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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of November 13, 2019 No. PP-4519

About measures for creation and the organization of activities of council of foreign investors in case of the President of the Republic of Uzbekistan

For the purpose of further improvement of the investment climate in the country, expansions of attraction of direct foreign investments in priority industries of economy and other important spheres, the organizations of high-quality investment process taking into account the best international practices, and also according to the resolution of the President of the Republic of Uzbekistan of August 6, 2018 No. PP-3900 "About measures for further expansion and deepening of partnership with the European Bank for Reconstruction and Development":

1. Create Council of foreign investors in case of the President of the Republic of Uzbekistan (further - Council).

2. Determine the main objectives of Council:

consultation of the Government of the Republic of Uzbekistan on the most important directions of investment, industrial and technology and innovative development of the country proceeding from the most successful experience and achievements of world practice;

direct participation in creation of the favorable investment climate and effective mechanisms of stimulation of domestic and foreign entrepreneurs to investment into priority industries of economy, and also regions of the country for the purpose of the organization of modern productions for release of competitive export-oriented products, and also assistance to active investment attraction, first of all direct foreign investments, and to development of mutually advantageous trade;

ensuring effective interaction of state bodies and business entities with the foreign companies, banks, investment and other structures, the international financial institutions and foreign government financial institutions;

identification and the analysis of the key factors interfering investment attraction and activity of investors including foreign, ensuring maintenance of favorable business environment and investment climate in the republic;

development of the efficient offers directed to elimination of the factors constraining investment processes, common efforts of state bodies, international financial institutions and foreign government financial institutions, the foreign companies, banks, the investment and other structures performing activities in the Republic of Uzbekistan;

assistance in enhancement of mechanisms of support of exporters, consecutive development of trade infrastructure, system of electronic commerce, creating favorable conditions for promotion of domestic goods and services on the foreign markets, forming of effective transport corridors, modern logistics chains;

implementation of positive foreign experience in processes of creation and use of modern quality management systems of products, consecutive implementation of measures for ensuring compliance of domestic goods to requirements of international standards and technical regulations, increase in their competitiveness, support of application of the advanced information and communication technologies;

preparation of offers and recommendations about further enhancement of the legal base in the field of regulation of investing activities in the Republic of Uzbekistan;

determination of the priority directions and development of the effective measures providing improvement of the international image, increase in line items of the Republic of Uzbekistan in the international ratings and indexes.

3. Determine that:

Council is advisory advisory body in case of the President of the Republic of Uzbekistan;

the structure of Council is created of number of heads and representatives of the foreign companies, banks, investment and other structures, international financial institutions and foreign government financial institutions, including the European Bank for Reconstruction and Development, performing including investing and business activity in the Republic of Uzbekistan in accordance with the established procedure, and also other participants;

Council performs the activities in the form of plenary and intermediate sessions. The plenary sessions of Council are held once a year, intermediate sessions - at least two times a year;

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