Uzbekinvest, the country’s export-import insurance company, has signed a series of cooperation agreements with leading export-credit agencies from Brazil, Japan, Saudi Arabia, and Jordan. The agreements, concluded during the Bern Union’s annual assembly, establish frameworks for mutual support of trade and investment flows between Uzbekistan and these major economies.
The Bern Union — an international association of export-credit agencies and guarantee organizations — brings together representatives from the world’s major trading nations. During the latest annual gathering, Uzbekinvest’s delegation held extensive meetings not only with Bern Union leadership but also with delegations from Canada, Brazil, the United States, Japan, China, Sweden, Switzerland, Saudi Arabia, Finland, Jordan, and numerous other countries. These interactions created a unique platform for expanding Uzbekistan’s international partnerships in the realm of trade finance and investment support.
Economic presentation captures international attention
As part of the assembly, Uzbekinvest presented a comprehensive picture of Uzbekistan’s economic development, investment opportunities, and export potential. The presentation highlighted the tangible results of ongoing economic reforms: political and social stability, macroeconomic balance, strong growth rates, expanding exports, rising domestic and foreign investment, poverty reduction, and accelerating regional development across the country.
International participants acknowledged the effectiveness of these policies and expressed keen interest in strengthening engagement with Uzbek business partners. The response from export-credit agencies suggests growing confidence in Uzbekistan’s economic trajectory and emerging opportunities for long-term commercial cooperation.
Concrete next steps in bilateral engagement
Reflecting the momentum generated by the assembly, representatives from Brazil, Japan, Saudi Arabia, and Jordan committed to organizing “Days of Uzbekistan’s Economy” in their respective countries. These planned events are intended to facilitate deeper connections between business communities, showcase investment opportunities, and attract delegations of traders and investors interested in collaborating with Uzbek enterprises.
In a particularly significant development, Bern Union leadership expressed interest in hosting one of its upcoming annual meetings in either Tashkent or Samarkand. Such a venue selection would position Central Asia more prominently on the global investment map, potentially catalyzing expanded international cooperation across the entire region.
Significance for international business actors
These developments carry substantial implications for international companies operating in manufacturing, construction, trade, design, and logistics sectors. The formalization of export-credit support mechanisms between Uzbekistan and leading economies significantly reduces financing risks for cross-border transactions. For foreign firms seeking to enter or expand operations in Uzbekistan and Central Asia, these agreements create more favorable conditions for accessing favorable financing terms and insurance coverage.
The planned bilateral economic promotion events and potential future Bern Union assembly in Central Asia signal mounting recognition of the region’s investment appeal. Companies in furniture manufacturing, construction materials, textiles, and related sectors — particularly from Brazil, Japan, Saudi Arabia, and Jordan — should view these developments as markers of an increasingly open and internationally integrated market environment in Uzbekistan.
