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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of January 28, 2019 No. UP-5643

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

(as amended on 11-02-2022)

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;

territorial subdivisions of the Ministry in the Republic of Karakalpakstan, areas, Tashkent, areas (cities) based on authorized representatives of the Ministry of Foreign Trade and the relevant territorial subdivisions of the State committee of the Republic of Uzbekistan on investments.

Determine that the Ministry is legal successor of the Ministry of Foreign Trade and State committee of the Republic of Uzbekistan on investments on their rights, obligations and agreements, including international.

3. Determine that the Ministry:

is the authorized state body responsible for realization of single state investment policy, coordination of attraction of foreign investments, first of all straight lines, cooperation with the international financial institutions (offices of the managing director) and foreign government financial institutions, and also forming and coordination of single state policy in the field of foreign trade, the international economic cooperation, attraction to the republic of means of external non-paid assistance (grants, technical assistance, target free aid);

performs coordination of development of the regional and industry concepts of development on the basis of the strategy of investment policy for the medium-term period and Concepts of social and economic development of the Republic of Uzbekistan till 2030 developed by the Ministry of Economy and Industry of the Republic of Uzbekistan;

performs coordination of activities of the ministries and departments, and also executive bodies on places within promotion of the external economic interests of the country, protection of the rights and legitimate interests of participants of foreign economic activity of the Republic of Uzbekistan;

together with the Ministry of Finance and the Ministry of Economy and Industry of the Republic of Uzbekistan develops and provides export support strategy implementation, including tools on its stimulation;

develops recommendations about effective use of the raised credit resources and funds of technical assistance (grants) of the international and foreign government financial institutions, fund of reconstruction and development of the Republic of Uzbekistan, centralized investments at the expense of means of the Government budget of the Republic of Uzbekistan and the state trust funds;

performs coordination of actions of departments, executive bodies on places, the State Customs Committee, the Agency on quarantine and protection of plants, the State committee of veterinary science and development of livestock production, the Uzstandart Agency, Republican center of the state sanitary and epidemiological surveillance of the Ministry of Health of the Republic of Uzbekistan regarding application of the measures influencing trading activity on internal and the foreign markets, according to the procedure, established by the legislation.

In two-month time to provide to the Cabinet of Ministers of the Republic of Uzbekistan carrying out inventory count of powers of state bodies regarding influence on investment, and also trading activity and to approve procedure for approval of the Ministry of the applied measures.

4. Determine the main objectives and activities of the Ministry:

realization of single state investment policy, ensuring coordination of development and effective implementation of state programs of development and investing programs, including industry and regional investing programs;

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