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.

1. Introduction

Central and South Asia form one of Eurasia’s most significant geographic junctions. Central Asia connects the continent’s east–west and north–south routes, while South Asia contains one of the world’s largest population bases and consumer markets. Taken together, the countries of the two subregions have a population of more than 2 billion people; however, their direct economic interaction remains below its potential level.

The scale of the potential market is confirmed by the figures: in 2024, the population of South Asia was approximately 1.68 billion people, while the region’s combined GDP was about US$4.5 trillion. At the same time, the economy of the five Central Asian countries in 2024 amounted to approximately US$489 billion. However, the level of interregional integration remains low: even within South Asia, intraregional trade is estimated at around 5% of total trade turnover, which is significantly lower than the ASEAN figure^[1][2][3].

This is evident in trade statistics: Central Asia’s main trade flows continue to be oriented toward Russia, China, the European Union, Türkiye, and the Middle East, while trade with South Asia occupies a comparatively limited niche.

The underused potential is explained not by a lack of demand, but by structural constraints. Between the two subregions, there are mountain barriers, complex cross-border routes, differing levels of integration into international supply chains, non-uniform customs and technical procedures, as well as the Afghanistan factor, which is simultaneously the shortest connecting link and the most sensitive element of the regional architecture. Therefore, the issue of connectivity has not only commercial but also strategic significance.

The restoration of economic ties between Central and South Asia should not be viewed as a romanticized return to historical routes. In modern conditions, it is a matter of competitiveness, supply-chain security, energy resilience, and diversification of foreign economic directions. For the countries of Central Asia, the southern route opens shorter access to the ports of the Arabian Sea and the Indian Ocean. For the countries of South Asia, it creates an opportunity to gain access to energy resources, food products, industrial goods, and new markets in Eurasia.

Uzbekistan occupies a special place in this logic. It is located in the central part of the region, borders all Central Asian states and Afghanistan, and therefore is capable of forming a link between the internal markets of Central Asia and the southern direction. At the same time, the role of a connector state means more than the transit of goods. It includes the coordination of infrastructure projects, the development of logistics services, the improvement of institutional quality, the creation of an analytical basis for decision-making, and the involvement of the private sector in interregional projects.

2. Historical and geographical preconditions for connectivity

The historical connection between Central and South Asia was formed long before the emergence of modern state borders. The cities of Transoxiana, Khorasan, Bactria, and northern India were part of a network of caravan routes and exchanges of artisanal goods, knowledge, religious traditions, and financial practices. Samarkand, Bukhara, Balkh, Merv, Kabul, Peshawar, and Lahore, in different periods, served as trade and cultural hubs linking the Eurasian space.

However, historical connectedness does not automatically translate into economic integration today. Modern supply chains depend on railways, highways, ports, energy networks, digital cargo-tracking systems, insurance, banking settlements, and predictable rules. Where even one of these elements is absent, transit becomes expensive, slow, and risky.

The geography of the region creates both incentives and constraints. On the one hand, the distance from Uzbekistan’s southern borders to northern Afghanistan is relatively short, and the route through Afghanistan is potentially the shortest overland path from Central Asia to Pakistan and onward to the ports of the Indian Ocean. On the other hand, mountain ranges, differences in railway gauge, the limited capacity of border infrastructure, security issues, and insufficient standardization of procedures increase the cost of projects.

Uzbekistan’s geographical role has not only qualitative but also measurable significance: the country is one of only two double-landlocked states in the world and, at the same time, the only state bordering all four other Central Asian countries as well as Afghanistan. In this context, the Mazar-i-Sharif–Kabul–Peshawar railway project, with a length of approximately 573 km, acquires systemic importance, since it could reduce the time and cost of transportation toward Pakistan’s ports by roughly 30%^[4].

Therefore, connectivity should be understood more broadly than the physical connection of two points on a map. In the modern economy, it includes four dimensions. The first is infrastructural: roads, railways, terminals, ports, and energy networks. The second is institutional: customs, tariffs, standards, sanitary and phytosanitary rules, permits, and transit guarantees. The third is commercial: demand, purchasing power, contracts, logistics companies, insurance, and banking channels. The fourth is social and humanitarian: education, labor skills, tourism, medical ties, and research cooperation.

This approach helps avoid oversimplification. Even the shortest road will not become a sustainable corridor unless it is supported by a reliable legal environment, competitive tariffs, financial guarantees, and coordination among states.

3. Current state of trade and economic cooperation

Trade and economic ties between Central and South Asia are developing, but their scale still does not correspond to the size of the markets. Trade between Central Asian countries and India, Pakistan, Bangladesh, Sri Lanka, and Afghanistan remains relatively modest compared with their trade with China, Russia, the European Union, Türkiye, and countries of the Middle East.

Central Asia supplies, or could potentially expand supplies to South Asia, in such areas as agricultural products, grain, fruit and vegetable products, textiles, fertilizers, energy goods, certain types of metals, and industrial raw materials. South Asia, primarily India and Pakistan, holds competitive positions in pharmaceuticals, medical goods, IT services, equipment, textile products, processed food products, and consumer goods.

In recent years, Uzbekistan has been strengthening the southern direction of its foreign economic policy. Trade ties with India and Pakistan are developing through pharmaceuticals, textiles, food products, services, logistics, and investment projects. Uzbekistan’s foreign trade in the southern direction is already growing, but it still occupies a limited place in the overall structure of foreign trade. The largest trade flows with South Asian countries are with Afghanistan and India. However, the very fact that certain bilateral flows are growing does not solve the main problem: interregional trade remains fragmented. In order to turn it into a sustainable market, it is necessary to reduce transaction costs, ensure the predictability of transit, make standards comparable, and develop business services.

The issue of trade data is especially important. Mutual trade is often assessed using different sources, while the statistics of exporting countries and importing countries may diverge. To develop effective policy, a regularly updated data panel is needed, broken down by corridors, types of cargo, border-crossing times, transportation costs, return loads, the number of permits, and the actual use of preferential regimes. Without such a database, regional initiatives risk remaining merely declaratory.

4. Transport and logistics infrastructure as the basis of connectivity

Transport infrastructure is the material foundation for the rapprochement of Central and South Asia. At the same time, it is more accurate to speak not of a single route, but of a portfolio of corridors. Relying on only one route increases the vulnerability of the entire system. A diversified network of routes through Afghanistan, Iran, the Caspian Sea, the Caucasus, and existing Eurasian directions creates redundancy, reduces risks, and strengthens the negotiating position of shippers.

The key project in the southern direction remains the trans-Afghan railway corridor Mazar-i-Sharif–Kabul–Peshawar. Its strategic value lies in its potential to connect Uzbekistan and other Central Asian countries with Pakistan’s ports, including Karachi, Qasim, and Gwadar. If implemented, such a corridor could reduce the distance and delivery time for certain types of cargo. However, the project requires the resolution of several complex issues: financing, security, technical parameters, railway gauge compatibility, the operating model, tariffs, and the distribution of risks among participants.

The Termez–Hairatan hub in Uzbekistan has particular significance. It is the closest entry point from Uzbekistan into Afghanistan and is already used as a logistics, humanitarian, and trade channel. The development of terminals, warehouses, customs capacities, multimodal transport services, and digital cargo-control systems could turn this hub into a stable anchor point for interregional trade.

Alongside the trans-Afghan route, the route through Iran is also important. For India, Central Asia, and Afghanistan, the Chabahar port is of particular significance, as are its links with the International North–South Transport Corridor and the Ashgabat Agreement. This option does not replace the trans-Afghan route, but it increases the resilience of the trade system. Events of recent years have shown that the closure or restriction of individual routes quickly increases the importance of alternative pathways through Iran and the countries of Central Asia.

Road corridors remain a necessary complement to railways. They are especially important for perishable products, small consignments, e-commerce, pharmaceuticals, and high-value-added goods. In this area, the key factors are not only roads, but also border procedures, the permit system for carriers, weight control, insurance, the safety of parking areas, and access to backhaul cargo.

The development of air connectivity plays a separate role. Direct flights between Tashkent, Samarkand, Almaty, Astana, Delhi, Mumbai, Lahore, and other cities do not create mass freight logistics, but they reduce barriers to business travel, tourism, education, medical services, and managerial oversight of investment projects. For modern business, such mobility is not a secondary factor, but a systemic one.

5. Energy partnership: from project-based logic to a regional market

Energy is one of the most obvious areas of complementarity between Central and South Asia. The Central Asian countries possess significant resources in natural gas, hydropower, solar power, and wind generation. South Asia, primarily Pakistan, India, Bangladesh, and Afghanistan, faces high energy demand, seasonal consumption peaks, and the need for a more reliable supply structure.

The most advanced interregional project in the electricity sector is CASA-1000. According to World Bank materials, the project is intended to ensure the transmission of up to 1,300 MW of surplus summer electricity from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. The project also provides for high-voltage transmission infrastructure, including power transmission lines and converter stations. Its significance goes beyond the energy sector: it demonstrates the possibility of contract-based electricity trade between the subregions with the participation of international financial institutions.

In the gas sector, the best-known project is TAPI: Turkmenistan–Afghanistan–Pakistan–India. Its planned logic is straightforward: Turkmen gas is expected to flow through Afghanistan to the energy-deficient markets of South Asia. Published descriptions of the project usually indicate a length of approximately 1,800 km and a designed capacity of up to 33 billion cubic meters of gas per year. However, TAPI remains a complex project with a high dependence on security, financing, long-term contracts, payment guarantees, and political coordination among the participants.

CASA-1000 has not only political but also measurable infrastructural significance: the project cost is estimated at approximately US$1.2 billion, while the designed transmission capacity is 1,300 MW. The Kyrgyz component provides for around 456 km of 500 kV power transmission lines. This makes it possible to view CASA-1000 as the first major example of contract-based interregional electricity trade between Central and South Asia^[5][6].

The new energy agenda includes not only the export of fuel and electricity, but also the development of low-carbon solutions. Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan are expanding projects in solar, wind, and hydropower, while also modernizing their grids. In the long term, South Asia could become a market for seasonal electricity and energy services from Central Asia. However, this requires rules for cross-border trade, compatible dispatch mechanisms, commercial guarantees, transparent tariffs, and investment in grid resilience.

Energy cooperation must take into account climate and water-related factors. In Central Asia, hydropower is closely linked to irrigation and water resource management. In South Asia, electricity demand depends on temperature peaks, urbanization, and industrial growth. Therefore, energy projects should be accompanied by mechanisms for climate adaptation, forecasting water availability, improving energy efficiency, and developing energy storage systems.

6. Investment cooperation and business ties

Investment cooperation between Central and South Asia is still developing on a case-by-case basis, but it has significant potential. Unlike trade in raw materials, investment requires a higher level of trust, legal certainty, protection of property rights, clear tax regimes, access to foreign-exchange settlements, and high-quality business information.

The most promising areas include pharmaceuticals, medical services, agro-processing, textiles, logistics, warehouse infrastructure, IT services, education, tourism, financial technologies, renewable energy, and the production of components for infrastructure projects. South Asian companies have strong competencies in IT, pharmaceuticals, and services, while Central Asia offers access to raw materials, industrial sites, growing domestic markets, and transit opportunities.

An important task is to move from one-off business contacts to a systematic investment pipeline. This requires project catalogues, clear requirements for investors, standardized public-private partnership models, dispute-resolution mechanisms, insurance against political and commercial risks, and joint workforce training programs.

Small and medium-sized enterprises are of particular importance. Large infrastructure projects create the foundation, but it is small and medium-sized businesses that fill corridors with real goods and services. For them, access to information, affordable logistics services, digital marketplaces, simplified payments, standardized documents, and support in entering a new market are critical.

Development institutions and international financial organizations can play a catalytic role. Their participation reduces risks, improves the quality of project preparation, and disciplines the participants. However, external financing does not replace national reforms. Without clear rules, transparent statistics, and effective courts, even concessional loans will not create a sustainable flow of investment.

7. The strategic role of Uzbekistan as a connector state

Uzbekistan possesses a unique set of preconditions for playing the role of a connector state. It is located at the center of Central Asia, borders all the countries of the region as well as Afghanistan, and is also a major demographic and industrial market. For a country without access to the sea, the development of external corridors is not an optional task, but a condition for long-term competitiveness.

Uzbekistan’s role is not limited to transit. A transit country earns revenue from the movement of goods, but a connector state shapes rules, services, trust, and the institutional environment. This means developing multimodal hubs, creating logistics centers, digitalizing customs procedures, expanding railway and road links, training personnel, attracting banks and insurance organizations, and providing analytical support for projects.

The southern direction strengthens Uzbekistan’s foreign economic diversification. It complements the country’s already existing links in the northern, eastern, and western directions. At the same time, the diversification of routes reduces dependence on individual markets and transit pathways, which is especially important amid instability in global trade, changes in tariff policy, and geopolitical restrictions.

Termez occupies a special place in this strategy. It can serve as a border logistics center, a platform for trade with Afghanistan, a hub of humanitarian and commercial infrastructure, and a symbolic space for discussing connectivity between Central and South Asia. To turn this role into a sustainable result, investment is needed in terminals, railway approaches, warehouse capacity, services for carriers, and a system for analyzing cargo flows.

Uzbekistan’s strength also lies in its ability to put forward multilateral initiatives. Interregional connectivity cannot be implemented through bilateral agreements alone. It requires the alignment of interests among the countries of Central Asia, the countries of South Asia, Afghanistan, international financial institutions, business, and the expert community. In this sphere, Uzbekistan can act as a coordinator of the agenda and a provider of analytical solutions.

8. Key barriers and ways to overcome them

The first barrier is incomplete infrastructure. Many corridors exist in the form of project concepts or partially functioning routes. To transform them into commercially sustainable directions, technical and economic feasibility studies, agreed tariffs, clear sources of financing, unified operational models, and transparent risk allocation are required.

The second barrier is security and the predictability of transit. For business, what matters is not only the length of the route, but also the likelihood of delays, losses, border closures, changes in rules, and additional payments. Therefore, transport policy should include insurance mechanisms, security standards, corridor monitoring, crisis protocols, and regular information exchange among government agencies.

The third barrier is administrative fragmentation. Different documents, uncoordinated customs procedures, weak advance declaration, the absence of mutual recognition of certain certificates, and limited digital interoperability increase the cost of trade. The solution lies in the transition to electronic transport documents, the expansion of the single-window principle, the introduction of risk-based control, and the coordination of technical standards.

The scale of the financial challenge can be assessed through the example of CAREC: in 2021–2024, transport investment under the program amounted to US$8.61 billion, with a significant share of financing provided by international partners. This shows that infrastructure corridors require not only a political decision, but also a sustainable financial architecture^[7][8].

Administrative barriers have a measurable expression. According to CAREC monitoring, in 2022, the average border-crossing time on road corridors was 9.9 hours, while on railway corridors it was 40.6 hours. This confirms that the digitalization of documents, advance declaration, and risk-based control can produce an effect even without the immediate construction of new arterial routes.

The fourth barrier is financial constraints. Infrastructure projects require large capital investments and have long payback periods. A combination of budget funds, loans from international financial organizations, public-private partnerships, guarantees, project financing, and blended-finance mechanisms is needed. At the same time, each project must undergo an assessment of commercial viability, not only political attractiveness.

The fifth barrier is the lack of market information. Companies often do not know potential partners, market requirements, logistics tariffs, certification rules, or available financial instruments. This barrier can be reduced through digital trade platforms, business missions, sectoral catalogues, regular exhibitions, analytical reviews, and consulting centers under chambers of commerce and industry.

The sixth barrier is climate and resource-related risks. Mountainous areas, droughts, floods, changes in glacial runoff, and extreme weather events affect roads, energy, and agriculture. New corridors should be designed with climate resilience in mind, while energy projects should take into account the water balance and the seasonality of demand.

Practical priorities through 2030

9. The Termez Dialogue as an institutional foundation for cooperation

The Termez Dialogue on Connectivity between Central and South Asia can become an important institutional platform for coordinating the interregional agenda. In 2025, the first dialogue was held in Termez, dedicated to the formation of a shared space of peace, friendship, and prosperity. The very choice of Termez emphasizes the city’s practical role as Uzbekistan’s southern hub and as a symbolic point of connection with Afghanistan and South Asia.

The effectiveness of such a format will depend on whether it can move from general statements to the management of a project-based agenda. For this purpose, it would be advisable to structure the dialogue around four permanent tracks: transport and logistics, trade and standards, energy and climate, and investment and human capital. Each track should have a project map, progress indicators, responsible participants, and a mechanism for annual updates.

The participation of business is of particular importance. States can sign framework documents, but real demand for corridors is generated by exporters, importers, carriers, banks, insurance companies, terminal operators, and manufacturing enterprises. Therefore, within the framework of the Termez Dialogue, business sessions, B2B platforms, sectoral presentations, and discussions of specific barriers faced by companies are necessary.

The expert track should serve as an evidence base. It can prepare an annual report on the state of connectivity between Central and South Asia, a corridor-readiness index, monitoring of transportation time and costs, a review of regulatory barriers, analysis of investment projects, and recommendations for governments. In this area, Uzbekistan’s analytical institutions can play a leading role.

The Termez Dialogue is also important as an instrument for involving Afghanistan in economic processes on a pragmatic basis. This is not a matter of political legitimization, but of reducing economic isolation, developing transit procedures, supporting sustainable livelihoods, and creating incentives for stability. This logic corresponds to the interests of all participants, since Afghanistan’s economic predictability directly affects the cost and security of interregional routes.

10. Connectivity and the Sustainable Development Goals

Economic connectivity between Central and South Asia is directly linked to the UN Sustainable Development Goals. The development of energy networks supports SDG 7, the expansion of trade and employment corresponds to SDG 8, the construction of resilient infrastructure is linked to SDG 9, the reduction of spatial isolation contributes to SDG 10, climate resilience relates to SDG 13, and regional coordination and partnerships correspond to SDG 16 and SDG 17.

However, the link with the SDGs does not arise automatically. Infrastructure can promote development, but it can also deepen inequality if benefits accrue only to major actors while local communities bear the costs. Therefore, projects should include environmental assessment, social safeguards, consultations with the population, management of land-related issues, occupational safety measures, and transparent compensation mechanisms.

Special attention should be paid to women, youth, and small enterprises. New corridors create demand for services in logistics, trade, catering, repair, digital support, education, and tourism. If access to these opportunities is opened to local entrepreneurs, infrastructure will become a source of inclusive growth, not merely transit rent.

Climate risk is already becoming an economic factor. According to World Bank estimates, by 2030, nearly 90% of South Asia’s population may be exposed to intense heat, while more than one fifth of the population may face the risk of severe flooding. For Central Asia, the key constraint is water: in Uzbekistan, the volume of water withdrawal significantly exceeds internal renewable resources, and the current water deficit may increase to 7 billion m³ by 2030 and to 15 billion m³ by 2050^[9][10][11].

The climate dimension of connectivity is becoming increasingly important. South Asia and Central Asia are exposed to the risks of extreme weather events, glacier melt, droughts, floods, and tensions around water. Therefore, new roads, railways, power transmission lines, and logistics centers should be designed with long-term climate scenarios in mind. For the energy sector, this means combining electricity trade, energy efficiency, renewable sources, and grid resilience.

From the standpoint of sustainable development, the most promising model is not one of raw-material transit, but one of value-added creation. This implies agro-processing, industrial cooperation, service chains, digital trade, the localization of selected industries, and workforce training. In this case, connectivity is transformed from the movement of goods into a mechanism of structural modernization.

11. Conclusion

Economic connectivity between Central and South Asia is one of the key conditions for the sustainable development of the macroregion. It is capable of expanding sales markets, reducing transport isolation, strengthening energy security, supporting employment, and creating new incentives for regional stability. At the same time, the expected effect depends not on a single project, but on a coordinated package of measures.

The main practical conclusion is the need for a portfolio approach. The trans-Afghan railway, the route through Iran, road corridors, air connectivity, the CASA-1000 and TAPI energy projects, trade digitalization, logistics hubs, and investment platforms should be viewed as mutually complementary elements. Each of them has different implementation timelines, risks, and economic logic; therefore, the regional strategy should ensure redundancy and flexibility.

Uzbekistan has objective advantages for the role of a connector state. Its geography, demographic potential, industrial base, southern hub in Termez, and active foreign economic agenda make it possible to bring together the interests of Central and South Asia.

The Termez Dialogue can become a platform where political will is translated into project-level discipline. For this to happen, it should generate not only declarations, but also a list of projects, indicators, road maps, evaluation mechanisms, and permanent channels of interaction among business, experts, and government agencies.

In the long term, connectivity between Central and South Asia should be oriented not only toward increasing trade volumes, but also toward improving the quality of development. A sustainable macroregion will take shape where infrastructure is connected with institutions, energy with climate responsibility, trade with industrial cooperation, and diplomatic initiatives with evidence-based analysis and practical results.

Muhammad Babadjanov,

Head of Department

at The Institute for Macroeconomic and Regional Studies

under the Cabinet of Ministers of the Republic of Uzbekistan

[1] https://www.worldbank.org/en/programs/south-asia-regional-integration/trade

[2] https://data.worldbank.org/?locations=TJ-UZ-KZ-TM-KG

[3] https://data.worldbank.org/country/south-asia

[4] https://uzembassy.kz/en/article/the-mazar-i-sharif-kabul-peshawar-railway-will-open-up-broad-prospects-for-international-trade

[5] https://www.worldbank.org/en/country/afghanistan/brief/updated-q-a-on-casa-1000-resumption-in-afghanistan

[6] https://www.worldbank.org/en/news/press-release/2023/11/01/additional-financing-for-casa-1000-project-for-the-kyrgyz-republic

[7] https://www.carecprogram.org/uploads/03-CAREC-Transport-Strategy-2030-Midterm-Review-Draft-Report.pdf

[8] https://cpmm.carecprogram.org/2022-report/key-results/

[9] https://www.worldbank.org/en/news/press-release/2025/06/03/climate-resilience-in-south-asia-will-be-private-sector-led

[10] https://data.worldbank.org/country/uzbekistan

[11] https://www.adb.org/news/features/numbers-climate-change-central-asia

The text of the article is in Uzbek!

The Fifth Tashkent International Investment Forum will take place on June 16–19, 2026. This year’s theme – “Investment Resilience: New Frontiers, New Partnerships” – frames the agenda around a set of pressing questions: how to protect capital amid global uncertainty, what institutional mechanisms enhance investment resilience in frontier markets, and where the new partnership routes lie.

The forum’s context is set by macroeconomic results. According to the National Statistics Committee, Uzbekistan’s GDP grew by 7.7% in 2025 and exceeded $147 billion – the fastest pace since 2021 and among the highest in the Europe and Central Asia region. Fitch Ratings and S&P Global upgraded the country’s sovereign rating from BB– to BB for the first time, while Moody’s revised its outlook to “positive.” International reserves, per the Central Bank, surpass $77 billion. Exports rose 24% to $33.8 billion. Foreign direct investment increased by 46.9%, with FDI accounting for 40.5% of total capital investment. For an economy that attracted only $4 billion in annual foreign investment in 2017, the surge to $42 billion by 2025 represents a fundamentally different scale of growth. This tenfold increase over eight years underscores a profound transformation in the nation's investment landscape.

The forum is scaling alongside the economy. Last year’s TIIF drew over 8,000 participants, including some 3,000 international delegates from 97 countries. Guests included Bulgarian President Rumen Radev, Slovak Prime Minister Robert Fico, heads of government from all Central Asian states, EBRD President Odile Renaud-Basso, and New Development Bank President Dilma Rousseff. The aggregate value of signed investment contracts and trade agreements reached $30.5 billion. Yet what best speaks to the platform’s maturity is not the number of signings but the conversion rate – the share of agreements that translate into operating assets is increasingly the metric that matters to returning investors.

The centrepiece of this year’s forum will be the Tashkent International Financial Centre (TIFC), established by presidential decree in March 2026. Behind the headline sits a specific institutional architecture: a special legal regime based on common-law principles, a dedicated financial services regulator, an arbitration centre (TIAC), and tax exemptions through 2076. TIFC is part of a global trend toward specialised financial hubs that offer international market participants a familiar legal environment and regulatory predictability. Its defining feature is integration within the country’s legal framework: the centre operates under a special legal regime rather than creating a separate jurisdiction, reducing regulatory fragmentation and simplifying engagement with the domestic economy. A panel session featuring leaders of major global financial centres and international investors operating in Uzbekistan will address the central question: what are the practical conditions under which TIFC can attract international market participants.

The TIIF 2026 programme is structured around four thematic pillars: investment resilience and capital protection mechanisms, financial infrastructure and capital market development, trade connectivity and logistics corridors, and energy transition and climate finance. Key sessions include a discussion of the regulatory framework for alternative investment funds (a legal basis for private equity and venture capital being adopted for the first time), a panel on the Middle Corridor and trans-Caspian logistics, a session on sovereign ratings across Central Asia, and a practitioner-led workshop on blended finance instruments in frontier markets. A dedicated arbitration and dispute resolution track features two panel sessions co-organised with the Tashkent International Arbitration Centre (TIAC), the British-Uzbek Legal Association (BrULA), and the British Embassy. Topics range from the institutional design of Uzbekistan’s arbitration ecosystem – including the innovative Dispute Avoidance Protocol (DAP) – to the country’s positioning within the global investment protection architecture: ISDS frameworks, bilateral investment treaty reform, and New York Convention enforcement.

The energy agenda warrants particular attention. Uzbekistan has set an ambitious target of raising the share of renewables in electricity generation to 54% by 2030. Currently, the country operates solar and wind facilities with a combined installed capacity exceeding 4 GW, with a project pipeline envisaging an additional 19 GW of green capacity. Alongside this, the public-private partnership mechanism continues to develop: as of early 2025, PPP agreements worth approximately $28 billion had been signed in the country. For investors, this represents a large, structured market with standardised PPA contracts and a clear entry mechanism – a subject that will be examined in detail during the forum’s energy panel.

TIIF 2026 retains its bilateral business forum format, reflecting the expanding geography of Uzbekistan’s economic partnerships. Confirmed platforms include business forums with the Republic of Korea, the United States, Croatia, Hungary, Turkey, and Albania, as well as a China–SCO countries investment dialogue; the lineup continues to grow as the event approaches. The plenary session featuring heads of state and government will set the tone for the business programme. Running in parallel is an exhibition of industrial and investment potential spanning approximately 6,000 sq m – in 2025, a comparable facility facilitated over 500 B2B and B2G meetings for 100 participating companies.

At the same time, the forum agenda implicitly flags unresolved challenges. The corporate governance session raises the question of transitioning from concentrated to dispersed ownership – a process without which the stock market will remain illiquid. The discussion of privatisation and state asset IPOs calls for a candid conversation about pacing and institutional quality. The responsible business conduct panel, anchored in OECD standards, recognises that tax incentives alone are insufficient for accessing institutional capital – what is needed is verifiable supply chain transparency and functioning National Contact Point mechanisms.

The business programme is complemented by networking formats: an FIC and EY business breakfast on digitalisation and AI, the annual SQB Investor Day, an ESG Award ceremony, and the European Business Evening. The informal component – an invitational tennis tournament, TIIF Open, and an evening run – is designed for delegates who prefer to build relationships beyond the conference hall. The anniversary evening concludes with a collaboration with the Stihia electronic music festival – a detail that captures the tone in which Uzbekistan presents itself to an international audience.

For Uzbekistan, TIIF has long ceased to be a showcase. It is a working instrument of investment policy, whose effectiveness is measured not by the number of signing ceremonies but by the volume of capital that actually enters the economy between forums. The fifth, anniversary edition takes place at a moment when the country is simultaneously launching an international financial centre, adopting an alternative investment funds law, and receiving a sovereign rating upgrade – a convergence that creates a window of opportunity for investors prepared to operate in frontier markets with a growing institutional base.

Historically, Central and South Asia constituted a macro-region of intensive cross-cultural and civilisational exchange.

The peoples of the two regions were repeatedly incorporated into common state formations and shared political, economic, cultural and humanitarian spaces. It was through these territories that major routes passed, connecting the Middle East, Europe, India and China. Close contacts facilitated the dissemination of scientific knowledge and philosophical ideas, as well as achievements in medicine, astronomy, mathematics, architecture, diplomacy and systems of public administration.

In contemporary conditions of global turbulence and a deficit of mutual trust, understanding the deep historical and civilisational commonality of Central and South Asia is of particular importance. This is not only a matter of retrospectively analysing trade ties or political contacts of the past. Data from modern population genetics confirm the existence of stable, centuries-long anthropological interconnections among the population of the macro-region.

The results of large-scale palaeogenetic studies, including the sequencing of ancient DNA (aDNA) from representatives of the Indus civilisation, together with archaeological and linguistic evidence, make it possible to reconstruct the directions of migration flows and the transformation of the gene pool over millennia.

Studies of the ancient population of southern Uzbekistan and of the Bactria-Margiana Archaeological Complex (BMAC) demonstrate the genetic continuity of local populations and their close contacts with ancient communities of the Iranian Plateau, north-western India and the Indus basin.

The specific nature of these processes in the Late Bronze Age and the Early Iron Age indicates that the territories of present-day southern Uzbekistan functioned as a space of permanent demographic and cultural exchange. They formed part of a single area of intensive circulation of people, technologies and cultural practices. This factor shaped the closeness of anthropological, linguistic and religious processes in Central and South Asia without erasing their autochthonous identities.

This is not a question of genetic homogeneity, but of a centuries-old system of demographic interactions that shaped the closeness of anthropological, linguistic, cultural and religious processes in Central and South Asia.

In this context, Uzbekistan attaches special importance to the restoration of deep historical and cultural relations in order to create a solid foundation for enhancing connectivity. After 2016, the country’s modern foreign policy is based on the synergy of pragmatic economic and transport partnership and the recognition of the common historical destiny of the macroregion.

At the same time, within the framework of the “Termez Dialogue”, projects are being formed for the joint study of Buddhist and Islamic heritage. The exceptional syncretism of the monuments of southern Uzbekistan (Kara-Tepe, Fayaz-Tepe and Kampyrtepa) reflects the historical synthesis of Indian, Hellenistic, Iranian and Central Asian traditions, marking the routes of the transfer of Buddhism from India to East Asia.

A new stage of civilisational synthesis is associated with the integration of the region into the Islamic space from the eighth century onward. Termez became one of the key intellectual centres of the Muslim world, as evidenced by the influence of Sufi networks and the legacy of the outstanding thinker al-Hakim at-Termizi, whose works retain authority in both Central and South Asia. In the Timurid era, these ties served as a basis for the formation of the unique Indo-Muslim civilisation of the Great Mughals, whose origins directly go back to the cultural matrix of Mawarannahr.

Relying on this historical and civilisational foundation, Tashkent today advocates the creation of a common cultural and humanitarian platform for Central and South Asia, one that demonstrates a high degree of complementarity with the foreign policy strategies of key South Asian states.

India: New Delhi views Uzbekistan’s initiatives through the prism of its own Connect Central Asia concept. Cultural and historical parallels (the Baburid era, Sufism and Buddhist heritage) enable India to expand its humanitarian presence in the region, as reflected, in particular, in the opening of branches of leading Indian universities (Amity and Sharda) in Uzbekistan.

Pakistan: For Islamabad, deep spiritual ties with Samarkand and Bukhara are critically important. The development of programmes of “ziyarat tourism” (pilgrimage tourism) acts as a catalyst for humanitarian contacts and contributes to the growth of mutual trust necessary for implementing large-scale trans-regional transport projects.

Afghanistan: For Kabul, Uzbekistan’s depoliticised initiatives open a legitimate channel of interaction with the outside world, allowing the country to integrate into regional economic processes without being drawn into political confrontation.

The strategic potential of the macro-region is closely linked to its demographic characteristics. Central and South Asia are among the youngest regions in the world: the share of the population under 30 exceeds 60 per cent, while the median age is about 28. This demographic resource serves as a key driver of sustainable growth and the activation of intersocietal ties, which makes the development of human capital particularly urgent.

In these conditions, joint work in the field of human capital development becomes increasingly important. This includes the training of qualified personnel, the expansion of scientific and academic cooperation, the exchange of knowledge and technologies, and the intensification of youth and public contacts.

Uzbekistan is consistently scaling up inter-university and scientific and academic cooperation in the macro-region. A practical example of this activity is Termez, where programmes of vocational and language training for Afghan students have been launched with the support of international organisations. As a result, the city is being transformed into a major educational and humanitarian hub at the junction of the two regions.

In this context, Tashkent’s modern initiatives aimed at restoring trans-regional connectivity appear as a natural continuation of a historical model of development determined by the deep interdependence of states.

The contemporary foreign policy course of Uzbekistan is based on the synergy of pragmatic economic and transport partnership and the recognition of the macro-region’s shared historical destiny. In implementing this strategy, Termez, an ancient intellectual and logistical hub linking Mawarannahr, Afghanistan and the Indian subcontinent, acquires special significance.

Its historical role was shaped by a unique geostrategic position. Already in antiquity, Termez was an important centre of the Greco-Bactrian and Kushan worlds. It was the Kushan Empire that created one of the first stable political and economic spaces uniting the territories of present-day Central Asia, Afghanistan, Pakistan and northern India.

Today, Uzbekistan is institutionalising this heritage by creating new multilateral dialogue platforms. The key element of this architecture is the international platform “Termez Dialogue”, which is focused on developing transport and logistical connectivity, humanitarian diplomacy and academic interaction.

The expert community notes the qualitative evolution of this platform. The second session of the “Termez Dialogue”, scheduled for 4–6 June 2026 in Tashkent, Termez and Samarkand, marks a transition from conceptual discussions to the formation of applied mechanisms of cooperation in politics, logistics, climate adaptation and cultural exchange. The forum is acquiring the status of a specialised international platform for developing multilateral approaches to regional security and the Afghan settlement process.

The fundamental distinction of Uzbekistan’s approach lies in its reliance on the concept of “inclusive regionality”, which presupposes the obligatory inclusion of Afghanistan in the system of trans-regional ties. Tashkent proposes an alternative model of diplomacy, viewing humanitarian cooperation as an instrument for reducing interstate contradictions and overcoming regional fragmentation.

Thus, contemporary Uzbekistan is carrying out a conceptual rethinking of the historical experience of interaction between Central and South Asia in relation to the realities of the twenty-first century. By developing the “Termez Dialogue” platform and stimulating trans-regional connectivity, Tashkent is transforming historical memory of a single civilisational space into a viable mechanism of multilateral integration, humanitarian partnership and indivisible regional security.

Alisher Sabirov

Doctor of Historical Sciences

Nizami National Pedagogical University

of Uzbekistan

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

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

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

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

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

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

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

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

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

President Shavkat Mirziyoyev familiarized himself with the proposals on improving the quality of pre-school and school education and the system of professional development of teachers.

Students' interest in subjects and their academic performance largely depend on the knowledge and skill of teachers. Therefore, necessary conditions are being created for teachers' professional development and the system of knowledge assessment is being improved.

The responsible persons reported on the developed proposals in this sphere.

It was noted that a new certification system based on advanced technologies has been introduced. More than 190 thousand teachers took part in it, 51 thousand teachers were promoted to the new category based on the results.

It was emphasized that it is necessary to constantly stimulate the increase in the number of professional and self-educated teachers in schools.

It was proposed to increase the salaries of teachers with the highest and first qualification category from September 2025.

It was instructed to develop and implement a separate professional development program for teachers who have not been certified and do not have sufficient experience.

In this process, it is necessary to make full use of the possibilities of professional development centers and teacher training colleges. To this end, based on the experience of the Presidential Schools, a system of professional development for the heads and teachers of kindergartens and schools will be organized at the Abdullah Avloni National Research Institute with a frequency of every 5 years.

A task has been set to transfer 11 pedagogical colleges in the regions under the authority of the Centers of Professional Development and attract trainers from abroad.

It was informed that kindergartens and schools, technical schools and "Barkamol Avlod" school will be established on the basis of teacher training colleges with low workload.

In order to disseminate best practices, the evaluation system of Presidential Schools was introduced in 500 schools last year. As a result, student achievement in these schools increased from 53 percent to 59 percent. A bonus of up to 40 percent has been set for school leaders and teachers of high-performing schools.

In this regard, starting from the new school year, this evaluation system will be applied in another 1,000 schools. They will be assigned to 182 specialized schools and 500 schools that have tested the system.

Also 270 schools will be equipped with interactive whiteboards, 365 schools will be provided with computer classes.

The presentation also considered a proposal to establish the National Institute of Pedagogy of Education on the basis of the Research Institute of Pedagogical Sciences of Uzbekistan named after Kary-Niyazi. The new institute will be entrusted with the tasks of strengthening makhalla-parents-school cooperation, creating educational literature for parents and children, and scientific research of didactic views of the Jadids. Activity of the Academic Council on 5 specialties will be organized, as well as training of personnel in master's and doctoral studies.

In addition, the issues of introducing international methods in the schools of sportsmanship of Bakhodir Jalolov and Oksana Chusovitina, improving the quality of education and training were touched upon.

The head of state gave instructions on improving the quality of teachers' training, organizing a fair system of evaluation and incentives.

The capital of Uzbekistan will host the 17^th Central Asian International Textile Machinery Exhibition – CAITME 2026. It will inaugurate the traditional Global Textile Days week.

CAITME is a major event for Central Asia's textile and garment industries and, according to an independent audit, the largest specialist exhibition of its kind in the CIS. The exhibition plays an important role in equipping and uprading the region's textile and garment sector, helping manufacturers increase productivity, adopt advanced technologies and strengthen their competitiveness in the international markets.

This year, the exhibition will bring together 250 companies and brands from 17 countries. Germany will be represented by its National Pavilion, while companies from Austria, India, Italy, China, Turkiye, the USA, Switzerland and other leading textile-producing countries will also take part. Registration of participants is in full swing.

As in previous years, the exhibition will feature recognised global leaders in textile machinery manufacturing and suppliers of advanced technologies from Europe and Asia, including Rieter, Uster, Novibra, SSM, Spindelfabrik Sussen, Toyota, Muratec, Truetzschler, Saurer, Picanol, Santoni, Terrot, Habasit, MHMS, Vandewiele NV, Karl Mayer, Staubli, IRO, Biancalani, Ferraro, Epson, Zimmer Austria, Mario Crosta, Itema, Lafer, Motex Di Modiano Guido, Salvade`, Simet, Dettin, Sclavos, Effe, Mahlo, Lonati, Shima Seiki, Andritz Küsters, Brückner, Carl Schmale, Sossna, Texpa, Thies, Groz-Beckert KG, Kaeser Kompressoren, Schott & Meissner, Textima, Tetas, Temsan, Lakshmi Machine Works, Lakshmi Card Clothing, Precitex, Kansai, Brazzoli, Eliar, Guven Celik, West Global, CTMTC, Hengyi, Leadsfon, Rifa, Yingyang, Baoyu, Dyestar, NF Kimya, Eksoy, Deniz Kimya and many more.

Uzbekistan is represented by leading industry players.                    

A highlight of the exhibition will be the innovative TextileExpo Uzbekistan Sourcing Hub Project, which will take place on September 9^th. For the first time in Uzbekistan, textile manufacturers and buyers from retail chains, factories and specialist companies will be able to hold direct business-to-business negotiations in a digital format using Artificial Intelligence.

                                                                                      Dunyo IA

In connection with the advent of Eid al-Adha, the holy holiday of Eid al-Adha, which embodies such noble values as mercy, generosity, humanism and harmony, and promotes an atmosphere of mutual respect and tolerance in society, President of the Republic of Uzbekistan Shavkat Mirziyoyev has received heartfelt congratulations from the heads of foreign States and governments, respected public and religious figures and heads of leading international and regional organizations.

In their messages, they express to the head of our state and the multinational people of Uzbekistan words of sincere respect, wishes for peace, well-being and prosperity, as well as reaffirm their commitment to the full strengthening of relations of friendship and multifaceted cooperation.



Congratulations, in particular, were sent to:

The Minister, Two Holy Shrines, King Salman bin Abdulaziz Al Saud of Saudi Arabia;

Crown Prince Muhammad bin Salman bin Abdulaziz Al Saud, Chairman of the Council of Ministers of Saudi Arabia;

President Recep Tayyip Erdogan of the Republic of Turkey;

Abdelfattah Al-Sisi, President of the Arab Republic of Egypt;

President of the Republic of Kazakhstan Kassym-Jomart Tokayev;

President of the Kyrgyz Republic Sadyr Zhaparov;

President of the Republic of Tajikistan Emomali Rahmon;

President of Turkmenistan Serdar Berdimuhamedov;

National leader of the Turkmen people, Chairman of the Khalk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov;

Ilham Aliyev, President of the Republic of Azerbaijan;

Sheikh Muhammad bin Zayed Al Nahyan, President of the United Arab Emirates;

Vice President, Prime Minister of the United Arab Emirates, Ruler of the Emirate of Dubai, Sheikh Mohammad bin Rashid Al Maktoum;

Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of Presidential Affairs of the United Arab Emirates;

Shaikh Seif bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Interior of the United Arab Emirates;

Turki bin Muhammad bin Fahd bin Abdulaziz Al Saud, Minister of State and member of the Council of Ministers of Saudi Arabia;

Emir of the State of Kuwait Mishaal Al-Ahmad Al-Jaber Al-Sabah;

Crown Prince of the State of Kuwait Sabah Khaled Al-Hamad Al-Muborak Al-Sabah;

King Abdullah II of the Hashemite Kingdom of Jordan;

King Muhammad VI of Morocco;

Abdelmajid Tebboun, President of the People's Democratic Republic of Algeria;

Mahmoud Abbas, President of the State of Palestine;

Secretary General of the Organization of Turkic States Kubanychbek Omuraliev;

Secretary General of the Economic Cooperation Organization, Khusraw Noziri;

Secretary General of the Organization of Islamic Cooperation Hussein Ibrohim Taha;

Sheikh-ul-Islam Allahshukur Pashazade, Chairman of the Caucasus Muslims Board.

Congratulations continue to pour in.

At present, Uzbekistan is entering an entirely new stage of development, which is vividly demonstrated by the comprehensive reforms being carried out in all spheres. Profound transformations in domestic and foreign policy, socio-economic life, cultural and spiritual-educational fields are reflected in the lifestyle of our people.

At the initiative of the President of the Republic of Uzbekistan Shavkat Mirziyoyev, and based on the unity of the people, the “Uzbekistan – 2030” Strategy was adopted, serving as a solid legal and practical foundation for national renewal. The reforms implemented under this program create conditions for improving the well-being of citizens and ensuring the sustainable development of the state and society.

In recent years, special attention has been paid in our country to strengthening the atmosphere of mutual respect, solidarity and cooperation among various religious confessions, supporting intercultural dialogue, and ensuring peace and harmony, which has been widely recognized by the international community.

It is noteworthy that on 19 September 2017, at the 72nd session of the UN General Assembly in New York, the President of Uzbekistan Shavkat Mirziyoyev put forward an initiative which found its practical embodiment in the adoption, at the following session of the UN General Assembly in 2018, of a special resolution entitled “Enlightenment and Religious Tolerance”. The draft prepared by Uzbekistan was unanimously approved by all UN member states.

This resolution gained particular significance as it placed education and enlightenment at the forefront as an effective means of countering global threats – extremism and terrorism – especially at a time of growing intolerance and uncompromising attitudes towards representatives of different religions and beliefs.

As a logical continuation of this work, in 2022 the international forum “Dialogue of Declarations” was held with the aim of implementing the principles and provisions of the resolution “Enlightenment and Religious Tolerance”, as well as achieving the goals of the National Human Rights Strategy of the Republic of Uzbekistan, approved in 2020.

The main outcome of this meeting was the adoption of the “Bukhara Declaration,” which supplemented earlier declarations adopted in Marrakesh, Mecca, Jakarta, Potomac and Punta del Este. This document became an important contribution of Uzbekistan to strengthening the ideas of religious tolerance and interethnic harmony at the international level.

It is important that this dialogue has become a regular tradition: on 10–13 September of this year, the second international forum “Dialogue of Declarations” is scheduled to take place in Tashkent and Samarkand.

This forum represents an integral part of the international community’s efforts to ensure freedom of religion and to strengthen interfaith dialogue, as well as a demonstration of Uzbekistan’s readiness to actively promote at the global level its firm adherence to international obligations in the field of human rights and freedoms.

It should be emphasized that while in many parts of the world fundamental rights – to life, education, work, self-realization, and freedom of religion – are being violated, in Uzbekistan representatives of more than 130 nationalities and 16 confessions live peacefully on the basis of tolerance. The ability of people of different faiths to freely and safely perform their religious rites is a key factor of social stability.

Currently, there are 2,373 registered religious organizations in Uzbekistan, of which 2,174 are Islamic and 199 are non-Islamic. Over the past eight years, 130 religious organizations have been registered, including 3 higher and 1 secondary special Islamic educational institutions, 105 mosques and 25 non-Islamic organizations of various confessions.

The legal foundation for these transformations is the Concept of State Policy on Ensuring Freedom of Conscience of Citizens and in the Religious Sphere, adopted by the Law of the Republic of Uzbekistan No. 1037 of 25 February 2025.

The Concept affirms the right to freedom of conscience and the constitutional principle of the secular nature of the state, and defines the goals, objectives, principles and priority directions of state policy in the religious sphere. It was developed on the basis of the rich national-historical experience of statehood and universal values, and is aimed at ensuring a stable environment for the progressive development of Uzbekistan’s multiethnic and multi-confessional society on the basis of democracy, secularism, freedom, equality, social justice and solidarity.

Within a short period, major scientific and educational institutions were established, such as the Center of Islamic Civilization in Uzbekistan, international research centers named after Imam Bukhari, Imam Maturidi, Imam Termizi, Bahauddin Naqshband, the International Islamic Academy of Uzbekistan, the School of Hadith Studies in Samarkand, and the Mir Arab Higher Madrasa in Bukhara.

These institutions contribute significantly to ensuring a healthy spiritual environment in society, educating the younger generation as modern-minded individuals worthy of their great ancestors, in line with the noble universal idea “Enlightenment against Ignorance”.

If in 2017 the country had only 3 higher (1 Islamic and 2 non-Islamic) and 9 secondary special religious educational institutions, today their number has reached 16, of which 6 are higher institutions.

To further develop this sphere and elevate it to a new stage, a Presidential Decree “On measures to further strengthen guarantees of the right of citizens to freedom of conscience and to bring reforms in the spiritual-educational sphere to a new level” was signed. This document was positively received not only by representatives of the religious-educational sphere, but also by the wider public.

It is also worth noting that in recent years anniversaries and events of non-Islamic confessions have been held at a high level, alongside Islamic ones. These include the 145th (2017) and 150th (2021) anniversaries of the Russian Orthodox Church Diocese of Tashkent and Uzbekistan, the 120th anniversary of the Armenian Apostolic Church (2023), the 25th (2018) and 30th (2023) anniversaries of the Bible Society of Uzbekistan, the 200th anniversary of the birth of Baha’u’llah (2017), the 200th anniversary of the birth of the Bab (2019), and the 100th anniversary of the passing of ‘Abdu’l-Baha (2022). These events are vivid examples of peace and tolerance in our country.

At the same time, special attention has been paid to enabling believers of various religions to make pilgrimages abroad. In particular, nearly 500,000 citizens have performed Hajj and Umrah, and more than 10,000 people have visited holy sites in Israel, Russia, Georgia, Turkey and other countries.

In conclusion, it should be noted that for thousands of years Uzbekistan has been an integral part of the Great Silk Road, making a worthy contribution to the development of world civilization. Trade, science and cultural centers here have always flourished, while tolerance, hospitality and respect for representatives of different cultures have been key factors of progress.

Today, the traditions and customs of different peoples in Uzbekistan continue to develop in harmony. The consistent policy in the spiritual-educational sphere pursued under the leadership of the President of the Republic of Uzbekistan Shavkat Mirziyoyev serves as an important foundation not only for ensuring peace, stability and harmony in our country, but also for their promotion globally.

The broad participation of representatives from different countries in the upcoming second international forum “Dialogue of Declarations” is clear evidence of the high international recognition of Uzbekistan’s state policy in ensuring freedom of religion and interfaith harmony.

Davronbek Maksudov,

First Deputy Chairman

of the Committee on Religious Affairs

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The current and future development of Uzbekistan's economy is directly determined by the freedom of the private sector, equal and favorable opportunities created for businesses, and robust legal protections. The Open Dialogue between the Head of State and entrepreneurs, which has become a solid tradition in our country, is not merely another routine event. Instead, it serves as the primary mechanism of a direct, pragmatic, and highly effective strategic alliance between business and government. This direct platform enhances the country's investment attractiveness while playing a crucial role in supporting national businesses and unlocking new opportunities.

Practical Results and Benefits

Direct, face-to-face interaction with the President has emerged as the most powerful driver for fundamentally improving the country's business climate. The systemic decisions made and incentives granted within this platform have delivered tangible, practical benefits to business entities rather than remaining on paper. Below are select outcomes demonstrating the impact of these strategic initiatives:

Transformation of the Financial and Credit System

The government optimized the direct financing procedures for large state-owned enterprises, shifting the focus toward directing banking resources to private sector projects. The Business Development Bank, microfinance institutions and banks, factoring services, venture capital funds, and industrial support funds were established. A state guarantee system for entrepreneurs' bank deposits was also introduced.

Land, Property, and Infrastructure Reform

Land parcels and real estate were transformed into full-fledged economic assets. Taxes on land acquired through auctions were adjusted, payment installment periods were extended, and incorporating land into charter capital was permitted. Changing the intended use of land was simplified via a unified classifier. Energy limits were regulated, and private capital was attracted to the development of mineral deposits and subsoil resources.

Foreign Trade, Logistics, and Exports

The economy pivoted toward WTO accession and integration into global supply chains. Monopoly and exclusive rights in foundational sectors such as metallurgy, chemicals, and energy were abolished. Subsidies for pre-export financing, logistics, and international certification were expanded. The "E-logistika" platform was launched to ensure transparent distribution of transport permits, and the VAT refund mechanism for export operations was simplified.

IT, Services, and Innovation

The state implemented joint-equity co-financing models and patent fee reimbursement mechanisms to boost IT sector development, artificial intelligence, and startups. A VAT cashback mechanism and corporate income tax reductions were introduced for the catering, tourism, and hospitality sectors. Certification and consulting services in construction and tourism were transitioned to the private sector.

Liberalization of Tax and Oversight Systems

Tax administration was enhanced: the VAT "tax-gap" coefficient was abolished, and a transparent rating system for compliant businesses was introduced. A moratorium was declared on the application of new penalties. Commercial banks were prohibited from forcing collateral into unauthorized liquidation and unlawfully suspending business activities.

Legal Protection and Local Manufacturing

The authority of state bodies to confiscate property without a court order or cancel land allocation decisions was restricted. The statute of limitations for tax disputes was reduced to three years. To support domestic manufacturers, a "local content" requirement in public procurement and a system of long-term guaranteed orders were established.

Representatives of the business community feel the real impact of the platform in their daily operations.

Shavkat Kholboev, head of the "AslCab" enterprise, states: "Based on proposals submitted during last year's Open Dialogue, an automated electronic VAT refund system for exports was launched. Consequently, our enterprise recovered approximately 10 to 12 billion UZS in working capital within a short period, channeling these funds into purchasing raw materials and expanding our export footprint."

Firat Deniz, a foreign investor and owner of a major textile enterprise, emphasizes: "The Open Dialogue with the President is one of the most effective platforms globally for directly hearing and protecting investor interests. My proposal to create additional opportunities for enterprises exporting over $50 million annually was immediately supported and implemented."

Preparations for the 6th Open Dialogue: Numbers and Analysis

In preparation for the upcoming 6th Open Dialogue, a Republican Headquarters comprising representatives from over 50 ministries and agencies was established on May 15, operating around the clock (24/7). Nearly 6,000 inquiries have been received via call centers and official bots. As part of the processing efforts, over 4,200 inquiries were resolved positively, while approximately 1,800 remain under review.

By topic, the inquiries include: over 940 regarding strengthening legal protections for entrepreneurs, over 910 on banking issues, over 750 on production space allocation, nearly 680 on simplifying business regulations, over 660 on infrastructure provision, nearly 530 on tax system improvements, and over 480 on financial support for business. Regionally, the highest volume of inquiries originated from Kashkadarya region, Tashkent city, Samarkand region, and Fergana region.

Additionally, responsible organizations conducted over 750 meetings attended by more than 8,800 entrepreneurs, raising over 3,500 proposals and issues. Furthermore, over 130 meetings organized by the Business Ombudsman and the Chamber of Commerce and Industry brought together more than 5,700 entrepreneurs who raised nearly 1,500 issues. Expert groups are analyzing 300 systemic problems identified during these sessions, the majority of which cover: simplifying business regulation (nearly 70), improving the tax system (60), and foreign economic activity and investment (over 50). Proposals are being developed in collaboration with relevant ministries and agencies to address these issues fundamentally and improve current legislation.

Abdumannop Buriev, Business Ombudsman under the President of the Republic of Uzbekistan for the Protection of Rights and Lawful Interests of Entrepreneurs, highlighted priority areas in the sector: "We focus primary attention on building a preventive system that averts issues before they arise and protects entrepreneurs' rights early on. Through extensive digitization and the integration of electronic resources into a unified network, potential risks are eliminated in advance. The live dialogues held ahead of the main event create a solid foundation for modern tools that protect business from both legal and digital standpoints."

Davron Vakhabov, Chairman of the Chamber of Commerce and Industry of Uzbekistan, emphasized the positive momentum: "Today, the private sector has become the primary driving force of our national economy. Regular open dialogues and the systemic decisions arising from them offer invaluable opportunities for entrepreneurs to expand their operational scale, increase export capacity, and strengthen competitiveness in international markets."

Preparations for the President's upcoming Open Dialogue are entering their final stage. Every submitted proposal and inquiry serves to further improve the business environment in our country. We invite all entrepreneurs and investors to actively participate in shaping the agenda for the upcoming high-level dialogue. Inquiries and proposals are accepted 24/7 via phone numbers 1100 and 1094, web platforms business.gov.uz and my.chamber.uz/ochiq_muloqot/oz, as well as Telegram communication channels @biznesombudsmanrasmiy_bot and @ochiqmuloqot2026_bot.