Article: ASIAN WOES STIFLE UZBEKISTAN PROGRESS.(Business)

Japan and South Korea's financial problems have stymied efforts in Uzbekistan to develop new industries, the Central Asian republic's ambassador to the United States said yesterday in Seattle.

``It is one of the most significant crises that we face,'' Ambassador Sodyq Safaev, clearly in the hunt for U.S. investors, told a breakfast session organized by the Trade Development Alliance of Greater Seattle and the Seattle-Tashkent Sister City Association.

Investments from Asia have slowed since currencies there began to fall in value, stalling Uzbekistan's program to become a producer of finished goods instead of a supplier of raw products, he said.

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