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 realization of 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. Form the State committee of the Republic of Uzbekistan on investments with territorial subdivisions in the Republic of Karakalpakstan, areas and Tashkent.

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

2. 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 regulatory framework in the field 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;

development of offers on development and diversification of the directions of investment cooperation of the Republic of Uzbekistan with foreign states, the international economic and financial institutions, foreign banks, funds, the agencies, the companies and other subjects of international law on mutually advantageous basis;

coordination of activities of bodies of the public and economic board, public authorities on places, advisers for trade and economic questions of diplomatic representations of the Republic of Uzbekistan abroad and permanent representatives of the Republic of Uzbekistan in the international organizations in determination and realization of the main directions on attraction of foreign investments, and also implementation of investment cooperation with the international financial institutions and foreign investors;

participation in preparation, approval and signing in accordance with the established procedure international treaties of the Republic of Uzbekistan with foreign countries, the international financial institutions, foreign government financial institutions, the leading foreign companies and bank structures concerning investment cooperation;

attraction of foreign investments, first of all straight lines, the credits and means of financial and technical assistance for implementation of investment projects in associativity to industry investing programs, comprehensive programs of social and economic development of the territories, development programs of production, transport and communication and social infrastructure;

increase in efficiency of use of the foreign investments attracted in national economy on the basis of carrying out the analysis of activities of the companies with participation of the foreign capital, and also accomplishment by the investor of investment obligations, identification of the factors interfering timely and effective implementation of investment projects with participation of foreign investments, with initiation of efficient measures for their decision;

development of 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;

the organization of holding the international conferences, seminars, investment forums in the Republic of Uzbekistan and abroad for broad informing foreign investors on economic and investment potential of the country;

participation in accordance with the established procedure in activities of procurement commissions for carrying out the tender;

The paragraph the thirteenth Item 2 is excluded according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 20.02.2018 No. PP-3550

coordination of activities of design institutes and organizations of the republic regarding development of the preproject and project documentation according to investment projects, first of all with participation of foreign investments;

coordination of all work on development, forming and implementation of long-term concepts of industry and regional development, state programs of development, and also to monitoring of efficiency of projects implementation;

accomplishment of functions of authorized body on centralized interaction with the international financial institutions and foreign government financial institutions.

3. Determine that:

the decisions of the State committee of the Republic of Uzbekistan on investments made within its powers and having normative and legal nature are obligatory for execution of the public and economic board by bodies, state governing bodies on places, business entities irrespective of patterns of ownership and departmental subordination;

The state committee of the Republic of Uzbekistan on investments is part of the Complex concerning investments, innovative development, coordination of activities of free economic and small industrial zones of the Cabinet of Ministers of the Republic of Uzbekistan.

4. Determine that:

positions of the adviser for trade and economic questions of diplomatic representations of the Republic of Uzbekistan abroad and the permanent representative of the Republic of Uzbekistan at the international and foreign financial institutions are included into the nomenclature of the State committee of the Republic of Uzbekistan on investments;

advisers for trade and economic questions are accountable in the activities to the State committee of the Republic of Uzbekistan on investments;

advisers for trade and economic questions and permanent representatives of the Republic of Uzbekistan at the international and foreign financial institutions are appointed and dismissed by the order of the chairman of the State committee of the Republic of Uzbekistan on investments in coordination with the Cabinet of Ministers of the Republic of Uzbekistan;

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