ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of July 1, 2025 No. 372

About the Strategy of investment attraction to the Republic of Tajikistan for the period till 2040

According to articles 4 and 12 of the Law of the Republic of Tajikistan "About strategic planning and the state forecasting" the Government of the Republic of Tajikistan decides:

1. Approve the Strategy of investment attraction to the Republic of Tajikistan for the period till 2040 and the Actions plan on strategy implementation of investment attraction to the Republic of Tajikistan for the period till 2040 for 2026-2030 (appendices 1 and 2).

2. Determine the State committee on investments and management of state-owned property of the Republic of Tajikistan of the coordinator of realization of this Strategy and its Actions plan.

3. And by results of their realization annually till February 1 to provide to the relevant ministries and departments, local executive bodies of the government within the provided means of the government budget and other sources which are not prohibited by the legislation of the Republic of Tajikistan to provide realization of this Strategy and its Actions plan information in the State committee on investments and management of state-owned property of the Republic of Tajikistan.

4. To the state committee on investments and management of state-owned property of the Republic of Tajikistan annually till March 1 to provide to the Government of the Republic of Tajikistan information on results of realization of this Strategy and its Actions plan.

Appendix 1

to the Order of the Government of the Republic of Tajikistan of July 1, 2025 No. 372

The strategy of investment attraction to the Republic of Tajikistan for the period till 2040

1. General provisions

1. Strategy for investment attraction to the Republic of Tajikistan for the period till 2040 (further – Strategy) is developed on the basis of the Law of the Republic of Tajikistan "About strategic planning and the state forecast", the purposes and priorities of the National strategy of development for the country and the Concept of state policy on attraction and protection of investments of the Republic of Tajikistan, and also the instructions and orders stated in the message of the Founder of the world and national unity – the Leader of the nation, the President of the Republic of Tajikistan dear Emomalii Rahmon of Majlisi Oli of the Republic of Tajikistan of December 28, 2024.

2. Strategy determines the state investment policy in Tajikistan for long-term outlook and includes specific objectives on improvement of the investment climate of the country, stimulation of investing activities, strengthening of state-private cooperation, development of business activity and investment attraction, in particular direct foreign investments.

3. Main objective of Strategy is search of new financing sources of industries of economy and the social sphere, especially, diversification of economy, construction of the industrial and service enterprises and productions, creation of new workplaces, release of export and import-substituting products and simultaneous contribution to expansion of trade and economic cooperation with the international community, increase in contribution of private sector to economy and expansion of foreign economic activity.

4. Considering the huge capacity of the country in production of the renewable electric power, large reserves of the minerals important for transition to "green" economy, the available capacity of different sectors of economy for "green" investments, the policy pursued by the Government of the country for transformation of Tajikistan into the "green" country, and also current world trends in investment process, Strategy places emphasis on representation of Tajikistan as the countries with high potential and opportunities for "green" investments.

5. Importance of investment attraction is determined in documents of strategic planning of the country, and receipt of investments lays the foundation for achievement of strategic objectives of the republic, including ensuring energy independence, transformation of the Republic of Tajikistan into the transit country, ensuring food security and the accelerated industrialization.

6. The government of the Republic of Tajikistan announced strengthening of reforms on improvement of the investment climate by one of the priority directions of the economic policy and realizing policy of "open doors", consistently creates conditions for expansion of geography of inflow of investments.

7. In this regard, found practical realization of creation of infrastructure of support of financial activities of subjects of entrepreneurship, legal and economic system of public-private partnership, dialogue of the state with private sector, simplification of procedures of registration of business, the regulation of checks of activities of business entities, enhancement of allowing permit system, forming of system of the taxation, simplification of foreign economic activity and proceeds process of economic reforming.

8. Taking into account present conditions, in connection with fierce competition, instability of world financial and economic system the restraining factors exerting different impact on indicators of real production sectors of the republic and process of forming of private sector are created.

9. Strategy, analyzing these problems and factors interfering investment attraction and also the current situation and world tendencies, determines the main directions of improvement of the investment climate in the Republic of Tajikistan, proceeding from the available capacity and opportunities of priority industries of the country.

10. Strategy implementation will promote expansion of geography of attraction of foreign investments, especially direct investments, development of different sectors of economy, increase in share of private investments and expansion of participation of private sector in forming of gross domestic product.

2. Purposes and tasks of strategy

§1. Strategic objectives

11. The purpose of Strategy is creation of conditions for successful realization of the purposes and priorities of national development, determination of sources and mechanisms of investment attraction for ensuring sustained economic growth and increase in competitiveness of national economy, building-up of infrastructure and industrial potential, the balanced and complex development of regions, and also human development.

12. Strategy will be directed to the solution of key tasks on improvement of the investment climate, attraction of foreign and internal investments, development of entrepreneurship and investments.

13. The priority directions of investment policy shall be oriented from attraction of the capital to traditional sectors, generally mining industry, to investment into the overworking and knowledge-intensive sectors of economy, implementation of modern technologies and artificial intelligence for production of high-quality and competitive products, works and services, including for entry into the world markets.

14. Main objectives of Strategy are:

- increase in investment appeal and creating favorable conditions for business activity;

- increase in inflow of investments into the country and assistance to ensuring sustainable development of national economy;

- forming of the main mechanisms of realization of investment policy and providing competitiveness of the country with use of new methods of stimulation of investments.

§2. Strategy tasks

15. Goal achievement of Strategy requires accomplishment of tasks and realization of urgent measures for improvement of the investment climate and to private sector development. In this regard, for achievement of effective objectives are provided accomplishment of the following tasks and measures:

1) regarding increase in investment appeal and creating favorable conditions for business activity:

- continuation of reforms on increase in attractiveness of the investment climate in the country;

- increase in role of authorized state bodies and local executive bodies of the government in forming of favorable climate for investments and entrepreneurship;

- increase in level of protection of the rights of investors;

- ensuring access to information for potential investors at the international level;

- development of institutional infrastructure and enhancement of the investment legislation, including decrease in administrative barriers;

- development of mechanisms of public-private partnership in investment processes;

- implementation and enhancement of standards of investment servicing by the principle "from the airport to the airport".

2) regarding increase in inflow of investments into the country and assistance to ensuring sustainable development of national economy:

- determination of the priority directions of attraction of foreign investments and mechanisms of stimulation of receipt of foreign investment in national economy by means of realization of necessary reforms;

- development of the directions of upgrade of investment mechanisms and tools on the basis of the balanced approach to stimulation of investments taking into account industry and regional features;

- assistance to creation and development of clusters in priority sectors of economy for strengthening of chain of creation of value added;

- ensuring the accelerated growth of investments into the knowledge-intensive industries of economy;

- support of small and medium business, including startups, the venture and innovative capital companies;

- assistance to development of investment infrastructure (social, transport, digital, technoparks, industrial parks, IT parks, business incubators, etc.), including with use of the mechanism of public-private partnership (further – PPP);

- ensuring equal access for subjects of entrepreneurship to the state support;

- increase in competitiveness of operating plants;

- activation of internal sources of investments and increase in efficiency of use of investment resources:

- expansion of investment opportunities of the companies, including by means of improvement of quality of management and financial improvement;

- stimulation and activation of the population in investing activities;

- effective distribution of public funds and strengthening of control of efficiency of their use;

- expansion of investment opportunities of commercial banks, forming of the diversified capital market over the countries investors;

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