Uzbekistan Seeks Enhanced US Trade Ties and Investment Opportunities

During a speech at the United Nations in New York on September 23, 2023, President Shavkat Mirziyoyev of Uzbekistan emphasized a shift in the nation’s economic policies, moving away from isolationism towards a more open and collaborative approach. This marks a significant departure from the post-Soviet strategies of his predecessors, with a clear focus on fostering trade and investment with the United States. Mirziyoyev stated, “Our top-priority goal is to fundamentally transform the lives of each and every family and citizen in our country, to enhance human dignity and wellbeing.”

Uzbekistan is now positioning itself as a more attractive destination for foreign investment, emphasizing that any agreements must be fair, strategic, and reciprocal. The ongoing discussions between Washington and Tashkent highlight a mutual commitment to accelerate capital and trade flows, aiming to build a more robust economic partnership.

High-Level Investment Roundtable Signals New Era

A key event during Mirziyoyev’s visit was a high-level US-Uzbekistan investment roundtable, which included senior executives from prominent US corporations and financial institutions. Notable participants included representatives from Boeing, Citigroup, BNY Mellon, NASDAQ, and Nvidia. The strong turnout indicated a clear interest from the American business community in exploring opportunities in Uzbekistan’s developing markets.

During a personal meeting with US President Donald Trump, Mirziyoyev celebrated the landmark US$8 billion deal between Boeing and Uzbekistan Airways, which is projected to create over 35,000 jobs in the United States. This agreement is seen not just as a deal, but as a symbol of growing economic ties. The investment roundtable underscores a decisive moment for both nations, moving from initial talks to concrete negotiations in various sectors, including transport infrastructure, energy, and smart agriculture.

Mirziyoyev was joined by US Special Envoy for South and Central Asian Affairs Sergio Gor and Under Secretary of Commerce for International Trade William Kimmitt during the signing of several bilateral agreements. These agreements, covering areas such as logistics, artificial intelligence, mining, healthcare, and financial services, represent a strategic pivot in US engagement with Central Asia.

Building Investor Confidence and Ensuring Fair Practices

To address potential investor concerns regarding sovereign risk and the complexities of cross-border investments, Mirziyoyev assured participants, “I personally guarantee the success of US companies operating in Uzbekistan.” Additionally, he announced the appointment of a dedicated Deputy Minister for US Affairs, who will provide continuous support to American businesses. This initiative aims to bolster investor confidence in a nation that has historically faced challenges related to corruption and legal uncertainties.

Washington is also making strides to encourage American companies to invest in Uzbekistan. The recently released September 2025 Uzbekistan Investment Climate Statement by the US Department of State presents a more positive outlook compared to previous reports, which often reflected a cautious tone. By adopting a pragmatic approach, the US is signaling its intent to deepen ties with Uzbekistan, which could result in significant economic benefits for both countries.

The evolving relationship between Uzbekistan and the United States is not only about economic growth but also about enhancing job opportunities in both nations. As these diplomatic efforts continue, they are expected to attract more foreign investment and support Uzbekistan’s goal of transitioning from an aid recipient to an active player in the global economy. This shift may also raise concerns in neighboring countries such as China and Russia, as Uzbekistan strengthens its economic alliances.

The developments in New York illustrate a crucial moment for Uzbekistan’s future, as it seeks to redefine its role in the international arena. As both nations work towards deeper economic collaboration, the potential for job creation and mutual growth remains a critical focus.