Presentation of investment opportunities of Uzbekistan takes place in the USA

Tashkent, Uzbekistan (UzDaily.com) -- The Uzbek Embassy in the United States, together with the Washington Intergovernmental Professional Group, held a briefing at the Ronald Reagan World Trade Center.

It was attended by representatives of leading business, social, political and cultural-humanitarian circles of the United States, including employees of the Ministry of Commerce, the Chamber of Commerce, which unites more than 300 thousand companies, the leadership of the universities of Ogay and Georgetown, experts from PricewaterhouseCoopers and others.

The Ambassador of Uzbekistan to the United States, Javlon Vakhabov, made a detailed presentation about Uzbekistan, revealed investment opportunities, and particularly emphasized the work being done in the republic to increase the investment attractiveness and strengthen Uzbek-American relations in all areas.

Special attention of experts was paid to the transition of the country’s economic model to market mechanisms. It was noted that the country has a free conversion of the national currency. Uzbekistan has the largest market in Central Asia at 33 million people with a level of education of 97%, which is comparable to such economies as Singapore and Spain. The country is actively adapting the advanced experience of developed countries, thereby allowing it to maintain the pace of a rapidly growing national economy.

Uzbekistan is the 9th largest gold producer in the world and ranks 10th in the world in terms of its reserves. We also have significant reserves of natural gas, copper, uranium, coal and other minerals.

The successful issuance of the first ever Eurobonds in London is proof that international investors believe in Uzbekistan and its development. The World Bank raised the country’s “Doing Business” rating from 166th place in 2012 to 76th - in 2019. For the first time, international rating agencies Moody’s, Fitch and Standard & Poor’s assigned Uzbekistan long-term sovereign ratings.

According to the US Department of State, Uzbekistan is a safe country for tourism, which does not require special precautions. The Global Rule of Law Index, the Global World Index recognize that Uzbekistan is among the five safest countries in the world. The New York Times Journeys has chosen Uzbekistan as one of 52 places for its annual visits.

Following the briefing, an interested question and answer session was held.