologies, opening additional opportunities for deepening strategic partnership.

In line with agreements reached at the highest level, concrete steps have been outlined to increase bilateral trade turnover to $2 billion in the near future.

An important tool for achieving this goal has been the Preferential Trade Agreement between the Government of the Republic of Uzbekistan and the Government of the Islamic Republic of Pakistan, which provides customs benefits for 17 categories of goods from each side. This significantly facilitates market entry for companies and stimulates the expansion of trade flows.

At the same time, business ties are expanding rapidly. An increasing number of Uzbek and Pakistani companies are finding partners, establishing joint ventures, and exploring new niches. As of October 1, 2025, around 180 companies with Pakistani capital are operating in Uzbekistan, reflecting growing business confidence in joint projects and long-term partnership.

Cooperation spans a wide range of sectors – from the textile and food industries to the production of construction materials, electrical equipment, and logistics. Regular meetings of the intergovernmental commission, business forums, and specialized exhibitions serve as effective platforms for direct dialogue, experience exchange, and contract signing. The agreements concluded at these venues already amount to hundreds of millions of dollars, generating tangible economic returns and laying a solid foundation for further expansion of cooperation.

In 2024, Tashkent hosted the first International Exhibition “Made in Pakistan” and a joint Logistics Forum, featuring more than 80 leading Pakistani companies. These events created a platform for direct business dialogue, demonstrating real opportunities for joint ventures and logistics cooperation.

In turn, a national exhibition “Made in Uzbekistan” was held in Lahore in February 2025, resulting in the signing of 181 bilateral trade agreements worth $500 million. These events clearly illustrate mutual interest in expanding trade turnover and growing business confidence in bilateral cooperation prospects.

Significant progress has also been achieved in investment cooperation. In 2024, $33 million in Pakistani investments were utilized within joint projects, and from January to July 2025 this figure more than doubled, reaching nearly $70 million. This steady growth reflects increasing interest in long-term projects, confirms the stability of the business environment, and opens new opportunities for expanding strategic partnership.

Active work continues on joint projects in the textile, pharmaceutical, perfumery, and agricultural sectors, allowing both sides to strengthen traditional industries while developing new high value-added niches. Notably, Uzbek companies are conducting feasibility studies in Pakistan for the production of household appliances, tractors, smart meters, and modern gas blocks, opening avenues for technological exchange and the adoption of advanced manufacturing solutions.

Particular attention is paid to the digital sphere, where a broad range of promising initiatives is emerging: software development, IT solutions for business and public services, and joint startups and innovation projects. This direction accelerates technological modernization, enhances competitiveness, and facilitates the integration of digital products into key sectors of the economy.

Trade infrastructure development is also a key priority. In 2025, Uzbek trade houses were opened in Lahore and Karachi, with plans to establish Pakistani trade missions in Tashkent and Samarkand. These initiatives simplify market access, stimulate business cooperation, and strengthen trust within the business community.

Thus, the combination of industrial, digital, and infrastructure cooperation creates a multi-level platform for accelerated bilateral development, transforming Uzbek–Pakistani cooperation into a strategically significant and mutually beneficial endeavor.

Transport infrastructure remains a priority area of dialogue. Central and South Asia have historically been interconnected through trade and cultural routes, and today targeted efforts are underway to restore this natural connectivity. Improved logistics, new transport corridors, and simplified transit procedures create real opportunities to boost trade and deepen cooperation. For landlocked Central Asian countries, reliable transport links are a key factor in sustainable growth and regional integration.

One of the flagship projects is the Trans-Afghan Railway, a strategic corridor capable of transforming regional transport networks, strengthening the countries’ positions within the Eurasian economic space, and establishing a solid foundation for trade, investment, and logistics flows between Central and South Asia. By reducing delivery times from several weeks to 3–5 days and cutting transport costs by 40% or more, the route will significantly enhance the competitiveness of regional goods on global markets and stimulate export-import activity.

In 2025, tangible progress was achieved: key components of the feasibility study were prepared, and intergovernmental consultations on the route design and financing terms continue, reinforcing the project’s practical implementation.

Energy cooperation is another vital area with significant joint potential. Projects in geological exploration, oil and gas development, and modernization of processing facilities can ensure strategic energy security, diversify energy sources, and stimulate industrial growth in both countries.

Along with economic cooperation, cultural and humanitarian interaction is actively developing, as the peoples of Uzbekistan and Pakistan share a rich historical heritage rooted in the Silk Road era. This commonality manifests in joint scientific projects, educational initiatives, and cultural exchanges that strengthen human ties and build long-term trust.

In Pakistan, special attention is given to the President Shavkat Mirziyoyev’s concept of the Third Renaissance, viewed as a continuity of Uzbekistan’s rich historical and scientific legacy. The intellectual and spiritual traditions shaped by scholars such as Al-Horezmi, Mirzo Ulugbek, and Zahiriddin Muhammad Babur inspire modern educational and innovation initiatives, reinforcing cultural and intellectual bonds between the two nations.

Tourism deserves special mention as an important component of bilateral cooperation. Uzbekistan, with its unique spiritual and architectural heritage, is increasingly attracting Pakistani tourists and pilgrims. Ancient cities and the mausoleums of prominent scholars – Imam Bukhari, Imam Termezi, and Bahauddin Naqshband – reveal the country’s rich cultural and scientific traditions while strengthening people-to-people ties as enduring as official interstate agreements.

Improved transport connectivity has become a key catalyst. Direct flights between Islamabad and Tashkent, as well as between Tashkent and Lahore, enabled over 10,000 Pakistani tourists to visit Uzbekistan in 2025 – nearly 2.5 times more than in 2023. This data highlights both growing demand for tourism routes and the effectiveness of integration measures in transport and logistics.

Taken together, tourism, cultural, and economic initiatives form a solid platform for deepening connectivity between Uzbekistan and Pakistan. This comprehensive cooperation model not only enhances economic potential but also strengthens long-term trust, making bilateral relations a key component of regional integration between Central and South Asia.

The upcoming visit of President Shavkat Mirziyoyev to Islamabad early February 2026 will mark an important milestone in enhancing strategic partnership. It will open new opportunities for joint initiatives, activate projects in the economy, transport, energy, and digital technologies, and provide additional momentum to cooperation, enhancing its practical impact and strategic significance.

Today, it is especially important to maintain the high momentum of interaction, expand practical cooperation mechanisms, cascade dialogue to lower governance levels, and more actively engage regions, small and medium-sized enterprises, the academic community, youth, and civil society institutions. Such a comprehensive approach will not only consolidate achievements but also ensure sustainable growth of mutual cooperation, creating a platform for new joint projects and initiatives at all levels.

Thus, the “bridges of friendship” built between Uzbekistan and Pakistan – rooted in shared history, traditions, and spiritual affinity – connect the past and present while opening the way for deeper comprehensive cooperation. They transform traditional mutual trust into sustainable and long-term partnership forms that will serve as a foundation for expanding interaction at all levels, from local initiatives to strategic projects of regional significance.

Nigora Sultanova,

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

On May 18^th, President of Uzbekistan will participate in the 13^th session of the World Urban Forum (WUF-13), to be held in Baku, the capital of Azerbaijan.

The forum, co-organized by the United Nations Human Settlements Programme (UN-Habitat) and the State Committee on Urban Planning and Architecture of Azerbaijan, will be held under the theme “Housing for all: Safe and sustainable cities and communities”.

This theme chosen for the prestigious forum is aligned with the priority areas of the UN-Habitat Strategic Plan for 2026-2029 and holds vital importance in addressing the global housing crisis.

It should be noted that in recent years, significant attention has been paid worldwide to the fields of housing construction and urbanization. In this regard, the UN has developed the “Urban-Rural Continuum” concept. According to this approach, a city is not an isolated administrative territory, but rather forms a unified transport, economic, food and ecological system with its surrounding areas.

In Uzbekistan, wide-ranging reforms in housing construction and urbanization are also being implemented under the proposals and initiatives of President Shavkat Mirziyoyev. To meet the public's housing demand, 120 million square meters of housing - comprising more than 600,000 apartments have been built and commissioned in our country over the past eight years. To facilitate homeownership, 103 trillion soums in affordable mortgage loans and subsidies were allocated to 541,000 citizens. As a result of these concerted efforts, the level of urbanization has risen from 40.3 percent in 1991 to 51 percent.

In order to implement activities in the field of urbanization effectively and systematically, the National Committee for Urbanization and Sustainable Housing Market Development of Uzbekistan was established by presidential decree. This state agency has been tasked with numerous responsibilities regarding the implementation of state policy in urbanization processes, housing construction, urban renovation and mortgages, as well as the coordination and development of programs in these areas.

Looking at the figures in this sector, nearly 10,000 new construction companies have commenced operations in Uzbekistan over the past nine years. Twenty large enterprises with a turnover exceeding 1 trillion soums and 365 companies surpassing the 100 billion soums threshold have been established. The number of design organizations has exceeded 2,000, with more than 650 of them receiving international certification.

During this period, permitting stages in the construction sector were reduced threefold, and processing timeframes were cut fourfold. A total of 420 urban planning norms and regulations were consolidated, old rules were repealed, and 140 new standards and guidelines were officially approved.

As a result, 210 million square meters of buildings and facilities, as well as over 15,000 multi-family residential buildings containing 647,000 apartments, have been constructed over the past years. The volume of construction work grew from 30 trillion soums in 2016 to reach 314 trillion soums last year.

Today, the population of Uzbekistan exceeds 38 million, with the urbanization rate reaching 51 percent, meaning nearly 20 million people reside in urban areas.

These indicators demonstrate that urbanization processes in Uzbekistan are developing at a rapid pace, and reforms in the field of urban planning are aligning with international trends. Under these conditions, the sustainable development of urban infrastructure, the shaping of human settlements based on modern requirements and the ensuring of ecological and social balance are acquiring paramount importance. From this perspective, harmonizing the urbanization policy implemented in Uzbekistan with global experience and expanding international cooperation stands as one of the key strategic directions.

UN-Habitat, headquartered in Nairobi, is a specialized programme on human settlements. This programme is aimed at supporting sustainable urban development, shaping the global urbanization agenda and ensuring the coordination of United Nations activities in this direction.

Established in 2001, the World Urban Forum (WUF) is the UN's premier global conference on urban development issues. The forum is convened by UN-Habitat to discuss rapid urbanization and its impact on society, the economy and climate change.

In accordance with UN General Assembly Resolution 71/256, World Urban Forum has been designated as one of the primary platforms for assessing the implementation of the New Urban Agenda.

Today, the forum is regarded as the leading international arena uniting diverse stakeholders in the fields of housing and sustainable urban development. It brings together national, regional and local authorities, civil society, the private sector, international organizations, academia and other participants.

The forum's primary document will be the “Baku Call to Action”, which will reflect the main challenges associated with the global housing crisis and practical measures for their resolution. This document is expected to serve as an essential guideline for policy formulation and the implementation of practical mechanisms at local, national, and global levels.

During the Baku forum, particular attention will be paid to social housing construction, the modernization of informal settlements, the development of urban infrastructure including transport, water supply, sanitation and waste management as well as improving the population's quality of life.

UN is also attaching great importance to the climate and digitalization aspects of urbanization. Cities are viewed as the primary arena of the climate crisis, and it is emphasized that creating climate-resilient infrastructure by 2030 will require an annual investment of 4.5 to 5.4 trillion US dollars.

Today, the “smart city” concept is also transitioning toward a new approach centered on human interests. Digital technologies and artificial intelligence are no longer seen merely as symbols of technological progress, but rather as tools for reducing inequality and expanding access to services.

At the same time, cities are transforming into the primary arenas for recovery in the face of humanitarian crises, forced displacement, housing destruction and mounting pressure on infrastructure.

However, one of the central challenges in UN policy remains the gap between international regulatory frameworks and the practical capacities of states and local authorities. Without adequate financial resources, high-quality data, and effective governance mechanisms, even the best strategies risk remaining mere declarations.

Consequently, the current shift in urbanization policy increasingly focuses away from general principles and toward practical implementation mechanisms specifically issues of financing, governance and accountability.

Issues of practical implementation of agreements at the highest level and promotion of investment projects were at the center of attention during the telephone conversation held on December 17 between the President of the Republic of Uzbekistan Shavkat Mirziyoyev and Amir of the State of Qatar Sheikh Tamim bin Hamad Al-Thani.

The Head of our state warmly congratulated the Amir of Qatar on the national holiday - Foundation Day, wishing him health, well-being and success, as well as peace and prosperity to the friendly Qatari people.

Current matters of further expansion of multifaceted cooperation and strengthening of strategic partnership between our countries were discussed.

The results of active contacts and exchanges were positively assessed. In November this year, the first meeting of the Intergovernmental Commission and business forum were successfully held in Doha. In October, the Qatar Culture Week events were successfully organized in Tashkent.

With the participation of leading Qatari companies, investment projects are being implemented in the field of energy, development of transport and tourism infrastructure, agriculture, healthcare and other priority areas.

There is a regular direct flight service between the capitals, which facilitates the growth of mutual tourist flow.

During the conversation, the heads of state paid particular attention to the schedule of upcoming events in 2025, including the second dialogue summit “Central Asia - Cooperation Council for the Arab States of the Gulf”.

Exchange of views on topical issues on the international agenda also took place.

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

History of visits

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

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

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

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

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

Mutual trade indicators

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

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

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

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

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

Investment cooperation

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

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

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

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

CERR Public relations and media sector