U.S. and Uzbekistan sign critical minerals pact

The United States and Uzbekistan have entered into a significant partnership with the signing of a "Joint Investment Framework" aimed at enhancing strategic cooperation between the two nations. This agreement, facilitated by the U.S. International Development Finance Corporation (DFC), focuses on the development and investment in critical minerals, a sector increasingly vital for global supply chains and technological advancement. As Uzbekistan seeks to bolster its economic ties and attract foreign investment, this pact represents a crucial step towards diversifying its partnerships beyond traditional allies. The collaboration underscores the U.S.'s commitment to supporting Central Asian countries in navigating economic development while ensuring sustainable practices in mineral extraction. This agreement could also play a pivotal role in addressing global supply chain vulnerabilities, particularly in the context of growing competition for critical resources. The initiative is expected to not only benefit the economies of both nations but also contribute to regional stability and development, positioning Uzbekistan as a key player in the international minerals market.