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Economy

Uzbekistan, US discuss trade and investment expansion

Uzbekistan, US discuss trade and investment expansion
Uzbekistan, US discuss trade and investment expansion / Photo: Ministry of Investment, Industry and Trade of the Republic of Uzbekistan..

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan and the United States discussed expanding trade and investment cooperation during talks in Washington on 10–11 November, led by Uzbekistan's Minister of Investment, Industry and Trade Laziz Kudratov, the ministry said.

Kudratov held meetings with US Commerce Secretary Howard Lutnick, Special Assistant to the US President Michael Jeremiah, and Michael DiMino, the Pentagon's policy adviser for the Middle East and Central Asia. He also attended the Business 20 (B20) summit.

The discussions covered the current state of trade and economic ties and prospects for expanding investment cooperation. Both sides noted positive growth in bilateral trade.

According to the ministry, trade turnover between Uzbekistan and the United States exceeded US$1 billion for the first time in 2025.

In January–September 2026, bilateral trade reached US$905 million, up 20% compared with the same period a year earlier.

Under the Cooperation Programme, the two sides are implementing 78 joint projects with a combined value of US$35 billion.

In Washington, Kudratov also met executives from US companies KBR and Plug Power, as well as representatives of the US International Development Finance Corporation (DFC) and other organisations.

The meetings covered the implementation of ongoing projects and the promotion of new joint initiatives.

Akbarjon Abrorjonov
Akbarjon Abrorjonov

Akbarjon Abrorjonov is a young journalist who joined UzDaily as a freelance contributor in May 2026. He writes articles in both Russian and English, covering news and developments for the publication.