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Uzbekistan, US Sign Business Cooperation Memorandum Amid Expanding Economic Ties

June 10, 2026

Uzbekistan and the United States are seeking to deepen trade and investment cooperation, with talks focused on converting growing American business interest into concrete projects, jobs and economic opportunities. The discussions took place during a meeting between Saida Mirziyoyeva, head of the Uzbek president’s office, and US Assistant Secretary of Commerce David Fogel.

Mirziyoyeva said the two sides discussed expanding cooperation in trade, investment and new areas of partnership. She noted that American companies are showing increasing interest in investment and infrastructure projects in Uzbekistan and stressed the need to translate that interest into practical agreements and economic results.

The officials also reviewed the work of the American-Uzbek Business and Investment Council, which aims to strengthen business ties and facilitate cooperation between companies from both countries.

Separately, Uzbekistan’s Minister of Investment, Industry and Trade Laziz Qudratov and David Fogel signed a memorandum designed to support business initiatives. The document will help develop regional business delegations, expand commercial contacts and promote new investment projects.

According to local media, bilateral trade between Uzbekistan and the United States exceeded $1 billion in 2025. The sides also discussed cooperation in energy, mining, transport, agriculture, finance, digital technologies, innovation and artificial intelligence.

The latest talks build on a series of recent meetings between Uzbek and US officials aimed at strengthening economic and strategic relations, including through the American-Uzbek Business and Investment Council launched earlier this year.

If the agreements lead to new investments and joint projects, economic cooperation between the two countries could expand further across key industries, supporting trade growth and business activity in Uzbekistan.

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