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Ministry of Investment, Industry and Trade of Uzbekistan Reports on Outcomes of Public Borrowings (2017–2025)
Ministry of Investment, Industry and Trade of Uzbekistan Reports on Outcomes of Public Borrowings (2017–2025)

Uzbekistan’s total external debt amounted to $75.4 billion as of October 1, 2025.

According to the Ministry of Investment, Industry and Trade of Uzbekistan (MIIT), $37.4 billion of this amount accounts for the government’s external debt.

It is important to note that the issue of investment and external financing always attracts interest and raises questions. This is natural, as society wants to understand where resources come from and what results the country achieves.

The key principle here is simple: the purpose of attracting investment and resources is to improve living standards. This is not about “impressive reports” or “eye-catching figures,” but about tangible improvements felt in everyday life-jobs and household incomes, infrastructure, access to clean water, energy and transport, and quality social services.

The economic logic is also clear: for the economy to grow faster, resources are needed- capital, technology, equipment, and new markets. If a country stops attracting resources, growth slows down: fewer jobs are created, it becomes harder to modernize logistical and social infrastructure, expand water supply, and ensure affordable energy.

Therefore, Uzbekistan is consistently working to attract investments - to accelerate economic development, boost GDP, and ultimately improve both the quality and longevity of life. Notably, since 2020, life expectancy has shown steady growth - from 73.4 years to 75.1 years in 2024.

At the same time, what matters to people are not slogans, but measurable results - changes that can be seen and assessed.

By structure, Uzbekistan’s total external debt as of October 1, 2025, amounted to $75.4 billion. Of this, $37.4 billion is government external debt, while the remaining $38 billion consists of borrowings by private and state-owned enterprises without a government guarantee (corporate debt).

Notably, according to international classifications, Uzbekistan’s government debt level is regarded as moderate and manageable. The government’s external debt of $37.6 billion amounts to roughly 26% of GDP (with official GDP around $145 billion), well below the threshold levels that are generally seen as potentially risky for macroeconomic stability worldwide.

What has been achieved through government borrowings in 2017-2025:

  • Reconstructed 1,564 km of highways
  • Electrified 470 km of railway lines
  • Built 6,793 km of drinking water networks and 664 km of sewage networks
  • Constructed 59 km of heat pipelines, 1,286 individual heating units, 166 water distribution facilities, and 31 sewage pumping stations
  • Created 2,737 MW of additional electricity capacity and laid 1,106 km of high-voltage power lines
  • Commissioned additional generation of 2,084 MW, producing 16,423 million kWh of electricity and 551.8 thousand Gcal of thermal energy

Modernization of Transport and Urban Services:

  • Purchased 4 Boeing 787-8 aircraft
  • Acquired 2 high-speed Talgo-250 passenger trains
  • Added 30 electric locomotives
  • For the subway system: 70 cars and 29 train sets
  • 1,900 buses
  • 1,000 ambulances
  • 541 units of equipment for household waste collection
  • 13 heat boilers

Education and Social Sector:

  • Established 119 educational and research laboratories in 60 universities
  • Equipped 6,213 state preschool institutions with furniture, learning materials, and office equipment

Agriculture and Water Management:

  • Restored 1,593.1 km of canals
  • Modernized 3,396 hydraulic structures
  • Drilled 423 vertical wells
  • Established modern greenhouses on 2.2 thousand hectares and intensive orchards on 12.6 thousand hectares
  • Built cold storage facilities with a capacity of 334.9 thousand tons
  • Launched processing enterprises with a capacity of 258.2 thousand tons of products
  • Created farms for 12.3 million poultry, 5,752 sheep, and 26.3 thousand cattle

These figures reflect already utilized borrowings. A significant portion of infrastructure and social sector modernization projects is still underway and will continue to deliver benefits as the work is completed.

Overall, as a result of the comprehensive measures implemented during 2017-2025, over 2 million jobs were created, exports increased by 270%, and GDP per capita grew by 418%.

What is fundamentally important is that resources can only be mobilized under strict rules, transparency, and oversight. In his Address to the Oliy Majlis and the people of Uzbekistan, the President highlighted that parliamentarians will oversee the entire project cycle - from selection and competitions to implementation and results. Project statuses, stages, and milestones will be published in real time, ensuring full transparency of competitions, tenders, and the fulfilment of obligations.

Uzbekistan’s approach to investment is clear and straightforward: the country needs resources for growth, while simultaneously ensuring full oversight, transparency, and measurable results for the population. This is exactly how the work is organized - openly, in stages, with clear accountability.

 

Dunyo IA

Eldor Aripov emphasized the importance of the Termez Dialogue for strengthening connectivity between Central and South Asia
Eldor Aripov emphasized the importance of the Termez Dialogue for strengthening connectivity between Central and South Asia

The first session of the Termez Dialogue on Connectivity between Central and South Asia on the topic “Building a Common Space of Peace, Friendship and Prosperity” started today in Termez.

In his welcoming speech, Eldor Aripov, Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS), emphasized the significance of holding the forum in the city of Termez. "Located at the junction of Central and South Asia, this ancient city has served as a "nodal point" of interregional connectivity since time immemorial," the expert noted.

Eldor Aripov also added that Termez was a center of intercultural and religious dialogue, where the traditions of Zoroastrianism, Buddhism, Christianity and Islam were born and developed. The city was located between ancient states such as the Greco-Bactrian and Kushan kingdoms, and flourished during the Timurid era, becoming a major trade, craft and scientific and educational center.

Moreover, the expert noted, the ancient Northern Trade Route, connecting India and Central Asia, passed through Termez. Today, the city is actively modernizing and reviving its role as the southern gate of Uzbekistan, once again becoming an important link between Central and South Asia.
“The rich historical heritage of Termez creates a solid foundation for the formation of a single space for cooperation, opening up new strategic opportunities for common development,” he said.

Developing this idea, Eldor Aripov emphasized the importance of holding the Termez Dialogue. According to him, "in the conditions of global instability, a free and constructive dialogue based on respect and equal participation of all parties is more important than ever."

Based on this logic, the expert said, in July 2021, at the initiative of Uzbek President Shavkat Mirziyoyev, a high-level international conference “Central and South Asia: regional connectivity. Challenges and Opportunities”, and in 2022 the UN adopted a relevant resolution. These steps laid the foundations for a new regional agenda based on cooperation and revitalization of historical ties.

"Today, all the necessary conditions have been created for this," Aripov noted. A strong consensus has been formed in Central Asia regarding joint deepening of cooperation with South Asia, which is confirmed by support for the CASA-1000, TAPI and Trans-Afghan Corridor projects.

In addition, the ISRS Director noted that Afghanistan is gradually transforming and striving to live in peace and harmony with its environment. The country's interest in fully integrating into regional ties, including those with Central Asia, provides an opportunity to strengthen the connection between the two regions.

Speaking about the interaction between Central and South Asia, Eldor Aripov noted that in recent years it has been developing steadily, with the economic agenda playing a key role in this process. According to the results of last year, mutual trade turnover exceeded five billion dollars. However, according to him, these figures remain quite modest and do not correspond to the enormous potential that the regions have.

In order to take economic cooperation to a qualitatively new level, the expert believes it is important to further simplify trade procedures, create a multi-variant system of transport corridors and develop energy infrastructure.

In this context, special attention was paid to the strategic importance of the speedy implementation of the Trans-Afghan Corridor construction project. It was emphasized that its implementation will provide the countries of the region with the shortest access to the ports of the Indian Ocean, and will connect South Asia with the markets of Central Asia, Russia, China and Europe."

The expert expressed hope that the Termez Dialogue will offer a new paradigm of relations, free from conflicts and confrontation, based on the principle of cooperation for the benefit of the prosperity of the regions.

In this context, concluding his speech, ISRS director quoted the words of the President of the Republic of Uzbekistan Shavkat Mirziyoyev, that "the historical and civilizational community of Central and South Asia, the coinciding interests of our countries and peoples are a solid foundation on which we can build a common prosperous future. The time has come to realize that without strengthening cooperation and effective regional connectivity, we will not be able to overcome the challenges that our countries face today."

For information: the first meeting of the Termez Dialogue on the connectivity between Central and South Asia on the topic: “Building a common space of peace, friendship and prosperity” is being held in Termez from May 19 to 21.

The event was organized by ISRS, the Ministry of Foreign Affairs of the Republic of Uzbekistan, and the Chamber of Commerce and Industry of the Republic of Uzbekistan.

The forum brought together about 200 participants from Central and South Asia, Europe, the CIS, Asia Pacific, America, and the Middle East. Among them were representatives of political and economic circles, business circles, financial institutions, international and regional organizations, as well as prominent experts from analytical and research centers around the world.

Food security in Uzbekistan begins with support for agricultural producers
Food security in Uzbekistan begins with support for agricultural producers

Starting January 1, 2026, Value-Added Tax will be exempted for Farmers and Dehkan producers

С 1

Almost half of the population of the Republic of Uzbekistan lives in rural areas. Millions of hardworking individuals in these communities play a crucial role in ensuring the country’s food security and establishing a solid foundation for the export of agricultural products. The nation’s development cannot be limited solely to urban centers; it is equally important to ensure that life in rural and peripheral regions is comfortable and sustainable.

 

The care for rural residents and the stimulation of their activities merit special attention from both the state and society. Governmental support measures have become pivotal in strengthening the agricultural sector.

However, the agricultural industry still faces significant challenges, including high tax burdens and limited access to financing, which contribute to the expansion of the informal economy. According to various estimates, up to half of agricultural producers operate outside the legal framework, resulting in reduced profitability and hindering sectoral development. Without genuine incentives to transition towards a formal economy, the agrarian sector’s capacity for investment and modernization will remain constrained.

In this context, the introduction of a zero rate of Value Added Tax (VAT) starting January 1, 2026, for farmers and dehkan producers selling their own products—including vegetables, fruits, meat, milk, eggs, and other food items—is a timely and significant measure. Producers of grain and cotton are excluded from this provision, as these sectors are regulated through state-managed clusters.

The existing practice of VAT refunds on expenses related to the production of seeds, fertilizers, fuel, logistics, electricity, and other operational costs will remain in place. As a result, farmers are expected to save up to 700 billion Uzbek soms annually.

The zero VAT rate will reduce the tax burden, increase farmers’ net income, and enable the allocation of additional funds toward modernization.

According to projections, farm profitability is expected to rise from 5–7 percent to approximately 15 percent. This measure will also facilitate more accurate planning of subsidies and incentives.

Another positive impact will be the growth of domestic processing industries. When products are processed locally, demand for investment in processing facilities and export logistics chains increases, leading to job creation and improved working conditions.

The reorientation of agriculture towards food crops has been one of the strategic priorities pursued in recent years.
Areas allocated to cotton and grain cultivation are being reduced, while orchards, vineyards, and vegetable crops are being developed instead. Approximately 1,500 food production projects have already been implemented, with a total investment of around one billion dollars.

The introduction of a zero VAT rate will further stimulate processing and export activities, strengthening the potential of the agro-food sector and enhancing the competitiveness and attractiveness of its products on the international market.

For farmers and dehkans, this presents an opportunity to retain a significant portion of their income. The savings can be directed towards farm development, improving working and living conditions, and modernizing production processes. Rural areas will benefit from job creation, technology influx, higher product quality, and a favorable environment for sustainable development.

For the state, this translates into a reduction of the shadow economy, increased transparency in reporting, and more accurate planning of support measures, tax incentives, and development programs. For society at large, it means access to higher quality and more affordable food products, enhanced resilience of the rural economy, and the strengthening of domestic agro-industrial value chains.

 

Nadira RASHIDOVA,

Member of the Legislative Chamber of the Oliy Majlis.

Uzbekistan and Azerbaijan: stable friendship and reliable partnership
Uzbekistan and Azerbaijan: stable friendship and reliable partnership

       The modern relations between Uzbekistan and Azerbaijan represent an example of a dynamically developing strategic partnership based on a solid historical foundation, spiritual closeness and mutual political will to deepen comprehensive cooperation.
For centuries, the Uzbek and Azerbaijani nations have been closely linked by historical and cultural ties, common Turkic roots, similar traditions, language, customs and values. These factors serve as the foundation for sustainable dialogue and comprehensive mutual understanding between the two countries, strengthening the atmosphere of trust and good neighborliness.
      This year, two countries celebrate the 30th anniversary of the establishment of diplomatic relations. Nowadays, the relations between Tashkent and Baku clearly demonstrate an illustrative example of cooperation between the two fraternal countries. Moreover, with the signing of the Treaty on Allied Relations in 2024, they rapidly reached the highest level of interstate cooperation.
       This was a logical continuation of a long-term path, during which both countries managed to lay a constant foundation for a long-term and mutually beneficial partnership, and adoption of over 200 interstate, intergovernmental and interdepartmental deals. Among the key ones are the Friendship and Cooperation Treaty, the Declaration on Deepening Strategic Partnership and Enhancing Comprehensive Cooperation, along with the Agreement on the Establishment of the Supreme Interstate Council.
       Undoubtedly, these achievements are based on the political determination and will of our leaders, who have raised the evaluation of bilateral cooperation year by year. Their regular official contacts and honest relationship have become a powerful catalyst for the dynamic and progressive development of dialogue at all levels. Since 2017, the leaders of the two countries have held 12 meetings, and the number of high-level visits has exceeded 150.
       Such intensive and coordinated communication gave a truly breakthrough impetus to joint work in a wide range of realms and allowed to achieve breakthrough outcomes in all core areas of cooperation.
       Today, Uzbekistan and Azerbaijan continue to consistently strengthen an economic partnership that demonstrates stable and sustainable growth dynamics. Over a decade years, the trade turnover has increased 8-fold from $32 million to $253 million. The target has been set to bring this figure to $1 billion. In order to achieve this aim, systematic efforts are being made to enlarge mutual trade and investments, as well as to enhance industrial cooperation.
       Representatives of the business circles of the two countries are showing a growing in establishing close economic ties. In recent years, the number of joint ventures has increased 5-fold. At present more than 240 companies with the participation of Azerbaijani capital are activate in Uzbekistan. Reciprocally, the number of Uzbek companies operating in the Azerbaijani market has reached 70.
       Cooperation in the automotive industry has become one of the core areas of bilateral cooperation. As part of a joint project of Uzavtosanoat and Azermash companies, Chevrolet cars have been manufactured on the basis of the Hajigabul Industrial Park. At present, about 9,000 cars have been produced.
In order to boost production capacities and taking into account the dynamic growth in demand for manufactured products, construction of a second plant has begun. The launch of the new plant will increase production to 30,000 units per year and create over 1,200 new jobs. Deliveries are planned to both the domestic and foreign markets of Azerbaijan.
       Using their resources and accumulated experience, Tashkent and Baku have also launched projects for textile and sericulture clusters. In Azerbaijan, they will be built on the principle of a full production cycle – from the cultivation of raw materials to deep processing and the production of final products.
In the same strategic area, joint initiatives are being actively implemented to create cotton and dairy agro-industrial complexes, build residential and tourist facilities, develop modern logistics centers and implement energy projects with an emphasis on "green" transformation.
       An important tool for ensuring sustainability and the scalability of such joint work has become an established Uzbek-Azerbaijani investment company with a total capital of $500 million. These days, with the help of this investment company, are being implemented 15 major projects worth over $360 million.
Such dynamics of economic cooperation has become possible due to the consistent enhancement of interregional ties, which are becoming stable and systematized. A vivid confirmation of this is the annual Uzbek-Azerbaijani interregional forum, which opened a wide path for establishing twinning relations between the major cities of the two countries, such as Bukhara and Lankaran, Termez and Bilasuvar, Namangan and Mingachevir, etc.
      Currently, 11 cities of Azerbaijan and Uzbekistan have already signed deals on mutual cooperation. Thus, it can be confidently stated that nowadays the interregional partnership executes not only a supporting role, but also acts as an independent mechanism for promoting direct bilateral relations.
One of the core areas in Uzbek-Azerbaijani cooperation is development of energy relations between Uzbekneftegaz and SOCAR in the development of oil fields in Azerbaijan and Uzbekistan.
      At the same time, the parties have begun practical implementation of the Strategic Partnership Agreement among Uzbekistan, Azerbaijan and Kazakhstan in the field of "green energy", which provides for the creation of an international energy corridor. In the future it will connect Central Asia with Europe through the territory of Azerbaijan. As part of this project, Uzbekistan plans to export up to 5GW of green energy to European countries through Azerbaijan by 2030.
      Currently, the focus may be not only on the transfer of "green" electricity, but also on establishing joint cooperation in the building of solar power plants and the production of components for renewable energy sources.
Uzbekistan and Azerbaijan also share similar views on the creation of an extensive system of transport and logistics corridors. This is due to the general desire to convert a strategic location into a long-term economic benefit.
      In this regard, joint participation in the implementation of logistics projects is considered by the two countries as a main factor in the growth of their economies. The global trend towards the diversification of transport routes reinforces the unifying role of Azerbaijan between Central Asia and Europe. These days,        Uzbekistan is actively increasing cargo transportation through the Azerbaijani infrastructure. For the last over the past 4 years, they have shown a 5-fold increase and by the end of 2024 amounted to more than 1 million tons of cargo.
At the same time, Uzbekistan's initiatives to develop transport connectivity, including the construction of the Uzbekistan–Kyrgyzstan–China railway, are capable of connecting Azerbaijan with China and the South Asian region.
     Broad cultural and humanitarian ties are an important component of Uzbekistan's bilateral cooperation and Azerbaijan. And, it is not a coincidence. The diversity of Uzbek-Azerbaijani relations that has developed today is predetermined by the intersection of historical processes that have played a decisive role in the mutual enrichment of the two cultures and the socio-economic symbiosis of the two nations.
     Day for Culture and movies, dialogs of creative and scientific intelligentsia in both countries play a special role in strengthening humanitarian ties. Mutual respect for cultures and traditions, as well as the desire to understand the spiritual essence and mentality of each other is of great importance in Uzbek-Azerbaijani relations. The mutual interest in the study of cultures is obvious. A monument of the great Uzbek poet and the thinker Alisher Navoi was erected in Baku. In Tashkent, the square where the monument to the famous poet, classic of Persian poetry Nizami Ganjavi stands is one of the favorite places of residents and foreign tourists. The large memorial complex of the national leader of the Azerbaijani people, Heydar Aliyev, established in 2022 in Tashkent, has also become a vivid symbol of the robust friendship of our fraternal peoples.
      Both countries, located on the historical route of the Great Silk Road, have all the favorable conditions for flourishing tourism industry. Both sides have been making significant efforts in this direction. Last year, amendments were made to the Visa-free travel of citizens Agreement of 1997, which made it possible to increase the duration of stay in both countries without registration from 7 to 15 days.
      Thanks to these advantages, the number of Azerbaijani guests who visited Uzbekistan increased from 10,000 in 2022 to 18,000 in 2024. At the same time, the number of tourists from Uzbekistan to Azerbaijan has increased significantly from 11,000 to 16,000 visitors.
      The achieved level of bilateral cooperation in the field of education and vocational training of young personnel deserves special attention. There are more than 40 cooperation deals under which scientific research is conducted and experience is exchanged.
      In particular, agreements were reached on the opening of a representative office of Samarkand State Medical University on the basis of Nakhchivan University. It is anticipated to launch joint master's degree programs in the field of oil and gas refining between Tashkent Institute of Chemical Technology and Baku Higher Oil School, as well as in finance and business analysis between Tashkent State University of Economics and Azerbaijan State University of Economics.
      An indicator of fruitful cooperation between the two states in the field of education and science is the first Uzbekistan-Azerbaijan Rectors' Forum of higher educational institutions which was held in Andijan this year. More than 70 representatives of Azerbaijani and Uzbek universities discussed core issues of the strengthening of higher education systems in the two countries. As a result of the conference, over 60 interuniversity deals were reached.
      In general, both countries are undoubtedly interested in further comprehensive promotion of mutually beneficial cooperation, strengthening coordination and interaction within international and regional organizations in order to contribute to the consistent and dynamic development of Uzbek-Azerbaijani relations.
      In this regard, assessing the path we have taken, we can be optimistic about the future of Uzbek-Azerbaijani relations. This applies to the entire spectrum of interaction – political dialogue, economic ties, humanitarian and scientific cooperation.

 

Iroda Imamova,
Leading Researcher
of the Institute for Strategic and Regional Studies
under the President of the Republic of Uzbekistan

DEVELOPMENT OF TOURISM RELATIONS BETWEEN UZBEKISTAN AND THE CIS COUNTRIES: DYNAMICS AND PROSPECTS
DEVELOPMENT OF TOURISM RELATIONS BETWEEN UZBEKISTAN AND THE CIS COUNTRIES: DYNAMICS AND PROSPECTS

In recent years, Uzbekistan has demonstrated significant progress in the field of international tourism, which pays special attention to cooperation with the CIS countries. Historically, this region has close cultural, economic and humanitarian ties with Uzbekistan, which contributes to the active exchange of tourists and the development of joint initiatives in the tourism industry. According to statistics for JanuaryAugust 2024 and 2025, there has been a steady increase in the total number of tourists from 6.7 million visiting Uzbekistan to more than 7.5 million with an annual increase of 15-20% per year. By the end of 2025, more than 11 million foreign tourists are expected to arrive.
Kazakhstan, Kyrgyzstan and Tajikistan remain the most significant sources of tourists among the CIS countries. In 2024, Kazakhstan sent more than 2.1 million tourists to Uzbekistan in January August, Kyrgyzstan about 1.78 million, and Tajikistan almost 1.6 million. In 2025, Kyrgyzstan slightly surpassed Kazakhstan in the number of visitors 2.16 million against 1.77 million, which indicates a positive trend towards strengthening bilateral ties in the field of tourism. Tajikistan also showed an increase of almost 1.7 million tourists. In addition to the traditional leaders, the number of tourists from Turkmenistan increased significantly in JanuaryAugust, from 125,000 in 2024 to 243,000 in 2025. This growth confirms the growing attractiveness of Uzbekistan as a tourist destination for all neighboring countries.
The CIS countries with fewer tourists, such as Azerbaijan, Belarus, Moldova, Armenia, Ukraine and Russia, also note positive dynamics. The increase in the number of Russian tourists in January August is particularly noteworthy from 587,000 in 2024 to more than 663,000 in 2025, reflecting the strengthening of tourist and cultural ties between the two countries. The growth of the tourist flow from the CIS is largely due to Uzbekistan's comprehensive work to improve infrastructure, simplify visa procedures, and actively promote travel brands. The development of transport links, the introduction of modern services and the expansion of the range of tourism products make Uzbekistan more and more attractive to visitors from neighboring countries.
Uzbekistan is the historical center and pearl of the Great Silk Road, the crossroads of world cultures and civilizations. There are more than 8,000 cultural heritage sites in the country. 209 of them are part of four museum cities included in the UNESCO World Heritage List. The magnificent monuments of the ancient cities of Samarkand, Bukhara, Khiva attract many tourists who want to get acquainted with the rich heritage of the region. Samarkand is the ancient capital of the empire of the great commander Amir Temur, which houses the most beautiful Registan ensemble, the Ulugbek Observatory and the Imam Al-Bukhari complex, the most important for Muslims, the fabulous city of Bukhara, famous throughout the Islamic world with its Bahauddin Naqshbandi complex, the Ark fortress and the Poi Kalyan ensemble, the capital of the Khorezmshah State Khiva with a museum city open-air Ichan-Kala, and of course the city of Shakhrisabz, where Amir Temur was born and built the Ok-Saroy palace there.
Tashkent, the capital of Uzbekistan, is the geographical center and the largest hub of Central Asia, a connecting bridge between East and West. Tourists can get great emotions and impressions from their stay in Tashkent, which has many interesting sights, including the architecture of modernity and the ancient East. Uzbekistan is not only a historical city, but also a huge number of natural attractions: the picturesque mountains of the Western Tien Shan and Pamir Alai, mysterious caves, the endless Kyzylkum desert, a huge number of lakes, the Ustyurt plateau and the Aral Sea in Karakalpakstan. It should be noted that Uzbekistan occupies high places in the world tourism rankings, in the field of security, historical attractions, family tourism, gastronomy, etc. There is a tourist police in all tourist centers of the country, thanks to which all foreign visitors feel safe at all times. At the same time, over the past 10 years, Uzbekistan has not had any incidents related to the safety of tourists in the country, which could negatively affect the tourist image of Uzbekistan. Great attention is paid to youth tourism in the country, special tours of historical subjects, ecotourism, extreme tourism, and industrial tourism have been formed to visit various production facilities, which also serve as their subsequent professional orientation.
The Government of Uzbekistan has identified several territories with high tourism potential as free tourist zones created specifically for businesses operating in the tourism sector. Conditions have been created to attract foreign investment in the tourism sector. To encourage investors, various incentives have been introduced for the hotel sector, the construction of tourist complexes and infrastructure. Business representatives from the CIS countries are the most active investors, creating both enterprises with 100 foreign investments and joint ventures in the tourism industry of Uzbekistan. Uzbekistan invites Russian investors to take an active part in joint projects in the territories of Charvak, Chimgan, Nanai, Baysun, Maidanak, Miraki, Parkent, Akhangaran, Angren, Akchakul, Tudakul, Aydarkul and others tourist zones. The development of tourism with the CIS countries is becoming not only a factor of economic growth, but also an important element in strengthening interstate relations, cultural exchange and friendship of peoples. The growth of the tourist flow contributes to the creation of new jobs, the development of small and medium-sized businesses and the improvement of the standard of living of the population. The prospects for further development of tourism ties between Uzbekistan and the CIS countries look very promising. Enhanced cooperation, exchange of experience and implementation of innovative solutions will make the region one of the most attractive and dynamically developing tourist destinations in Eurasia. The Committee on Tourism of Uzbekistan is ready to support the tourism business of our countries in the implementation of joint projects, and create all necessary conditions for comfortable travel of tourists of all categories from the CIS countries.

Head of the Department of
Transport and Logistics Development Shukhrat Isakulov

Uzbekistan takes 13th place in medal standings at Paris Olympics
Uzbekistan takes 13th place in medal standings at Paris Olympics

The text of the article is in Uzbek!

Delegation of Latvian business representatives visited Khorezm region
Delegation of Latvian business representatives visited Khorezm region

URGENCH, September 28. /IA “Dunyo”/. A delegation of Latvian businessmen visited Khorezm with the support of the Embassy of Uzbekistan in Riga, Dunyot news agency's correspondent reports.

During the visit, a business forum and meetings were held with participation of representatives of business circles of the two countries.

The parties exchanged views on economic and investment potential of Khorezm region, opportunities for realization of joint projects in agriculture, personnel training, services, logistics and energy.

The Latvian side also familiarized with the activities of “Opportunity Generosity” LLC, a pharmaceutical manufacturer located in Urgench, and other companies.

As a result of the visit, representatives of Latvian companies expressed interest in the implementation of specific projects in the field of education, in connection with which the relevant documents were signed.

President of the Republic of Uzbekistan to pay a state visit to France
President of the Republic of Uzbekistan to pay a state visit to France

At the invitation of President of the French Republic Emmanuel Macron, President of the Republic of Uzbekistan Shavkat Mirziyoyev will pay a state visit to this country on March 11-13.

The agenda of the visit to Paris envisages talks and events at the highest level, as well as a number of meetings with official and business circles of France.

The agenda of the upcoming contacts includes issues of further development and strengthening of Uzbek-French multifaceted relations.

Priority attention will be given to expanding mutually beneficial cooperation in trade-economic and investment-financial spheres, promoting cooperation projects with leading companies and enterprises of France.

It is planned to adopt a package of intergovernmental and interdepartmental agreements as a result of the summit.

In addition, the Head of our state will meet with UNESCO Director-General Audrey Azoulay to discuss practical aspects of preparing and holding the 43rd session of the Organization's General Conference in Samarkand this autumn.

It is worth noting the intense program of events on the eve of the forthcoming visit.

Azizbek Urunov: Uzbekistan reserves the right to protect certain sectors of the economy in accordance with WTO agreements
Azizbek Urunov: Uzbekistan reserves the right to protect certain sectors of the economy in accordance with WTO agreements

Today, during a meeting with journalists, Azizbek Urunov, Special Representative of the President of Uzbekistan on WTO issues, answered questions from a correspondent of Dunyo Information Agency:

-How does WTO membership align with the “Uzbekistan - 2030” strategy?

-It fully aligns with it. Uzbekistan’s accession process to the World Trade Organization effectively began in the early days of the large-scale reforms launched under the leadership of President Shavkat Mirziyoyev in 2017. In the initial years, the primary focus was placed on urgent and systemic economic reforms.

These included the liberalization of currency policy, a comprehensive revision of foreign trade policy and a significant reduction and simplification of import tariffs, which helped strengthen competition in the economy and the domestic market.

The active phase of WTO accession negotiations began in 2020. Prior to that, over a period of three to four years, the country deliberately prepared its economy and regulatory framework to meet WTO requirements. A frequently asked question is why the accession process has taken so long, given that Uzbekistan submitted its application back in 1994. Meaningful progress only began after 2020, as before that time the economy and its regulatory mechanisms objectively did not meet WTO standards.

Before 2016, foreign trade was subject to strict regulation. For example, there was a practice of approving a limited list of enterprises authorized to export, particularly in the agricultural sector. The main participants in foreign economic activity were state structures and foreign trade companies affiliated with sectoral ministries.

However, WTO principles are based on equal conditions for all market participants and non-discriminatory access to foreign trade activities. That is why, as part of the reforms, foreign trade policy was comprehensively revised and liberalized. Today, any enterprise has the right to engage in foreign economic activity.

This was not merely an issue of currency convertibility, but rather a set of comprehensive reforms of the entire foreign trade regulatory system, including the elimination of exclusive rights held by state enterprises and the creation of a competitive environment.

I believe it is no secret that the WTO accession process is under the personal oversight of the President of the country. Over the past two to three years, a qualitative breakthrough has been achieved and today Uzbekistan is at the final stage of the negotiation process.

– What long-term national interests does Uzbekistan aim to protect through its accession to the WTO?

As a developing country, Uzbekistan, in accordance with WTO agreements, retains the right to protect certain sectors of the economy in the event of specific difficulties. At the same time, it is important to remember that the fundamental goals of the WTO are to improve the welfare of the population, create jobs and ensure sustainable economic development for member countries.

From a strategic perspective, WTO membership serves two key objectives for Uzbekistan.

The first is exports. Without an active export policy and integration into global value chains, achieving long-term and sustainable economic growth is virtually impossible. Relying solely on the domestic market has inherent limitations. As the domestic market becomes saturated, growth potential diminishes and further development is only possible through expanding presence in foreign markets.

The second objective is investment, primarily quality investment. It is important not only to attract capital but also to ensure its technological, institutional and managerial value. WTO membership sends an international signal that the country’s economy operates under transparent, predictable and investor-friendly rules.

This creates additional conditions for the development of industry and the service sector. Today, about half of Uzbekistan’s GDP is generated by the services sector, indicating its enormous potential for further growth.

Furthermore, Uzbekistan’s geographic location offers significant opportunities. The country is surrounded by dynamically developing markets such as China, the European Union, the Middle East, and India. The active economic development of Saudi Arabia, the UAE, Qatar, Kuwait and other countries generates steady demand for agricultural and industrial products as well as services. This creates favorable conditions for integrating Uzbekistan into global value chains.

– Is it already possible today - at least approximately, in monetary terms - to estimate the total benefit to Uzbek businesses from the removal of tariff regulations within the framework of Uzbekistan’s accession to the World Trade Organization?

– Ten years ago, Uzbekistan’s GDP was around USD 50 billion. By the end of 2025, it had reached approximately USD 147 billion.

Whereas an increase of, say, 5 billion dollars used to represent about 10 percent of GDP, today it accounts for only around 3 percent. Therefore, it is more important to talk not about absolute figures, but about the additional momentum for economic growth.

According to World Bank estimates, WTO membership could provide an additional GDP growth of roughly 17 percent over the next 5–7 years. In the longer term, international studies indicate that developing countries that are WTO members typically achieve an extra 1–1.5 percent GDP growth per year compared with non-member states.

Even a 1 percent additional growth per year, accumulated over 5, 10, or 15 years, can significantly transform a country’s economy.

– What specific instruments and legal mechanisms of WTO rules will work to protect the interests of Uzbekistan and its businesses?

– First and foremost, this concerns the protection of export interests. Today, there are often situations where partners are willing to purchase our raw materials but react negatively to shipments of processed products with high added value. In such cases, discriminatory measures aimed at limiting our exports may be applied.

WTO membership will allow Uzbekistan to challenge such actions in Geneva through the dispute settlement mechanisms and on a bilateral basis, relying on the universal principles of the WTO. This provides protection against unilateral and unjustified trade restrictions.

On the domestic market, the key instruments will be so-called trade remedies - anti-dumping, countervailing and safeguard measures. Currently, draft laws regulating these mechanisms are being developed in Uzbekistan.

The WTO provides developing countries with a longer time frame for applying protective measures: up to eight years and under special conditions - up to ten years. These instruments allow temporary protection for industries under pressure from imports, provided there is evidence of serious economic harm.

Anti-dumping measures are particularly important. Dumping is usually used to push competitors out of the market, followed by the establishment of monopoly prices. WTO legislation allows countries to effectively counteract such practices.

Alongside legislative development, Uzbekistan is preparing national specialists with the support of international experts. Their task is to ensure the competent and professional application of these mechanisms in practice, in the interests of fair competition and the protection of national businesses.

Dunyo IA

Tashkent

Proposals for the development of environmental protection and tourism were considered
Proposals for the development of environmental protection and tourism were considered

Prezident Shavkat Mirziyoyev 19-sentabr kuni atrof-muhitni muhofaza qilish va turizm sohalaridagi takliflar taqdimoti bilan tanishdi.

Hozirgi kunda havoni musaffo saqlash, ekologik hodisalarning ta'sirini kamaytirish tobora dolzarb bo'lib bormoqda. Shu bois bu borada ikkita dastur ishlab chiqildi.

Birinchisi - Chang bo'ronlariga qarshi kurashish va ularning oqibatlarini yumshatish bo'yicha 2024-2030-yillarga mo'ljallangan milliy dasturdir. Bu hujjatda “Yevro-4” standartidan past toifadagi yoqilg'ini sotish va undan foydalanishni bosqichma-bosqich to'liq taqiqlash nazarda tutiladi. Buning uchun Buxoro va Farg'ona neftni qayta ishlash zavodlari yuqori sifatli yoqilg'i ishlab chiqarish bo'yicha modernizatsiya qilinadi.

Ikkinchisi - Toshkent shahrida atmosfera havosi sifatini yaxshilashga qaratilgan chora-tadbirlar dasturi bo'lib, unga ko'ra, kelgusi 5 yilda poytaxtimiz va unga tutash Toshkent viloyati tumanlarida 441 gektar “yashil belbog'” va bog'lar tashkil qilinadi.

Sanitar tozalash ishlarini tartibga solish maqsadida mavjud markaz negizida Chiqindilarni boshqarish va sirkulyar iqtisodiyotni rivojlantirish agentligini tuzish taklif etilmoqda. Sanitar tozalash korxonalarining samaradorlik ko'rsatkichlariga qarab, uchta toifaga ajratgan holda reyting tizimi joriy qilinadi.

Yangi quriladigan, balandligi 12 metrdan yoki umumiy maydoni 500 kvadrat metrdan ortiq bo'lgan binolarni loyihalashtirishda unga tutash hududlarning kamida 25 foizini ko'kalamzorlashtirish talabi qo'yiladi. Shuningdek, atrof-muhitga zarari ko'p sanoat korxonalari ham “yashil belbog'”lar barpo etish majburiyatini oladi.

Ekologik huquqqbuzarliklarning oldini olish, bu borada jamoatchilik nazoratini kuchaytirish masalalariga ham e'tibor qaratildi. Faol va jonkuyar insonlarni rag'batlantirish maqsadida “O'zbekiston Respublikasida xizmat ko'rsatgan ekolog” faxriy unvonini ta'sis etish taklifi bildirildi.

Atrof-muhit bilan bog'liq bo'lgan masalalar bo'yicha qarorlar qabul qilish jarayonida jamoatchilikning axborot olish imkoniyati, ishtiroki va odil sudlovga erishishish imkoniyati to'g'risidagi Orxus konvensiyasiga qo'shilish masalasi ko'rib chiqildi.

Ma'muriy javobgarlik to'g'risidagi kodeksga qurilish maydonlarida atmosfera havosini muhofaza qilish talablariga rioya qilmaslik bo'yicha modda kiritish maqsadga muvofiqligi aytildi. Shuningdek, daraxtlarni kesish va qasddan quritish, daryo o'zanlaridan noqonuniy qum-shag'al qazib olish, chiqindilarni belgilanmagan joylarga tashlash kabilar uchun jarimalarni oshirish va qat'iylashtirish choralari ko'riladi.

Vazirlar Mahkamasining 2019-yil 27-maydagi qarori bilan respublikada ekologik markirovkalash tizimi joriy etilgan. Endi ISO 14024 xalqaro standartiga muvofiq, “Yashil belgi” nomi ostida mahsulot va xizmatlarni ixtiyoriy ekologik markirovkalash yo'lga qo'yiladi. 2 ming 336 ta xo'jalik yurituvchi subyektlarda avtomatik monitoring stansiyalari, chang-gaz tozalash uskunalari va suv tozalash inshootlarini o'rnatish bo'yicha tarmoq jadvallari tasdiqlanadi.

Ekologiya vazirligi huzurida jamoatchilik nazorati ostida boshqariladigan va yuridik shaxs maqomiga ega bo'lmagan “Yashil xayriya jamg'armasi” tashkil etiladi. Elektron xarid ilovalarida “Yashil to'lov” ixtiyoriy ustama turi ochiladi.

Sohadagi yana bir muammo yovvoyi hayvonlarni asrash bilan bog'liq. Ularni xonadonlarda boqish huquqiy jihatdan tartibga solinmagan. Shu bois endi yovvoyi hayvonlarni uy sharoitida, sirk va shapitolarda saqlash hamda tomoshalarda foydalanish taqiqlanadi. Jismoniy shaxslar ixtiyoridagi hamda sirklarda saqlanuvchi bunday jonzotlar hayvonot bog'laridagi reabilitatsiya markazlariga, okeanariumlar, pitomnik va ilmiy-tadqiqot muassasalariga topshirilishi belgilanmoqda.

Taqdimotda tibbiy turizmni rivojlantirish chora-tadbirlari ham muhokama qilindi.

Shu maqsadda O'zbekiston bu yo'nalishda Markaziy Osiyoning “chorlovchi nuqtasi” sifatida targ'ib qilinadi. “Tibbiy xizmatlar mehmondo'stligi” dasturi amalga oshiriladi. Tibbiy va sog'lomlashtirish muassasalari faoliyati rag'batlantirilib, ularning yagona reyestri ishga tushiriladi. Mehmonxonalar kabi yulduzli sanatoriylar faoliyati yo'lga qo'yiladi.

Davlatimiz rahbari bular bo'yicha hujjat loyihalarini puxta ishlab chiqish va ijrosini samarali tashkil etish bo'yicha ko'rsatmalar berdi.

Proposals on further development and increase of competitiveness of the jewelry industry were considered
Proposals on further development and increase of competitiveness of the jewelry industry were considered

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.

State awards presented to brave athletes
State awards presented to brave athletes

On September 13, the President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with the winners and medalists of the XVII Summer Paralympic Games.

The event was attended by the leadership of the National Paralympic Committee and sports federations, coaches, parents of athletes, representatives of state and public organizations.

As you know, the competitions were held from August 28 to September 8 in the capital of France, Paris. About 4.4 thousand Paralympians from 168 countries participated in them. From Uzbekistan, 65 para-athletes competed in 9 sports.

The Paralympic Games, like the Olympics, were successful for our country. Our compatriots set many records, winning 10 gold, 9 silver, 7 bronze - a total of 26 medals. They took 13th place in the overall team standings, as well as 3rd place in Asia and 1st place among Turkic, Islamic countries and the Commonwealth of Independent States.