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Uzbekistan and Traxys sign agreement to expand cooperation in critical minerals
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Uzbekistan and Traxys sign agreement to expand cooperation in critical minerals

Uzbekistan and the American company Traxys have concluded an agreement aimed at deepening cooperation in the field of critical mineral resources. This document defines additional areas of interaction and joint work.

The signing of the agreement took place after a meeting of representatives of the Government of Uzbekistan and the company's management, which was held on the sidelines of the C5+1 business forum. Participants in the negotiations included Deputy Prime Minister of Uzbekistan Jamshid Khodjayev, Minister of Investment, Industry and Trade Laziz Kudratov, Minister of Mining and Geology Bobur Islamov, and Traxys CEO Mark Kristoff.

The parties discussed the current state and future prospects of their partnership regarding critical minerals. The main focus was on geological exploration, mining, advanced processing of mineral resources, attracting investment, implementing modern technologies, and realizing joint projects.

This meeting followed previous discussions concerning the transformation of Uzbekistan's mining and geological sector, the creation of favorable conditions for investors, and the development of long-term cooperation.

Participants noted significant potential for expanding interaction with industrial enterprises and forming sustainable production chains. Representatives of Uzbekistan confirmed their readiness to support the practical implementation of joint initiatives, while Traxys management expressed interest in further developing mutually beneficial partnerships and participating in promising projects in Uzbekistan.

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Uzbekistan and Russia Expand Interregional Cooperation in Trade and Investment
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Uzbekistan and Russia Expand Interregional Cooperation in Trade and Investment

Uzbekistan and Russia intend to deepen direct interaction between their regions, as well as strengthen industrial cooperation, trade, and investment ties. These issues were discussed on October 6th in Fergana during the plenary session of the third Council of Regions of the two countries.

The event began with the reading of messages from the Presidents of Uzbekistan, Shavkat Mirziyoyev, and Russia, Vladimir Putin. The message from the Uzbek leader was presented by the Deputy Prime Minister of Uzbekistan, Jamshid Khodjayev, while the Russian message was delivered by the First Deputy Prime Minister, Denis Manturov.

Khodjayev emphasized that holding the Council in Fergana is of particular importance for developing interregional ties. He noted that the mechanism of cooperation between the regions of the two states has demonstrated practical effectiveness for more than eight years.

The meeting gathered leaders and representatives from 17 Russian regions, representatives from all regions of Uzbekistan, as well as about 400 entrepreneurs from both countries.

According to Khodjayev, all 14 regions of Uzbekistan maintain stable relations with more than 50 subjects of the Russian Federation. The joint portfolio of cooperation projects exceeds 200 initiatives with a total value of almost 6 billion US dollars.

He stated that this confirms that the regions are one of the solid foundations of partnership for achieving strategic goals.

Manturov reported that since the beginning of 2026, the regions of Russia and their Uzbek partners have organized about 100 joint events, including major business forums in both countries. He also invited participants to Omsk, where the fourth Council of Regions is planned.

The plenary discussion included leaders and representatives from the Fergana, Sunikandaryinsk, and Namangan regions of Uzbekistan, as well as the Krasnoyarsk Krai, Altai Krai, Novosibirsk, and Omsk regions of Russia.

One of the practical outcomes of the meeting was the exchange of four documents: three interregional agreements and one commercial agreement. The Fergana region and the Omsk region signed a cooperation agreement in industry. The Sunikandaryinsk region and the Krasnoyarsk Krai agreed on interaction in the fields of trade, economy, science, technology, culture, and humanitarian issues.

The Namangan region and the Republic of Dagestan approved an action plan for implementing the agreement on trade, economic, scientific and technical, and socio-cultural cooperation.

A separate agreement was signed in the investment sector: the Ministry of Investment, Industry, and Trade of Uzbekistan, together with Wildberries, concluded an investment agreement providing for the construction of a Class A logistics complex.

The Council of Regions is considered one of the mechanisms for developing economic interaction between Uzbekistan and Russia. Direct contact between the regions allows the parties to form new business ties and translate interregional agreements into concrete investment and industrial projects.

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