situation report

Oct 24, 2018 | 14:36 GMT

1 min read

Uzbekistan: U.S. Trade Officials Visit, Sign Economic Deals

What Happened: Officials meeting in Tashkent on Oct. 23 signed $2.5 billion in cooperation agreements at the American-Uzbekistan Chamber of Commerce (AUCC) Business Forum, which also featured U.S. Commerce Secretary Wilbur Ross, Trend News Agency reported.

Why It Matters: The forum demonstrates Uzbekistan's continued movement toward foreign cooperation under President Shavkat Mirziyoyev, who has worked to bring his country out of isolation since taking his current office in 2016. In addition, the U.S. chairperson of the AUCC, Carolyn Lamm, directly referenced Russia's growing economic ties with Uzbekistan and explicitly stated Washington's desire to compete with Moscow in that arena.

Background: Russian President Vladimir Putin met with Mirziyoyev in Tashkent on Oct. 19 to sign a series of economic deals, including $27 billion in trade and investment agreements.

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