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!

On 17–19 February, the President of Uzbekistan, Shavkat Mirziyoyev, will pay a visit to the United States and take part in the inaugural meeting of the Peace Council, a new international body established as a multilateral platform to promote dialogue and the peaceful resolution of pressing global and regional conflicts.

The Peace Council was founded in January 2026 at the World Economic Forum in Davos, where the founding charter was formally signed in a ceremony attended by heads of state and government, as well as representatives of several founding countries.

Launched earlier this year, the initiative has garnered the support of a number of states, including Uzbekistan, which joined as a founding member, thereby reaffirming its commitment to the principles of peaceful diplomacy, multilateral engagement, and shared responsibility for maintaining international stability.

The establishment of the Peace Council represents a logical continuation of the international community’s efforts to develop effective mechanisms for conflict prevention and to seek political and diplomatic solutions to the most acute crises of our time, particularly in the Middle East.

Uzbekistan’s participation in the creation of this structure reflects Tashkent’s consistent foreign policy course aimed at promoting dialogue, respect for international law, and the rejection of force-based scenarios. The country’s position on the Palestinian issue—grounded in support for a just and sustainable peace settlement in accordance with United Nations resolutions—has gained additional international resonance within the framework of this initiative.

The upcoming participation of the Uzbek head of state in the first meeting of the Peace Council also aligns with the recent intensification of Uzbek–American political dialogue. Over the past six months, high-level contacts between Tashkent and Washington have significantly increased, signaling a qualitatively new stage in bilateral relations.

In September of last year, the President of Uzbekistan visited New York to attend a regular session of the United Nations General Assembly, where he held meetings with world leaders and heads of international organizations and discussed key issues on the global and regional agenda.

Further momentum was generated in early November 2025 during the Uzbek President’s working visit to the United States, which included talks with the U.S. President, as well as meetings with representatives of the American establishment, Congress, and business circles. Particular attention during the visit was devoted to strategic partnership, economic cooperation, investment engagement, and regional security, including the “C5+1” format, viewed by both sides as an effective mechanism for coordinating efforts in Central Asia.

Contacts between Tashkent and Washington have been maintained across various channels, including telephone conversations and interagency cooperation. An additional indication of growing mutual trust has been the expansion of economic dialogue and the establishment of new business cooperation platforms, reflecting a shared interest in deepening practical engagement. In the United States, Uzbekistan is increasingly perceived as a reliable, predictable, and responsible partner pursuing a balanced and pragmatic foreign policy.

Uzbekistan’s participation in the Peace Council is thus seen as further evidence of the country’s growing international standing and recognition of its constructive role in global affairs. For Washington, it also confirms that Tashkent is an important partner in advancing initiatives aimed at strengthening peace, security, and sustainable development across Eurasia and beyond.

Amid the intensification of political dialogue, Uzbek–American cooperation continues to expand across key areas. These include collaboration in regional security, support for economic reforms in Uzbekistan, the development of trade and investment, and the deepening of humanitarian and educational ties. Joint projects in energy, digitalization, infrastructure, and human capital development are laying a solid foundation for a long-term partnership.

In sum, the forthcoming participation of the President of Uzbekistan in the inaugural meeting of the Peace Council not only underscores the country’s active role in shaping a new architecture of international dialogue, but also complements the positive trajectory of Uzbek–American relations. The visit to the United States will undoubtedly contribute to elevating interaction between Tashkent and Washington to a stable strategic level, serving the interests of both sides and the broader goal of strengthening peace and stability in the region and worldwide.

«Dunyo» IA

The text of the article is in Uzbek language!

A study conducted by the Center for Economic Research and Reforms has revealed a large-scale transition of Uzbekistani households to energy-saving technologies. The widespread adoption of energy-efficient solutions has enabled nearly 90% of households to implement at least one measure to reduce energy costs.

One of the key changes has been the widespread adoption of energy-efficient solutions at the household level.

The most common practice has been the installation of LED lighting. Overall, 87% of households have switched to LED lighting. In some regions, such as the Republic of Karakalpakstan and Khorezm, Navoi, and Tashkent regions, this figure exceeded 90%.

A total of 44% of households improved the thermal insulation of windows and doors through the installation of plastic structures, with particularly high activity in Kashkadarya (84%), Bukhara (69%), and Khorezm (54%) regions.

Additionally, 31% of households purchased energy-efficient household appliances, with the highest shares observed in Jizzakh (60%), Navoi (59%), and the Republic of Karakalpakstan (54%).

There is also growing interest in the use of renewable energy sources. More than half of owner households expressed satisfaction with the results and interest in expanding generation capacity.

The analysis indicates that potential demand for solar panels among the population amounts to approximately 1.9 million households, opening prospects for the formation of a domestic market valued at over $2.3 bn.

At the same time, a share of consumption through less efficient heating sources remains, including outdated gas boilers and solid-fuel stoves.

Potential for Improving Building Energy Efficiency

According to estimates, insulating the exterior walls of apartment buildings, modernizing heating systems, and replacing doors and windows could yield savings of more than $60 mln per year.

According to the World Bank, similar potential exists in social facilities, healthcare institutions, preschools, and public schools. Targeted investments to improve the energy efficiency of these facilities could reduce energy consumption by 20–50%, equivalent to a reduction of up to 7.1 bn kWh per year.

Thus, the measures being implemented in Uzbekistan to enhance energy efficiency serve as an important driver of economic growth.

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

There are about a thousand manufacturing enterprises operating in the electrical engineering sector of Uzbekistan, most of them small, producing over two thousand types of products. Almost all enterprises in the industry are privately owned. The total number of people employed in the industry exceeds 35,000.

The 76 largest enterprises in the industry, which produce over 90% of all electrical engineering products, are members of the Association of Electrical Engineering Manufacturers (UzEltechSanoat). Of these, 18 enterprises manufacture electrical wires and cables, 27 enterprises manufacture household appliances, and 32 enterprises manufacture power transformers and other electrical products.

The Development Strategy of New Uzbekistan for 2022-2026 aimed to increase industrial production by 1.4 times by 2026, including doubling the production of high value-added products in the electrical engineering industry and tripling exports.

The Uzbekistan-2030 Strategy, adopted in September 2023, will ensure the achievement of all the goals outlined in the Development Strategy of New Uzbekistan. It also sets the task of increasing copper processing in the electrical engineering industry to 300,000 tons per year and raising the localization level of manufactured products to an average of 65%.

Therefore, Uzbekistan pays special attention to the development of technologically advanced industries, including electrical engineering, and provides state support.

Over the past seven years, the President of Uzbekistan has adopted several legislative acts providing customs and tax benefits to enterprises in the electrical engineering industry, as well as subsidies to cover transportation and other expenses.

Specifically, until January 1, 2027, enterprises in the electrical engineering industry have received a 50% reduction in profit and property taxes. Additionally, benefits for exemption from customs duties on imported raw materials, components, and equipment for their own production needs have been extended.

Furthermore, several programs have been approved for the implementation of investment projects in the electrical engineering industry, focusing on technical and technological upgrades of existing facilities and the creation of new production lines.

Due to these measures, over the past 7 years, the volume of attracted investments in the industry has amounted to $935 million, of which about $400 million are foreign direct investments.

Additionally, more than 260 new investment projects worth over $800 million have been launched, including 50 cable production projects worth $120 million, 115 household appliance projects worth $380 million, 40 power equipment projects worth $60 million, and 58 other electrical engineering projects worth $250 million.

As a result, over 13,000 new jobs have been created, bringing the total number of jobs in the industry to 35,000.

As a result of implementing investment projects for modernizing and creating new production facilities, the production of new types of electrical engineering products has been mastered, particularly household appliances (washing machines, electric stoves, vacuum cleaners, hoods, water heaters, new models of refrigerators and washing machines under the Samsung brand, SMART HD TVs, built-in hobs and gas stoves, etc.); industrial air conditioners; new types of electrical cables (high and low voltage, used in solar energy systems, household appliances, as well as self-supporting insulated cables); dry transformers; electronics (monoblocks, SIM cards, electronic boards for household appliances); smart meters for electricity, gas, and water consumption; parts for solar panels and renewable energy stations; elevators and escalators; water pumps, etc.

Overall, from 2017 to 2023, the production volume of the electrical engineering industry increased 7.1 times to $1.98 billion, including a 5.5-fold increase in wires, cables, and copper products to $792 million; an 8.2-fold increase in household appliances to $633 million; and a 9.3-fold increase in power and technical equipment to $567 million.

The contribution of the electrical engineering industry to the development of the economy is also growing, and although the share of the industry's value added in the economy is still less than 1%, it has grown 1.5 times in recent years.

The growth in the production of electrical engineering products has contributed to an increase in export volumes, which have grown 5.5 times to $1047 million over the specified period, including a 4-fold increase in wires, cables, and copper products to $576 million; a more than 10-fold increase in household appliances to $214 million; and a 12-fold increase in power equipment and other products to $257 million.

It should be noted that the significant growth (more than 10 times) in the export of household appliances occurred due to the creation of new production facilities in Uzbekistan by Artel Electronics. In particular, the export volume of refrigerators increased 15 times to $58 million, televisions 6 times to $52 million, electric stoves 4.5 times to $40 million, washing machines 5 times to $20 million, air conditioners 4 times to $15 million, etc.

Moreover, not only the geography of export countries has expanded, but also the range of electrical engineering products supplied to foreign markets. Currently, about 200 types of various electrical engineering products are exported to almost 70 countries. The number of exporting enterprises in the electrical engineering industry has grown to 100.

In January 2024, a Presidential Decree "On Additional Measures for Further Increasing the Production and Export Potential of the Electrical Engineering Industry" was adopted, outlining target indicators for the industry's development in the coming years.

Specifically, in 2024, the plan is to increase the volume of production by almost 30% to $2.6 billion, exports by 43% to $1.5 billion, and the volume of copper processing into finished products to 140,000 tons. In 2025, the goal is to increase production to $3.2 billion, exports to $2.0 billion, and copper processing to 160,000 tons.

To achieve these targets, the Program for Creating New Production Capacities and Diversifying Production in the Electrical Engineering Industry in 2024-2026 and Beyond has been approved. The program aims to implement a total of 294 investment projects worth over $4 billion in the coming years.

In conclusion, it should be noted that the necessary conditions have been created in Uzbekistan for enterprises in the electrical engineering industry to increase production volumes and expand the supply of their products to both domestic and foreign markets.

Therefore, goals have been set to increase exports not only to traditional but also to new markets. In particular, there are plans to increase the export of electrical engineering products to European markets, considering the GSP+ preferential trade regime granted to Uzbekistan, as well as to South Asian and Middle Eastern countries.

Yuri Kutbitdinov,

chief Research Officer of the Center for Economic Research and Reforms under the Administration of the President of the

Republic of Uzbekistan

The Central Election Commission held a meeting and a series of events today, July 26th. The primary agenda item was the preparation and high-level accomplishment of the upcoming elections for the Legislative Chamber of the Oliy Majlis and the Councils of People's Deputies in full compliance with the Constitution and laws.

According to Article 128 of the Constitution of the Republic of Uzbekistan, elections for the Legislative Chamber of the Oliy Majlis and the Councils of People's Deputies are scheduled to take place on the first Sunday of the third ten-day period of October in the year their term expires. Considering that the term of the deputies of the Legislative Chamber of the Oliy Majlis and the Councils of People's Deputies ends in 2024, the elections will be held on October 27th of this year, and the election campaign will begin on July 26th, as decided by the Central Election Commission.

These elections mark a significant departure from the past, taking place in a new socio-political environment as stipulated by our Constitution. The meeting underscored the unique features of these elections, which include:

1. For the first time in Uzbekistan's history, the Legislative Chamber of the Oliy Majlis elections will be conducted using a mixed electoral system, combining majoritarian and proportional systems. This significant change will see seventy-five deputies elected directly through the majoritarian system, where voters vote for specific candidates. The remaining seventy-five deputies will be elected based on votes cast for political parties under the proportional system.
2. One of the most significant advancements is the full digitization of election commissions' activities at all levels and their interactions with participants in the election process. This development significantly reduces bureaucracy, time, and document handling in election procedures, ushering in a new era of efficiency in our electoral system.
3. Our election legislation has been fundamentally improved to align with advanced democratic standards. These improvements include introducing a new system for election bodies led by the Central Election Commission and requiring political parties to ensure that at least 40% of their candidates for deputy positions are women. Additionally, a candidate must receive a relative majority of votes to be elected. If a candidate gets more votes than other candidates in their respective electoral district, they will be elected without needing a repeat vote.

4. The elections are taking place in conditions of significantly strengthened parliamentarianism and the powers of representative bodies at the local level, as established by the Updated Constitution. Specifically, the absolute powers of the Legislative Chamber have increased from 5 to 12, and those of the Senate from 12 to 18. The parliament's oversight functions over the activities of executive, judicial, law enforcement agencies, and special services have been expanded. The institution of hokims leading local Councils of People's Deputies is being abolished. To enhance the role of representative bodies in resolving important state issues, 33 powers previously held by hokims have been transferred to local Councils.

The meeting underscored the significance of these elections as a vivid example of democratic state-building in our country and an essential means for citizens to exercise their constitutional rights to vote and be elected to democratic state bodies. The elections will involve the election of 150 deputies to the Legislative Chamber, 65 members to the Senate, 65 deputies to the Jokargy Kenes of the Republic of Karakalpakstan, deputies to 208 district (city) Councils in the regions and Tashkent city, with around 30,000 candidates and nearly 90,000 trusted representatives actively participating. Over 120,000 election commission members and more than 70,000 citizens and international observers are expected to participate in the election process.

Considering the important role of elections in state life and with the aim of widely engaging citizens in this process, the Central Election Commission announced that the elections will be held on October 27th under the slogan “My Choice—My Prosperous Homeland.”

The 'E-Saylov' information system is a key tool in making the election process more transparent and accessible. It facilitates around 60 interactions between election commissions, political party candidates, observers, and the media entirely electronically. Integrated with other electronic platforms, the system automates many procedures in the election process without human intervention. This system forms an extensive database of nearly 400,000 participants in the election process, including election commission members, candidates, and observers. Around 32,000 participants will professionally use the information system, which includes communication through 40 types of SMS notifications.

For citizens, the "E-Saylov" information system introduces several conveniences in obtaining election-related information. Specifically, it provides statistical data on voters and polling stations, information on candidates for various elections, and interactive maps to learn about candidates and their biographies.

The meeting emphasized that the "E-Saylov" information system represents a new level of technological advancement and transparency in elections.

It was also noted that according to Article 37 of the Election Code, political parties have the right to nominate candidates for deputies to the Legislative Chamber and local Councils.

To participate in the elections, political parties must have been registered by the Ministry of Justice at least four months before the announcement of the election campaign and collect at least 40,000 signatures supporting their participation.

Additionally, the meeting approved a calendar plan to ensure that the activities related to conducting the elections are carried out step-by-step within the timelines specified by election legislation. The Central Election Commission, as an impartial and independent constitutional body, will take all necessary measures to prepare for and conduct the upcoming elections in full compliance with national legislation and international election standards, ensuring the process is open and transparent.

A Press Center has also been established under the Central Election Commission.

Central Election Commission

of the Republic of Uzbekistan

On October 15–16, 2025, the city of Fergana will host the inaugural session of the Fergana Peace Forum under the theme: “The Fergana Valley: Uniting Efforts for Peace and Progress.”

Organized by the Institute for Strategic and Regional Studies (ISRS) under the President of the Republic of Uzbekistan, in partnership with colleagues from Kyrgyzstan and Tajikistan, and supported by national and international organizations, this unique large-scale event will bring together leading experts, researchers, public figures, and representatives of international organizations. Their goal is to discuss the prospects for the development of one of Central Asia’s most densely populated and culturally rich regions — the Fergana Valley.

Experts from prominent think tanks across the CIS, Asia, Europe, and the Americas, alongside academics, business leaders, civil society representatives, and youth leaders from the region, will convene in one place. High-level delegates from international bodies such as the United Nations, the Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), the Conference on Interaction and Confidence-Building Measures in Asia (CICA), the European Union, and the Organization for Security and Co-operation in Europe (OSCE) are also expected to participate. Renowned peacebuilding organizations including the Berghof Foundation (Germany), the Martti Ahtisaari Peace Foundation (Finland), PeaceNexus (Switzerland), and the Stockholm International Peace Research Institute (SIPRI) will be among the invited guests.

More than 300 participants will attend the Forum, including around 150 from Central Asia and over 50 from the CIS, Asia, Europe, and the Americas.

Experts believe the Forum will reinforce the vision expressed by Uzbekistan’s President Shavkat Mirziyoyev at the 80th session of the UN General Assembly — the transformation of Central Asia into a space of peace, good neighborliness, and partnership.

         As President Mirziyoyev has noted, the region is entering the era of New Central Asia. The days of closed borders, unresolved disputes, and conflicts are becoming a thing of the past. Thanks to growing cohesion, stability, and an emerging shared identity, Central Asia is increasingly recognized as an independent and influential actor on the global stage.

         The choice of the Fergana Valley as the Forum’s venue is symbolic. This unique region is where the lifelines of Uzbekistan, Kyrgyzstan, and Tajikistan intersect. The established atmosphere of trust, dialogue, and cooperation between these countries exemplifies the good-neighborly policy championed by President Mirziyoyev.

Historical records mention the ancient Fergana state of Davan, especially the cities of Aksikent and Mingtepa, which were famed for their fertile lands, strong defenses, and prized horses. These are documented in Chinese chronicles from the late 2nd century BCE. By medieval times, the valley was one of the leading regions of Mawarannahr (Transoxiana). Archaeological remains from the Bronze Age, Early Iron Age, and medieval periods testify to the valley’s role as a cradle of multiple civilizations.

The Han dynasty historian Sima Qian wrote: “The people live on the land, tilling fields and growing rice and wheat. They live in houses and fortified cities; there are about seventy or more cities of various sizes in this region.” Medieval Arab geographers described Fergana as a land dotted with many cities and villages, surrounded by steppes and mountains, where both urban life and pastoralism thrived.

Cities such as Kokand, Khujand, Osh, and Margilan were centuries-old centers of craftsmanship, trade, and learning. Caravans of the Great Silk Road passed through here; some of the earliest madrasahs were established in the valley. The region became a crossroads for ideas from Persia, China, India, and the Arab world.

         Situated at the intersection of Hellenistic, Bactrian, Parthian, Chinese, and Islamic civilizations, the Fergana Valley is a unique hub of cultural exchange — a legacy evident today in its languages, traditions, cuisine, and architecture.

Experts agree that the peoples of the Fergana Valley form a unified historical and civilizational community — a reality forged over centuries of political, economic, and humanitarian interaction.

The Fergana Valley is living proof that the coexistence of diverse cultures is not only possible but also fruitful. Here, traditions are preserved while new forms of cooperation continuously emerge, from joint celebrations to cross-border initiatives. The region has effectively become a laboratory for cultural convergence, where the ideals of inter-civilizational dialogue are actively realized.

With its rich heritage, dense population, and vast economic potential, the Fergana Valley requires special attention to sustainable development, environmental security, and cross-border cooperation.

Coordinated action and open dialogue are essential here — to foster peace, mutual trust, and progress. The Forum’s agenda addresses a wide range of issues:

• Strengthening regional dialogue and trust;
• Jointly ensuring stability and sustainable development;
• Unlocking the valley’s economic and investment potential;
• Promoting cultural and humanitarian ties;
• Increasing the involvement of civil society, youth, and the private sector in transformation processes.

Special focus will be placed on turning challenges into opportunities and establishing regional cooperation as a firm foundation for peace and prosperity.

The maturity of the Fergana Valley is reflected in its shared historical and cultural foundation, which allows the countries in the region to build dialogue on existing trust rather than starting from zero.

Today, the Fergana Valley is more than a historical symbol — it is a strategic region for sustainable development and economic cooperation. Joint transport and energy projects, cross-border markets, and digital initiatives are driving dynamic growth.

The Fergana Peace Forum is poised to become not just a discussion platform but an ongoing mechanism for generating ideas, uniting efforts, and advancing projects for the benefit of the entire region.

Organizers highlight that the example of the Fergana Valley could serve as a model for post-conflict regions worldwide, where political stabilization must be accompanied by deep cultural and humanitarian work. Real mechanisms of cooperation are being forged here, grounded in a shared historical and cultural legacy that supports peace and development.

Among the anticipated outcomes of the Forum is the adoption of a Communiqué calling for the establishment of a unified space of friendship, good neighborliness, and sustainable development in the Fergana Valley.

Preparatory discussions have already confirmed that the Fergana Valley is a place where the past inspires, the present unites, and the future is built on values of peace and cooperation.

In a world where conflict has become commonplace and the international community searches for new models of sustainable coexistence, the Fergana Peace Forum offers one clear answer: peace begins with trust, and trust begins with open dialogue.

Fergana is not just a point on the map — it is a space where respect becomes the language of communication, friendship forms the foundation of neighborliness, and cultural diversity is a source of unity.

Dr. Alisher Sabirov, Doctor of Historical Sciences,
Professor, Nizami National Pedagogical University, Uzbekistan;
Adjunct Associate Professor, Shaanxi Normal University, People’s Republic of China

The formula of "comprehensive strategic partnership" in relations between Uzbekistan and Türkiye has in recent years ceased to be merely a diplomatic definition and increasingly reflects the actual substance of bilateral cooperation. Political dialogue, economic collaboration, humanitarian contacts, and transport connectivity form the stable pillars of systemic Uzbek-Turkish relations.

Analysis of the current state of partnership between the two countries confirms that Tashkent and Ankara have successfully established an institutional architecture for comprehensive strategic partnership. The key mechanism of bilateral interaction is the High-Level Strategic Cooperation Council co-chaired by the presidents of both states, with its fourth meeting scheduled for 2026. This format ensures systematic political dialogue and coordination of joint efforts across a broad spectrum of areas.

An important factor in the effective functioning of this institutional system is the active and trusting dialogue between Presidents Shavkat Mirziyoyev and Recep Tayyip Erdoğan, maintained through regular telephone conversations and meetings on the sidelines of international events. Such dynamics impart a personal dimension to strategic interaction and create a favorable environment for deepening practical cooperation at the levels of governments, businesses, and expert communities of both countries.

Uzbek-Turkish relations gain an additional dimension through cooperation within the Organization of Turkic States (OTS). The participation of Tashkent and Ankara in this organization's activities allows bilateral initiatives to be elevated to a broader regional level and to find synergy with other countries of the Turkic world. OTS summits, including those held in 2025, have demonstrated participants' commitment to giving practical substance to cooperation from economy and transport to culture and digital development.

For Uzbekistan and Türkiye, this creates opportunities for advancing joint projects, harmonizing approaches to the regional agenda, and strengthening their positions in a broader geopolitical space.

Uzbek-Turkish cooperation carries significant regional and international dimensions. During a meeting in the "4+4" format in January 2026, the parties discussed regional and international issues, including the situations in Afghanistan, Gaza, Ukraine, and Syria. This demonstrates the two states' intention to coordinate their positions on key items of the international agenda.

Against the backdrop of strengthening political understanding and institutional consolidation of Uzbek-Turkish partnership, the economic component of bilateral relations acquires particular importance, becoming a key driver for their further development.

Trade and economic cooperation between Uzbekistan and Türkiye has demonstrated consistent progress in recent years. The target of raising bilateral trade turnover to USD 5 billion in the medium term and to USD 10 billion in the longer term remains relevant and reflects the potential of bilateral ties. Trade volume in 2025 exceeded USD 3 billion, indicating significant progress compared to figures from eight years prior.

Particularly noteworthy is the structure of economic interaction. The relationship involves not only trade but also the formation of a stable investment presence. By the end of 2025, more than 2,100 enterprises with Turkish capital participation were operating in the country a testament to the establishment of a sustainable Turkish business ecosystem in Uzbekistan and one of the highest figures among Uzbekistan's foreign partners. The dynamics of direct investment from Türkiye clearly confirm the progressive strengthening of this area of cooperation: USD 2.2 billion was invested in Uzbekistan in 2024, and USD 2.9 billion during January–October 2025.

The parties are conducting systematic work to expand economic cooperation. In particular, during the 4th meeting of the Joint Strategic Planning Group held on January 21, 2026, progress was noted in implementing the Action Plan of the 8th meeting of the Joint Economic Commission (JEC). The key role of the JEC as an effective mechanism for developing practical trade and economic cooperation between Uzbekistan and Türkiye was emphasized.

For Uzbekistan, cooperation with Türkiye is valuable in that Turkish businesses bring not only capital but also managerial expertise, technologies, and production culture. For Türkiye, the Uzbek market is attractive as a dynamically developing economy with a population exceeding 38 million and growing domestic demand. In this sense, interaction increasingly takes on the character of mutual complementarity.

One of the notable trends of 2025 was the development of transport connectivity between the two countries, primarily in the aviation sector. The number of weekly flights reached 97, with routes expanding to 8 destinations. The broadening of geography and frequency of direct flights between Tashkent, Samarkand, Namangan, Andijan, Ankara, Istanbul, and Izmir promotes growth in business mobility, tourist flows, and humanitarian contacts. The launch of new routes by both national and private carriers became an important practical step toward further rapprochement.

The increase in flight numbers offers not only passenger convenience but also broader economic effects. It facilitates contacts between entrepreneurs, simplifies participation in exhibitions and negotiations, and makes accompanying joint projects more accessible. Prospectively, this also creates prerequisites for developing air cargo transportation, which could further strengthen trade and economic ties.

Energy cooperation also demonstrates positive dynamics. Turkish companies are actively participating in modernizing Uzbekistan's energy infrastructure, including projects for developing renewable energy sources.

Particular emphasis must be placed on the special role of cultural and humanitarian interaction in developing bilateral relations. Common historical, cultural, and linguistic roots create a favorable foundation for expanding cooperation in education, science, culture, and tourism. Branches of leading Turkish universities operate in Uzbekistan, joint educational programs are implemented, and student and faculty exchanges take place.

Tourist exchange between the two countries shows sustained growth. By the end of 2025, Türkiye entered the top five countries by number of tourists visiting Uzbekistan. In turn, Türkiye remains one of the most popular tourist destinations for Uzbek citizens. Development of tourism ties contributes to strengthening intercultural dialogue and people-to-people diplomacy.

These figures reflect not only the attractiveness of the Turkish tourism market but also the general expansion of population mobility. In the long term, it is precisely cultural and humanitarian ties that form the solid social foundation of bilateral partnership.

Analysis of 2025 dynamics allows identification of several directions that could become key to further deepening Uzbek-Turkish partnership:

First, development of industrial cooperation. The existing network of joint enterprises could become the basis for more complex projects oriented not only toward the domestic market but also toward exports to third countries. Such an approach corresponds to the strategic objectives of both economies.

Second, transport, logistics, and infrastructure. Expansion of air connectivity is an important step, but the potential for cooperation in this sphere is significantly broader and includes development of multimodal transportation, warehousing infrastructure, and digital trade solutions.

Third, services and human capital. Türkiye possesses considerable expertise in tourism, medicine, construction, and education. For Uzbekistan, interaction in these areas opens opportunities not only for adopting experience but also for jointly entering regional markets.

Uzbek-Turkish relations are developing on a positive and constructive basis, confirming the maturity and stability of bilateral interaction. The parties demonstrate readiness for dialogue, pragmatism, and a commitment to considering mutual interests. The growing number of joint enterprises, expanding transport links, increasing tourist flows, and stable political dialogue form a solid foundation for further development of cooperation.

Alisher Kadirov,

Head of Department of the Institute of Strategic and Regional Studies under the President of the Republic of Uzbekistan

The first quarter proved highly favorable for Uzbekistan’s economy. Economic growth reached 8.7%, inflation fell to its lowest level in recent years, investment hit a record high, and exports continued to expand steadily.

Economic Growth Dynamics

The pace of economic growth achieved by Uzbekistan in the first quarter exceeded the expectations of international institutions. The Asian Development Bank had projected 6.7% growth for the first quarter. The World Bank initially forecast 6.0%, but revised it upward to 6.4% in April. The IMF also raised its forecast in April from 6.2% to 6.8%.

In practice, Uzbekistan’s economy grew by 8.7%. GDP in current prices amounted to $36.9 bn. The forecast closest to the actual result came from the Center for Economic Research and Reforms (Uzbekistan), which projected first-quarter growth of up to 7% at the beginning of the year.

The strongest growth was recorded in construction, where gross value added increased by 15.0%. The services sector expanded by 8.8%, retaining its position as the largest segment of the economy. Industry grew by 8.0%, while agriculture increased by 5.1%.

Significant gains were also seen in oil refining, up 29.5%. In light industry, apparel and textile production rose by 15.3%, while knitwear output increased by 26.9%. In automotive manufacturing, production expanded by 12.5%, including buses by 64.7% and trucks by 46.6%. Within services, the highest growth rates were recorded in education, up 22.5%, and financial services, up 22.4%.

An important contribution to overall growth also came from measures aimed at reducing the shadow economy. Its share declined from 24.8% to 22.9%, while legalized business activity supported higher recorded growth figures.

Another major factor behind accelerated growth has been the country’s active market reforms, which were recognized this year in the Index of Economic Freedom, where Uzbekistan rose by 14 positions and entered the category of moderately free economies for the first time.

Overcoming Inflationary Challenges

External pressures continue to affect domestic price formation. Global oil prices have risen by 40% since the beginning of the year. Geopolitical tensions have disrupted logistics corridors, increasing transportation costs for trade flows by 25–30%. As a result of these disruptions, imports of cattle into Uzbekistan fell by half in the first quarter, creating risks for food security.

To stabilize food prices, the government introduced partial reimbursement of air freight costs for imports of breeding livestock and meat products. It also approved the import of 100,000 breeding sheep and goats from Mongolia with compensation of 50% of transport costs.

Since the beginning of the year, Uzbekistan has actively implemented a new system of inflation management and price stability. For all responsible officials and regional governors, the key task for 2026 has been defined as maintaining stable prices for essential food products and keeping annual inflation below 6.5%.

As a result of these measures, despite external pressures, the inflation environment improved significantly in the first quarter. Consumer prices rose by 1.93% in January–March. In March alone, monthly inflation stood at 0.6%, while annual inflation fell to 7.1% for the first time, compared with 10.34% a year earlier.

Budget Policy and Regional Development

Thanks to such dynamic economic growth, Uzbekistan’s State Budget revenues also increased steadily in the first quarter, rising by 35% year-on-year. Tax revenues grew by 24%, while customs revenues increased by 20% compared with the same period last year.

Funds retained by local budgets rose by 21%. In addition, land sales and privatization processes generated an extra $47.1 mn for local budgets. At the same time, $90.6 mn were transferred from the republican budget to local budgets to support the regions. As a result, district-level local budgets retained $115.3 mn, nearly 4.2 times more than the $28.5 mn recorded in the same period last year.

This demonstrates the continued and consistent policy course toward expanding the financial autonomy of the regions, helping unlock local potential and support dynamic regional development.

Investment Outlook

Investment activity in Uzbekistan reached a record level in the first quarter. Capital investment and development projects totaled $12.85 bn, up 41.5%. Foreign direct investment increased by 45.7% to $8.84 bn. During the quarter, 1,508 new projects worth $1.185 bn were launched, creating around 28,000 new jobs.

In the first quarter, investment volumes exceeded $50 mn in 50 cities and districts, while in 21 of them the figure surpassed $100 mn, indicating broader regional investment activity. By source of foreign investment, China ranked first with $6.4 bn, followed by Russia with $1.1 bn, Türkiye with $975 mn, the UAE with $824 mn, and Germany with $342 mn.

Overall, in 2026 Uzbekistan plans to implement 125 projects with the participation of international financial institutions and foreign state financial organizations, attracting $5.1 bn. In the first quarter alone, $947 mn in foreign loans had already been mobilized from these sources, exceeding forecast targets by 120%. These projects have already delivered tangible results in infrastructure development and improved living standards.

The next important step in attracting investment may be the listing of state assets on international markets. Speaking at the meeting, the President announced that 30% of state assets worth $2.4 bn would soon be placed on international stock exchanges for the first time. This is linked to the establishment of the National Investment Fund and the transfer of management of 13 strategic enterprises to Franklin Templeton.

The country’s overall target for this year is to attract $53 bn in foreign investment. Officials were also instructed to introduce an AI-based platform that would provide optimal project recommendations for specific regions. Investors and consulting companies will be granted access to the platform through a one-stop-shop mechanism.

Growing Export Potential

Total exports of goods and services maintained strong growth momentum in the first quarter, reaching $5.8 bn, up 26% year-on-year, or by $1.2 bn. Export growth was recorded in 147 districts and cities across the country. As a result, the total number of exporting enterprises reached 4,000.

In particular, exports of natural uranium amounted to $402.6 mn, up 95%. Exports of non-ferrous metals reached $248.7 mn, doubling year-on-year. Oil and gas exports totaled $160 mn, up 15%.

Positive dynamics were also observed in manufacturing. Textile exports reached $731 mn, up 18%. Exports of construction materials totaled $304 mn, rising by 75%. Jewelry exports reached $214 mn, up 54%.

Agricultural and food exports also posted solid growth. Fruit and vegetable exports reached $320 mn, up 12%. Food exports totaled $282 mn, surging by 120%. Strong momentum was also seen in services, where exports reached $2.2 bn, up 35% year-on-year, or by $573 mn.

The geography of exports continues to expand. In January–March, previously non-exported goods worth $162 mn across more than 140 product categories were supplied for the first time to 86 countries, including the United States, Austria, Belarus, Poland, South Korea, Iran, Kazakhstan, and Afghanistan.

Despite these achievements, external market challenges continue to affect exporters. The President noted that over the past six months, due to changing conditions among foreign partners, 908 entrepreneurs with signed contracts worth $3.6 bn had still been unable to begin exports.

Support for Entrepreneurship

Active support for small and medium-sized businesses continued in the first quarter. This year, $11.5 bn is being allocated through banks for this purpose. In the first quarter, entrepreneurs received $2.9 bn in credit resources, including $659 mn under state support programs. A total of 21,000 microprojects were implemented, helping raise incomes for 52,000 residents.

At the same time, certain shortcomings remain. Not all districts and cities are equally effective in converting loans into permanent jobs, and the differences are considerable. To address this issue, the President emphasized the need to use AI tools in credit allocation and instructed banks to launch an “AI Consultant” platform.

The meeting also discussed optimization of government administrations and the creation of new business spaces. Since many central and busy streets in district centers are occupied by state institutions, 19 districts and cities have already begun relocating government offices into unified administrative centers, with vacated premises transferred to businesses. Scaling up these measures nationwide would free up 5 mn m2 of space for business activity.

Social Policy

A strong social policy and active measures to reduce poverty and promote employment continued in the first quarter.

Permanent jobs were provided to 167,000 people, while 737,000 citizens received assistance in creating additional income sources and improving their living standards. An important contribution came from formalizing 241,000 previously informal workers, giving them access to social protection, financial services, and stable employment.

Special attention in social policy is being given to low-income families. A total of 105,000 support services were delivered to 86,000 vulnerable families, including employment assistance, training, business start-up support, and income generation. Under women’s support programs, 26,000 women were employed, while youth support programs benefited 58,000 young citizens.

To accelerate development in territories facing difficult socio-economic conditions, $297 mn were allocated from the republican budget. Additional support of $329 mn was also directed to areas granted the status of “New Image of Uzbekistan.”

These policies continue to contribute to lower poverty and higher living standards. Poverty fell to 5.0% in the first quarter, while unemployment stood at 4.7%. According to forecasts, both indicators may decline further to 4.3% by mid-year.

Significant attention is also being paid to social infrastructure and improving living conditions with the active participation of international financial institutions. In the first quarter, 89 km of drinking water networks, 8.2 km of sewerage networks, and 40 km of roads were built.

These measures are creating a sustainable foundation for further poverty reduction, stronger employment, higher welfare, and better living conditions across all regions of Uzbekistan.

Perspectives

It is useful to compare Uzbekistan’s first-quarter growth performance with the global economy and other countries.

In its April forecast, the IMF lowered projected global growth from 3.3% in January to 3.1% in April. Growth in advanced economies is expected at 1.5–1.6%, while developing economies are projected at above 4%. US growth is forecast at 2.0–2.1%, while Europe is expected to remain the weakest region, with UK growth revised downward to 0.8%.

The IMF identified India as the fastest-growing major economy, with projected growth of 7.3%. Yet Uzbekistan’s first-quarter growth exceeded even that figure, reaching 8.7%. This reflects the soundness and effectiveness of ongoing reforms, as well as strong and responsive economic management, where emerging challenges are addressed without delay.

Uzbekistan is expected to maintain high growth momentum in 2026. Real GDP growth is projected in the range of 8.3–8.7%, with services rising by 9.1%, industry by 8.7%, and construction by 11.5%.

At the same time, despite these positive results, the President noted that there is no room for complacency. Against the backdrop of intensifying global rivalry, the world economy will no longer be as stable as before. This requires special focus in the current year on sustaining growth, containing inflation, creating jobs, expanding exports, and improving the quality of investment.

Khurshed Asadov, Deputy Director of the Center for Economic Research and Reforms under the Administration of the President of the Republic of Uzbekistan

Хуршед Асадов, ЦЭИР

Samarkand Forum of the Asian Development Bank
In the Context of Contemporary Challenges and Historical Significance

In early May, Samarkand hosted the 59th Annual Meeting of the Board of Governors of the Asian Development Bank under the theme “Crossroads of Progress: Advancing the Region’s Connected Future.” The President of the Republic of Uzbekistan, Shavkat Mirziyoyev, outlined key priorities for further cooperation with the ADB.

The forum brought together more than 4,000 experts from over 100 countries, including representatives of foreign governments, international financial institutions, leading banks, and major corporations. The central topics of discussion included digital and green transformation, climate resilience, supply chain development, and food security.

Uzbekistan and the Asian Development Bank: Effective Partnership

Uzbekistan joined the ADB in 1995. Over the past 30 years, the Bank has become a reliable strategic partner for the country. The current portfolio of joint projects has reached nearly $16 billion. Uzbekistan has become the Bank’s largest partner in the region by operational volume and ranks among the top 10 countries globally in terms of ADB operations.

In August 2024, the ADB launched a new Country Partnership Strategy for Uzbekistan for 2024–2028. This five-year strategy focuses on supporting the transition to a green economy, enhancing private sector development and competitiveness, and stimulating investment in human capital, in line with the national development priorities outlined in the “Uzbekistan–2030” strategy.

ADB financing across sectors is distributed as follows: transport – $3.1 billion; energy – $2.9 billion; water supply, sanitation, and urban services – $1.4 billion; agriculture and water resources – $0.9 billion.

Through effective cooperation with the ADB, more than 1,400 km of railway lines and 1,700 km of roads have been modernized. Over 4,000 km of water supply networks have been completed, and around 750 educational institutions have been upgraded. In 2025, a record annual commitment volume exceeding $1.4 billion was achieved.

New Cooperation Program with Uzbekistan

During the Samarkand forum, a new partnership program between Uzbekistan and the ADB through 2030 was adopted. It envisages the implementation of projects totaling $12.5 billion, including infrastructure development, support for reforms, private sector growth, and public-private partnerships.

Key components include: infrastructure financing – $2.6 billion; results-based lending – $2.2 billion; budget support for reforms – $3.3 billion; multitranche financing facilities – $350 million; partial credit guarantees – $250 million; direct private sector financing – $2 billion; PPP projects – $1.7 billion.

Priority Areas Outlined by the President

In his address, the President of Uzbekistan emphasized the need to introduce new mechanisms and approaches for sustainable development amid global economic challenges and rapid technological change.

First, digital technologies and artificial intelligence are transforming virtually all sectors. By 2040, AI is expected to increase global trade volumes by an additional 40%. The adoption of open AI models is therefore essential in key sectors such as education, healthcare, water management, environmental protection, and food security. Uzbekistan proposed developing a dedicated ADB-led program to scale AI adoption in developing countries and announced its accession to the Bank’s “Digital Highway for Asia” initiative, including the establishment of a regional coordination center in Tashkent.

Second, the expansion of digital technologies and AI is driving a sharp increase in energy demand. By 2030, electricity consumption by data centers is projected to rise by 2–3 times compared to current levels. Only countries capable of providing affordable and reliable green energy will remain competitive globally. Uzbekistan identified green energy development as a strategic priority and acknowledged ADB support for the “Central Asia–Europe” green energy corridor aimed at expanding clean energy exports.

Third, ensuring the connectivity of transport systems and the stability of logistics corridors is becoming increasingly critical. Changes in global logistics routes have already led to transport cost increases of up to 30% for Central Asian countries, with delivery times extended by several weeks. In this context, the China–Kyrgyzstan–Uzbekistan railway project is of particular importance. Uzbekistan proposed establishing a “Digital Customs and Logistics Alliance” within the CAREC framework.

Fourth, according to international experts, demand for critical minerals will increase sixfold by 2040. Uzbekistan possesses significant reserves of copper, tungsten, molybdenum, magnesium, graphite, vanadium, titanium, and other resources. To ensure deep processing and production of high value-added goods, Uzbekistan proposed joining the ADB’s “From Critical Minerals to Production” program.

Fifth, climate change and desertification pose serious challenges to Central Asia. The ADB is implementing its Climate Action Plan through 2030, allocating at least 50% of its annual financing to climate-related projects. Uzbekistan proposed launching a regional “Green Belt of Central Asia” initiative to complement national afforestation efforts in the Aral Sea region.

Sixth, amid global instability, demand for safe travel destinations is growing. Central Asia has strong potential in pilgrimage, cultural, gastronomic, ethnographic, extreme, and medical tourism. Uzbekistan proposed creating a “Central Asia Tourist Ring” to integrate regional tourism offerings.

To advance these initiatives, Uzbekistan aims to fully utilize ADB financial instruments, including mobilizing private capital, and proposed establishing an Innovative Platform for Financing Regional Projects.

Transformation of ADB Operations

The implementation of these initiatives requires a transformation of the ADB’s institutional model. In response to global economic shifts, rapid technological change, and increasing interdependence, the Bank is shifting its focus toward sustainability, regional integration, and future-oriented infrastructure.

A key direction is the expansion of investments in next-generation infrastructure, including cross-border energy networks, electricity trade, and digital infrastructure such as internet connectivity and data transmission networks.

Another major shift is the transition from financing predominantly national projects to prioritizing regional systems. This includes integrating energy systems, developing regional electricity markets, and advancing digital integration across Asia.

These priorities are reflected in two major initiatives announced at the Samarkand forum, totaling $70 billion through 2035, aimed at energy system integration, cross-border electricity trade, digital corridors, data centers, and broadband expansion across Asia and the Pacific.

A significant announcement was also the launch of the “Critical Minerals-to-Manufacturing Financing Partnership Facility,” covering the full value chain from exploration and resource mapping to the production of final goods, including chemicals, batteries, renewable energy components, electronics, as well as recycling and reuse.

For Uzbekistan, this approach is particularly relevant, as the country is already developing value chains based on its mineral resources. The ADB program is expected to accelerate this process significantly.

Overall, the transformation of the ADB reflects a shift toward supporting systemic resilience and regional markets. This includes three key transitions: from individual projects to integrated economic systems; from national to regional focus; and from development support to long-term economic sustainability.

As a result, the ADB is evolving from a project financing institution into a coordinating platform for regional economic connectivity, strengthening its role in Asia’s integration amid the formation of competing global economic blocs.

Conclusion

The 59th Annual Meeting of the ADB Board of Governors in Samarkand was of significant importance not only for Uzbekistan due to its international prestige and the adoption of a new cooperation program, but also for the entire Asia-Pacific region.

The forum marked the launch of two major initiatives and the new “From Critical Minerals to Production” program, reflecting the Bank’s updated strategy aimed at enhancing economic stability and regional consolidation in Asia.

Holding the forum in Samarkand is symbolic. Historically a crossroads of trade and culture between East and West, the city once again serves as a focal point for shaping the region’s future.

It was here that initiatives and decisions were announced that may influence the development trajectory of all Asia, reinforcing Samarkand’s role as a platform for dialogue and strategic vision.

Viktor Abaturov,
Center for Economic Research and Reforms

President Shavkat Mirziyoyev reviewed a presentation on measures for ensuring population’s employment and poverty reduction based on new approaches.

This year it’s planned to ensure employment of 5.2 million citizens and bring out of poverty 1.5 million people. For the first time 60 districts and cities will become territories free of poverty and unemployment. 

Jointly with mahalla bankers it’s planned to ensure constant employment for 1.5 million people and attract more than 2 million citizens to businesses. For this purpose it’s planned to allocate a total of 120 trillion soum of credit resources for small business projects. 

Based on best foreign practices, new approaches to poverty reduction will be introduced in 32 areas. In particular, solar power plants with a total capacity of 107 megawatts will be built in 300 complex mahallas, and members of low-income families will be hired to operate them on a cooperative basis.

In 123 districts, low-income citizens will be offered work on the creation of forest and nursery lands on 20 thousand hectares, as well as the cultivation of medicinal plants. They will be paid a subsidy of 375 thousand soums for every 100 trees planted.

In places with tourism potential it is planned to open guest houses and catering outlets, and at a number of post offices - e-commerce centers, where representatives of low-income families will also get jobs.

A total of 6.472 mahallas in 2025 will implement projects based on new approaches, which will help lift 210 thousand people out of poverty.

Special attention will be paid to remote villages with particularly difficult conditions. In them, the Association of Mahallas of Uzbekistan will take measures to foster a spirit of entrepreneurship, reduce dependency and support labor activity of low-income families.

The Head of State reiterated that 2025 will be decisive in reducing unemployment and poverty, and gave instructions to ensure a systematic and targeted approach to the implementation of the presented measures.

The Ministry of Employment and Poverty Reduction is tasked with strictly monitoring the implementation of these tasks. Each initiative and each activity will be entered into an electronic platform with subsequent verification of the created jobs on the tax base.

The importance of organizing training for the staff of local khokimiyats and “ mahalla seven”, as well as promotion of best practices was also noted.

The Economic Agenda of New Uzbekistan Takes on a Regional Dimension

The strategic significance of the Turkic world is growing amid profound shifts in global logistics. The member states of the Organization of Turkic States (OTS) are forming one of Eurasia’s largest overland economic spaces, linking Central Asia, the Caucasus, Turkiye, and European markets.

The OTS region is home to more than 170 million people and possesses substantial economic potential. In 2025, the combined nominal GDP of OTS member states reached approximately $2.3 trillion, equivalent to around 2% of the global economy. In purchasing power parity terms, GDP exceeded $6.2 trillion, accounting for 3.4% of world GDP. The aggregate foreign trade turnover of OTS countries surpassed $1.2 trillion.

Proven natural gas reserves across OTS member states amount to approximately 19.9 trillion cubic meters, while proven oil reserves total 38.2 billion barrels, making the region one of Eurasia’s prominent energy centers.

The Turkic world is characterized by a high degree of economic complementarity. Turkiye and Hungary possess advanced industrial and engineering capabilities, while Kazakhstan, Azerbaijan, and Turkmenistan hold substantial energy resources. Uzbekistan and Kyrgyzstan are strengthening their positions in manufacturing and agro-industrial production.

Against this backdrop, Uzbekistan is emerging as one of the most dynamic economies in the region. Over the past five years, the country has risen by 28 positions in Harvard Growth Lab’s Atlas of Economic Complexity, reaching 70th place among 145 economies. Average annual export growth stood at 13.4%, while non-energy exports expanded by an average of 17% per year, outpacing both regional and global trends.

In this context, the OTS is acquiring increasing practical economic relevance, with trade, transport, industrial cooperation, investment, and digitalization forming the foundation of a new model of regional connectivity.

Trade and Industrial Cooperation

Today, Uzbekistan’s cooperation within the OTS spans more than 35 areas. At the same time, the economic dimension of this engagement continues to deepen. Over the past nine years, Uzbekistan’s trade turnover with OTS countries increased 2.7-fold, from $4 billion in 2017 to $10.8 billion in 2025. Exports rose from $1.2 billion to $3.8 billion, while imports expanded from $1.8 billion to $7 billion.

Kazakhstan and Turkiye remain Uzbekistan’s largest trading partners within the OTS. Kazakhstan accounts for 46% of total trade, or approximately $5 billion, while Turkiye’s share stands at 28%, or around $3 billion. Trade with Turkmenistan and Kyrgyzstan also reached significant levels, totaling about $1.2 billion with each country.

The structure of trade is evolving. In Uzbekistan’s exports to OTS countries, manufactured goods account for 28.2%, machinery and transport equipment for 19%, food products for 11.1%, chemical products for 10%, and services for 12.7%. This reflects a gradual transition toward a more sophisticated trade model, with growing exports of finished goods, services, and products created through industrial cooperation.

Imports from OTS countries are closely linked to the needs of Uzbekistan’s modernizing economy. Key import categories include food products, mineral fuels, manufactured goods, machinery, and equipment, indicating the expansion of production linkages across the region.

According to estimates by the Center for Economic Research and Reforms (CERR), Uzbekistan has the potential to increase its exports to OTS countries by an additional $2.7 billion. The largest unrealized export opportunity is in Turkiye, where additional export potential is estimated at $1.8 billion.

This export potential is based on Uzbekistan’s competitive advantages across a number of product categories, particularly agricultural products such as dried fruits, vegetables, and nuts. The combined agricultural market of OTS countries is estimated at approximately $72 billion, where Uzbek producers already hold solid positions.

Further export growth could be driven by increased shipments of textiles, electrical equipment, construction materials, food products, fertilizers, copper, ethylene polymers, and other higher value-added goods.

Investment and the Institutional Framework for Cooperation

Trade integration within the OTS is being accompanied by deeper investment and industrial cooperation. Between 2017 and 2025, total investments from OTS countries into Uzbekistan exceeded $11.5 billion, including $3.8 billion attracted in 2025 alone.

These investments have been directed primarily to manufacturing, energy, agriculture, construction, and logistics. As of April 2026, more than 4,500 enterprises with capital from OTS countries were operating in Uzbekistan. These include joint manufacturing ventures, logistics projects, and industrial partnerships serving both regional and external markets.

Turkiye remains the most active investor. In 2025, Turkish investments totaled $2.4 billion, while the number of enterprises with Turkish capital in Uzbekistan reached 2,140. Turkish businesses are playing a major role in industrial production, construction, textiles, and transport and logistics infrastructure.

Kazakhstan, as Uzbekistan’s largest trading partner among OTS countries, is also one of its most important investment partners. More than 1,200 enterprises with Kazakh capital are currently operating in the country.

The signing of the Treaty on Allied Relations between Uzbekistan and Azerbaijan in 2024 has provided a major impetus to bilateral cooperation. As a result, 367 enterprises with Azerbaijani capital are now active in Uzbekistan.

The Comprehensive Strategic Partnership with Kyrgyzstan has contributed to an increase in the number of joint ventures to 346.

Although the number of enterprises with Hungarian capital remains relatively modest, the projects being implemented are notable for their scale and technological sophistication. These include poultry clusters in the Syrdarya Region valued at $165 million and wastewater treatment facilities in New Tashkent worth $59 million.

An additional mechanism supporting joint projects is the Turkic Investment Fund. In 2025, its authorized capital was increased from $500 million to $600 million, with Uzbekistan contributing $100 million. Going forward, the Fund could become an important instrument for financing infrastructure, industrial, logistics, and digital projects across the OTS region.

For Uzbekistan, investment cooperation within the OTS facilitates capital inflows, export-oriented production, technology localization, broader industrial cooperation, and deeper integration into regional value chains.

Transport Integration

For a landlocked country such as Uzbekistan, transport connectivity is a critical prerequisite for expanding foreign trade and integrating into global production networks. Accordingly, transport has become one of the central pillars of economic cooperation within the OTS.

Growing trade among member states has been accompanied by a significant expansion in freight flows. Kazakhstan remains Uzbekistan’s most important transport partner, serving as the main land bridge to Russia, the Caucasus, and Europe. In 2025, freight volumes between the two countries exceeded 22.3 million tons, including 19.6 million tons transported by rail.

The Kyrgyz route is also demonstrating strong momentum. In 2025, cargo volumes between Uzbekistan and Kyrgyzstan increased by 22.4% to nearly 5.4 million tons, while export shipments by all modes of transport more than doubled.

Transport cooperation with Azerbaijan and Turkiye is also expanding steadily. In 2025, freight volumes between Uzbekistan and Azerbaijan increased by 28.3%. Regular air service between Tashkent and Baku currently operates 14 times per week. Air links with Turkiye are similarly intensive, with 97 scheduled flights per week on eight routes, including services to Istanbul and Ankara.

Turkmenistan remains another important element of the regional transport system. A practical step toward facilitating border trade was the launch of the joint trade zone “Shavat–Dashoguz.” In 2025, freight volumes between the two countries rose by 22.5% to approximately 1.8 million tons.

As trade within the OTS expands, the development of resilient multimodal connectivity is becoming increasingly important. This requires an integrated system of corridors linking rail, road, air, and maritime infrastructure.

In this context, the Trans-Caspian International Transport Route, widely known as the Middle Corridor, has gained particular significance. For Uzbekistan, this route is important not only as a transit corridor, but also as a strategic channel for expanding exports to Azerbaijan, Turkiye, Europe, and the Middle East.

The relevance of alternative Eurasian transport routes is increasing amid ongoing changes in global logistics. The restructuring of supply chains due to geopolitical instability has already raised transport costs for Central Asian countries by as much as 30% and extended delivery times by several weeks.

Against this backdrop, the China–Kyrgyzstan–Uzbekistan Railway is becoming strategically important as a new East-West transport link. Once operational, the railway is expected to reduce delivery times to 10 days and enable the transportation of up to 15 million tons of cargo annually.

In the longer term, integration of this route with the Middle Corridor and the Trans-Afghan corridor could reshape the transport geography of Eurasia. In such a system, Uzbekistan would be positioned not only as a transit country, but also as a full participant in regional value chains, supported by its own cargo base, logistics centers, transport companies, and industrial facilities.

At the same time, further progress in transport integration will require coordinated policies within the OTS. Key priorities include tariff harmonization, infrastructure development, capacity expansion, digital customs procedures, and the alignment of technical standards. These areas are gradually shaping the organization’s practical transport agenda.

The Digital Agenda as Trade Infrastructure

The theme of the current OTS Summit in Turkistan, focused on artificial intelligence and digital development, is directly linked to the broader economic agenda. In modern trade, competitiveness depends not only on product quality and proximity to markets, but increasingly on the speed of customs clearance, supply chain transparency, digital interoperability, and access to information.

For OTS member states, digital integration could become one of the most practical and impactful areas of cooperation. Harmonizing e-commerce standards, mutually recognizing digital documents, integrating customs information systems, and creating digital business registries could significantly reduce transaction costs and facilitate market access.

This is particularly important for small and medium-sized enterprises. Many firms face fewer tariff barriers than informational constraints related to partners, certification requirements, logistics, and payment mechanisms. A unified digital platform for businesses across OTS countries could serve as a practical tool for expanding trade, especially within border regions and regional supply chains.

Over recent years, Uzbekistan has accumulated substantial experience in the digitalization of public services and the business environment. This experience could prove highly valuable within the organization, particularly in areas such as e-government services, digital platforms, customs administration, and entrepreneurship support.

Conclusion

The OTS is gradually evolving toward a more practical model of economic cooperation. For Uzbekistan, this process coincides with the current stage of economic reforms aimed at expanding export capacity, developing industry, and strengthening connectivity with external markets.

As economic interaction within the OTS deepens, Uzbekistan’s role in shaping regional trade, transport, and production linkages continues to grow. In recent years, cooperation within the organization has already acquired a stable economic dimension encompassing trade, investment, industrial cooperation, transport infrastructure, and logistics.

In this context, the agenda of the informal OTS Summit in Turkistan places particular emphasis on the development and application of artificial intelligence and digital technologies. This reflects the growing interest among member states in modern forms of economic interaction, especially the digitalization of trade and logistics, the expansion of electronic services, the integration of infrastructure solutions, and the reduction of transaction costs across the region.

Against this backdrop, Uzbekistan’s participation in the informal OTS Summit is increasingly acquiring a practical economic focus. The expansion of trade, development of multimodal transport corridors, deepening industrial cooperation, growth in investment ties, and enhanced digital connectivity are creating a strong foundation for further integration into Eurasia’s regional production and logistics networks.

Ziyoda Rizaeva
Head of Public Relations and Media Sector
Center for Economic Research and Reforms