Friday, 21, February, 2020

Economy

In January-October, Uzbekistan exported US$ 4.04 billion worth of gold, 2.6 times increase compared to 2018, the State Statistics Committee said. While, the gold’s share in Uzbekistan’s exports was at 27.3%.

Passenger cars production in Uzbekistan reached 218,912 thousand in January-October, an increase by 41.8 % compared to 2018, the State Statistics Committee said.

Uzbekistan is on a roll with its economic reforms. This year alone, the country has issued a wildly successful debut Eurobond, kicked off an ambitious privatisation program, lifted restrictions on repatriation of corporate profits and floated its currency, thus eliminating a troublesome dual exchange rate system. 

Total trade value of Uzbekistan in January-October 2019 topped US$ 34.7 billion, a US$ 8.8 billion increase, or by 34.4 % compared to the last year, the State Statistics Committee said in a report.

The Phase II of the of KamAZ trucks production in Uzbekistan is scheduled to be launched on November 25-26. A delegation from Tatarstan will soon travel to Uzbekistan, Farid Nasriev, Consul General of Uzbekistan in Kazan said.

The Senate Deputy chair Sodiq Safoev hosted the delegations of the US Securities and Exchange Commission and Commodity Futures Trading Commission, the Senate said.

The Director of the for State Assets Management Agency, Sunatilla Bekenov hosted a delegation of Sumitomo Corporation headed by the Deputy Director of the Japan Civil Aviation Bureau.

Ministers from the 11 members of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new long-term strategy to improve energy security, increase investment, and improve the sustainability of energy systems in the region, setting it on a path toward achieving a secure energy future.

O'zlitineftgaz and Schlumberger Oilfield Eastern Limited have signed a Confidentiality Agreement and a Memorandum of Understanding (MoU), Uzbekneftegaz said.

The Office of the United States Trade Representative announced today that USTR is closing the GSP IP eligibility review of Uzbekistan opened in 1999, following Uzbekistan’s accession to the Geneva Phonograms Convention, the World Intellectual Property Organization (WIPO) Copyright Treaty, and the WIPO Performances and Phonograms Treaty.  The GSP worker rights eligibility review of Uzbekistan will remain open.