Intermediate session of the Council of Foreign Investors was held
Business
On August 29 this year, the International Hotel Tashkent hosted a regular Intermediate Session of the Council of Foreign Investors (FIC) under the President of the Republic of Uzbekistan, which was attended by over 150 heads of leading foreign investment companies, diplomatic missions, ministries and departments, representatives of international financial institutions (IFIs) .
Within the framework of the session, a discussion was held on the practical aspects of the implementation of investment activities in Uzbekistan, issues and proposals voiced during the meetings held by the FDI Working Group with leading investors operating in Uzbekistan were considered. In addition, global investment trends and main directions were considered, and an assessment was made of Uzbekistan's comprehensive efforts to improve the business climate in the country.
Among the speakers are the Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov, Head of the EBRD Office in Uzbekistan Alkis Drakinos, representatives of the International Finance Corporation (IFC), PwC Uzbekistan and others.
In his welcoming speech, Laziz Kudratov noted Uzbekistan's commitment to consistently improving the investment climate, systematic analysis and implementation of new benefits and preferences for investors based on its results, strengthening measures for their targeted support, changing the culture of relationships in society, where the interests of the investor and entrepreneur are put at the forefront. . With a widening investment gap in many developing countries, the importance of Uzbekistan's ongoing reforms, investment climate and progressive trade policy have only enhanced its status as an attractive destination for promising investors.
Thus, the participants' attention was focused on the active efforts of Uzbekistan to revise investment legislation, intensify privatization processes, encourage public-private partnerships and stimulate green economy initiatives.
Separately, the intensification of work on joining the World Trade Organization (WTO) was noted, which also indicates a commitment to global standards and the ethics of international cooperation. The openness of Uzbekistan's foreign policy and the active introduction of trade preferences are reflected in the growth of the image of the country, which implements a diversified and sustainable economic concept.
During the session, the practical aspects of the Law on Investments, positive innovations in tax administration, the introduction of the Single Electronic Window platform for working with investors were discussed, and the project of the Tashkent International Financial Center was presented.
As a result of the event, the Protocol of the Intermediate Session of the Council of Investors was signed, which included systemic proposals for improving the investment environment in Uzbekistan. In addition, an Agreement on Cooperation with the International Finance Corporation was adopted, aimed at providing technical and advisory support to improve national legislation.
Among the speakers are the Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov, Head of the EBRD Office in Uzbekistan Alkis Drakinos, representatives of the International Finance Corporation (IFC), PwC Uzbekistan and others.
In his welcoming speech, Laziz Kudratov noted Uzbekistan's commitment to consistently improving the investment climate, systematic analysis and implementation of new benefits and preferences for investors based on its results, strengthening measures for their targeted support, changing the culture of relationships in society, where the interests of the investor and entrepreneur are put at the forefront. . With a widening investment gap in many developing countries, the importance of Uzbekistan's ongoing reforms, investment climate and progressive trade policy have only enhanced its status as an attractive destination for promising investors.
Thus, the participants' attention was focused on the active efforts of Uzbekistan to revise investment legislation, intensify privatization processes, encourage public-private partnerships and stimulate green economy initiatives.
Separately, the intensification of work on joining the World Trade Organization (WTO) was noted, which also indicates a commitment to global standards and the ethics of international cooperation. The openness of Uzbekistan's foreign policy and the active introduction of trade preferences are reflected in the growth of the image of the country, which implements a diversified and sustainable economic concept.
During the session, the practical aspects of the Law on Investments, positive innovations in tax administration, the introduction of the Single Electronic Window platform for working with investors were discussed, and the project of the Tashkent International Financial Center was presented.
As a result of the event, the Protocol of the Intermediate Session of the Council of Investors was signed, which included systemic proposals for improving the investment environment in Uzbekistan. In addition, an Agreement on Cooperation with the International Finance Corporation was adopted, aimed at providing technical and advisory support to improve national legislation.
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