17 October 2019

00:00:00 (GMT+5)

Tashkent +12,8 °C

18 Apr  2019 952

Tashkent prepares for the first Council of Foreign Investors meeting

As part of it, an intermediate session of the Council was held with the participation of representatives of the largest foreign manufacturing and consulting companies and international organizations. The Ministry of Investments and Foreign Trade of Uzbekistan and the EBDR organized the event.

Opening the session, Alkis Drakinos, EBRD Head of Uzbekistan, said that these days would make a history expanding investment opportunities of Uzbekistan and creating a new plane of communication between the state and investors.

Sardor Umurzakov, Minister of Investments and Foreign Trade, speaking about the role of the Council of Foreign Investors, stressed that attracting foreign direct investment is vital not only in terms of capital, but as a struggle for innovation, markets, technologies, brands, effective corporate governance methods, quotes the PR-center of the Ministry of Investment and Foreign Trade. The minister outlined the improvement of the legislative base of Uzbekistan, the creation of a comfortable tax administration regime and the developing relationships between government agencies and investors as the main tasks to improve the business climate in the republic.

During the session, investors had the opportunity to designate their own positions on the issues of coordinating investment activities, protecting foreign capital and the role of the state in regulating these processes, while noting the expediency of optimizing individual procedures for monitoring project implementation. All proposals will be taken into account when forming the agenda of the first meeting of the Foreign Investors Council.

Noteworthy, the Council of Foreign Investors is organized on the initiative of President Shavkat Mirziyoyev for the development of a favorable, transparent, non-discriminatory and constructive business environment.

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