Uzbekistan and the World

Topic: “Uzbekistan and the World”
Economy of Uzbekistan

Ideally speaking, Uzbekistan has great economic potential from its own resources. In the world production of quality gold, Uzbek gold has won two international prizes. Its large reserves of gold ore are sufficient to make the world’s seventh largest gold producer. Besides gold, other metals like cooper, lead, zinc, tungsten, lithium are also produced in Uzbekistan. Even gas, coal and oil are readily available. It is one of the 10 largest exporters of natural gas in the world. The natural recourses of the country are estimated to total over 3 trillion USD. Explored mineral reserves are available for industrial processing total USD 870 billion.. Agriculture is highly developed in Uzbekistan. Uzbekistan is the world’s fourth largest cotton producer. The high quality Uzbek cotton has made it very popular with the European and Asian markets. About 5 million tons of vegetables and fruits are exported to Commonwealth countries because of their specific taste, texture and variety. Uzbekistan is also one of the international exporter, for furs and fine wines. The Bukhara Distillary is famous for its distillery.

On the creation of modernized communication system, Uzbekistan is working closely with a few Japanese, German and Turkish companies in order to create better telecommunication systems. In terms of industrial infrastructure the fuel and energy, mining and processing industries, light industry, machine building, aviation, chemical industry, food industry, civil engineering and production, textile and oil processing industries are well developed.

Likewise, the cooperation with other countries is aimed to find out relationship with the most important transport system and sea ways. There’s even a railway system being built from Turkmenistan, passing the Iranian ports to the Indian Ocean for greater excess to other parts of the world. Therefore, with the development of such a modern communication system, Uzbekistan is bond to create better international development on tourism in the near future.

Currently, Uzbekistan is encouraging foreigners with foreign capital to open banks with the help of the World Bank and some of the European banks. Uzbekistan is always paving the way and relationship with other countries. Apart, from the above mentioned, Uzbekistan has about 1,000 joint ventures with the Germans on “Merceded Benz” and “Simians”, the South Koreans on “Daewoo” and “Samsung”, the Japanese on “Mitsubishi”, as well as with Italian, British and French companies that are surely but slowly emerging from the Uzbek’s economic scene.

SPEAKING AND VOCABUARY ACTIVITIES

Discuss the questions below

1. 
   Why does Uzbekistan have great economic potential?
   
2. 
   What is the place of Uzbekistan in the world according to its gold reserves?
   
3. 
   What natural resources does Uzbekistan export?
   
4. 
   What is the value of mineral reserves are available for industrial processing?
   
5. 
   What is the rank of Uzbekistan’s cotton production?
   
6. 
   What agricultural products, besides cotton, does Uzbekistan export?
   
7. 
   What is the reason of a big volume for exports of fruits and vegetables?
   
8. 
   What sectors of industry are well developed in Uzbekistan?
   
9. 
   What changes have been done to create better international development on tourism in the near future?
   
10. 
    What is being done in the banking system of Uzbekistan? What kind of joint ventures are there in Uzbekistan?