New York : In the framework of the business program of the visit to New York City, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a “roundtable” with the leaders of prominent American companies, investment funds and financial institutions.
The event was attended by the Special Envoy of the U.S. President for South and Central Asian affairs Sergio Gor, Special Envoy of the U.S. President for Global Partnerships Paolo Zampolli, under secretary of commerce William Kimmitt, chairman of the American-Uzbekistan Chamber of Commerce Carolyn Lamm, representatives of the U.S. business elite, including top managers of Franklin Templeton, Citigroup, BNY Mellon, NASDAQ, Boeing, Mastercard, Visa, General Motors, Nvidia, Oppenheimer, Jefferies, Air Products, Traxys, FLSmidth, GoGreen Partners, Cleveland Clinic, Cargill as well as heads of major Uzbek companies.
At the beginning of his speech, the Head of our state especially emphasized that during the recent conversation with the President of the USA Donald Trump, an agreement was reached to expand economic cooperation and form a solid long-term project portfolio. In this regard, the special importance of the present meeting in the context of advancing these tasks was noted.
In the recent years, multifaceted cooperation between Uzbekistan and the United States has reached a high level. Trade turnover has quadrupled over the past 8 years. More than 300 American companies have invested capital in Uzbekistan.
Together with Franklin Templeton, a National Investment Fund has been established.
As priorities of economic and innovation partnership, the promotion of specific projects has been identified in the processing of critical minerals and the formation of sustainable supply chains, in the fields of IT, artificial intelligence, digitalization, development of transport, energy and social infrastructure, smart agriculture, introduction of advanced technologies, and many others.
In turn, the heads of leading American companies and banks, thanking the President of Uzbekistan for creating favorable conditions for their fruitful activities, announced their plans to participate in the implementation of important projects and programs in the mentioned sectors.
As a result of the event, a ceremony on exchanging trade, economic and investment agreements was held.
Following the roundtable with the heads of leading American companies, investment funds and financial institutions, in the presence of President of the Republic of Uzbekistan Shavkat Mirziyoyev and Special Envoy of the U.S. President Sergio Gor, a ceremony of signing bilateral agreements was held.
In particular, the following documents were signed for the implementation of trade, economic and investment cooperation projects:
- Agreement on long-term cooperation in the field of transport between the Ministry of Transport and Boeing company;
- Agreement on the establishment of a joint venture for the production of mining and processing equipment between Technopark LLC and FLSmidth company;
- Agreement on the creation of a multidisciplinary clinic and an educational institution between Akfa Group and Cleveland Clinic.
- Agreement on mutual partnership and cooperation between the Centrum Air airline and the investment company Oppenheimer;
- Agreement on cooperation between the Ministry of economy and finance and Citigroup company;
- Agreement on financial cooperation between Uzbekhydroenergo JSC and Cargill Financial Services International;
- Agreement on cooperation between Uztransgaz JSC and Pangea Filtration Technology.
- Agreement on conducting geological exploration at prospective sites between the Ministry of mining industry and geology and Cove Capital;
- Agreement on cooperation between Yangi Kon LLC and SLB company;
- Agreement on cooperation in establishing funds to finance projects in the fields of artificial intelligence and biotechnology between the Fund for Reconstruction and Development of Uzbekistan and Biologic International company.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
