RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of May 10, 2019 No. 390

About approval of the Regulations on the Ministry of investments and foreign trade of the Republic of Uzbekistan

In pursuance of the 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" and resolutions of the President of the Republic of Uzbekistan of January 28, 2019 No. PP-4135 "About the organization of activities of the Ministry of investments and foreign trade of the Republic of Uzbekistan" the Cabinet of Ministers decides:

1. Approve Regulations on the Ministry of investments and foreign trade of the Republic of Uzbekistan according to appendix No. 1.

2. Recognize invalid some decisions of the Government of the Republic of Uzbekistan according to appendix No. 2.

3. To impose control of execution of this resolution on the deputy prime minister of the Republic of Uzbekistan concerning investments and foreign economic relations E. M. Ganiyev and the minister of investments and foreign trade of the Republic of Uzbekistan S. U. Umurzakov.

Appendix No. 1

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of May 10, 2019 No. 390

Regulations on the Ministry of investments and foreign trade of the Republic of Uzbekistan

Chapter 1. General provisions

1. This Provision determines the status, tasks, functions, competence and organizational bases of activities of the Ministry of investments and foreign trade of the Republic of Uzbekistan (further - the Ministry), and also functional obligations and responsibility of his heads.

2. 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 the foreign government financial organizations, and also forming and coordination of single state policy in the sphere of foreign trade and international economic cooperation.

3. The ministry in the activities is guided by the Constitution of the Republic of Uzbekistan, the laws and resolutions of chambers of Oliy Majlis of the Republic of Uzbekistan, decrees, resolutions and orders of the President of the Republic of Uzbekistan, resolutions and orders of the Cabinet of Ministers of the Republic of Uzbekistan, this Provision and other acts of the legislation.

4. The decisions of the Ministry made within its powers are obligatory for execution by state bodies, executive bodies on places, business entities, irrespective of patterns of ownership and departmental subordination.

5. The ministry performs the activities directly and in interaction with other state bodies, executive bodies on places, public associations and other organizations.

6. The ministry, the Ministry of investments and foreign trade of the Republic of Karakalpakstan, management of investments and foreign trade of areas and Tashkent, investment departments and foreign trade of areas (cities), and also the subordinated organizations entering into structure of the Ministry are legal entities, have seal and forms with the image of the State Emblem of the Republic of Uzbekistan and the name in state language, separate balance, treasurer personal accounts in Treasury of the Ministry of Finance of the Republic of Uzbekistan, bank accounts, including in foreign currency.

7. Official name of the Ministry:

a) in state language:

complete - ÷zbekiston Respublikasi Investitsiyalar va tashka savdo vazirlig, reduced - Investitsiyalar va of tashka savdo vazirlig;

b) in English:

complete - Ministry of Investments and Foreign Trade of the Republic of Uzbekistan reduced - Ministry of Investments and Foreign Trade;

c) in Russian:

complete - the Ministry of investments and foreign trade of the Republic of Uzbekistan reduced - Mininvestvneshtorg.

8. Location (postal address) of the Ministry: city of Tashkent, Ulitsa Taras Shevchenko, 1.

Chapter 2. Structure of the Ministry

9. The Ministries log in:

central office of the Ministry;

Ministry of investments and foreign trade of the Republic of Karakalpakstan;

managements of investments and foreign trade of areas and Tashkent (further - territorial administrations);

investment departments and foreign trade of areas (cities) (further - district (city) departments);

Agency on attraction of foreign investments;

Agency of promotion of export;

Agency of technology development.

10. Territorial administrations are accountable to the Ministry, Council of Ministers of the Republic of Karakalpakstan and khokimiyats of areas and Tashkent.

District (city) departments of the Ministry are accountable to territorial administrations of the Ministry and khokimiyats of the respective areas (cities).

Chapter 3. Tasks and functions of the Ministry and its territorial administrations, and also district (city) departments

§ 1. Tasks and functions of the Ministry

11. The main objectives of the Ministry are:

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;

coordination of work on attraction of foreign investments, implementation of effective interaction with the international economic and financial institutions, the foreign government financial organizations in bilateral and multilateral format;

coordination of activities of state bodies and organizations, permanent representatives of the Republic of Uzbekistan at the international and foreign financial and economic institutions, and also together with the Ministry of Foreign Affairs of the Republic of Uzbekistan the workers dealing with issues of foreign economic activity in foreign organizations of the Republic of Uzbekistan;

participation in preparation, coordination and signing of international treaties of the Republic of Uzbekistan concerning trade and economic and investment cooperation;

providing permanent feedback with investors, assistance to regions and the domestic companies in investment attraction, the organization of development of investment offers;

realization of single state policy in the field of foreign trade, assistance and ensuring effective functioning of National system of support of export, coordination of activities of state bodies and organizations in regulation of foreign trade;

coordination of the actions connected using measures of tariff and non-tariff regulation in trade and also enhancement of procedures of electronic commerce;

expansion and strengthening of trade-economic and investment cooperation of the Republic of Uzbekistan with foreign states, support of commodity export, works and services;

coordination of processes of the introduction and cooperation of the Republic of Uzbekistan with the World Trade Organization, and also other multilateral economic organizations;

coordination of questions of regulation of wholesale and stock foreign trade, implementation of monitoring and the analysis of condition of the international markets, carrying out marketing researches and information analysis about the world prices for goods;

promotion of questions of development of the foreign trade infrastructure, in particular, on increase in level of transit potential, enhancement of logistics and transport corridors, and also diversifications of export routes.

12. The ministry according to the tasks assigned to it performs the following functions:

1) in the sphere of 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:

coordinates work of the ministries and departments, and also executive bodies on places on development and effective implementation of state programs of development and investing programs, including industry and regional programs, and also programs of attraction of financial resources of technical assistance (grants);

develops suggestions for improvement of regulatory framework in the sphere of expansion of investing activities in the territory of the republic and elimination of the existing barriers interfering inflow of investments;

performs permanent monitoring of course of execution and application of funds within implementation of the investment projects included in state programs of development and investing programs, and also studied to inclusion in these programs of projects;

in interaction with the Ministry of Economy and Industry of the Republic of Uzbekistan, and also other ministries, departments and business entities - initiators of projects will organize monitoring system behind the course of implementation of state programs of development and investing programs, including investment projects with participation of foreign investments and credits (loans), reveals the system problems interfering timely implementation of investment projects and also develops on this basis of suggestion for improvement of investment processes;

coordinates activities of free economic zones, performs functions of working body of administrative boards of special economic zones;

performs monitoring of development of free economic zones, makes in administrative boards offers on new investment projects on the basis of the conclusions of members of administrative boards and takes measures for ensuring effective realization of the free economic zones of projects with participation of foreign investments operating in the territories;

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