| | Uzbekistan is a member of the IMF, the World Bank, the Asian Development Bank, the Islamic Development Bank, and the European Bank for Reconstruction and Development. It has observer status at the World Trade Organization (WTO) and has publicly stated its intention to accede to the WTO. It is a member of the World Intellectual Property Organization and is a signatory to the Convention on Settlement of Investment Disputes between States and Nationals of Other States, the Paris Convention on Industrial Property, the Madrid Agreement on Trademarks Protection, and the Patent Cooperation Treaty. In 2006, Uzbekistan was again placed on the special "301" Watch List for lack of intellectual copyright protection. | | Uzbekistan is a member of the IMF, the World Bank, the Asian Development Bank, the Islamic Development Bank, and the European Bank for Reconstruction and Development. It has observer status at the World Trade Organization (WTO) and has publicly stated its intention to accede to the WTO. It is a member of the World Intellectual Property Organization and is a signatory to the Convention on Settlement of Investment Disputes between States and Nationals of Other States, the Paris Convention on Industrial Property, the Madrid Agreement on Trademarks Protection, and the Patent Cooperation Treaty. In 2006, Uzbekistan was again placed on the special "301" Watch List for lack of intellectual copyright protection. |
| − | Since Uzbekistan's independence, U.S. firms have invested roughly U.S. $500 million in Uzbekistan. 2006 was one of the worst years for foreign investment, especially U.S. Due to declining investor confidence, currency convertibility problems, and changes to Uzbek legislation, numerous international investors have left the country or are considering leaving. The Government of Uzbekistan declared bankrupt the Newmont Mining joint venture, the largest U.S. investor. Caterpillar Tractors pulled out in late 2006. Chevron-Texaco set up operations in 1992 and is focusing on producing lubricants for the Uzbek market. Coca Cola, one of the largest U.S. franchises, weathered problems in previous years. No large, new investments have been made by U.S. firms in the last 5 years. | + | Since Uzbekistan's independence, U.S. firms have invested roughly U.S. $500 million in Uzbekistan. 2006 was one of the worst years for foreign investment, especially U.S. Due to declining investor confidence, currency convertibility problems, and changes to Uzbek legislation, numerous international investors have left the country or are considering leaving. The Government of Uzbekistan declared bankrupt the Newmont Mining joint venture, the largest U.S. investor. Caterpillar Tractors pulled out in late 2006. Chevron-Texaco set up operations in 1992 and is focusing on producing lubricants for the Uzbek market. Coca-Cola, one of the largest U.S. franchises, weathered problems in previous years. No large, new investments have been made by U.S. firms in the last 5 years. |