U.S. and Uzbekistan Strengthen Economic Ties with New Investment Agreement
The United States and Uzbekistan have taken a new step toward expanding economic cooperation after signing a memorandum of understanding aimed at increasing trade, investment and business partnerships between the two countries. The agreement was signed in Tashkent by U.S. Assistant Secretary of Commerce David Fogel and Uzbekistan’s Minister of Investments, Industry and Trade Laziz Kudratov.
The memorandum is designed to support business delegations, promote investment opportunities and strengthen cooperation in key sectors, including energy, mining, agriculture, information technology and artificial intelligence. Officials from both countries described the agreement as a practical mechanism for turning economic ambitions into concrete projects.
The deal comes as Uzbekistan seeks to attract more foreign capital and deepen ties with major international partners. Bilateral trade between the United States and Uzbekistan exceeded $1 bn in 2025, reflecting growing economic engagement between the two nations.
The latest agreement follows a series of initiatives aimed at strengthening U.S.-Uzbek relations, including the launch of the American-Uzbek Business and Investment Council and a strategic partnership on critical minerals signed earlier this year.
Both governments say they intend to expand cooperation in strategic industries and encourage long-term investment projects that support economic growth and innovation.
