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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of October 25, 2017 No. PP-3356

About additional measures for increase in efficiency of activities of free economic zones and small industrial zones

Note that in recent years in the country purposeful large-scale work on creation of free economic and small industrial zones, including forming of the strong regulatory framework regulating their activities, broad system of the tax, customs privileges and preferences promoting attraction in development of free economic and small industrial zones of foreign and domestic investments is carried out.

At the same time in the organization of activities of free economic zones massive faults and omissions which serve as brake of their development and effective functioning take place. The special interdepartmental commission formed by the resolution of the President of the Republic of Uzbekistan of August 7, 2017 No. PP-3175, with departure on places reveals the following:

the first, there are no accurate selection criteria of projects for placement in the territories of free economic and small industrial zones. By consideration of investment projects the quantity of again created workplaces, availability of the potential foreign partner and the country investor, demand of the made products on internal and the foreign markets, export volume, and also production localization level are not considered;

the second, actually there was difficult bureaucratized mechanism of coordination and approval of the investment projects offered for realization and placement in the territory of free economic zones which for many months delays adoption of the decision on them;

third, is not paid due attention to questions of timely creation of necessary engineering and communication and production infrastructure for free economic and small industrial zones;

the fourth, there is no detailed study of security of the offered investment projects with reliable financial sources, including at the expense of domestic and foreign credit resources, direct foreign investments. The commercial banks assigned to free economic and small industrial zones passively participate in the solution of these problems;

the fifth, considerable difficulties are experienced by members of free economic zones in acquisition in necessary amount of the raw material resources realized through the Republican commodity and raw exchange;

the sixth, production capacities of the companies put into operation in the territory of free economic zones are extremely inefficiently used owing to what production volumes, export and quantity of workplaces do not correspond to parameters of the approved business plans;

the seventh, there is no efficient mechanism of coordination of work on the operational solution of the questions arising on places from the educated territorial commissions on coordination of activities of free economic and small industrial zones headed by First Deputy Chairmen of the board of Ministers of the Republic of Karakalpakstan, hokim of areas and Tashkent concerning economy and entrepreneurship.

All this requires creation of essentially new system of carrying out selection of investment projects, procedure for provision of the parcels of land, ensuring access to raw materials and materials, allocation of credit resources to the subjects of entrepreneurship placed in free economic and small industrial zones.

For the purpose of creation of optimum business environment for attraction of foreign and domestic investments in creation of modern high technology productions on deep conversion of the mineral and raw and agricultural resources providing release of competitive high-quality products with the high value added demanded in the foreign markets and also complex and effective use of potential and resource production of regions of the republic, the organization on this basis of new workplaces and increases in the income of the population:

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