Tue 11 2015 09:55:10

Tashkent, Uzbekistan (UzDaily.com) -- Abdullajon Khamrokulov, Member of UzLiDeP faction at the Legislative Chamber of Oliy Majlis of Uzbekistan

One of the main priorities of UzLiDeP program is to attract investments, especially foreign ones into the economy of Uzbekistan to make Uzbek economy more competitive.

In this regard, the International investment forum which took place in Tashkent under the initiative of President of the Republic of Uzbekistan Islam Karimov revealed the economic and investment potential of Uzbekistan, the established privileges and preferences for foreign investors. Special attention was paid to the measures taken in the framework of current policies and practices on privatization. Thus, during the last 20 years in Uzbekistan more than 31 thousand objects were transferred to private domestic and foreign companies that have specific results of denationalization and privatization.

The most promising investment opportunities are in the fuel-energy and machine-building complexes of the republic, in the sphere of consumer goods production, promising areas for foreign investment in the ICT sector, tourism industry, and other sectors of Uzbekistan’s economy.

For its part, UzLiDeP protects the interests of its electorate and stands for increasing the role and place of private ownership in the economy, eliminating barriers and providing them complete freedom for their fast development. UzLiDeP believes that solve these problems will lead to economic growth and the well-being of the people.

Murodullo Tursunov, Member of UzLiDeP faction at the Legislative Chamber of Oliy Majlis of Uzbekistan

At the International investment forum which took place in Tashkent at the initiative of President of the Republic of Uzbekistan Islam Karimov, the special attention was paid to the programs on privatization of state property. The essence of these programs is to sell them to strategic foreign investors capable of ensuring modernization and technological renewal of production, manufacturing of goods competitive in both domestic and external markets, as well as introduction of modern corporate governance practices, which are fully supported by UzLiDeP.

It should be noted that Uzbekistan has created the necessary legal framework and infrastructure for the effective functioning of joint stock companies. In particular, the Decree of the President of the Republic of Uzbekistan “On measures to introduce modern corporate management methods in joint-stock companies”, “On measures to increase the share and role of private property in the economy”, “On securities market” and other more than 60 normative-legal acts have created even wider opportunities for attracting foreign investments, increasing effectiveness of joint-stock companies, deepening privatization processes.

UzLiDeP will further support to develop and implement of new investment projects and reduce tax and customs duties of import equipment, materials and components that are not produced in Uzbekistan as well as UzLiDeP faction will improve legislation for the creation of a strong class of private owners.

Sohibjon Ismailov, Member of UzLiDeP faction at the Legislative Chamber of Oliy Majlis of Uzbekistan

The issues which were discussed at the international investment forum are the main priority for our electorate. Thus, economic reforms and the development of market mechanisms in Uzbekistan aimed at changing the structure of ownership.

The Law “On denationalization and privatization” has created the legal framework of privatization. However, currently, the norms governing the procedural issues of privatization, contains more than 80 documents, so the introduction of new mechanisms of privatization required the development of a number of normative-legal acts, specifying the provisions of the existing law which provides equal access to privatization for all categories of potential investors, openness and transparency of transactions and protection of property rights.

A special place occupies the Decree of the President of the Republic of Uzbekistan “On measures to ensure reliable protection of private property, small business and private entrepreneurship, remove barriers to their rapid development” from May 15, 2015, Decree of the President from April 28, 2015 “On measures to increase the proportion of the value of private property and the economy”, which provide a radical reduction of state presence in the real economy.

UzLiDeP will further improve the national legislation in the interests of its electorate for enhancing of the investment potential of our country, modernization and technological renewal of production, the organization of competitive production, as well as introduction of modern methods of corporate governance.

Furkat Qalandarov, Head of private enterprise “Berk”, activist of UzLiDeP

According to experts, one of the main priorities of state economic policy is to reduce of state involvement in the economy. The country has formed a favorable investment climate, created a strong legal framework guaranteeing the protection of the rights and interests of foreign investors, as well as the system of privileges and preferences for enterprises with foreign investment.

We are as private entrepreneurs and electorates of UzLiDeP consider that the International investment forum has allowed us to develop and strengthen of business ties with foreign partners and open up new export opportunities. As a result of it, more than 100 agreements and memoranda worth $12.4 billion have been signed.

 
 

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