Contemporary relations between Uzbekistan and Belarus demonstrate a steady upward trajectory, based on the principles of mutual respect, trust and pragmatism. Despite their geographical distance, the two countries have succeeded in establishing an effective system of partnership built upon the complementarity of their economies, the similarity of their approaches to socio-economic development, and their shared interest in expanding mutually beneficial cooperation.

Since 2017, the dialogue between the two states has acquired a qualitatively new substance. Regular contacts at the highest and high levels, the work of the Intergovernmental Commission, as well as the holding of regional forums and business events, have made it possible to give bilateral cooperation a comprehensive and systematic character.

An important factor in the expansion of international ties has been the large-scale reforms carried out in Uzbekistan under the leadership of President Shavkat Mirziyoyev. Economic liberalisation, the improvement of the investment climate, the development of free economic zones and the policy of openness have significantly increased the country’s attractiveness and created additional opportunities for deepening bilateral partnership.

Today, amid the transformation of the global economy, the restructuring of logistics chains and the emergence of new centres of economic growth, this partnership is gaining particular relevance and strategic significance.

At the same time, a key factor in the sustainable development of Uzbek-Belarusian relations is the high level of political mutual understanding. The constructive mechanism of interaction established by the two sides enables them to effectively coordinate joint actions across a broad range of issues.

The strong dynamics of relations are evidenced by regular negotiations at the highest level: since 2017, more than eight meetings have been held. Such an intensive schedule of contacts has made it possible to promptly address emerging issues on the bilateral agenda and define long-term priorities.

A powerful impetus to cooperation was provided by the official visit of President of Belarus Alexander Lukashenko to Uzbekistan in February 2024. Following the visit, a Joint Statement was adopted and a Roadmap was prepared for the implementation of the agreed decisions. Practically all subsequent steps — in trade, industrial cooperation and the humanitarian sphere — have been a direct result of these agreements.

In February 2026, Tashkent hosted Prime Minister of Belarus Alexander Turchin. During his talks with President of Uzbekistan Shavkat Mirziyoyev, a new agenda was outlined in preparation for upcoming interstate events at the highest level, and the readiness of both sides to consistently implement the planned projects was reaffirmed.

The practical elaboration of joint initiatives is carried out within the framework of the Intergovernmental Commission on Bilateral Cooperation. In May 2026, its 12th meeting was held under the co-chairmanship of Deputy Prime Ministers of Uzbekistan and Belarus Jamshid Khodjaev and Yuri Shuleiko.

The parties discussed preparations for the Partnership Roadmap for 2026–2030, as well as measures to further expand trade, economic and investment cooperation. Particular emphasis was placed on broadening the range of mutual supplies, intensifying industrial cooperation and establishing joint production facilities for high value-added goods. The priority areas identified include electrical engineering, pharmaceuticals, the chemical industry, agricultural machinery production, construction materials, textiles and ready-made garments.

Contacts between the foreign ministries deserve special attention. In 2025, Minister of Foreign Affairs of Belarus Maxim Ryzhenkov visited Termez, where, together with his Uzbek counterpart Bakhtiyor Saidov, he discussed prospects for expanding trade routes through the free trade zone of the International Trade Centre Termez, as well as promoting routes through Afghanistan. This confirms that transit and logistics are assuming an increasingly important place on the bilateral agenda.

The treaty and legal framework of Uzbek-Belarusian relations is also being consistently expanded. To date, the two countries have concluded more than 126 interstate, intergovernmental and interdepartmental agreements regulating cooperation in various areas. This extensive body of agreements forms a reliable institutional basis for cooperation, enabling political decisions to be translated into practical implementation and ensuring continuity in key areas.

The trade and economic sphere demonstrate the highest growth rates. Over the past five years, mutual trade turnover has increased 2.7 times. Belarusian supplies to Uzbekistan have grown 2.5 times, while Uzbek exports to Belarus have increased almost fourfold. By the end of 2025, a 25 per cent rise in mutual trade was recorded, bringing its volume to USD 965 million. This brings the two sides close to the USD 1 billion threshold set by the heads of state as a strategic benchmark.

Moreover, the pace of growth is accelerating. In the first quarter of 2026 alone, trade turnover increased by almost 50 per cent year-on-year, reaching USD 259.7 million. Against this background, the parties have begun developing a joint programme to raise trade turnover to USD 2 billion by 2030. Today, Belarus ranks third among CIS countries in terms of trade turnover in Uzbekistan’s foreign trade, after only Russia and Kazakhstan.

The principal components of Uzbekistan’s exports to Belarus include textiles, fruit, metals and selected industrial products. Imports from Belarus consist primarily of meat and dairy products, timber, vehicles, pharmaceuticals, fuel, machinery, equipment and metal products.

An important step towards expanding trade and economic cooperation was the announcement in March 2026 of the establishment of the Uzbekistan Trade House in Minsk. The project envisages the creation of a permanent platform for promoting Uzbek products, showcasing the output of domestic manufacturers and strengthening business-to-business ties.

Importantly, bilateral interaction extends well beyond trade. Increasing significance is being attached to industrial cooperation aimed at establishing joint ventures, localising technologies and developing export-oriented production facilities.

As of early 2025, approximately 250 enterprises with Belarusian capital were registered in Uzbekistan, while around 87 joint Uzbek-Belarusian companies were operating in Belarus. The overall portfolio of joint projects exceeds USD 300 million, demonstrating that bilateral cooperation has evolved into a systematic and sustainable partnership rather than a series of isolated business initiatives.

The priority areas of industrial cooperation include mechanical engineering, electrical engineering, pharmaceuticals, the textile industry and food processing. Traditionally, agricultural machinery has remained the flagship area of cooperation, with Belarusian products—including tractors, combine harvesters and specialised agricultural equipment—holding strong positions in the Uzbek market. Today, however, the two countries are moving to a new stage by establishing assembly lines and manufacturing facilities within Uzbekistan.

In February 2026, prospects for further cooperation were thoroughly examined during a business dialogue held at the Mogilev Free Economic Zone, with the participation of diplomats, regional authorities and business representatives from both countries. The participants identified several priority sectors, including electrical engineering, the chemical industry, construction materials and textiles, while also emphasising the importance of expanding the presence of Belarusian companies in the Uzbek market through investment mechanisms rather than relying solely on exports.

It should be noted that a solid practical foundation for deeper cooperation has already been established. A joint production facility manufacturing BELARUS tractors operates in the Tashkent Region; in partnership with EnergoKomplekt, the Enco Group high-voltage cable manufacturing plant has been launched; and the Belarusian-Uzbek joint venture UzShoes has been successfully operating in the city of Karshi.

The two countries have also agreed to promote joint production of high value-added goods. This transition—from traditional trade to the joint creation of competitive industrial products—represents the most significant qualitative shift in bilateral economic relations.

One of the most promising areas of cooperation remains the agro-industrial sector. According to the results of 2025, agricultural products accounted for almost 25 per cent of Belarus’s total exports, while the agro-industrial sector generated around 7 per cent of the country's GDP. These figures highlight considerable potential for cooperation within the CIS market, based on the complementary nature of the two economies. Belarus possesses a highly developed dairy and meat industry, grain processing capacities and an advanced food industry, whereas Uzbekistan offers a rich agricultural resource base, a strong fruit- and grape-growing sector, and a large consumer market.

Against this backdrop, the cooperation agreement on food security and food industry development, signed in Tashkent in May 2026 between the relevant ministries of the two countries, represents a logical and important step forward. The agreement elevates bilateral cooperation in the agro-industrial sector to a fundamentally new level of systematic and predictable partnership, replacing ad hoc commercial transactions with long-term strategic collaboration. A clear indication of this progress is the substantial increase in bilateral trade in agricultural and food products, which reached USD 338.9 million in 2025, compared with USD 234.2 million the previous year.

From a long-term perspective, the establishment of joint agro-industrial enterprises in Uzbekistan for fruit and vegetable processing, dairy production, storage technologies and logistics represents an area of considerable strategic importance. Belarusian expertise in land reclamation and water management could also be effectively applied, particularly in the context of Uzbekistan’s large-scale programmes for the development of new irrigated agricultural land.

Another important indicator of bilateral cooperation is the volume of freight transportation. In 2025, cargo shipments exceeded 796.6 thousand tonnes, representing a 6 per cent increase compared with the previous year. At the same time, both countries continue to actively diversify transport routes, including through Central Asia and Afghanistan, thereby enhancing the reliability and resilience of supply chains.

Interregional cooperation is also developing dynamically. Direct partnership links between the regions and cities of Uzbekistan and Belarus complement the central-level political dialogue and serve as an important source of practical initiatives. It is at the regional level that concrete production chains, educational partnerships and cultural exchanges are being established.

The sustainability of this dimension of cooperation is evidenced by the growing intensity of contacts between the regions of the two countries. Since 2017, more than 40 visits by representatives of the regions of Uzbekistan and Belarus have taken place, reflecting the high level of engagement. Regional Forums have played a particularly important role in institutionalising bilateral relations, becoming a regular and effective platform for launching new joint initiatives. A notable example was the conclusion in 2025 of cooperation agreements between the cities of Navoi and Orsha, as well as Termez and Polotsk, giving these partnerships a practical and long-term orientation.

Overall, the accumulated potential of Uzbek-Belarusian cooperation indicates that bilateral partnership has entered a qualitatively new stage of development. Its progress is now determined not only by the positive dynamics of individual indicators, but also by the establishment of sustainable mechanisms of cooperation that ensure the long-term implementation of the strategic course pursued by both countries.

The political, institutional and economic foundations that have been established enable the two sides to pursue ambitious objectives aimed at deepening industrial cooperation, attracting investment, strengthening transport connectivity and implementing joint projects in high-technology and innovation-driven sectors. Taken together, these factors demonstrate that Uzbekistan and Belarus possess a substantial reserve of resilience and maintain significant potential for further progress in the interests of both nations.

Iroda Imamova

Leading Research Fellow

Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan

Today, as global climate changes are observed, the population is growing, and industrial sectors are rapidly developing, the value of water resources is increasing not only in the Central Asian region but also worldwide.

According to the data, over the past 30 years, the air temperature in our region has increased by one and a half degrees, as a result of which about a third of the centuries-old glaciers in the highlands have melted, and the volume of water in rivers and streams has decreased slightly.

If current climate trends continue, in the next twenty years, the flow of the two large rivers, Amu Darya and Syr Darya, may decrease by 15%. This would result in a 25 percent reduction in per capita water availability and agricultural crop yields.

These are not just numbers, but indicators related to the fate and well-being of the people living in the region.

According to scientists, by 2040 in some areas of Central Asia, the need for water resources will triple. Over time, economic damage could reach 11% of the region's gross domestic product. The United Nations (UN) warns that countries in the region are currently losing up to US$2 billion a year due to water scarcity and inefficient use. Therefore, if appropriate measures are not taken now, it is inevitable that the countries in our region will face dire consequences of water shortages.

Under the leadership of the President of Uzbekistan, Shavkat Mirziyoyev, special attention is being paid to the comprehensive development of the water management sector in our republic, the rational use of existing water resources, including the widespread introduction of digital and water-saving irrigation technologies, and remarkable results are being achieved in this regard.

In his speech at the 78th session of the UN General Assembly on September 19, 2023, the leader of Uzbekistan emphasized the issue of water resource shortages in Central Asia, supported the establishment of the position of the UN Secretary General's Special Representative on Water Resources, and proposed creating a platform for water-saving technologies in Central Asia. In the process of using the "United Nations-Water Resources" mechanism, he emphasized his support for attracting and implementing the most advanced technologies.

This means that Uzbekistan will take the initiative in creating a platform for water-saving technologies in Central Asia, while also seeking to involve the international community in the process.

For more than 30 years since its establishment, the International Fund for Saving the Aral has become the most important platform for regional cooperation in the fields of water management and ecology. In the face of new risks and threats arising because of global climate change, the role and importance of the fund are increasing.

On September 15, 2023, President Shavkat Mirziyoyev put forward the initiative to develop and implement new, agreed-upon decisions for the long-term perspective within the framework of this structure at the meeting of the Council of Heads of the Founding States of the International Fund for Saving the Aral held in Dushanbe. Reflecting the spirit of today, he emphasized the need to further improve the fund's legal framework and modernize its institutional mechanisms.

It should be noted that in the country’s domestic policy over the past seven years, at the initiative of the President, large-scale reforms in the water sector have been implemented. To manage state policy in the field of water management, a separate Ministry of Water Resources was created and the Concept for the development of the industry for the period until 2030 was approved.

As a logical continuation of these reforms and to solve systemic problems at the middle and upper levels of the water management system, on May 7, 2024, the President of Uzbekistan signed the decree "On Setting Priorities for the Introduction and Development of a Modern Management System in Water Resources." According to this document, the activity of the Ministry of Water Resources was divided into three parts, setting up a vertical management system. At the upper level is the management of the state water policy, the regulator; the middle level is engaged in the operation and construction of water management facilities and the introduction of business processes into the sector; and the lower-level handles supplying water directly to consumers.

In the middle stage, an agency for the exploitation of water resource facilities is being set up that operates as an independent legal entity. The agency includes the Ministry of Water Resources of the Republic of Karakalpakhstan and regional irrigation systems basin departments, main canals, water reservoirs, and pumping station utilization departments, as well as land-improvement expeditions.

The department for the implementation of water management projects participates as a customer in projects funded by the budget and foreign investments. The decree envisages a 22% increase in the salary of middle- and high-level employees working in the ministry system, starting on July 1, 2024, and a 60% increase starting in 2025. It should be mentioned that starting in January 2024, the salary of lower-level employees has been doubled, and several incentive mechanisms are being used.

As a result of the accurate calculation of available water resources, special attention is paid to the introduction of water-saving technologies, resulting in abundant and high-quality harvests from agricultural crops. Nevertheless, the prevention of water scarcity remains one of the most important directions for Uzbekistan.

Uzbekistan is a country with a large water infrastructure in the Central Asian region; the total irrigated cropland exceeds 4.3 million hectares.

As one of the five priority directions of the "Uzbekistan-2030" strategy, which defines the goals of sustainable development of the country, the task of saving water resources and environmental protection is emphasized, placing great responsibility on water management employees.

To reduce water losses in irrigation networks, the year 2024 was announced as a "breakthrough year for concreting canals" in the water industry at the initiative of the President. For this purpose, 5,000 kilometers of irrigation networks, of which 1,500 kilometers are main and inter-farm and 3,500 kilometers are internal, have been concreted this year. To date, 525 kilometers of canals have been reconstructed, of which 355 kilometers have been concreted. The length of canals concreted by clusters and farms has exceeded 13,500 kilometers.

In recent years, the areas covered by water-saving technologies in the country have reached 1.3 million hectares. Of this, drip irrigation accounts for 478,000 hectares, sprinkler irrigation for 55,000 hectares, and discrete method irrigation for 29,000 hectares. Over 700,000 hectares have been leveled using laser leveling equipment.

Work on the introduction of water-saving technologies, which started in previous years, is being continued consistently. This year alone, it is planned to introduce cost-effective technologies on 500,000 hectares of land and to fully cover all irrigated farming areas in the country with such technologies by 2030.

All possibilities and resources are being used for this. Today, the number of local enterprises producing equipment and components for water-saving technologies in Uzbekistan has reached 55, with plans to increase this number in the future.

In recent years, 11,446 "Smart Water" devices, online water level monitoring meters in 1,704 pumping units, and online monitoring of seepage water levels have been installed in 6,746 reclamation monitoring wells. To manage water resources from one point without human intervention, the management processes of 65 large water management facilities were automated.

It is planned to save 8 billion cubic meters of water in 2024 through the concreting of channels, the introduction of water-saving technologies, the digitization of the industry, the implementation of "smart" devices, and effective water management.

It should be noted that 60 percent of the irrigated cropland in the country is supplied with water through pumps. There are more than 1,600 pumping stations in the Ministry's system, and due to their modernization, installation of modern energy-saving devices, and the introduction of public-private partnerships, electricity consumption has been reduced by 1.5 billion kWh in the last seven years.

In the coming years, the total cost of the water industry will be $6.0 trillion. Agreements for 463 public-private partnership projects worth significant amounts in soums were signed. In 2023, all water management facilities in five districts and 300 pumping stations across the republic will be transferred to the private sector.

This transfer increases work efficiency, saves up to 30% on electricity at pumping stations, and reduces salary deductions by 13%.

The "Irrigators' School" was launched in cooperation with the Ministry of Water Resources, the "Tashkent Institute of Irrigation and Agricultural Mechanization Engineers," the National Research University, and "Agrobank." Highly qualified specialists from abroad are organizing one-week-long free training courses for designers, contractors, managers of farms, and cluster enterprises from all districts of the republic.

In short, life itself proves that the only solution to mitigate the water shortage in our region is to save water and use it wisely.

Press service of the Ministry of Water Resources
of the Republic of Uzbekistan

Akramjon Nematov, First Deputy Director of the Institute for Strategic and Regional Studies under the President of Uzbekistan (ISRS), in an analysis for Dunyo IA on the results of the April 24 meeting chaired by the Head of State, emphasized that the country's socio-economic development results for the first quarter of 2026 confirm: the nation has not only adapted to global turbulence but has also developed a reliable internal immunity to external shocks.

According to him, the achieved figures indicate that the national economy has reached a qualitatively new level of dynamic development. Despite unprecedented global market volatility, the disruption of global supply chains, and mounting inflationary pressures, Uzbekistan recorded an impressive GDP growth of 8.7%, significantly exceeding the 6.8% result from the same period last year.

Such a significant breakthrough, the expert is convinced, has been a direct result of the well-considered and consistent strategy of the President of Uzbekistan Shavkat Mirziyoyev, aimed at the fundamental transformation of all spheres of public life. During this challenging period, the state assumed not merely the role of a regulator but that of an active catalyst for modernization: the industrial sector grew by 8%, compared with 4.1% in 2025, while the services sector, which has become the engine of renewal, surged by 16.1%. Against the backdrop of global instability, Uzbekistan, for the first time on an annual basis, managed to curb inflation, reducing it from 10.6% in March 2025 to 7.1% in the current period, thereby opening new horizons for long-term investment planning.

The country’s leadership has made a significant contribution, reflected in unprecedented financial support for entrepreneurship. In 2026, 140 trillion UZS are being allocated for these purposes through the banking system, 30% more than last year. Targeted assistance to mahallas in the first quarter alone amounted to 3.6 trillion UZS, a 25% increase, enabling local budgets to generate an additional 2.2 trillion UZS in revenue.

As the expert noted, during the critical analysis, the Head of State emphasized that the quantitative records achieved must serve as a foundation for significant structural improvements in the economy, necessitating a transition to an advanced, innovative development model. One of the central tasks identified is a sharp increase in labour productivity, which should rise by at least 10-15% through the integration of modern technologies and management standards. The state aims to fully move away from the raw-materials-exporter model toward the creation of high-tech regional value chains, engaging more than 40 global brands as strategic partners.

Particular attention is being paid to the efficiency of project management. With a record volume of foreign investment in the quarter totalling USD 13.7 billion, 1.6 times higher than last year, the focus is shifting toward precise monitoring of returns. The President has decided to elevate the economy to a new international level: as early as next month, 30% of state assets worth USD 2.4 billion will be listed on international stock markets. This has become possible due to the transfer of management of 13 strategic enterprises of the National Investment Fund to the reputable company Franklin Templeton. At the same time, the state is accelerating reform of the energy framework, allocating USD 50 million for concessional lending to support businesses in transitioning to renewable energy sources, and creating a digital logistics infrastructure capable of increasing exports through electronic platforms, raising the target to USD 700 million.

At the same time, expert analysis shows that external challenges are not only persisting but also intensifying significantly: the continued rise in global energy prices and the increasing complexity of global logistics are creating tangible pressure on domestic production costs and competitiveness.

Under current conditions, activities in the external sphere must be maximally synchronized with domestic reforms. This implies a focus on facilitating technology transfer, attracting smart capital into artificial intelligence, and diversifying transport corridors to strengthen Uzbekistan’s status as a central link in regional connectivity. The steady acceleration of exports and the systematic removal of barriers for high-value-added products today require deep coordination between the state and the private sector, as well as the mobilization of all available resources to achieve qualitative results, the expert believes.

To maintain current high growth rates and reach new milestones, it is necessary, as the President emphasized, to radically increase the flexibility of managerial decision-making and execution discipline at the local level. It is important to transform quantitative growth into the structural quality of the economy, to ensure development through a multiple increase in productivity and the creation of high added value in key sectors.

The balanced and proactive foreign policy of the country’s leader creates the necessary zone of stability at the regional level. However, it is precisely the internal mobilization of the public administration, an uncompromising focus on innovation, and the efficiency of management that are today the decisive conditions for enabling Uzbekistan to successfully transform global pressure into new “windows of opportunity” for long-term national prosperity.

Dunyo IA

An expert from the Institute for Strategic and Regional Studies under the President of Uzbekistan, commented to Dunyo IA on the outcomes of President Shavkat Mirziyoyev’s working visit to the United States, which took place from February 17 to 19:

- The visit of the President of Uzbekistan to the United States, which took place as part of his participation in the first meeting of the Board of Peace, was not just another diplomatic event, but a logical continuation of the strategy of pragmatic and mutually beneficial dialogue with Washington built over recent years. It demonstrated a shift from symbolic political interaction to systemic coordination in security, economics, trade, and humanitarian exchanges.

This visit marked the culmination of an intensive partnership over the past six months. Meetings on the sidelines of the UN General Assembly, the C5+1 summit, participation in events in Davos, and the signing of the Charter of the Board of Peace, as well as personal contacts between the two leaders, have fostered a stable dynamic of political dialogue. This fifth summit in six months demonstrates that relations have entered a phase of regular strategic communication, with each meeting reinforced by concrete agreements.

The visit’s busy business program confirmed its practical nature. During his stay in the United States, the head of state held talks with representatives of the American administration, financial institutions, and business circles, including the Export-Import Bank of the United States, the International Development Finance Corporation, the American-Uzbekistan Chamber of Commerce, as well as the heads of major companies such as Traxys, Valmont Industries, Gulf Oil, Aviagen, John Deere, BlackRock Financial Markets Advisory, Oppenheimer, and others. Following the signing of bilateral documents, the parties solidified agreements in priority areas such as the agro-industrial complex, critical minerals, financial market development, improving the investment climate, and the creation of an investment platform.

Discussions with the US Trade Representative and the Secretary of Commerce deserve special attention. During these talks, the need to intensify work within the framework of the Trade and Investment Framework Agreement between the countries of Central Asia and the United States was emphasized. This gave cooperation not only a bilateral but also a regional dimension, strengthening Uzbekistan’s position as a coordinator of economic processes in the region.

Viewed historically, the current stage’s foundation was laid back in 2018 during Shavkat Mirziyoyev’s first official visit to Washington, when agreements worth over $4.8 billion were signed. This package signaled Uzbekistan’s systemic openness to international businesses. In 2021, the Strategic Partnership Dialogue was established, and its subsequent expansion testifies to the institutionalization of bilateral relations. The invitation of the Uzbek leader to the G20 summit in Miami, personally initiated by US President Donald Trump, further confirmed the country’s strengthening international status and recognition of its growing role on the global agenda.

The economic dimension of cooperation is demonstrating steady growth. While trade turnover stood at $408 million in 2018, it consistently exceeded $1 billion by the end of 2024-2025. The current three-year Economic Cooperation Program, worth $35 billion, reflects the long-term nature of the parties' intentions. At the same time, the structure of interaction is undergoing a qualitative change: the emphasis is shifting from trade operations to the implementation of investment and production projects.

Today, flagship American companies such as Air Products, General Electric, General Motors, Boeing, Honeywell, and John Deere are actively operating in Uzbekistan. The $8.7 billion package of agreements signed at the C5+1 summit, including a contract for 22 Boeing aircraft, investments in the critical minerals sector, and projects in the agro-industrial sector, confirms the practical focus of the dialogue.

The transformation of the export structure is particularly revealing: services now account for approximately 86% of Uzbek exports to the US, with the IT sector remaining the key driver. Of the 800 active digital services exporters, 448 target the US market, accounting for 45% of all industry exports. This demonstrates that the partnership is gradually becoming more high-tech, moving beyond traditional commodity-based models.

The humanitarian dimension of cooperation is no less important. Academic exchange is expanding, the number of joint research projects is growing, and the integration of Uzbek specialists into international educational networks is strengthening. Currently, 40 Uzbek universities are implementing partnership programs with more than 25 US universities. Webster University’s Tashkent branch and the American University of Technology, established jointly with Arizona State University, are successfully operating. Thus, a long-term intellectual infrastructure for strategic partnership is being formed.

Overall, the current stage of relations between Uzbekistan and the United States is characterized by a transition from symbolic declarations to systemic coordination on issues of regional security, sustainable development, investment policy, and technological modernization. These achievements confirm that Uzbekistan is steadily establishing itself as a key US partner in Central Asia.

Dunyo IA

Uzbekistan continues to strengthen its position as one of the most active hubs of cooperation between Central and South Asia. Changes in the global trade architecture, the restructuring of supply chains, and the growing importance of regional markets are increasing the significance of the South Asian direction.

South Asia, home to one of the world's largest consumer markets, substantial industrial potential, and rapidly expanding investment activity, is emerging as one of the key centers of the global economy.

Against this backdrop, Uzbekistan’s cooperation with South Asian countries is increasingly taking on a practical economic dimension. This involves the creation of sustainable mechanisms for trade, investment, and institutional cooperation capable of generating new growth opportunities for the entire region. Afghanistan occupies a special place in this process, serving as a bridge between Central and South Asia.

A practical manifestation of this transformation was the first interregional forum, the Termez Dialogue, held in May 2025 at the International Trade Center “Termez.” The forum became one of the most significant steps in implementing Uzbekistan’s initiative to strengthen connectivity between Central and South Asia, previously enshrined in a dedicated UNGA Resolution.

Discussions focused on trade and economic cooperation, investment, energy, food security, climate resilience, and Afghanistan’s integration into regional processes. The forum’s particular significance lay in its effort to establish a long-term platform for cooperation based on economic interdependence, openness, and shared development.

The decision to hold the Termez Dialogue on a regular basis effectively laid the groundwork for institutionalizing a new format of cooperation, with Termez emerging as one of the new geoeconomic platforms for engagement with South Asian countries.

Uzbekistan’s Trade with South Asia

Today, Uzbekistan is among the most active countries in the region in expanding trade, economic, and investment cooperation with South Asia.

The strengthening of interregional connectivity has been accompanied by growth in trade turnover, investment interaction, and business activity, reflecting a transition from limited cross-border cooperation to a broader model of economic integration.

Over the past 9 years (2016–2025), trade between Uzbekistan and South Asian countries increased 3.2 times, reaching $3.5 bn. Uzbekistan’s exports to the region tripled to $2 bn, while imports increased 4.1 times to $1.5 bn.

The main categories of Uzbekistan’s exports to South Asia include food products worth $976.4 mn (48.1%), mineral oils – $368 mn (18.1%), transport services – $277.8 mn (13.7%), industrial goods – $140.5 mn (6.9%), and chemical products – $134.9 mn (6.6%).

The main import categories from South Asian countries include chemical products worth $477.6 mn (32.2%), food products – $391.4 mn (26.4%), machinery and equipment – $309.1 mn (20.8%), other products – $99 mn (6.7%), and finished products – $67 mn (4.5%).

In 2025, the largest share of trade with South Asia was accounted for by Afghanistan. The predominance of Uzbek exports made Afghanistan a highly beneficial trade and economic partner, ranking first among South Asian countries in terms of Uzbekistan’s trade turnover, which reached $1.7 bn, or 47.7% of total trade with the region.

Food exports to Afghanistan amounted to $712.7 mn, while Afghanistan accounted for 75.5% of Uzbekistan’s food exports to South Asia.

Trade and economic cooperation between Uzbekistan and India has also expanded significantly in recent years. India ranked second among South Asian trading partners, with bilateral trade reaching $1.3 bn in 2025 (37.5% of total trade with the region).

India ranked second among Uzbekistan’s South Asian trading partners, with bilateral trade reaching $1.3 bn in 2025, accounting for 37.5% of Uzbekistan’s total trade with the region.

Pakistan ranked third, with trade turnover amounting to $445.9 mn, or 12.7% of Uzbekistan’s total trade with South Asia. In 2025, Uzbekistan’s exports to Pakistan consisted of food products worth $260.2 mn, industrial goods worth $21.2 mn, services worth $30.1 mn, and non-food raw materials worth $13.2 mn.

Imports from Pakistan in 2025 included food products worth $56.2 mn, chemical products worth $45.3 mn, industrial goods worth $6.4 mn, and various finished products worth $5.2 mn.

Over the past 9 years, the volume of foreign direct investment and loans attracted from South Asian countries to Uzbekistan totaled $1.3 bn, including $510 mn in 2025 alone. The largest contributions came from India ($586.7 mn) and Afghanistan ($519.2 mn).

Termez as a Hub of Interregional Connectivity

Termez occupies a special place in the development of Uzbekistan’s cooperation with South Asian countries. Located at the crossroads of Central and South Asia, the city serves as a trade, investment, and humanitarian hub connecting the two regions.

Historically, Termez played an important role in the system of interregional relations, situated at the intersection of the largest trade and civilizational spaces of Eurasia. Owing to its strategic geographic location, Termez linked India, Afghanistan, and Central Asia as early as ancient times, while during the Timurid era it was one of the region’s prominent administrative, commercial, and scientific centers.

The city’s current stage of development reflects the gradual restoration of this historical role under new geoeconomic conditions.

Since 2016, the Termez Cargo Center international logistics hub has been operating in the city, strategically located at the intersection of Afghanistan, Tajikistan, and Turkmenistan. In recent years, it has become one of the largest channels for delivering humanitarian assistance to Afghanistan through the mechanisms of the United Nations World Food Programme (WFP) and the United Nations High Commissioner for Refugees (UNHCR).

An additional impetus to regional development came with the opening of the Airitom International Trade Center in 2024, located in close proximity to the Afghan border. Today, the center is gradually evolving not only into a trading platform but also into a comprehensive geoeconomic hub bringing together logistics, business, educational, and humanitarian initiatives.

The center hosts a free trade zone with simplified business conditions for companies from South Asian countries. A visa-free regime has been introduced, transactions in foreign currencies are permitted, and entrepreneurs from Afghanistan and Pakistan have been granted the opportunity to conduct business within the complex. At the same time, social infrastructure, including educational and healthcare facilities, continues to develop.

At present, the Airitom International Trade Center covers 36 hectares, includes more than 3,000 retail outlets, and provides approximately 5,500 jobs. Since its opening, the center has been visited by more than 440,000 people, while annual exports have reached $1.2 bn.

Termez is also home to an educational institution for Afghan citizens, and a workforce development system is being expanded to support growing interregional cooperation.

In practice, Termez is becoming one of the key centers of economic interaction between Central and South Asia. The development of trade infrastructure, logistics, humanitarian projects, and business activity is strengthening economic ties between the two regions and enhancing Uzbekistan’s role in promoting interregional cooperation.

Against this backdrop, the Termez Dialogue is gaining importance as a permanent platform for aligning the long-term interests of the countries of Central and South Asia. The upcoming forum creates opportunities for advancing joint initiatives in trade, investment, food security, water resources, and sustainable development.

At the same time, the regular format of the Dialogue contributes to the development of a more sustainable model of interregional engagement based on pragmatic cooperation, economic interdependence, and the expansion of practical cooperation mechanisms between the two regions.

A New Economic Architecture of Connectivity

The significance of the Termez Dialogue extends beyond the framework of a traditional international forum. It reflects a broader transformation taking place across Eurasia, where regional connectivity, resilient supply chains, and economic cooperation are becoming increasingly important drivers of growth and stability.

For Uzbekistan, strengthening ties with South Asia represents not only an opportunity to diversify trade and investment flows but also a strategic instrument for enhancing the country’s role as a bridge between major regional markets.

The growing interconnectedness of Central and South Asia creates new opportunities for expanding trade routes, attracting investment, developing transport and logistics infrastructure, and strengthening cooperation in energy, agriculture, education, and human capital development.

Afghanistan occupies a central place within this emerging framework. Its integration into regional economic processes has the potential to transform it from a source of geopolitical uncertainty into an important transit, trade, and economic partner linking the two regions.

The development of practical cooperation mechanisms through platforms such as the Termez Dialogue may therefore contribute not only to economic growth but also to greater regional stability and long-term prosperity.

Through initiatives aimed at strengthening interregional connectivity, Uzbekistan is consistently promoting a vision of cooperation based on openness, mutual benefit, and shared development.

The experience of recent years demonstrates that expanding economic ties between Central and South Asia is no longer merely a political aspiration but an increasingly tangible economic reality supported by growing trade, rising investment flows, and expanding business engagement.

The institutionalization of the Termez Dialogue provides an important mechanism for sustaining this momentum. By bringing together governments, businesses, international organizations, and experts, the forum creates conditions for identifying common interests and developing coordinated approaches to regional challenges.

The continued development of trade infrastructure, logistics corridors, investment cooperation, and humanitarian initiatives centered around Termez further strengthens the city’s role as a gateway between Central and South Asia.

In this regard, the Termez Dialogue is evolving into a long-term platform for shaping a new model of regional cooperation – one based not on competition but on economic complementarity, interdependence, and shared prosperity.

As connectivity between the two regions deepens, Termez is increasingly positioned not only as a geographical crossroads but also as a strategic center of economic interaction capable of facilitating sustainable development across a vast part of Eurasia.

Ziyoda Rizaeva,
Center for Economic Research and Reforms

Distinguished heads of delegations!

I am sincerely glad to greet you all. I would like to echo the words of gratitude to the President of the Republic of Kazakhstan, H.E. Kassym-Jomart Tokayev, for the warm welcome and excellent organization of our meeting.

I am grateful to the distinguished Federal Chancellor of Germany, H.E. Mr. Olaf Scholz, for his commitment to expanding the multifaceted partnership with the countries of our region.

Our first meeting in Berlin and today's summit reaffirm shared intention to continue an open and constructive dialogue and our focus on achieving concrete practical results.

We are interested in holding regular meetings in this format, with setting up the mechanisms for expert review and implementation of the initiatives put forward.

Distinguished Federal Chancellor!

We highly value Germany's firm and unwavering support for the ongoing democratic transformations and socio-economic reforms in our countries, partnership and integration in Central Asia.

I would like to highlight that our multifaceted relationship has deep historical roots.

In the 18th century, the great composer of the Age of Enlightenment Handel created one of his greatest works – the opera "Tamerlane" – in just 20 days.

The great poet and philosopher Goethe dedicated a number of his famous works to our ancient cities - the centers of civilization.

I would like to mention another historical fact.

At the beginning of the 20th century, a group of talented, progressive young people from Central Asia studied at the leading German universities and subsequently made a great contribution to the promotion of the enlightenment ideas and socio-economic development of our region.

I would like to emphasize that today we see Germany as one of our important partners in achieving national goals of sustainable development.

Let me briefly highlight the profound and fundamental changes that have taken place in Central Asia in recent years.

We have established an open and productive dialogue and are independently addressing many issues related to borders, water, energy, trade and transit.

Recently, the Sixth Meeting of the Heads of State of the region was held here in Astana.

The international stance of the region is strengthening, cooperation with the leading countries via "Central Asia Plus" format is expanding.

The volumes of trade turnover, investment, freight transport and tourist travel by our citizens have increased many-fold.

We are discussing major regional projects in green energy and the development of transport communications.

We are exchanging experience and technologies, creating modern industrial and agricultural enterprises, and introducing financial instruments to stimulate cooperation projects.

Most importantly, we clearly understand that the future of our region, its security and sustainable development depends solely on our political will and efforts.

We sincerely welcome the interest of our European partners, first of all Germany, as the main initiator and driving force behind the promotion of EU strategies and multilateral cooperation programmes with our countries.

We are preparing to hold another summit in Uzbekistan in the format of "Central Asia - European Union" next year, having defined the investment in the future of the region as the main topic of the agenda of the meeting.

Dear colleagues!

Conflicts and wars, the overall global instability and unpredictability, sanctions policy, increased protectionism and many other factors are causing extremely negative impact on our countries and are becoming a serious test to the implementation of national programs and reforms.

Earlier, during our talks in Samarkand, I shared with Chancellor Scholz my high expectations from today’s meeting.

In this regard, I would like to outline our vision of the main directions for developing cooperation with Germany in Central Asia.

First. We highly value the establishment of a strategic regional partnership between Central Asia and Germany, which meets the common interests of maintaining stability, ensuring sustainability and prosperity of the region.

We consider it appropriate to adopt a long-term Concept for the development of our partnership with program activities in priority areas.

In order to develop this document, we propose to consider the possibility of establishing the “Central Asia – Germany” Forum of Analytical Centers. We are ready to hold its first meeting next year in Khiva - one of the region’s historic cities where a large community of German Mennonites used to live.

We also assign an important role to the annual meetings of the heads of the foreign ministries of our countries in preparing the agenda of our summits.

Second. Investment and technological partnership with the leading German companies.

I would like to note that the portfolio of ongoing and promising projects in Uzbekistan with the participation of German companies exceeds 20 billion Euros.

This includes energy, chemical and extractive industries, machine building, textile and food industry, agriculture, transport and logistics, production of construction materials.

The leading German companies, such as Siemens, Linde, BASF, MAN, Claas, Henkel, Knauf and many others are among our partners, which have invested about 6 billion euros into Uzbekistan’s economy in recent years.

Today we will have the opportunity to discuss long-term plans with the representatives of the German business.

In this regard, I have a number of specific proposals:

– developing a "road map" for expanding investment and technological cooperation between the Central Asian countries and Germany;

– participation of the leading German companies and banks in the implementation of joint projects in the special economic and industrial zones being created in the border areas, as well as large infrastructure projects of regional significance;

– launching of a permanent business dialogue platform – “Central Asia-Germany” Council of Investors and Entrepreneurs. We are ready to hold its first meeting next year in Uzbekistan within the Tashkent Investment Forum;

– study of the possibility of adopting a multilateral intergovernmental agreement on promotion and protection of investments.

Third. Partnership in critical raw materials based on the introduction of advanced German knowledge and technologies.

As it was mentioned our region is abundant in mineral resources.

The German Mineral Resources Agency and German companies could become our key partners in this area.

Here, we are referring to the geological survey projects, intensive exploration, processing and production of products with high added value, as well as arrangement of shipments to Germany and other EU countries.

Uzbekistan is ready to take part in the joint implementation of such projects in neighboring countries.

The technical assistance from Germany and European institutions in implementing the Digital Mapping Program of Critical Minerals and Rare Earth Metals in our region holds promising opportunities.

We also believe it is important to establish a reliable legal framework for such cooperation.

Fourth. “Green” energy. In recent years, all our countries have been actively developing solar, wind and hydropower, modernizing thermal power plants and networks, and promoting green hydrogen projects.

We propose to consider launching an Energy Dialogue between Central Asian countries and Germany, involving energy ministries, companies, operators, scientific organizations, design institutes and industry experts.

We are interested in preparing a Comprehensive Capacity Building Program for specialists in the low-carbon economy with the German technical assistance.

Fifth. Joint response to climate change.

Experts predict that the Central Asian region will remain most vulnerable to the effects of global warming. The rise in average temperatures will be twice as high as the world average.

We are grateful to the German side for launching the second phase of the “Green Central Asia” program, assistance provided for the implementation of environmental projects.

We are also interested in the following:

- implementation of joint educational programs and scientific exchanges at the Central Asian University of Environmental and Climate Change Studies;

- adoption of cooperation programs for the introduction of German water management technologies, modernization of irrigation systems, conservation of biodiversity and training of environmental specialists.

We support and are ready to take an active part in the practical implementation of the initiative of the German Chancellor to create a Central Asian Nature Partnership.

Sixth. The biggest barrier to deepening our partnership is the lack of transport connectivity, including land and air.

We count on Germany’s support in engaging European institutions in the development of alternative transportation corridors connecting Central Asia with Europe.

We propose to hold a joint Ministerial Conference next year on improving the transit capacity of such routes.

Dear heads of delegations!

The exhibition of cultural and historical heritage of our region last year at the Neues Museum in Berlin once again demonstrated the need for regular organization of such events.

Over several months, more than half a million of residents and guests of the German capital city enjoyed the exhibition.

We propose to adopt a Joint Plan for Cultural Activities in our countries, consider the possibility of holding Central Asian Art and Film Days in major cities of Germany, and establish cooperation between museums.

In the field of scientific and educational exchange, it is important to launch a platform for partnership among leading universities,
to develop programs aimed at expanding cooperation in the field of dual education, to train German language teachers with the involvement of the Goethe Institute and other German organizations.

The high interest of our youth in learning German is evidenced by the victory of an Uzbek schoolgirl at the World Olympiad held this summer in Göttingen.

Dear colleagues!

We believe it is important to continue close cooperation with Germany in the fields of combating terrorism, extremism and cybercrime, preventing radicalization of youth.

The security situation in Central Asia is inextricably linked with the processes taking place in Afghanistan.

We believe it is important to prevent the aggravation of the humanitarian crisis in this country, which is left alone with its own challenges.

In this regard, we are ready to cooperate with Germany and other European partners in the implementation of joint projects aimed at involving this country into regional economic cooperation and training personnel, including girls and women, in skills that are on-demand for the peaceful life in Afghanistan, at the Educational Center located in the border town of Termez.

In conclusion, I would like to emphasize that Uzbekistan is interested in untapping the potential of Germany’s multifaceted cooperation with the Central Asian region.

I am confident that today’s meeting will serve to further bringing our countries and peoples closer and fill our strategic partnership with concrete projects and programs.

Thank you!

Namangan is one of Uzbekistan’s regions with a rich centuries-old history. The area has been continuously inhabited for more than two thousand years. The Namangan region was established as an administrative unit in 1941. Today, its population exceeds three million people. The area covers 7,900 km², and its administrative centre is the city of Namangan. The city is located at an altitude of about 450 metres above sea level.

Namangan is one of the most densely populated regions of Uzbekistan. As a result, public life is highly active, and economic, cultural, and educational processes are developing dynamically. The annual International Flower Festival is especially well known.

The Flower Festival was first held in Namangan in August 1961 as a flower exhibition. In 2018, it received international status, and since then it has attracted participants and guests from various countries. Today, it has become one of Uzbekistan’s largest international cultural celebrations.

This year marks the 65th anniversary edition of the festival. Over the years, the event has gained recognition not only in the country but also internationally.

The festival attracts significant interest not only from residents of Uzbekistan but also from neighbouring countries, as well as international experts and specialists. Preparations for the event are currently in full swing.

According to organisers, around 1 million foreign tourists from more than 50 countries and over 7 million local visitors are expected this year. The 50-day festival will include more than 150 cultural, educational, and entertainment events.

A key feature of this year’s festival may be its inclusion in the Guinness World Records. A process is currently underway to set a record for the largest-scale flower planting within a month. The process is being monitored for transparency by a representative of the organization in the UAE, Kanzy Defrawy, in accordance with international standards.

The festival will run from 24 May to 12 July. Its programme includes gala concerts, drone shows, car parades, open-air symphony concerts, fashion weeks, exhibitions, and international forums on tourism, investment, and business.

As part of the preparations, around 5 million seasonal flowers have been planted across the city and districts, giving the region a bright and festive appearance.

The opening ceremony will take place on 24 May at Babur Park in Namangan. On this day, a flower-decorated car parade will be held through the city streets, and in the evening a concert featuring local and international artists will take place at the amphitheatre of the “New Uzbekistan” Park.

Throughout the festival, daily programmes will include theatre performances, puppet shows for children, handicraft fairs, workshops, and regular concerts in parks.

In late May and early June, several major events are planned, including a symphony concert, a retro music evening, “Fashion Days” shows, a lavender festival, and a concert by Yulduz Usmonova. A drone show is also scheduled for 1 June.

Sports enthusiasts will be able to enjoy wrestling competitions, motocross events, international tournaments, and ethnosport games.

The festival will also host international conferences on biodiversity, artificial intelligence, tourism, and economics, highlighting its scientific significance.

In addition, gastronomic festivals, youth environmental campaigns, competitions, and special programmes for children are planned.

The festival will conclude on 12 July with a closing and award ceremony at the “New Uzbekistan” Park.

In summary, the International Flower Festival in Namangan is not only a celebration of flowers but also a large-scale international event that combines culture, art, sport, and science.

Dunyo IA

April 9 - the 690th anniversary of the birth of Amir Temur

Center of Islamic Civilization in Uzbekistan

Human history shows that great civilizations are built upon a combination of intellectual achievements, spiritual values, and cultural heritage. Central Asia has long been a center of science, art, and philosophy, forming civilizational foundations that have influenced the entire world.

Today, this potential is embodied in a large-scale project — the Center of Islamic Civilization in Uzbekistan, which not only preserves historical artifacts but also serves as a living platform for science, education, and spiritual development.

Created based on the authorial idea of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, the Center of Islamic Civilization clearly demonstrates that spiritual and educational values can serve as a foundation for national revival and international cooperation, attracting researchers, tourists, and the wider public from all over the world.

Amir Temur occupies a special place in world history as an outstanding statesman, military leader, and founder of one of the largest empires of his time. The late 14th and early 15th centuries were a period of profound political transformations, and in this context Amir Temur succeeded in uniting vast territories from India to the Middle East, creating a powerful state with a stable system of governance.

A special role in his policy was played by diplomacy. Amir Temur established contacts with European countries, including France, England, and Castile. The Spanish envoy Ruy González de Clavijo, who visited Samarkand in 1404, noted the high level of state organization, developed infrastructure, and respect shown to foreign ambassadors.

The arrival of the Castilian ambassador Ruy González de Clavijo to the court of Amir Temur in Samarkand in 1404

Amir Temur also created a unique legal foundation for his empire. According to the “Code of Temur,” the state relied on four pillars: council, deliberation, a well-considered plan, and determination. Nine-tenths of affairs were resolved through consultation and wise measures, and only one-tenth by the sword. This principle reflects the priority of diplomacy and legal solutions over military force, emphasizing the balance of justice and determination in governance.

After the death of Amir Temur, his successors — the Timurids — continued the development of the state, paying particular attention to science, culture, and education. This period became known as the Second Eastern Renaissance, as it witnessed a flourishing of intellectual and artistic life that accelerated the development of the European Renaissance.

A special place among the Timurids is occupied by Mirzo Ulughbek. Mirzo Ulughbek (1394–1449) was an outstanding scholar, astronomer, mathematician, and statesman of the Timurid era, as well as the grandson of Amir Temur. He spent most of his life in Samarkand, which under his rule became a major scientific center of the East.

One of Ulughbek’s greatest achievements was the construction of the Ulughbeg Observatory in the 1420s. This observatory was considered one of the most advanced in the world at that time. Here, together with scholars, he compiled the famous astronomical catalog “Zij-i Sultani,” in which the coordinates of more than 1,000 stars were determined with remarkable accuracy.

“The Baysunghur Quran”, copied by the calligrapher Umar Aqta for Amir Temur

Today, the legacy of the Timurids can be seen at the Center of Islamic Civilization in Uzbekistan, where unique exhibits demonstrating the cultural and spiritual richness of the era are preserved. Among them is a fragment of the Quran copied by the calligrapher Umar Aqta for Amir Temur, known as the “Baysunghur Quran.” This manuscript represents a triumph of calligraphy over ornamentation: harmonious, powerful letterforms and the precise flow of ink create a grand visual effect. The Center preserves a single line of this Quran, allowing visitors to experience the greatness of Timurid art and understand how the culture of writing shaped the spiritual image of the state.

A special place is also occupied by the Baburid talismanic robe — a protective garment created in court workshops to safeguard and bless its wearer. Dense cotton fabric is entirely covered with Quranic texts, as well as the shahada and the 99 names of Allah. On the back, there is a verse from Surah Yusuf (12:64): “Indeed, Allah is the best guardian, and He is the most merciful of the merciful.”

Baburid talismanic robe

The Center of Islamic Civilization in Uzbekistan is not only a museum but also a living educational platform. The architectural concept of the complex harmoniously combines Timurid traditions with modern technologies, symbolizing the unity of past and present. Its 65-meter dome and majestic portals embody the connection of all regions of Uzbekistan, creating a sense of monumentality and historical continuity.

The Center’s exposition is built on the principle of “Civilizations — Personalities — Discoveries” and covers key historical stages: the pre-Islamic period, the First and Second Renaissances, as well as the modern stage of New Uzbekistan. Visitors can not only observe unique artifacts but also interact with them through VR and AR technologies, holograms, and artificial intelligence, making history vivid and tangible.

The Center integrates diverse educational and cultural functions: interactive laboratories, the children’s museum “1001 Inventions”, a library with a collection of more than 2,500 manuscripts and lithographs, around 40,000 printed publications, and over 350,000 digital resources, a school of calligraphy and traditional arts by the King’s Foundation, as well as representative offices of ICESCO, IRCICA, and OCIS. All of this creates a space where tradition and innovation coexist and complement each other, stimulating the development of science and culture.

Thanks to this approach, the Center becomes not just a repository of knowledge but a living bridge between historical renaissances and the Third Renaissance, ensuring continuity of traditions and inspiring new generations toward scientific, cultural, and spiritual achievements.

On April 9, at the initiative of the President of the Republic of Uzbekistan, the 690th anniversary of the birth of the great statesman, military leader, and patron of science and culture, Amir Temur, is being widely celebrated. This anniversary is regarded not only as a tribute to historical memory, but also as an important factor in strengthening national identity, advancing scientific potential, and promoting the country’s cultural diplomacy.

As part of the anniversary events, the Center of Islamic Civilization serves as a key platform for international dialogue. In this regard, on April 9–10 of this year, a large-scale international scientific conference will be held there, bringing together more than 300 leading scholars, researchers, and experts from Europe, Asia, the Middle East, and North America. The conference is aimed at a comprehensive study of the role and significance of Amir Temur and the Timurid civilization in world history and culture, as well as at establishing a sustainable platform for further international scientific and cultural cooperation.

The Center of Islamic Civilization stands today as an intellectual and cultural locomotive of the region, contributing to the unification of humanity on the path toward peace, harmony, and progress, guided by the great principle: “Read in the name of your Lord…”

Dunyo IA

Following the results of Q1 2026, the ranking of large banks underwent notable changes. While the leading group remained intact, positions within the segment were reshuffled. In the small-bank category, movements were also significant, pointing to continued realignment and stronger competition across the sector.

The Center for Economic Research and Reforms presented the updated Bank Ranking based on the results of the Banking Activity Index for Q1 2026.

The study covers 34 commercial banks of the republic, including 20 classified as large financial institutions by scale and branch network, while the remaining 14 were categorized as small banks.

The methodology is based on the analysis of 27 indicators benchmarked against national averages and international standards, including the requirements of the Basel Committee. The ranking serves as an important tool for enhancing transparency and strengthening confidence in the financial system. This approach is consistent with international practice and is widely used by leading financial institutions.

Financial Results for Q1 2026

During the reporting period, total assets of the banking sector amounted to 932.3 tn sums ($76.3 bn), while liabilities reached 793.9 tn sums ($64.9 bn). Lending increased by 14%, while deposits grew by 32%. The aggregate capital of the banking system was fully denominated in the national currency. Net profit reached 3.1 tn sums ($254 mn), which is 36.3% higher than a year earlier.

During the period under review, the share of non-performing loans declined to 3.3%, compared with 4.5% a year earlier, indicating improved portfolio quality. At the same time, in several banks the ratio remains above the sector average. Capital adequacy indicators exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.

Large Banks Activity Ranking for Q1 2026

The results of Q1 2026 show that despite the relative stability at the top of the ranking, both categories of banks recorded notable positional changes.

In the large-bank segment, performance was mixed. Out of 20 banks, 7 improved their positions, 8 declined, and 5 retained their previous places. This reflects a high level of competition and the ongoing redistribution of market positions.

The most notable progress was demonstrated by Tenge Bank, which moved up by 6 positions. Three more banks — Agrobank, Invest Finance Bank, and Xalq Bank — advanced by 2 positions each. Positive momentum was also recorded by Ipak Yuli Bank, Asia Alliance Bank, and Hamkorbank, all of which improved their standing in the overall ranking.

At the same time, several large banks recorded lower activity levels. The most significant decline was observed at Orient Finans Bank and Trast Bank, which fell by 5 and 3 positions respectively.

Changes Across Key Indicators

Financial Intermediation. The leading positions were taken by Invest Finance Bank, Anor Bank and Kapitalbank. In this ranking, Davr Bank and Hamkorbank fell by 4 positions, while Ipoteka Bank declined by 1 position.

Financial Accessibility. The leaders were Agrobank, Anor Bank and BRB. Under this indicator, declines were mainly observed among leading banks: Kapitalbank (-3 positions), Hamkorbank (-7), Asia Alliance Bank (-1), Ipak Yuli Bank (-5), and Trast Bank (-6). The strongest improvement in this ranking was recorded by Tenge Bank (+8), Xalq Bank, Davr Bank (+5), and Agrobank (+4).

Capital Adequacy. The top positions were occupied by Orient Finance Bank, Trast Bank and Halk Bank. At the same time, Agrobank dropped by 4 positions, while Aloqa Bank declined by 2 positions.

Asset Quality. The leaders were Hamkorbank, Asia Alliance Bank and Ipak Yuli Bank. Turonbank fell by 5 positions, while Asakabank, Mikrokreditbank, SQB, Trast Bank and Anor Bank each declined by 2 positions.

Management Efficiency. The highest positions were held by SQB, Orient Finance Bank and NBU. At the same time, Asaka Bank dropped by 5 positions, while BRB declined by 4 positions.

Profitability. The leaders were Hamkorbank, Trast Bank and Asia Alliance Bank. Turon Bank, after falling by 3 positions, ranked last. In this ranking, Kapitalbank, Asia Alliance Bank, Anor Bank and Davr Bank declined by 2 positions, while Ipoteka Bank and Mikrokreditbank fell by 1 position.

Liquidity. The leaders were Asia Alliance Bank, Ipak Yuli Bank and Trast Bank. At the same time, Mikrokreditbank, Ipoteka Bank, Anor Bank and SQB each declined by 1 position.

Small Banks Activity Ranking for Q1 2026

The small-bank group remained relatively stable, with leading institutions retaining their positions. The main changes in this category were concentrated in the middle segment, where several banks improved their standing due to stronger financial intermediation and higher profitability.

Within this group, 8 out of 14 financial institutions improved their rankings. The most notable gains were recorded by AVO Bank and Apex Bank, both rising by 3 positions. TBC became the leader of the ranking.

At the same time, 5 banks moved down, with the sharpest decline recorded by Octobank, which lost 6 positions. Saderat Bank, Garant Bank, and Ziraat Bank each rose by 2 positions. The ranking was rounded out by Open Bank and Uzum Bank, both up by 1 position.

Jafar Khidirov, CERR

CERR Banking and Financial Sector Research Sector
Tel: (78) 150 02 02 (441)

CERR Public Relations and Media Sector
Tel: (78) 150 02 02 (417)

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

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

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

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

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

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

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

Eldor Tulyakov,

The Executive Director,

Development Strategy Centre (Uzbekistan)

During one of his visits to the Kashkadarya province, President of Uzbekistan, Shavkat Mirziyoyev, emphasized the profound wisdom and exemplary value embedded in the literary works dedicated to our historical figures. In particular, he highlighted the significance of texts related to Amir Temur, most notably the Temur tuzuklari (Institutes of Temour), which he identified as a critical source for understanding our national heritage. The President stressed again the necessity of comprehensive scholarly engagement with this text, recognizing it as a testament to the intellectual and statecraft traditions of the Uzbek people.

The Temur tuzuklari commissioned by Amir Temur, occupies a prominent place in the historiography of world civilization. Its significance is multifaceted. First, the authorship is attributed to a statesman of exceptional strategic and intellectual capacity, and the text has remained a subject of sustained scholarly interest. Second, the clarity of the work’s prose enhances both its accessibility and its continued relevance. Third, the work was produced in a period marked by geopolitical realignments and intellectual developments that would later contribute to the European Renaissance. Finally, Amir Temur’s enduring stature within a multipolar global order, all of these factors emphasize the broader historical value of the text, which continues to engage both academic and general audiences.

Temur tuzuklari is a very simple yet deeply meaningful and richly substantive work. To write such a piece, the author must possess a broad worldview, have personally experienced the heavy footsteps of history and the hardships of building an immense state, and must have attained the status of a noble figure who could easily fathom the world, deeply understand history and geography, be well-versed in ethnonymy, toponymy, and be capable of drawing profound conclusions about life, the flow of the world, and the paths of existence, a figure at the level of a wise philosopher. In other words, the Turon saltanati (Turanian kingdom) was the creation of Amir Temur. He referred to himself as the “Sultan of Turan”. In 1391, these words were inscribed in Old Uzbek on stone in Dasht-i Kipchak Steppe. That empire was built through the arduous labor of our forefather, and its institutions did not emerge spontaneously, but arose from pressing necessity (emphasis by the author). Temur tuzuklari came about as a vivid expression of all of this.

Only an individual of Amir Temur’s stature, who, as the historian Nizomiddin Shomiy described, attained perfection and high rank through his own mature effort and determined striving,” and who had acquired firsthand experience in the art of empire-building, could have created the Tuzuklar. The authorship of such a piece lies solely within the capacity of such a figure; there can be no room for doubt in this regard. In fact, a close reading of the Temur tuzuklari reveals the expansive intellectual breadth of its author.

Another important point: it would be illogical, a fundamental error, to suggest that this intellectually rich and thematically mature work, which has been the subject of scholarly inquiry for six centuries and continues to attract global interest, was authored by an anonymous writer and merely “presented” to Amir Temur, with authorship later attributed to him as a gesture of “flattery”. Such speculation lacks credibility. Moreover, Major William Davy, Persian secretary to the Commander in Chief of the Bengal Forces, was the first translator of the Tuzuklar into English, emphasizing that Amir Temur was the genuine author of the work.

The composition of the Tuzuklar appears to have been an iterative process, spanning several years and undergoing multiple revisions, abridgments and expansions.

The Arab historian Mazhar Shihab, as cited by Ubaydulla Uvatov, affirms that “Amir Temur began recording his memoirs long before he assumed power”. This observation suggests that Temur maintained a long-standing interest in documenting his thoughts and experiences and that he may have been reluctant to delegate such a task to others, either  out of concern for accuracy or due to the absence of individuals he deemed suitably qualified.

The Temur tuzuklari, enriched with wisdom, also offers invaluable insight into Amir Temur’s character. The text depicts him as a champion of justice, committed to truth, loyalty, and the well-being of his people. He is portrayed as magnanimous, fearless, and principled ruler. He bravely strives to uphold the rights of the oppressed against the tyrants, for he knows that a country may endure with disbelief but cannot tolerate oppression.

Alisher Navoi, a contemporary of Amir Temur’s legacy, begins the seventh chapter (majlis) of his work “Majalis un-Nafais” (The Assemblies of the Refined) with the name of Amir Temur Kuragon. Navoi portrays the Sahibkiran as an intellectual and a man of high spirituality, awarding him the most prestigious place among the “refined souls”.

Navoiy also recounts a remarkable episode that illustrates the Sohibqiron’s powerful memory. When a long-sought criminal–Xoja Abdulkadir Marogi, famous composer, musician, the Qur’an reciter–was finally brought before Amir Temur, the man began reciting the Qur’an in a melodious voice. Moved by the recitation, Temur’s wrath softened and he forgave the offender. Deeply affected, the Sohibqiron then recited a line of poetry in response.

Navoiy was astonished by this poetic line. The Sohibqiron had recited the fourth line of a rubai (quatrain) composed by the renowned Sufi poet and sheikh Abusaid Abulxayr, who had lived about four centuries earlier. Amir Temur had become enamored with this verse and had committed it to memory. This incident reveals not only his deep appreciation for poetry but also his exceptional memory and reverence for spiritual literature. These are precisely such moments that justify the inclusion of Temur’s name in “Majalis un-Nafais”.

Amir Temur was deeply invested in ensuring the accuracy and truthfulness of the work being produced. In this context, the guidance, instructions, demands, advice, and reflections he directed toward the authors, reflecting his intellectual acuity and refined cultural sensibilities, are particularly compelling and merit close scholarly attention.

One thing appears particularly striking: for nearly two centuries after Amir Temur’s death, no information can be found regarding Tuzuklar or its fate. The work seemed to have been engulfed in a darkness of neglect and oblivion.

“The 'Tuzuk-i-Timuri” (Temur Tuzuklari) was a high document of the empire and a state secret; such a document exists in only one, at most two copies, kept in strict confidentiality and secrecy.

Major Davy once wrote the following about Boburnoma: “The book of Baburnama, too, remained in the shadows of neglect and forgetfulness until nearly the middle of the reign of Bobur’s grandson, Emperor Akbar (1566–1605), when it was finally translated from Chagatai Turkic into Persian. Until that time, no one in either Asia or Europe had questioned the authenticity of Babur’s memoirs. Nevertheless, this work, like Tuzuklar, eventually faced a similar degree of scholarly neglect.

An essential scholarly and cultural imperative now rests with leading institutions, including the International Amir Temur Public Foundation, the State Museum of the History of the Temurids, the Al-Beruniy Institute of Oriental Studies of the Academy of Sciences of Uzbekistan, Institute of History of the Academy of Sciences and the Center for Islamic Civilization in Uzbekistan, as well as with the broader intellectual community: namely, to locate the original manuscript of the “The 'Tuzuk-i-Timuri” - Temur tuzuklari, subject it to rigorous academic scrutiny, and reintegrate this foundational text into the corpus of the nation’s cultural and historical legacy.

The recovery of the authentic manuscript, an unparalleled artifact that reflects the political thought and historical consciousness of a pivotal epoch, would constitute a landmark achievement in the advancement of Uzbek historiography and civilizational self-understanding.

        Muhammad ALI

                              Chairman, International Amir Temur Public Foundation

                                      Distinguished Writer of Uzbekistan, Professor