Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC


of January 28, 2019 No. UP-5643

About measures for enhancement of management system in spheres of investments and foreign trade

In the country large-scale work on improvement of the investment climate, increase in the export potential, effective regulation of investing and foreign trade activity as basis for active business development is carried out.

At the same time, weak coherence of investment process with final indicators of promotion of products on the foreign markets remains. The operating system of public administration is based on separate regulation of questions of investments and trade that requires review of organization-legal mechanisms in these spheres.

For the purpose of increase in investment potential of the republic, investment attraction to priority spheres and industries of economy, ensuring mutually coherence of process of investment with production of competitive export-oriented products, and also in pursuance of the tasks determined in the State program by strategy implementation of actions in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021 in "Year of active investments and social development":

1. Consider the most important directions of enhancement of management system in spheres of investments and foreign trade:

the first - creation of the favorable investment climate and incentives at domestic and foreign entrepreneurs to investment into priority spheres, industries and regions of Uzbekistan for the purpose of production of competitive export-oriented products, and also unconditional accomplishment of task by each state body on assistance to active investment attraction and development of trade;

the second - creation of the management system centralized investments promoting increase in efficiency of use of financial resources of the state, loan resources and means of technical assistance (grants) of the international financial institutions and foreign government financial institutions for the solution of priority tasks of social and economic development of the country;

third - improvement of the international image of the Republic of Uzbekistan, broad attraction of foreign investments, including straight lines, for ensuring dynamic development of industries of economy and regions of the country, transfer of advanced technologies, consecutive enhancement of the business and investment climate;

the fourth - ensuring effective interaction of state bodies and subjects of entrepreneurship with foreign investors, trading partners, the foreign government and international organizations, proceeding from economic interests of the republic;

the fifth - implementation of optimum customs and tariff policy for the purpose of ensuring sustained economic growth, integration into the World Trade Organization, cooperation with other multilateral trade and economic systems;

the sixth - rendering full support to exporters, consecutive development of trade infrastructure, including foreign, systems of electronic commerce, enhancement of the legislation in this sphere;

the seventh - creating favorable conditions for access of domestic goods and services to foreign markets, forming of effective transport corridors, development of modern logistics chains for the purpose of diversification of geography of deliveries;

the eighth - ensuring widespread introduction of modern quality management systems of products and compliance of domestic goods to requirements of international standards and technical regulations for increase in their competitiveness in the foreign markets, implementation of the advanced information and communication technologies providing strong growth of trade and activation of investment policy.

2. Form:

The ministry of investments and foreign trade of the Republic of Uzbekistan (further - the Ministry) based on the Ministry of Foreign Trade and the State committee of the Republic of Uzbekistan on investments;

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