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Home Business & Investment

Major US Companies Explore Uzbek Opportunities as WTO Entry Nears

Victor Gotevbe by Victor Gotevbe
December 22, 2024
Reading Time: 3 mins read
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Major US Companies Explore Uzbek Opportunities as WTO Entry Nears

Uzbekistan's Deputy Prime Minister Jamshid Khodjaev addresses participants during the roundtable in Washington, D.C. Credit: Ambassador Furqat Sidikov on X

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A productive roundtable between Uzbek and American business leaders took place in Washington on December 20, 2024, led by Uzbekistan’s Deputy Prime Minister Jamshid Khodjaev. The meeting brought together executives from over 40 major U.S. corporations, alongside White House officials and Commerce Department representatives.

Leaders from the Uzbekistan-American Chamber of Commerce, Cove Capital LLC, City Bridge Capital Group, Creative Associates, FL Smidth, dōTERRA, and other prominent firms engaged in direct discussions about expanding business ties. Representatives from JP Morgan, Komatsu, and the Minnesota Soybean Growers Association also joined the talks.

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The Uzbek delegation presented recent developments in U.S.-Uzbek strategic partnerships and outlined fresh investment opportunities across multiple sectors. The successful conclusion of Uzbekistan’s World Trade Organization accession negotiations with the United States drew particular attention from participants, who recognized its potential to enhance international trade relationships.

The interactive format allowed for detailed exploration of sector-specific opportunities. American business leaders expressed strong interest in Uzbekistan’s mining sector, particularly rare minerals, as well as information technology, telecommunications, agriculture, and mechanical engineering ventures.

Individual B2B meetings followed the main session, resulting in concrete partnership discussions. Participants from both countries agreed to develop specific action plans and joint initiatives for 2025, demonstrating mutual commitment to strengthening economic bonds between the United States and Uzbekistan.

*All images were supplied by Embassy of the Republic of Uzbekistan in Washington D.C.

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Tags: United StatesUzbekistanWTO
Victor Gotevbe

Victor Gotevbe

Publisher/ Editor-in-Chief
Member, The National Press Club

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