Uzbekistan - Latest News/Current Events, Economic Overview & Trade Relations
AEI | Quick Facts about Uzbekistan
| Official Name | Republic of Uzbekistan |
| Capital | Tashkent (Toshkent) |
| Location | Central Asia, north of Afghanistan |
| Area | total: 447,400 sq km land: 425,400 sq km water: 22,000 sq km |
| Climate | mostly midlatitude desert, long, hot summers, mild winters; semiarid grassland in east |
| Terrain | mostly flat-to-rolling sandy desert with dunes; broad, flat intensely irrigated river valleys along course of Amu Darya, Syr Darya (Sirdaryo), and Zarafshon; Fergana Valley in east surrounded by mountainous Tajikistan and Kyrgyzstan; shrinking Aral Sea in west |
Editor PicksBrowse Asia News Archive
Sasol, Petronas Studying Fuels Plant in Uzbekistan
South Africa's world's biggest producer of motor fuels from coal, Sasol LTD., and Malaysia's Petroliam Nasional Bhd., are currently under talks to potentially study a gas-to-fuel plant in Uzbekistan that might be supersede Sasol's Qatar facility.
read full newsGazprom Comes up Dry on Exploration Attempts
Gazprom, the largest natural gas extractor and largest Russian company, has handed back exploration licenses for three hydrocarbon deposits in northern Uzbekistan
read full newsElectricity Rationing Eased In Tajikistan
Recent reports had stated that due to Uzbekistan stopping delivery of electricity to Tajikstan, the country has recently been rationing electricity.
read full newsUzbekistan To Halve Energy Supply To Tajikistan - Gas Company
DUSHANBE, Tajikistan (AFP)--Uzbekistan will halve its supply of natural gas to neighboring Tajikistan next week because of unpaid debts, Tajik state gas company Tajiktransgaz said Thursday.
read full newsUzbekistan And Russia Strengthen Energy Ties
Energy ties between Uzbekistan and Russia were strengthened Friday, with the former pledging to support a new trans-Russian gas pipeline, and enhance its natural gas export to Russia.
read full newsBrowse Asia News Archive
Trade Agreements
CISFTA - Commonwealth of Independent States FTA
Belarus
Georgia
Moldova, Republic Of
UkraineNever fully implemented by all members, although Free Trade Area was created in 1999; future prospects unclear. http://www.worldtradelaw.net/fta/agreements/cisfta.pdf
Eurasian Economic Community Customs Union
The EAEC attempts substantial integration in post-soviet nations. It arose out of the CIS customs union as all the members were CIS members. The agreement strives to create a common market, customs union, standardized currency exchange, develop programs for social and economic development, a general energy market and several equal rights for citizens, including health care. The EAEC consists of an intergovernmental council, Secretariat, Commission of the Permanent Representatives, Interstate parliamentary assembly, Law Court, and Integration Committee. http://secretariat.efta.int/Web/ExternalRelations/PartnerCountries/Singapore
Kyrgyzstan - Uzbekistan Free Trade Agreement
http://www.worldtradelaw.net/fta/agreements/kyruzbfta.pdf
US - Central Asian TIFA
The US-Central Asian TIFA will allow member countries to address trade issues and promote US trade and investment to Central Asia. It will open up a market of 55.9 million consumers to the United States. A Council was created with the agreement to promote an ongoing dialogue and open forum for countries improve trade relations.http://www.ustr.gov/assets/Trade_Agreements/TIFA/asset_upload_file683_7722.pdf
Trade Organizations
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The nations involved are Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.
Eurasian Economic Community (EuAsEC or EAEC)
The Eurasian Economic Community (EuAsEC or EAEC) is an intergovernmental organization of 6 nations and is also part of the CIS Customs Union. All members are also members of the older Commonwealth of Independent States.