The Uzbekistan–U.S. Business Forum was held in Tashkent on June 9. The event was organized by the Ministry of Investments, Industry and Trade of Uzbekistan together with the American-Uzbekistan Chamber of Commerce (AUCC).
More than 150 representatives from the business and government sectors of both countries participated in the event, including around 100 leading U.S. companies, such as Boeing, Visa, Coca-Cola, Medtronic, John Deere, CNH, Morgan Stanley, NASDAQ, and Abbott.
In 2024, trade turnover between Uzbekistan and the U.S. increased by 15 percent, reaching $881.7 million. Direct investments from the U.S. amounted to $612.6 million. There are currently 314 enterprises operating in Uzbekistan with American capital, including 167 fully U.S.-owned companies.
Carolyn Lamm, Chair of the American-Uzbekistan Chamber of Commerce (AUCC), delivered a speech in the forum, emphasizing: “In recent years, Uzbekistan has undergone major reforms, transitioning from a centralized economy to a market-based system. New laws were introduced to protect investments, including legal guarantees for foreign investors. The 2017 Action Strategy, the 2022 New Uzbekistan Strategy, and the current Uzbekistan 2030 Strategy are vivid examples of this progress. Today, Uzbekistan offers wide-ranging opportunities for U.S. investors. Many American companies bring advanced technologies, safe products and global brands to Uzbekistan, reinforcing sustainable and mutually beneficial economic ties.”
The forum confirmed the strong interest on both sides in expanding cooperation across several priority sectors: green energy, food industry and agriculture, healthcare and pharmaceuticals, IT and digital infrastructure, financial technologies, industrial production, and mechanical engineering.
