New U.S.-Uzbek Business Council Launches to Drive Bilateral Investment and Trade
Saida Mirziyoyeva has concluded a series of diplomatic engagements, high-level talks and strategic planning sessions in Washington, D.C. Her visit was primarily focused on expanding bilateral trade and culminated in the official launch of the U.S.-Uzbek Business and Investment Council.
The cornerstone of her itinerary was a meeting with Ambassador Sergio Gor, her co-chair on the newly established Council. Their preliminary discussions on vital bilateral business cooperation paved the way for the Council’s official inauguration in the U.S. capital. This new entity is designed to serve as a robust platform for cementing commercial ties between entrepreneurs from both nations while providing a solid institutional foundation for shared business ambitions.
The successful launch resulted in the signing of a memorandum of understanding. Mirziyoyeva noted that the creation of this Council was made possible by the strong political will and the high level of trust existing between the presidents of the two countries. During the proceedings, Ambassador Gor highlighted that the United States has unequivocally demonstrated its commitment to strengthening its strategic partnership within Central Asia over the past year.
Further meetings
Following the Council’s inauguration, Mirziyoyeva held a business breakfast with U.S. Secretary of State Marco Rubio. Their dialogue focused on the immediate outcomes of the Council session and the rapidly expanding portfolio of joint economic projects. Mirziyoyeva expressed her deep gratitude to the Secretary of State for his instrumental role in advancing the strategic alliance between Uzbekistan and the United States.
To further solidify these economic initiatives, Mirziyoyeva also met with Ben Black, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC). The two leaders reviewed an extensive portfolio of prospective large-scale projects.
Moving forward, the DFC will play a crucial role in attracting American capital to Uzbekistan by helping to mitigate and share investment risks. Furthermore, both parties announced ambitious plans to launch a joint investment platform later this year to facilitate even greater economic integration.
