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Uzbekistan in the “C5+1” Platform: Strengthening the Strategic Dialogue with the United States and Central Asian Countries
Uzbekistan in the “C5+1” Platform: Strengthening the Strategic Dialogue with the United States and Central Asian Countries

Modern Central Asia is becoming a space of sustainable growth and mutual trust. The countries of the region demonstrate a strong commitment to building balanced relations with global partners, prioritizing practical initiatives in trade, energy, transport, and innovation. One of the key formats shaping this new architecture is the “C5+1” platform, which unites the Central Asian states and the United States.

Regional Consolidation: Dialogue Based on Equality and Pragmatism

In recent years, the “C5+1” format has evolved from a diplomatic mechanism into an effective platform for coordination and implementation of joint projects. The latest ministerial meeting in Samarkand, attended by the Minister of Investment, Industry and Trade of the Republic of Uzbekistan, Laziz Kudratov, demonstrated a high level of trust and a shared focus on tangible results.

Key topics on the Samarkand agenda included food security, climate resilience, development of green and digital economies, diversification of transport corridors, and deepening industrial cooperation.

Following the meeting, memorandums were signed on decarbonization and digitalization of customs procedures - a step that paves the way for harmonized trade rules, easier exports, and increased investment inflows into the region.

Central Asia: From Fragmentation to an Integrated Economic Space

The figures speak for themselves: the total foreign trade turnover of Central Asian countries has reached $220 billion, almost doubling since 2017, while mutual investments have grown 5.6 times. The region’s combined GDP increased by 40% over the past five years to exceed $406 billion.

These indicators reflect not only growth but also a qualitative shift - from isolated initiatives to a coordinated regional development strategy.

Uzbekistan - Kazakhstan: Industrial and Logistics Core

The Uzbekistan - Kazakhstan partnership exemplifies a new model of integration. Between January and August 2025, mutual trade reached $3.03 billion, up by 15%. Projects exceeding $7 billion are under implementation across engineering, agriculture, construction, and energy sectors. Over 1,100 enterprises with Kazakh capital operate in Uzbekistan, creating jobs and new export niches.

Uzbekistan - Tajikistan: Transport and Energy Bridge

Tajikistan and Uzbekistan are rapidly strengthening railway and energy cooperation. In 2024, cargo traffic between the two countries reached 10 million tons, while regular passenger flights and a joint investment company with a $100 million capital were launched. These are not just numbers - they represent an architecture of trust that enables joint industrial and agricultural clusters.

Uzbekistan - Turkmenistan: Corridors of Growth

Cooperation with Turkmenistan is expanding in energy, logistics, and industry. In 2024, bilateral trade exceeded $1.14 billion, and the Shavat - Dashoguz border zone is evolving into a hub of trade and joint manufacturing. A localization project for repairing Turkmen wagons in Andijan is a vivid example of practical industrial integration.

Uzbekistan–Kyrgyzstan: A “Roadmap” for the Future

The interstate program until 2030 and the Border Regions Council ensure steady progress. From January to August 2025, trade turnover approached $600 million, while Uzbekistan’s exports grew by nearly 80%. New logistics routes are being developed to reduce transport costs and enhance business competitiveness.

“C5+1” as a Catalyst for Development

Participation in the “C5+1” framework gives regional integration new depth - aligning national interests with global sustainability trends.

The United States and regional partners are building long-term cooperation in green energy, resilient supply chains, infrastructure modernization, and human-capital development.

Special attention is given to unified standards for digital trade, environmental management, and logistics technologies, making Central Asia a vital link in Eurasian value chains.

Benefits for the Region and Uzbekistan

For Central Asia, the “C5+1” format provides:

  • Investment and technology: opportunities to attract foreign partners for renewable energy, raw-material processing, and digital transformation;
  • New markets: expanded export opportunities through unified customs and trade standards;
  • Energy security: development of interconnected grids and energy-storage infrastructure;
  • Human capital: education, internships, and exchanges with leading global companies.

For Uzbekistan, the advantages are clear:

  • Expanded export potential through access to new transport routes;
  • Technology localization and industrial partnerships with neighbors;
  • Institutional stability and strengthened position as a regional integrator;
  • Inflow of direct investment supported by uniform rules and a stable macroeconomic environment.

Conclusion: From Geography to the Economy of the Future

Central Asia is steadily transforming from a “crossroads of geography” into a region of synergy. The “C5+1” format has become a framework connecting the efforts of regional and global partners into a unified development strategy - based on trust, mutual benefit, and sustainable growth.

For Uzbekistan, participation in this platform is not merely a foreign-policy choice, but a practical instrument for achieving its long-term national goals - industrialization, export growth, and improved living standards.

Ministers of Foreign Affairs of Uzbekistan and Latvia discussed issues on transport connectivity and logistics, IT and digital technologies, trade, and investments during their meeting in New York
Ministers of Foreign Affairs of Uzbekistan and Latvia discussed issues on transport connectivity and logistics, IT and digital technologies, trade, and investments during their meeting in New York

TASHKENT, September 24. /Dunyo IA/. The Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held negotiations in New York City with the Minister of Foreign Affairs of Latvia Baiba Braže, reports Dunyo IA correspondent.
"Had a productive meeting with H.E. Baiba Braže, Foreign Minister of Latvia, – the head of the Ministry of Foreign Affairs of Uzbekistan wrote in his telegram channel. – We highly value the opening of the office of the Investment and Development Agency of Latvia in Tashkent. Transport connectivity and logistics, IT and digital technologies, trade and investments were on the focus of our meeting".

Climate Change Adaptation Measures in the Aral Sea Region
Climate Change Adaptation Measures in the Aral Sea Region

Today, climate change stands as one of the most urgent and complex global challenges, with its negative effects being particularly acute in ecologically fragile regions under high anthropogenic pressure. One such area is the Aral Sea region, where the consequences of climate change are having a far-reaching impact on the state of natural resources, the living standards of the population, and economic activities.

The desiccation of the Aral Sea has led to a sharp change in the region's microclimate, an increase in air temperature, a decrease in precipitation, intensified wind activity, and a greater frequency of dust and sand storms. These processes are causing land degradation, water scarcity, and a decline in biodiversity. Consequently, agricultural productivity is diminishing, the pressure on drinking water supplies is mounting, and a serious threat to public health is emerging.

Climate change adaptation measures in the Aral Sea region primarily encompass a comprehensive set of actions aimed at sustainable water resource management, strengthening hydro-technical infrastructure, establishing protective forest plantations on the dried seabed, reducing land degradation, conserving biodiversity, and enhancing the climate resilience of the population.

 

In the New Uzbekistan, the issue of adapting to climate change is one of the priority directions of state policy.

Under the leadership of President of Uzbekistan Shavkat Mirziyoyev, numerous initiatives are being advanced at the international level to ensure environmental sustainability, protect natural resources, and adapt to climate change.

Notably, on the initiative of the President of the Republic of Uzbekistan, a special resolution "On declaring the Aral Sea region a zone of environmental innovations and technologies" was adopted at the 75th session of the UN General Assembly on May 18, 2021.

Today, programs aimed at transforming the Aral Sea region into a zone of environmental innovations and technologies, developing green infrastructure, and increasing the population's resilience to climate change are being consistently implemented. This is crucial for combating the negative environmental and public health consequences of the Aral Sea's desiccation, addressing the resulting problems, and improving the living conditions of the local population by ensuring their employment.

In his speech at the 80th session of the UN General Assembly in September 2025, the leader of Uzbekistan will emphasize that the negative consequences of the Aral Sea's desiccation must remain a constant focus of the global community. It will be noted that in recent years, 2 million hectares of salt-tolerant desert plants have been planted on the dried seabed, and by 2030, green cover will be established across 80 percent of this area.

The International Fund for Saving the Aral Sea (IFAS) is a key institutional center that develops practical solutions for climate change adaptation.

The Agency of the International Fund for Saving the Aral Sea (IFAS), operating within the IFAS system, plays a crucial role in implementing climate change adaptation measures in the Aral Sea region.

Specifically, within the framework of the "Creation of Small Water Bodies in the Amu Darya Delta (Phase II) " project, mechanisms for a stable water supply to the lake system have been improved. This is enabling the redistribution of water resources, regulation of the hydrological regime, and strengthening of the region's ecological balance.

In parallel, the reconstruction of the Muynak Canal has significantly increased its water conveyance capacity. Water distribution efficiency has improved, the water supply to the lakes has stabilized, and water losses have been considerably reduced.

Furthermore, as part of the reconstruction of the "Ribache" reservoir dam, hydraulic structures were reinforced, water discharge systems were modernized, and the risk of erosion was significantly diminished. This contributes to strengthening water security and ensuring the effective and rational use of water resources.

In the area of ecological restoration, protective forests are being established in the Akhantay and Akkum areas. Forest reclamation measures carried out on the dried seabed are helping to reduce wind erosion and salt migration processes. Through these efforts, the microclimate in the region is stabilizing, and landscape degradation is being prevented.

At the same time, the social dimension is also vital for ensuring environmental sustainability. To this end, competitions, educational campaigns, and promotional events aimed at raising ecological awareness among youth are regularly organized.

Additionally, modern models for the sustainable use of water and land resources are being introduced for the local population and farms. In this process, special attention is focused on the widespread adoption of water-saving technologies, effective management of land resources, rational land administration, and the implementation of agricultural practices adapted to climate change.

As a result of these measures, it is possible not only to mitigate environmental problems but also to raise the population's standard of living, ensure economic stability, and strengthen the region's resilience to climate change.

 

A Digital and Scientific Approach: A New Stage in Climate Adaptation

At the current stage, climate change adaptation processes are not limited to traditional methods but are being integrated with modern digital technologies and scientific approaches. Specifically, these include:

- real-time monitoring of hydrological and meteorological data;

- analyzing the condition of territories based on satellite imagery;

- planning and optimal allocation of water resources;

- and collecting and managing data through digital platforms.

These approaches enable the early detection of climate change impacts, the reduction of risks, and the efficient use of resources.

At the same time, international cooperation is crucial for the effective implementation of climate change adaptation measures in the Aral Sea region. In particular, through collaboration with the Swiss Agency for Development and Cooperation (SDC), efforts are underway to enhance the region's climate resilience through sustainable water resource management and the introduction of integrated approaches.

Additionally, in partnership with the Global Water Partnership (GWP), mechanisms for ensuring water security and the rational use of resources are being developed. Meanwhile, projects implemented with the Organization for Security and Co-operation in Europe (OSCE) involve monitoring the ecosystems of the Aral Sea's wetlands to assess the impacts of climate change and develop adaptation measures.

Adapting to climate change in the Aral Sea region is not merely about addressing environmental problems; it is a fundamental condition for achieving sustainable development.

The ongoing systemic reforms show that through a scientific approach, modern technologies, and institutional cooperation, sustainable solutions can be achieved even amid the most complex environmental crises.

The primary task now is to prioritize climate change adaptation in every sector and integrate it into our way of life.

This is because adapting to climate change is not just a present-day task, but a strategic responsibility to future generations.

 

Birodarjon Burkhonjonov,

Head of the Agency of the International Fund for Saving the Aral Sea.

President of Uzbekistan to participate in the 80th session of the United Nations General Assembly in New York
President of Uzbekistan to participate in the 80th session of the United Nations General Assembly in New York

On September 20-24, President of Uzbekistan Shavkat Mirziyoyev will pay a working visit to the city of New York to attend the events of the 80th jubilee session of the United Nations General Assembly.

According to the press service of the Head of our state, President of Uzbekistan will deliver a keynote address on the first day of organizing the general debate of the UN General Assembly plenary session.

It’s noteworthy that during the current jubilee session of the UNGA topical issues of ensuring global security and stability, achieving Sustainable Development Goals, reforming the system of the UN and international financial architecture, combatting the consequences of climate change and other modern challenges, will be reviewed.

On the sidelines of the summit, the Leader of Uzbekistan will hold talks with the UN Secretary-General António Guterres, heads of foreign states and governments, leaders of authoritative international financial institutions. 

In the framework of the business program in the United States, it’s planned to hold meetings and events with participation of the leading American companies and financial-investment structures. It’s planned to sign a package of new agreements and contracts.

 

Dunyo IA

Uzbekistan–Japan: Expanding the Boundaries of Strategic Partnership
Uzbekistan–Japan: Expanding the Boundaries of Strategic Partnership

In December 2025, the President of Uzbekistan Shavkat Mirziyoyev will pay an official visit to Japan and take part in the high-level Central Asia + Japan Dialogue summit.

Since the establishment of diplomatic relations between the two states on 26 January 1992, the development of Uzbek–Japanese cooperation has been one of the key priorities of Uzbekistan’s foreign policy in the Asia-Pacific region. Based on mutual respect and trust, Tashkent and Tokyo are today building dynamic, multi-tiered cooperation covering politics, security, the economy, investment, innovation, education, culture, tourism, and interaction within regional formats.

Japan has traditionally been a key strategic partner in modernizing industrial and energy infrastructure, advancing digital transformation, promoting sustainable development, and supporting progress in education, science, culture, and humanitarian exchange.

Bilateral cooperation between Uzbekistan and Japan is rich and dynamic. A turning point in the development of the dialogue was President Shavkat Mirziyoyev’s official visit to Japan in December 2019, which gave a powerful impetus to the implementation of major joint economic, investment, and humanitarian projects and defined the long-term trajectory of bilateral engagement.

On the international stage, Uzbekistan and Japan interact effectively within international organizations and support each other’s positions. Over the years, Uzbekistan has supported Japan’s candidacy to UN bodies more than 40 times, while Tokyo has co-sponsored a number of UN General Assembly resolutions initiated by Uzbekistan, including resolutions on the Central Asian Nuclear-Weapon-Free Zone, education and religious tolerance, youth support, and the role of parliaments in achieving the Sustainable Development Goals.

The strategic nature of bilateral relations is also reflected in inter-parliamentary cooperation. Friendship groups operate within both national parliaments, regular meetings of the Uzbekistan–Japan Inter-Parliamentary Forum are held, mutual visits take place, and online consultations and negotiations are conducted.

Cooperation between the foreign ministries is likewise intensive. Since 2002, 19 rounds of political consultations have been held between the foreign ministries of the two countries.

A significant milestone in this regard was the first Strategic Dialogue between the Foreign Ministers of Uzbekistan and Japan, held on 25 August 2025 in Tashkent. This new format underscored the long-term nature of bilateral engagement and the readiness of both sides to expand mutually beneficial cooperation across all areas.

Regular contacts, telephone conversations, meetings on international platforms, and reciprocal visits by foreign ministers help coordinate positions on bilateral and multilateral issues and further intensify cooperation in other areas.

Honorary consuls of Uzbekistan in Japan also play an important role in promoting interstate cooperation, actively contributing to the advancement of economic and cultural initiatives.

Economic cooperation between Uzbekistan and Japan is developing dynamically and encompasses industry, energy, communications, infrastructure, innovation, transport, and the “green economy.” Trade between the two countries is conducted under the most-favored-nation regime, which has contributed to steady growth in bilateral trade turnover.

In 2024, the Uzbek–Japanese Trade House opened in Nagoya, demonstrating Japan’s growing interest in expanding trade ties with Uzbekistan.

Joint meetings of the Uzbekistan–Japan and Japan–Uzbekistan Committees on Economic Cooperation serve as the key coordination mechanism for bilateral economic projects.

Today, 84 joint ventures with Japanese capital operate in Uzbekistan, and 13 major Japanese companies have representative offices in the country, working in the oil and gas, chemical, engineering, logistics, education, and tourism sectors.

Japanese financial institutions play a strategic role in modernizing Uzbekistan’s economy. In January 2025, a loan agreement worth USD 150 million was signed in Tashkent with the Japan International Cooperation Agency (JICA) for the construction and equipping of the Republican Center for Neurology and Stroke — a modern project that will represent an important step in advancing national healthcare.

The cultural and humanitarian dimension of Uzbek–Japanese relations is distinguished by depth and emotional resonance. For more than two decades, the Uzbekistan–Japan Friendship Society, as well as the Fukushima–Uzbekistan Association and the Japan–Uzbekistan Association, have been actively operating. The Hiroshima Peace Stone installed in Tashkent and the Japanese Garden in the heart of the capital have become symbols of strong friendship between the peoples of Uzbekistan and Japan.

Uzbekistan regularly hosts Japanese cultural festivals, film screenings, performances, and exhibitions. In turn, Uzbekistan widely showcases its cultural traditions in Japan — from national cuisine and traditional garments to music and dance. Such exchanges form a unique basis for friendship between the two nations, fostering mutual respect and strengthening long-term cooperation.

Modern cultural projects have become the hallmark of humanitarian dialogue. In April 2022, Tokyo hosted the vibrant event “Spirit of the Silk Road — Bridge of Friendship,” and in 2024, the Japanese ensemble “Japanese Pearl” won third place at the traditional Boysun Bahori festival.

Education is one of the most rapidly developing areas of humanitarian cooperation. More than 2,500 students study Japanese language across seven universities in Uzbekistan. The Uzbek–Japanese Center for Human Resource Development operates in the country, the Japan Development Scholarship (JDS) program is being implemented, and joint projects are carried out with the universities of Tokyo, Nagoya, Tsukuba, Keio, and Toyohashi. Over 400 Uzbek students have received JDS scholarships, and about 2,500 specialists have undertaken internships in Japan. Exchange programs and faculty visits are active, and university rector forums are held.

Joint scientific research is being conducted in ancient history, archaeology, oriental studies, agriculture, and climate processes.

Japan provides financial and technical support to the development of healthcare in Uzbekistan. More than USD 60 million has been allocated for equipping medical facilities, training specialists, and supplying vaccines. Over 100 Japanese volunteers have worked in Uzbekistan, and more than 200 Uzbek medical professionals have completed internships in Japan.

Interregional diplomacy occupies an increasingly important place in bilateral relations. Sister-city partnerships have been established between Rishtan and Maizuru, Tashkent and Nagoya, and Samarkand Region and Nara Prefecture. Within this framework, Samarkand Days are regularly held in Japan, alongside cultural events in Nagoya.

Growing interest among Japanese visitors in Uzbekistan’s culture and history is stimulating cooperation in the tourism sector. The number of Japanese visitors to Uzbekistan continues to rise, facilitated by expanded air connectivity, active promotion of cultural tourism, and improved infrastructure.

Particular interest is drawn to Uzbekistan’s Buddhist heritage sites — Kara-Tepe, Fayaz-Tepe, Dalverzin-Tepe, and the temple complexes of Termez and its surroundings. Thanks to the research of Japanese scholars, these monuments have gained international recognition and attract visitors and experts from around the world.

Another vivid example of Japanese public interest in Uzbekistan was the success of the Uzbek pavilion, “Garden of Knowledge: Laboratory of the Future Society,” at EXPO 2025 in Osaka. Uzbekistan’s national pavilion was recognized as one of the most remarkable exhibits and was awarded a Gold Medal. The world premiere of the National Symphony Orchestra of Uzbekistan’s performance “Celestial Dance,” dedicated to bilateral friendship, captivated Japanese audiences.

The Central Asia–Japan Dialogue, whose first leaders’ summit President Mirziyoyev will attend during his visit, is a format that fully aligns with Uzbekistan’s regional priorities and reflects the growing political consolidation of Central Asian states.

The initiative to establish the Dialogue was first proposed by Japan’s Foreign Minister Yoriko Kawaguchi during her visit to Tashkent on 24 August 2004. The priority goals identified at the time included ensuring peace and stability in the region, supporting reforms and social development, strengthening intra-regional ties, enhancing Central Asia’s partnership with neighboring regions and the international community, and cooperating on pressing regional and global issues.

Today, the Dialogue has evolved into a stable platform for trusted interaction and discussions on sustainable development.

To provide the format with practical substance, regular working meetings of senior officials, sectoral expert consultations, and Tokyo Intellectual Dialogues are held. In recent years, the Economic and Energy Dialogues at the ministerial level, conducted in Tokyo in 2023–2025, have become particularly significant.

Infrastructure assistance has always been one of Japan’s priorities within the Dialogue. Japanese organizations such as JICA and Japan Bank for International Cooperation (JBIC) systematically participate in modernizing transport corridors, logistics hubs, roads, engineering facilities, airports, and rail infrastructure. These projects significantly increase regional connectivity and strengthen Central Asia’s role as a key bridge between East Asia, the Middle East, and Europe.

Japan, a global leader in digitalization and automation, actively shares its expertise with the countries of the region. For Uzbekistan, this cooperation is especially important: the country is rapidly developing its IT sector, creating IT parks and technology parks, launching digital economy programs, and attracting Japanese experts for training national specialists.

Given Japan’s long-standing leadership in environmentally sustainable development and energy-efficient technologies, environmental cooperation is also a central element of the partnership.

As the most populous country in the region and a major transport and logistics hub, Uzbekistan plays a central role in shaping the agenda of the Dialogue. In recent years, Uzbekistan has contributed significantly to strengthening the practical content of cooperation by initiating new projects across various fields.

Over the past two decades, the Dialogue has proven itself as a stable and in-demand mechanism of partnership that allows the countries of the region and Japan to build systematic cooperation across a wide range of areas.

Thus, the upcoming visit of President Shavkat Mirziyoyev to Japan and his participation in the Central Asia + Japan Summit will deepen both bilateral and multilateral political dialogue, expand economic and investment cooperation, and strengthen educational and scientific ties. Undoubtedly, the active efforts of the President to expand mutually beneficial partnerships will once again confirm Uzbekistan’s commitment to regional integration and open, constructive international dialogue.

Tashkent as Central Asia’s Investment Capital: What to Expect from the Fifth International Investment Forum
Tashkent as Central Asia’s Investment Capital: What to Expect from the Fifth International Investment Forum

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

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

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

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

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

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

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

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

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

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

Uzbekistan recognized as the safest of 121 countries worldwide
Uzbekistan recognized as the safest of 121 countries worldwide

TASHKENT, July 28. /Dunyo IA/. Uzbekistan took 1st place in the ranking of the safest countries in the world "Safety Perception Index 2023", which includes 121 countries, reports Dunyo IA correspondent.

According to Uzbektourism, the rating indicates that the level of danger to the life and movement of citizens in Uzbekistan is minimal.

The five safest countries also included the United Arab Emirates, Saudi Arabia, Norway and Estonia.

Of the Central Asian countries, Kazakhstan took 14th place, Tajikistan – 17th, Kyrgyzstan – 26th.

Guinea, Sierra Leone and Mali took the lowest place in the rating.

The "Safety Perception Index" focuses on five factors: food and water, violent crime, adverse weather conditions, mental health and safety in work settings. These factors serve as an important basis for the formation of an image that will become the basis for the security rating of countries.

The fact that Uzbekistan is in first place in this ranking creates the basis for the unhindered arrival and departure of foreign tourists to our country.

The Termez Dialogue: From Connectivity to Shared Climate Resilience  Dinara Ravilevna Ziganshina, SIC ICWC
The Termez Dialogue: From Connectivity to Shared Climate Resilience Dinara Ravilevna Ziganshina, SIC ICWC

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

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

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

Climate as a New Test of Connectivity

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

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

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

Uzbekistan: The Data Confirm the Urgency of Action

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

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

Cities as a New Frontline of Climate Adaptation

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

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

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

A New Emphasis: Adaptation as a Practical Development Agenda

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

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

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

Why Central and South Asia Must Adapt Together

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

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

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

Termez as a Place for Climate Partnership

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

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

What the Termez Dialogue Can Deliver

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

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

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

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

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

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

From a Common Challenge to Shared Resilience

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

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

 

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

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.

TIIF-2026: Shaping a New Investment Architecture for Central Asia
TIIF-2026: Shaping a New Investment Architecture for Central Asia

From June 16th to 19th, the capital will host the 5th Tashkent International Investment Forum, the country's primary investment platform and one of the region's largest business forums.

 

Tashkent International Investment Forum (TIIF-2026) has solidified its position as a key investment platform in Central Asia, bringing together states, international investors, and representatives of global business. The forum serves not merely as a platform for dialogue, but as a space where the region's practical investment agenda is actively shaped.

The core idea of the forum lies in the fact that Uzbekistan is consistently cementing its status as a regional investment hub, capable not only of attracting capital but also of defining long-term rules and directions for the economic development of Central Asia.

The scale of TIIF-2025 clearly demonstrated that the forum has transitioned to a new stage of its development. The event brought together more than 8,000 delegates from 97 countries, with the total volume of signed investment agreements reaching 30.5 billion US dollars. These indicators stand as some of the most significant results among regional investment platforms.

The growing number of participants, the broadening geography, and the increased volume of concluded deals bear witness to a notable strengthening of international business confidence in Uzbekistan's investment climate. The forum is increasingly perceived not as a one-off discussion platform, but as a sustainable mechanism for generating real investment solutions.

The significance of the Tashkent International Investment Forum is determined not only by its scale, but also by its practical value for participants. TIIF provides a unique opportunity for direct access to key economic and political decision-makers - ranging from heads of state and governments to representatives of international financial institutions, sovereign wealth funds and major corporations.

The forum cultivates a rare environment where the state, investors, and business are concentrated within a single space, allowing for a seamless transition from general discussions to concrete formats of cooperation. Within the framework of TIIF, B2B and B2G meetings are actively advanced, serving as the cornerstone for concluding investment agreements and launching new projects.

TIIF-2026, scheduled to take place from June 16 to 19 in Tashkent, will maintain and expand upon the framework of previous years, combining elements of high-level political dialogue, business negotiations, and sectoral discussions. The forum's program features a plenary session with the participation of heads of state, panel sessions, thematic pitch presentations, and an expanded exhibition showcasing the country's industrial and investment potential.

One of the defining features of TIIF-2026 is its exceptionally high level of representation, which brings together a unique concentration of political, financial, and corporate capital within a single venue. The forum features heads of state and government, including leaders from Central Asian and European nations, alongside executives from international organizations and multilateral development banks.

Among the participants are representatives from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank (ADB), and the International Finance Corporation (IFC), alongside sovereign wealth funds and export credit agencies. Such a composition ensures a direct link between state reforms, global financial institutions, and private capital.

The outcomes of the 4th Tashkent International Investment Forum (TIIF-2025) received widespread international acclaim from representatives of government structures, financial institutions, and global business, who noted Uzbekistan's growing role as the region's premier investment hub.

The Director of the Center for Global and Regional Studies (CEGREG), Professor Ikboljon Qoraboev (Kazakhstan), emphasized the scale and significance of the forum:

  • Central Asia has once again taken center stage in the international business community. From June 9th to 12th, Tashkent hosted the 4th Tashkent International Investment Forum - the largest regional investment platform, which is consistently gaining momentum and international resonance with each passing year. The scale of this year's forum is truly unprecedented, bringing together around 3,000 foreign delegates from nearly 100 countries.

TIIF is emerging as the premier platform for showcasing the industrial and economic potential of Central Asia, while the participation of state leaders, major investors, and international banks highlights the strategic significance of the forum as a window of opportunity for the region.

Associate Professor at the Azerbaijan State University of Economics, political scientist Emin Garibli (Azerbaijan), accentuated the integration significance of the forum:

  • Tashkent International Investment Forum is emerging not only as a key economic platform for Central Asia, but also as a vital instrument for deepening integration processes between Europe and Asia. The forum strengthens Tashkent's status as a regional center of gravity for investment and demonstrates the country's resolve in advancing reforms within the framework of the New Uzbekistan strategy.

Executive Producer of CGTN, Zhang He (China), highlighted the investment impact of the reforms:

  • The economic reforms implemented in Uzbekistan have created a more favorable environment for investors. Uzbekistan possesses immense potential in sectors such as industry, 'green' energy, agriculture, information technology, and tourism. This will serve to diversify investments and expand the manufacturing of high-value-added products.

Governor of the Japan Bank for International Cooperation (JBIC), Nobumitsu Hayashi (Japan), noted the transformation of the forum's role:

  • The forum has transformed into a fully-fledged regional platform, uniting business leaders and financiers from across Central Asia and Eastern Europe. The reforms in Uzbekistan are creating a predictable and attractive environment for long-term investments.

Chairman of the Chinese company CAMCE, Wang Bo (China), noted the practical value of the forum:

  • This prestigious event opens up excellent opportunities not only for our company, but also for foreign investors seeking prospects in the dynamically developing economy of Uzbekistan. For foreign investors, Uzbekistan represents a unique opportunity, particularly in light of the WTO accession process. As the President noted, this will open up even greater prospects for sustainable development, making Uzbekistan an attractive destination for global investment.

Tashkent International Investment Forum (TIIF-2026) is cementing its role as one of the key platforms for investment dialogue in Central Asia, where not only the directions of economic policy are shaped, but also real mechanisms for interaction between the state and global capital are forged.

On the whole, the experience of previous years demonstrates that TIIF has already transitioned from a traditional conference format into a practical investment ecosystem that influences the structure of regional economic development. In this context, TIIF-2026 is viewed as the next phase in strengthening Uzbekistan's role within the global investment architecture and further expanding its integration into international capital markets.

 

Dunyo IA

 

Uzbekistan offers a deeply thought-out philosophy of integration to the international community
Uzbekistan offers a deeply thought-out philosophy of integration to the international community

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

— But why does this heritage seem forgotten today?

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

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

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

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

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

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

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

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

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

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

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

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

 

Dunyo IA