In recent years, the Republic of Uzbekistan has embarked on a structured and institutionally grounded transition toward a green economy, positioning sustainability as a core driver of long-term economic resilience, competitiveness, and global integration.

This transformation reflects a comprehensive approach that combines policy reform, market-based instruments, and active international cooperation, enabling the country to move from strategic commitments to measurable outcomes.

The foundation of Uzbekistan’s green transition was laid through the adoption of a comprehensive policy framework in 2022, which established strategic priorities for green growth through 2030. This framework includes sectoral energy efficiency concepts, a national green growth program, and a detailed action plan.

Importantly, the government has set clear quantitative targets, including reducing the energy intensity of GDP by 20 percent by 2026 compared to 2022 levels. Institutional capacity has also been strengthened through the establishment of interagency coordination mechanisms and donor engagement platforms, ensuring coherent implementation across sectors. 

A major milestone in the reform process has been the introduction of a green energy certificate system, which enables verification that electricity is generated from renewable sources. This system has facilitated the development of a transparent renewable energy market and strengthened the ability of domestic producers to access environmentally regulated export markets.

To date, more than 446,000 green energy certificates have been issued and traded, reflecting growing demand for clean energy solutions and increasing private sector engagement.

Uzbekistan has taken a pioneering role in Central Asia in developing carbon market mechanisms. In cooperation with the World Bank, the country is implementing innovative approaches to carbon trading in line with Article 6 of the Paris Agreement.

Through initiatives such as the iCRAFT project, supported by the Transformative Carbon Asset Facility (TCAF), Uzbekistan is mobilizing up to $46.2 million in climate finance between 2024 and 2028. Initial results include the reduction of approximately 10 million tons of CO₂-equivalent emissions and the attraction of around $15 million in funding.

At the same time, regulatory frameworks for international carbon trading and emissions accounting are being developed, positioning Uzbekistan for full participation in global carbon markets. 

A key achievement has been the adoption of the Law on Limiting Greenhouse Gas Emissions in 2025, which establishes the legal foundation for emissions regulation, national registries, and climate policy instruments.

Complementing this, Uzbekistan has introduced a national transparency system to monitor progress toward its Nationally Determined Contributions (NDCs). This system enhances data reliability, strengthens accountability, and builds trust among international investors and development partners. 

Uzbekistan is actively developing a national green finance ecosystem aimed at mobilizing public, private, and international capital. Policy efforts include the development of green financing frameworks, institutional mechanisms, and project pipelines.

International partners play a critical role in this process. Cooperation with institutions such as the European Bank for Reconstruction and Development has enabled the implementation of green financing programs, including the Green Economy Financing Facility (GEFF), channeling substantial resources into energy efficiency and sustainable technologies.

Furthermore, Uzbekistan’s participation in the Climate Investment Funds Industrial Decarbonization Program provides access to up to $250 million in concessional financing, significantly expanding the scale of green investments. 

The transition to a green economy is closely linked to industrial modernization.

Uzbekistan is implementing targeted programs to support enterprises in adopting low-carbon technologies, improving resource efficiency, and enhancing competitiveness.

Partnerships with international organizations, including German development institutions, are facilitating policy development, capacity building, and practical support for small and medium-sized enterprises in reducing emissions and transitioning to sustainable production models.

Uzbekistan continues to strengthen its role in global climate governance through active international engagement. The country has joined the Global Methane Pledge, committing to reduce methane emissions by at least 30 percent by 2030.

Bilateral cooperation is expanding through mechanisms such as the Joint Crediting Mechanism (JCM) with Japan, as well as climate partnerships with the Republic of Korea, Germany, and Hungary under the Paris Agreement framework.

In addition, the Ministry of Economy and Finance has joined the Coalition of Finance Ministers for Climate Action, reflecting the integration of climate considerations into macroeconomic and fiscal policy. 

Digital transformation plays an increasingly important role in supporting green reforms. Uzbekistan has launched a national online platform that consolidates data on green projects, regulatory frameworks, and international practices.

This digital infrastructure enhances transparency, supports evidence-based policymaking, and improves coordination across institutions.

Uzbekistan’s transition to a green economy represents a comprehensive and forward-looking reform agenda that integrates institutional development, market mechanisms, and international cooperation.

The progress achieved to date demonstrates a clear shift from policy design to effective implementation. By strengthening governance frameworks, mobilizing green finance, and fostering global partnerships, Uzbekistan is building a resilient and sustainable economic model.

In the long term, the green transition is expected to serve not only as an environmental imperative but also as a key driver of economic growth, investment attractiveness, and deeper integration into the global economy.

Ministry of Economy and Finance

of the Republic of Uzbekistan

The third decade of the 21^st century is shaping up to be a complex yet opportunity-rich period for the international relations system.

In this context, trust can be viewed today as a unique form of developmental capital. This is because in an environment where political trust exists, economic cooperation expands, investment climates improve, transport and logistics links develop and scientific and technological exchanges accelerate. Most importantly, nations begin to seek solutions to common problems through collaboration rather than in isolation.

Central Asia’s role as a region of peace, trust, and cooperation has also achieved international recognition within the framework of the United Nations General Assembly. In 2025, Uzbekistan delegation to the UN emphasized that joint efforts aimed at strengthening mutual trust, expanding economic and humanitarian ties and ensuring stability in Central Asia are shaping a new regional agenda based on equality, solidarity and shared responsibility. 

Adoption of a resolution at the UN General Assembly in May 2026, aimed at strengthening regional cooperation and economic integration to ensure sustainable development in Central Asia, served as a logical continuation of this process. It places special emphasis on promoting innovation, creating new jobs, ensuring long term sustainable economic growth and further developing good-neighborly relations among Central Asian nations.  

In Uzbekistan’s contemporary foreign policy, transforming Central Asia into a peaceful, stable and prosperous region is viewed as a top priority. The Consultative Meetings of the Heads of State of Central Asian nations have become an important mechanism for coordinating positions, advancing shared initiatives and strengthening mutual trust on an institutional basis. 

Today's Asia is one of the leading spaces for the global economy, industry, innovation and technological progress. However, the long-term future of the continent is not determined solely by economic growth rates. Asia's true potential also depends on the ability of states with diverse political, economic, and cultural systems to cooperate around shared interests. 

From this perspective, the meaning of “connectivity” in modern international relations is also evolving. While it was previously explained primarily through transport and trade routes, today it manifests as a complex phenomenon encompassing transport, energy, digital infrastructure, science, education and people-to-people ties. 

A technological innovation created in one country can increase the efficiency of another nation's economy, and joint scientific research can offer a solution to a pressing issue for the entire region. For this reason, the new Asian model must rely not only on the movement of goods and capital but also on the free exchange of knowledge, technology and human capital. 

In this regard, the cooperation between Central Asia and the Republic of Korea serves as a promising example. At the first “Central Asia – Republic of Korea” Summit held in Seoul in September 2026, security, practical economic cooperation and humanitarian exchanges were discussed as priority areas. Uzbek side particularly emphasized the open, pragmatic, and constructive nature of this partnership. 

Value of such formats lies in the fact that they enrich traditional diplomatic relations with concrete economic, technological, scientific and educational projects. As a result, mutual trust transcends the level of political declarations and begins to manifest in practical outcomes. 

One of the strongest foundations for sustainable peace is mutual understanding between people. Education, science and culture play an incomparable role in shaping it. 

Political agreements establish the legal and institutional framework for relations between states. However, long-term trust between nations is primarily strengthened by people who understand each other's language, history, culture and values. 

Therefore, viewing universities merely as educational institutions that train personnel no longer fully meets the demands of the modern era. A modern university is a space where scientific ideas are generated, different cultures engage in dialogue, youth gain international experience and long-term intellectual ties are formed between states. 

Educational cooperation between Uzbekistan and the Republic of Korea

demonstrates noteworthy experience in this regard. Cooperation in higher education, vocational training, science and technology is expanding, making education a vital area of bilateral relations that shapes human capital. In particular, the need to train specialists who do not simply import modern technology but understand, adapt and develop it under local conditions is becoming increasingly urgent. 

Conceptual significance of this approach is that the education-science innovation-production chain ensures the stability of international cooperation alongside economic development. Joint scientific laboratories, academic exchange, mobility of professors and students, and international research projects build professional trust between states. Over time, professional trust transforms into intersocietal trust.  In this sense, international cooperation focused on education can be evaluated as a long-term investment in peace. Looking at this issue through the example of Bukhara, one can see a unique continuity between history and the present day. As one of the vital crossroads of the Great Silk Road, Bukhara has served for centuries not only as a hub for trade but also for science, education, culture and the exchange of ideas. 

This historical experience carries significant meaning for the modern era as well. Having connected peoples and civilizations through caravan routes in ancient times, Bukhara can contribute to dialogue between different countries today through international education, scientific cooperation and academic diplomacy. 

At Bukhara State University, we approach international cooperation precisely from this perspective. Joint educational programs with foreign higher education institutions, scientific research, international conferences, academic mobility and the exchange of professors and students are not isolated directions of the university's international activity. They serve a single purpose — bringing peoples closer together through knowledge and strengthening mutual trust through scientific cooperation. 

In this process, role of youth is especially critical. A student participating in an international academic program today may become a scientist, engineer, entrepreneur, diplomat or public administration specialist tomorrow. Their experience of communicating with representatives of other nations and cultures today will undoubtedly influence their future professional decisions. 

Therefore, it is not enough to evaluate the results of cooperation between universities simply by the number of signed memorandums or implemented projects. Its most significant outcome is the formation of a new generation that understands one another and can cooperate for the sake of common goals. 

United Nations Sustainable Development Goals also define the formation of peaceful and inclusive societies as an indispensable condition for sustainable development. This approach is no coincidence. Where there is no peace, long-term investment is difficult; in an unstable environment, scientific research and innovation slow down; and under conditions of distrust, states are forced to spend their resources on risk management rather than development.  Therefore, when thinking about sustainable development in Asia, it is necessary to view three interconnected concepts as a single whole: peace, trust and human capital. Peace creates a stable environment for development. Trust expands cooperation between states, institutions, and societies. Human capital, in turn, transforms these opportunities into scientific, technological, economic and social outcomes. 

Support for the initiative to strengthen regional cooperation and economic integration in Central Asia at the UN General Assembly in 2026 also shows the intrinsic link between peace, good-neighborliness, and sustainable economic development. 

In today's environment, Asia's future is determined not by the isolated success of a single state, but by the capacity of regional states to collectively find solutions to shared problems. Climate change, water resources, ecological safety, energy, food supply, digital transformation and technological progress are issues that are not restricted by national borders. Their solution also demands transnational cooperation. 

Therefore, modern era requires us to understand peace not merely as the absence of conflicts, but as an active socio-political environment that creates opportunities for development. Trust should be evaluated not as an abstract category of diplomatic relations, but as a practical mechanism for economic and intellectual cooperation.

Asia's progress in the 21st century largely depends on the degree to which we strengthen trust between states, how effectively we establish dialogue, and our ability to place common interests above competition. 

New cooperative environment emerging in Central Asia demonstrates important experience along this path. Open dialogue, good-neighborliness, economic integration and scientific and humanitarian exchanges are shaping a qualitatively new stage of relations between states.  The task now is to further deepen this trust through strong institutions, joint economic and scientific projects, academic exchanges, cultural dialogue and youth cooperation.  After all, peace is not just today's tranquility — it is an opportunity created for future development. Trust, on the other hand, is the force that realizes this opportunity.  Peace builds trust, trust expands cooperation and cooperation creates a solid foundation for sustainable development and shared prosperity.  This principle must become the most essential substance of Asia's future development paradigm.

Obidjon Khamidov 

Rector of Bukhara State University

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

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

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

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

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

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

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

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

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

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

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

Such cooperation opens a number of significant advantages for Uzbekistan:

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

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

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

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

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

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

Dmitriy Trostyanskiy

Chief Research Fellow,

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan,

Doctor of Economic Sciences

The state visit of the President of the Republic of Korea Yoon Seok-yol at the invitation of the President of the Republic of Uzbekistan Shavkat Mirziyoyev has ended.
During the three-day visit, high-level talks were held, at the end of which the leaders signed a joint statement on further deepening and comprehensive expansion of the Special Strategic Partnership. A bilateral set of documents was received.
The heads of state participated in a joint business forum with the participation of representatives of leading Korean companies and banking and financial institutions.
The presidents visited the Technopark in Tashkent and got acquainted with the existing potential for industrial cooperation.
Today, the dialogue between the heads of state continued in Samarkand. The presidents and their wives got acquainted with the historical and architectural masterpieces of the ancient city.
After the end of the visit, President Yun Sok Yol and his wife were escorted by President of the Republic of Uzbekistan Shavkat Mirziyoyev and his wife at the airport.

The text of the article is in Uzbek!

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.

Despite its limited access to the world's major ports, Uzbekistan can fully develop its transportation and logistics industry through the formation of land transport corridors, developing them throughout the Eurasian region. Being located in the center of the crossroads of trade routes during the Great Silk Road, Uzbekistan has a unique opportunity to become an important provider of logistics of cargo flows between China and Southern Europe, on the one hand, and the Indian Peninsula and CIS, Northern Europe, on the other hand.
Landlocked countries account for less than 1% of world exports. Moreover, the share of Central Asian countries in the global export of transport services is very small and is represented in the following proportions: Uzbekistan, which has access to the sea only through two countries – 0.1%, Kazakhstan – 0.3%, Tajikistan – 0.007%, Kyrgyzstan – 0.03%.
However, the transport complex of Uzbekistan maintains a dominant position in foreign trade in services and is one of the main sources of foreign currency inflow into the country. Transport services in the republic form 43% of the total volume of the country's service exports and 65% of the balance of foreign trade in services. Uzbekistan's transport service exports in 2022 amounted to $2.2 billion, and the positive balance of foreign trade in transport services amounted to $1.7 billion.


Figure 1. Uzbekistan’s share in global exports of transport services in 2022, %


Calculated according to UNCTAD and Statistics Agency of the Republic of Uzbekistan
One of the main problems of Uzbekistan's international freight transport is the underutilization of its export and transit potential, which reduces revenues from the export of transport and logistics services. For example, when comparing actual exports in tons, Uzbekistan is behind Russia by 20 times, Turkey by 10 times, and Kazakhstan by 9 times.
In 2023, the volume of interstate cargo transportation in the Republic of Uzbekistan amounted to 62 million tons, which is 16% higher than in 2022. The largest share in the volume of export-import cargo transportation of the republic falls on Kazakhstan (30%), to a lesser extent on Russia (26%), China (10%), and Afghanistan (4%). Rail transport accounts for the largest share (76%) of Uzbekistan's international cargo transportation (export, import, and transit). The export of transport services includes the transit of goods through the territory of Uzbekistan with a total share in the export of railway services of up to 45%.
The unrealized transit crossroads of Eurasia
One of the main global logistics trends is trade between China and the EU. According to the ERAI review, in 2023, the trade turnover between them amounted to 738 million euros, and according to EUROSTAT exceeded 104 million tons. In the current realities, rail transportation between Europe and China is carried out along the Eurasian route through the territories of Kazakhstan, Russia, Belarus; Mongolia and Russia (Naushki border crossing), as well as along the Trans-Caspian International Transport Route – TITR (Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, the Black Sea).
Part of the cargo flows that previously passed through the northern corridor has been redirected to TITR. However, the Eurasian route continues to occupy a leading position. In 2023, a total of 674 thousand TEU passed along this route, which is 1.1% less than in 2022 (681 thousand TEU), but at the same time, in the first half of 2024, the volume of container traffic by China-Europe trains along TITR increased by 12.8% with a volume of 196.6 thousand TEU.
As can be seen, Uzbekistan does not fit into the list of major transit countries between China and the EU in the "Eurasian" and "Trans-Caspian" directions and claims only a part of the target markets mainly in direction along the Southern Corridor through Turkmenistan, Iran, and Turkey.
So, a limited number of international transport corridors pass through the territory of Uzbekistan. The main countries forming the transit of Uzbekistan are neighboring Afghanistan, Kazakhstan, Tajikistan, and Kyrgyzstan, as well as Russia, which is considered an important trading partner for the Central Asian countries. The transport isolation of the region, undiversified transport routes, and limited export deliveries mainly in the northern direction lead to a loss of profit due to the sale of domestic goods mainly to neighboring countries at a fairly low cost.
Transit Priorities
To sell domestic products at competitive world prices, Uzbekistan needs to develop additional export trade routes to other countries, such as China, the Asia-Pacific region, the Middle East, India, Pakistan, and others. This requires competitive and efficient transport and transit corridors that allow for increasing the volume of transit cargo through the Republic of Uzbekistan.
Therefore, the priority directions identified by 2030 for the development of international transport corridors and bringing the volume of transit traffic through the territory of the republic to 16 million tons include the task of increasing revenues from the export of transport services. The key task in this case is to increase the volume of multimodal cargo transportation in the directions of China – Kyrgyzstan – Uzbekistan (Kashgar–Irkeshtam–Osh–Andijan–Tashkent) and Uzbekistan – Afghanistan – Pakistan (Termez – Hairatan – Logar – Karachi).
China - Kyrgyzstan - Uzbekistan. The volume of cargo transportation of the PRC with such countries as Turkey, Iran, Turkmenistan, Afghanistan, and Pakistan in 2023 amounted to almost 50 million tons, with the main volume of cargo transportation carried out by sea transport. Studies have shown that it is possible to attract part of the cargo to the "China–Kyrgyzstan–Uzbekistan" route, in the amount of about 10 million tons, and with the stable organization of cargo transportation along the route, the volume of cargo transportation by 2040 may increase by 4 times.
Uzbekistan – Afghanistan – Pakistan. The geographical proximity to Afghanistan, and further south to Pakistan and India, gives Uzbekistan the opportunity to unlock its existing potential and provide cargo transportation services in export, import, and transit traffic in the direction of South Asian countries (Afghanistan, Pakistan, and India), without competing for existing transport and trade corridors. Therefore, Uzbekistan is extremely interested in trade and transport cooperation with Afghanistan and in the implementation of the Trans-Afghan Railway project "Uzbekistan–Afghanistan–Pakistan." This road will allow establishing a direct rail link between Uzbekistan and Pakistan through the territory of Afghanistan with further access to the ports of the Indian Ocean.
The importance and effectiveness of the "Uzbekistan–Afghanistan–Pakistan" (UAP) project can be significantly increased if it is implemented in parallel with the project of building the "Uzbekistan – Kyrgyzstan – China" (CKU) railway line, which is the shortest way to connect China with Pakistan and India and will allow a multiple increase in the volume of traffic from/to China to the countries of Central and South Asia.
In this regard, within the framework of two strategic projects UAP and CKU, the ongoing activities on formation of new uninterrupted perspective multimodal transport corridors in the region are relevant. In November 2023 in Tashkent within the framework of the ECO Ministerial Meeting the Protocol of the multilateral meeting on establishment of the international multimodal route between Asia-Europe through “Uzbekistan-Turkmenistan-Iran-Türkiye”, was signed.

In November 2023, a Memorandum on mutual Understanding on the creation and development of international transport corridor “Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan” with access to the ports of the Indian Ocean was signed in Tashkent. In April of this year, Termez hosted meetings of transportation agencies and railway administrations of the countries-participants of this corridor, which resulted in the adoption of the Road Map, including the main activities for further development of the corridor.
It should be noted that the abovementioned documents are open for other interested countries to join the transport corridors.
Multifaceted Transport Policy
It should be noted that the policy of forming international transport corridors in Uzbekistan is somewhat different from the policies of several other countries and is aimed at attracting as many countries as possible to the active development of a branched network of transport corridors that ensure efficient foreign trade cargo transportation. As emphasized by the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, at the SCO Summit in Astana on July 4 of this year, "the multivariance of transport corridors is the most important condition for the sustainable development of our entire region."
However, the effective functioning of various corridor options is hindered by the lack of unified Cargo Transportation Rules, a unified Transport Document Standard that would be used on all types of transport, as well as the absence of digital platforms for providing customers with freight transportation services remotely from anywhere in the world. All this slows down the transport integration of Asian countries in the context of developing routes between Central and South Asia, and China, on the one hand, and the integration of Asian countries with European communications on the other.
To solve the problems of different legal and technical standards in freight transportation between European and Asian countries, which hinder the full-fledged transportation of goods without delays, it makes sense to develop new services for logistics and cargo transportation market participants, while applying modern technologies.
These include the production of universal wagons with variable gauge axle systems at the country's industrial facilities, with their further use both in Uzbekistan and southern countries, China and others, as well as the development of a digital platform for online registration of cargo transportation and transportation documents, which will lead to additional revenues from the export of transport services.
In this regard, the initiative of the President of Uzbekistan Shavkat Mirziyoyev, announced in June at the OTS Summit on the formation of a Council of Railway Administrations within the framework of the organization and the placement of its directorate in Tashkent, is relevant. The Council could act as a regulator for the integration of the railways of China, the Asia-Pacific region, South and Southeast Asia with the countries of Central Asia, the Caucasus, and the EU.
To assess the prospects for the coordinated development of transport corridors, a forecast of foreign trade volume was made based on an analysis of panel data using a combined model of two directions of international cargo transportation: China-EU and China-CA. The results of this forecast showed that by 2050, the volume of trade between China and the EU will increase by 4.5 times compared to 2023, and between China and CA - by 5 times. At the same time, the total volume of trade between South Asian countries (India and Pakistan) with trading partners (EU, Russia, China, Belarus, Kazakhstan, Uzbekistan, and Turkmenistan) will increase by 3.8 times compared to 2023.

In the near future, a clearly defined strategy for integrating Central Asian countries into the international transport network can help solve the region's problems and lead to an increase in the export of transport and logistics services and attract cargo flow, and later passenger flow, to the territory of the Asia-Pacific region, South and Central Asia. As the President of Uzbekistan Shavkat Mirziyoyev said: "We are open to cooperation and ready to become a reliable partner in creating new transport corridors and integration projects."

Dildora Ibragimova,
Center for the Study of Transport and Logistics Development Problems under the Ministry of Transport of the Republic of Uzbekistan

Expanding Uzbekistan’s exports and developing industrial cooperation require reliable logistics, access to capital, and stable and predictable conditions in foreign markets. These objectives occupy an important place on the economic agenda of the Conference on Interaction and Confidence Building Measures in Asia (CICA), which brings together 28 member states. The Seventh CICA Summit is scheduled to take place in Baku on 15 October 2026. It will be held during Azerbaijan’s chairmanship, whose priorities include connectivity, digitalization, and sustainable growth.

CICA members include some of Uzbekistan’s key trading partners. In the first half of 2026, China, Russia, Kazakhstan, Türkiye, and Afghanistan together accounted for approximately 53 percent of the country’s total foreign trade turnover. The multilateral platform complements established bilateral relations in areas where the organization of transportation or implementation of investment initiatives requires coordinated participation by several countries.

Cooperation with CIS countries occupies an important place in Uzbekistan’s foreign economic relations. Uzbekistan’s trade turnover with the Commonwealth countries increased from USD 11.8 billion in 2020 to USD 28.1 billion in 2025. In January–July of this year, trade turnover reached USD 18.3 billion, representing a growth rate of 122.7 percent. As of the beginning of August, approximately 5,800 enterprises with capital participation from Russia, Kazakhstan, Azerbaijan, and Tajikistan were operating in Uzbekistan.

Access to different markets requires a network of complementary transport corridors that makes it possible to select delivery routes based on their cost and transit time. At the CICA Summit in Astana in 2022, President Shavkat Mirziyoyev identified the development of production and logistics links between Central Asia and South and East Asia, as well as the Middle East, among the key economic priorities. The knowledge economy and modern technologies were also highlighted as priority areas.

Practical aspects of this agenda were discussed in June 2026 at the Second Termez Dialogue on Connectivity between Central and South Asia. Held with the participation of the CICA Secretariat, the event brought together representatives of 17 CICA member states. Discussions on multimodal routes and digital logistics were accompanied by a visit to the infrastructure of the Termez Cargo Terminal and the Ayritom International Trade Center, which facilitate freight transportation and trade between the regions.

Links with ports in the Caspian region complement the overland transport network by providing access to maritime routes. The conference of heads of ports of CICA member states, held in Baku in September, focused on coordinating maritime, rail, and road transportation, cargo handling, and cooperation among operators.

The transport agenda is closely linked to ongoing work within the CIS aimed at harmonizing technical requirements, ensuring mutual recognition of conformity assessment results, and eliminating non-tariff barriers. Electronic document management helps reduce the time required for cargo clearance and control procedures.

Direct ties between regions and businesses facilitate the identification of partners and platforms for joint projects involving technology transfer, industrial automation, and the development of new materials. Strengthening such ties was a key focus of the First CIS Forum of Regions held in Tashkent in 2025. The CICA Business Council provides additional opportunities for business engagement by promoting cooperation among business associations of CICA member states.

At the CIS Innovative Industry Forum held in Tashkent in April 2026, participants discussed the application of artificial intelligence and cooperation between science and industry.

For small and medium-sized enterprises, participation in such value chains creates opportunities to manufacture components and provide specialized services to large industrial enterprises.

The preparation of joint projects also requires coordination of financing sources. The CICA Financial Summit serves as an additional platform for engagement with relevant national institutions. Its first meeting was held in Astana on 8 September 2026. Its consultative agenda covers development finance, investment cooperation, and digital solutions. For Uzbekistan, this provides an opportunity to present initiatives in logistics, energy, and industry to potential investors and discuss the terms and conditions for their implementation.

Participation in multilateral formats enables Uzbekistan to build on established partnerships when entering new markets and preparing joint projects. The economic impact of such cooperation is reflected in the establishment of new production facilities, long-term export contracts, and an increase in the value added generated in Uzbekistan.

Central and South Asia are increasingly facing the same reality: climate risks are no longer a distant forecast. Droughts, water scarcity, heatwaves, land degradation, dust storms, floods, and pressure on water, food and energy security are already affecting economies, public health, infrastructure, and the resilience of entire regions.

This is why the second meeting of the Termez Dialogue on Connectivity between Central and South Asia is of particular significance. The second meeting is organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan and the Ministry of Foreign Affairs of the Republic of Uzbekistan, in partnership with the Conference on Interaction and Confidence Building Measures in Asia. This format reflects Uzbekistan’s consistent foreign policy direction aimed at strengthening trust, open dialogue, and sustainable connectivity between the regions.

While the first meeting introduced the Termez Dialogue as a platform for bringing the two regions closer together, the new agenda takes the next step: moving from a discussion of connectivity to practical mechanisms for joint climate adaptation and stronger environmental resilience. Its task is to move from conceptual discussions to concrete priorities and practical mechanisms, with joint adaptation to climate change identified among the key areas of cooperation.

Climate as a New Test of Connectivity

Climate change shows how closely water, food, energy, transport, health, and ecosystems are linked. When water availability declines, the impact is not limited to agriculture. It also affects hydropower, food prices, migration, employment, soil conditions, and even regional stability. As extreme heat becomes more frequent, cities, transport systems, healthcare systems, and labour productivity all come under pressure.

The Synthesis Report of the Intergovernmental Panel on Climate Change (IPCC), prepared as part of the Sixth Assessment Cycle, emphasizes that adaptation is already taking place in all regions of the world, but the gap between what is needed and what is being done remains and will continue to grow at the current pace of action. The IPCC also underlines that the most effective responses are not isolated measures, but integrated solutions that connect water management, agriculture, infrastructure, social protection, ecosystems, and population needs.

This is particularly important for Central and South Asia. Both regions depend on mountain watersheds, irrigated agriculture, the resilience of rural areas, as well as stable and secure energy supply and the cross-border movement of goods and people. Climate adaptation, therefore, cannot remain solely a matter of national policy. It must become part of interregional cooperation.

Uzbekistan: The Data Confirm the Urgency of Action

Uzbekistan’s Fourth National Communication under the UNFCCC identifies the country as among the most vulnerable to the impacts of climate change in Central Asia and Eurasia. This vulnerability is linked to accelerated temperature rise, growing water scarcity, glacier retreat, and the increasing frequency of extreme hydrometeorological events.

Water remains an especially sensitive factor. Uzbekistan’s water resources belong to the Aral Sea basin, while the main surface runoff of the Amu Darya and Syr Darya rivers is formed outside the country. This means that Uzbekistan’s climate resilience is directly linked to the quality of regional and interregional cooperation. Water, data, forecasts, infrastructure, and trust become part of one security system.

Cities as a New Frontline of Climate Adaptation

The climate agenda is also becoming increasingly connected with the future of cities. Speaking at the Leaders’ Summit of the 13th session of the World Urban Forum in Baku, President of Uzbekistan Shavkat Mirziyoyev noted that, over the next 15 years, the country’s population is expected to grow from 38 to 50 million people, while the urbanization rate is projected to rise from 51% to 65%.

For Uzbekistan, this is not only a demographic trend but also a climate challenge. Urban growth increases pressure on water, energy, transport, housing, air quality, and green spaces. Therefore, plans for sustainable urbanization — including the development of “green”, “smart”, “safe”, and “15-minute” cities, the expansion of urban greenery, and the introduction of green city principles — are directly linked to climate adaptation.

In this context, the Termez Dialogue can become a platform for exchanging experience not only on water and agriculture, but also on climate-resilient urban development: from reducing the urban heat island effect and saving water to clean transport, digital air quality monitoring, and designing new districts with climate risks in mind.

A New Emphasis: Adaptation as a Practical Development Agenda

The Termez Dialogue can offer an important new approach: to view adaptation not as a response to crises, but as an investment in sustainable development. This changes the very language of climate policy.

Adaptation is not only about building protective infrastructure or responding to emergencies. It is about more accurate forecasting of droughts and floods and data exchange between countries. It is about water-saving agriculture, the modernization of canals, pumping stations, and urban infrastructure. It is about restoring degraded lands and ecosystems. It is about preparing farmers, engineers, hydrologists, energy specialists, and local authorities to operate under new climate conditions.

This is why the Concept of the second meeting of the Termez Dialogue emphasizes the consolidation of efforts by states and partners to develop coordinated and mutually reinforcing approaches to climate adaptation and to reducing the socio-economic consequences of climate and environmental risks.

Why Central and South Asia Must Adapt Together

Climate risks do not recognize borders. Drought in one part of the region can affect food markets in another. Glacier retreat changes river regimes far beyond mountain areas. Dust storms, heatwaves, and extreme rainfall can affect several countries at once. Joint adaptation is therefore a practical necessity.

The IPCC stresses that around 3.3 to 3.6 billion people worldwide live in conditions of high vulnerability to climate change. It also emphasizes that the vulnerability of people and ecosystems is interconnected: the degradation of ecosystems increases risks for people, while social vulnerability reduces societies’ ability to adapt.

For Central and South Asia, this means that resilience must be built across several dimensions at once: water, food, energy, environment, and society. Food and environmental security cannot be strengthened without water. Infrastructure cannot be modernized without climate forecasts. Risks cannot be reduced without trust and information exchange.

Termez as a Place for Climate Partnership

The choice of Termez has both historical and practical significance. Termez is Uzbekistan’s southern gateway and a natural bridge between Central and South Asia. In today’s conditions, this role acquires new meaning: the city is becoming a symbol not only of transport and trade connectivity, but also of climate partnership.

Afghanistan has a particularly important role. The idea of the Termez Dialogue implies the need for the gradual integration of Afghanistan into regional economic, transport, humanitarian, and climate processes with the support of the international community. In the climate agenda, this is especially meaningful: without Afghanistan’s participation, it is impossible to build genuinely sustainable connectivity between Central and South Asia.

What the Termez Dialogue Can Deliver

The Termez Dialogue can become a platform for launching several practical areas of cooperation.

First, the exchange of climate and hydrological data, including forecasts of droughts, floods, glacier changes, and dust storms.

Second, the joint promotion of early warning systems, so that countries can prepare in advance for extreme weather events.

Third, the development of climate-resilient agriculture: water-saving technologies, drought-resistant crops, digital services for farmers, and the restoration of pastures and soils.

Fourth, ecosystem-based adaptation — the restoration of forests, wetlands, mountain and desert ecosystems that themselves serve as natural protection against climate risks.

Fifth, climate-resilient infrastructure — from transport corridors and logistics centres to energy facilities and rapidly growing cities.

From a Common Challenge to Shared Resilience

The main value of the Termez Dialogue is that it allows the climate agenda to be discussed not in the language of alarm, but in the language of joint solutions. Central and South Asia can not only exchange risk assessments, but also create common adaptation mechanisms: from scientific networks and pilot projects to investment programmes and regional standards for resilient infrastructure.

The new climate agenda of the Termez Dialogue is part of the larger idea of connectivity. Genuine connectivity is not only about roads, trade, and energy corridors. It is also about the capacity of countries to jointly protect ecosystems, human health, and the future of coming generations. The Termez Dialogue can become the space where Central and South Asia move from recognizing their shared vulnerability to building shared resilience.

Comprehensive monitoring of key business activity indicators across the regions of Uzbekistan shows growth across all major metrics.

According to оперативные данные from the Tax and Customs Committees, the Central Bank, and the Uzbek Republican Commodity Exchange, the Center for Economic Research and Reforms conducts ongoing monitoring of regional business activity in the Republic of Uzbekistan.

As of January this year, tax revenues demonstrated stable positive dynamics, increasing by 39.2% compared to the same period last year.

The most notable increase in revenues was recorded in the Syrdarya, Navoi, Khorezm, and Kashkadarya regions, where growth rates averaged approximately 49%.

Personal income tax revenues increased by 15.1%, property tax revenues by 19.6%, and land tax revenues by 20.3%.

Customs payments grew by 19.8% year-on-year. The highest growth rates were observed in the Navoi, Jizzakh, and Namangan regions, averaging approximately 67%.

Stable positive dynamics were also recorded in the Samarkand region and the Republic of Karakalpakstan, where revenues increased on average by 31%.

According to the analysis of foreign economic indicators, exports of goods increased by 19.5%. The most significant growth in export deliveries was observed in the Tashkent and Navoi regions, increasing on average by 47%.

At the same time, a notable expansion in lending activity was recorded. During the reporting period, the volume of loans issued by commercial banks increased by 2.7%. The highest growth was observed in the Samarkand, Bukhara, and Khorezm regions, averaging approximately 58%.

The active development of the private sector is confirmed by a significant increase in the number of newly registered business entities. In January 2026, a total of 7,116 new enterprises were registered. The largest number of new business entities was recorded in the city of Tashkent (1,712). Among the regions, the leaders were Tashkent region (735), Samarkand region (610), and Khorezm region (550).

The volume of transactions on the Uzbek Republican Commodity Exchange increased 1.8 times. Growth in exchange activity was recorded in most regions of the country, particularly in the Syrdarya region, where activity increased 11.1 times. In addition, growth was observed in the Khorezm, Surkhandarya, Bukhara, Jizzakh, and Kashkadarya regions, averaging 6.5 times.

Sultonmurod Ozodov,

Center for Economic Research and Reforms

Президент Шавкат Мирзиёев начал свою поездку в Республику Каракалпакстан с ознакомления с промышленным потенциалом региона.

Совместное предприятие “Nukus Eleсtroapparat” было введено в строй в 2017 году, оно производит силовое оборудование для электросетей. В июне текущего года здесь был запущен проект по изготовлению солнечных панелей стоимостью более 10 миллионов долларов. Оборудование было доставлено и установлено из Республики Корея. Производственный процесс полностью автоматизирован. Годовая мощность проекта составляет 273 тысячи единиц.

Это будет способствовать дальнейшему внедрению альтернативной энергетики в нашей стране. На сегодняшний день в различных сооружениях и домах установлены солнечные панели общей мощностью 600 мегаватт. Этот процесс продолжается.

Наряду с локализацией востребованной на внутреннем рынке продукции совместное предприятие получило возможность экспортировать продукцию на 4 миллиона долларов. Обеспечено работой 70 человек.

Глава нашего государства ознакомился с технологическим процессом, побеседовал с работниками. Ответственным лицам даны указания по увеличению количества таких предприятий и производству ими продукции с высоким спросом на рынке.

Здесь же была представлена продукция, производимая предприятиями отрасли.

На самом заводе установлены солнечные панели мощностью 125 киловатт. Полученная электроэнергия используется для внутренних нужд, а излишки реализуются в региональную электросеть.

За последние годы в нашей стране за счет инвестиций в размере 2 миллиардов долларов введены в эксплуатацию 10 солнечных и ветряных станций общей мощностью 2,6 гигаватта. Также ведется работа по 32 "зеленым" проектам мощностью 18,6 гигаватта общей стоимостью 19 миллиардов долларов. В целом к 2030 году намечено довести долю возобновляемых источников энергии в энергетическом балансе до 40 процентов.

Today, the combined economic potential of the OTS countries exceeds $2.1 trillion. In 2025, the economies of these countries grew by 6.8 percent. Uzbekistan’s trade turnover with OTS countries reached $10.8 billion in 2025.

These figures demonstrate the significant potential for economic cooperation across the Turkic world.

Turning Economic Initiatives into Practical Mechanisms

A key aspect of Uzbekistan’s approach within the OTS is its focus on strengthening economic cooperation through concrete mechanisms and projects. Currently, practical cooperation is being carried out in more than 35 areas within the Organization. Uzbekistan has also put forward the idea of creating a “Space of New Economic Opportunities” in the near future, bringing together favorable conditions for trade, business, and mutual investment, as well as the necessary legal framework and infrastructure.

The President of the Republic of Uzbekistan has also proposed establishing a Permanent Council on Economic Partnership of the Turkic States and locating its Project Office in Tashkent. Such a mechanism could help move from discussing economic initiatives to their systematic preparation and implementation.

Another important initiative put forward by Uzbekistan is the establishment of a Turkic States Industrial Alliance. Cooperation in such sectors as mechanical engineering, electrical engineering, mining, petrochemicals, pharmaceuticals, textiles, food processing, and construction materials could enable the formation of new production chains across the OTS region. In this regard, a cooperation model based on the principle of “raw materials – processing – science and technology – finished products” is of particular importance.

For Uzbekistan, this model could, on the one hand, facilitate the integration of domestic producers into major regional value chains and, on the other, support the production of higher value-added goods and the expansion of export destinations.

Transport Connectivity as the Economic Foundation of Integration

Uzbekistan’s geographical location makes transport connectivity a strategically important area of economic integration within the OTS. As a landlocked country, the development of new transport corridors is one of the key factors determining the competitiveness of Uzbekistan’s foreign trade.

In this regard, the development of the Middle Corridor and its connection with the China–Kyrgyzstan–Uzbekistan railway currently under construction could create new economic opportunities. In the future, connecting this system with the Trans-Afghan Corridor could further strengthen Central Asia’s potential to become a major transport hub linking the markets of East Asia, South Asia, the Caucasus, Türkiye, and Europe.

New Financial Infrastructure

Deepening economic integration also requires institutions capable of financing it. In this regard, the establishment of the Turkic Investment Fund has marked a new stage in cooperation within the OTS. The Fund is focused on developing trade and economic cooperation, financing joint projects, and supporting small and medium-sized enterprises.

The launch of the Fund’s operational activities in 2026, along with the establishment of the OTS Council of Central Bank Governors and the Turkic Council for Green Finance, demonstrates that the financial infrastructure of a common economic space is gradually taking shape.

Uzbekistan supports efforts to combine the resources of the Turkic Investment Fund with those of other international financial institutions. In particular, it has proposed establishing strategic cooperation between the Fund and the Islamic Development Bank, the European Bank for Reconstruction and Development, as well as other international and national financial institutions.

Such an approach could enable the OTS to combine its own financial resources with international capital and expand opportunities for financing large-scale infrastructure, industrial, energy, and green projects.

Digital Economy – A New Frontier of Integration

The next major growth area for economic integration among the Turkic states is linked to the digital economy and artificial intelligence.

At the informal OTS summit held in Turkistan in 2026, Uzbekistan proposed establishing a strategic cooperation network in the field of artificial intelligence and developing a “Digital Turkic Corridor Concept”. The concept is aimed at interconnecting data centers across the region through high-speed communication networks, developing a unified modern digital space, and creating a new market for technology-based services.

This initiative is particularly important for Uzbekistan. The country’s geographical position in Central Asia could strengthen its future role not only as a transport hub, but also as a center for digital transit and data exchange.

Green Economy and New Markets

New sources of growth for the Turkic states are not limited to traditional industries. Renewable energy, green hydrogen and ammonia, critical minerals, organic agriculture, and environmental technologies are emerging as promising areas of cooperation.

The “Green Transformation” Consortium proposed by Uzbekistan is aimed at jointly implementing green energy projects, attracting technologies and standards, and expanding the use of public-private partnership mechanisms. In the area of critical minerals, the focus is shifting from exporting raw materials toward their deep processing and the production of higher value-added goods.

The significant agricultural potential of the OTS countries, their diverse climate zones, and proximity to major consumer markets create opportunities for establishing new cooperation chains in the production and export of organic products. In this area, Uzbekistan has proposed combining scientific research, breeding, production, and logistics capabilities and, in the future, bringing products to global markets under a common brand.

A New Stage – New Opportunities

Today, economic cooperation within the Organization of Turkic States is moving to a qualitatively new stage. Alongside increasing trade volumes, industrial cooperation, mutual investment, transport and digital connectivity, energy, and new financial mechanisms are becoming key areas of the common economic agenda.

This creates broad opportunities for making more effective use of the potential available across the OTS region and developing new sources of economic growth.