Sergio Gor and Saida Mirziyoyeva to co-chair the U.S.-Uzbekistan Business and Investment Council

According to the U.S. Embassy in Tashkent, the newly established U.S.-Uzbekistan Business and Investment Council will be co-chaired on the U.S. side by the U.S. Special Envoy to South and Central Asia, Ambassador Sergio Gor.

Earlier, it was announced that Saida Mirziyoyeva, Head of the Presidential Administration of Uzbekistan, would serve as co-chair on the Uzbek side.

The Council will prioritize expanding investment and export opportunities between the United States and Uzbekistan, developing high-growth sectors for the application of U.S. technologies and expertise, particularly in IT and digital innovation, and fostering a fair and competitive environment for U.S. exporters.

According to the decree signed by President Shavkat Mirziyoyev, the following issues submitted for consideration by the Council have been identified as priority areas for further development:

(a) coordinating the development and approval of strategic business initiatives and significant investment and trade projects, as well as ensuring continuous monitoring of their implementation;

(b) establishing a special investment fund to attract additional investments to Uzbekistan, identifying major investors, including the U.S. International Development Finance Corporation (DFC) and designated investors from the Uzbek side, and engaging major financial institutions (EIB, IFC, ADB) to finance key infrastructure and strategic projects and to share associated risks;

(c) continuing negotiations on the mutual reduction of tariff rates;

(d) systematically promoting the products and services of companies that are residents of the IT Park;

(e) submitting proposals for diversifying the country’s investment portfolio, including part of the foreign exchange reserves of the Central Bank of the Republic of Uzbekistan and other assets.

UzA