22 March 2022

Uzbekistan and the United States intend to deepen mutually beneficial partnership in the economic sphere

On March 17-18, a government delegation of Uzbekistan headed by Deputy PM – Minister of Investment and Foreign Trade Sardor Umurzakov visited Washington (USA).

During the two-day visit, meetings were held with World Bank President David Malpass and Vice President for Europe and Central Asia Anna Bjerde, MD of the International Finance Corporation (IFC) Makhtar Diop, US Minister of Trade Gina Raimondo, as well as First Deputy Don Graves, US Trade Representative Katherine Tai, US International Development Finance Corporation (DFC) CEO Scott Nathan, and US Agency for International Development (USAID) Administrator Samantha Power.

As part of the negotiations, issues of expanding mutually beneficial partnership with the World Bank and the IFC were raised and comprehensively considered.

Measures were discussed to increase and diversify the Uzbek-American trade turnover, deepen bilateral cooperation in the investment field, introduce advanced American technologies and innovations in various industries and agriculture, joint actions to attract American companies to do business in Uzbekistan, establish direct ties between representatives of business communities of the two countries, including through the organization of mutual visits of business and trade missions, as well as mechanisms for interaction within the process of Uzbekistan’s accession to the World Trade Organization.

Following the visit, a number of agreements were reached on further deepening the Uzbek-American cooperation in trade, economic, investment, innovation-technological and financial-technical areas.