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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of March 31, 2017 No. UP-4996

About formation of the State committee of the Republic of Uzbekistan on investments

For the purpose of the most complete sale of the investment potential of the Republic of Uzbekistan, further enhancement of the investment climate, high-quality development of annual investing programs, forming of the most favorable conditions for attraction of foreign investments, cooperation increase with the international financial institutions, foreign government financial institutions, the leading foreign companies and bank structures, and also increases in efficiency of the attracted foreign investments:

1. To form the State committee of the Republic of Uzbekistan on investments with territorial subdivisions in the Republic of Karakalpakstan, areas and Tashkent.

To determine that the State committee of the Republic of Uzbekistan on investments is the authorized state body responsible for coordination of forming and sale of single state investment policy and attraction of foreign investments.

2. To determine the main objectives and activities of the State committee of the Republic of Uzbekistan on investments:

coordination of work on forming and carrying out single state investment policy, including attraction of foreign investments, directed to stimulation of expansion of amounts of investment into industries of economy and regions of the country, further enhancement of the investment climate in the republic, support of development of the companies with participation of the foreign capital;

development and implementation of measures for further enhancement of the regulatory framework in the sphere of attraction of foreign investments and to creation of even more favorable conditions for expansion of investing activities in the territory of the Republic of Uzbekistan;

participation in forming, coordination and implementation of monitoring of annual Investing programs of the Republic of Uzbekistan and regional investing programs, including regarding projects with foreign investments, maintaining single base of investment offers for attraction of foreign investments, credits and means of financial and technical assistance;

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