NEWS AND EVENTS
February 22, 2011
Uzbek-American cooperation developing
Advantageous geographical location of Uzbekistan, high intellectual potential, rich natural resources, stable economy, reliable mechanisms for attracting foreign investment facilitate active cooperation of the most developed states with the country, including the USA.
The legal framework of cooperation between Uzbekistan and the USA consists of more than 50 documents, including the Declaration on the bases of strategic partnership and cooperation signed in 2002.
The bilateral relations are developing actively in the framework of this declaration in accordance with the principles of equality, constructive cooperation and mutual respect of interests. The priority in relations is cooperation in political, economic, trade, investment and security areas.
Uzbekistan and the USA take an active part in bringing peace and stability in Afghanistan and socioeconomic development of this country. Non-military and humanitarian supplies are transited through Uzbekistan to Afghanistan.
Trade-economic and investment spheres are considered among the most important areas of strategic partnership between Uzbekistan and the United States. Currently, large-scale investment projects are realized in Uzbekistan by the world’s largest companies like General Motors, Texaco, Chartis and others.
Favorable investment environment created in the country for cooperation with foreign investors, opportunities and benefits guaranteed by law were noted at the Uzbek-American business forum held last week in Tashkent.
Heads of various ministries and departments, leading companies and corporations of the USA took part in the forum to discuss the current state and prospects of relations between the two states.
In particular, the sides discussed attracting US investments in projects in hi-tech industries like oil and chemical sector, automotive, aerospace, energy and energy savings, as well as in education.
“General Electric is one of the largest industrial companies in the USA,” said its managing director Joseph Carelli. “Uzbekistan is rich in oil and gas reserves. THe present event gave us an opportunity to hold talks with Uzbek colleagues. This year, we plan to open a representative office in your country to establish long-term cooperation with Uzbekistan.”
The American businessmen highly evaluated the results of economic reforms conducted in Uzbekistan. The specifically highlighted the macroeconomic stability of Uzbekistan and the high GDP growth rates.
“Uzbekistan has all conditions for successful business,” said general manager of Case New Holland Mario Gasparri. “We would like to use these opportunities and expand our business in Uzbekistan.”
The forum participants agreed that Uzbekistan and the USA would continue developing bilateral cooperation based on principles of mutual interest.