On March 6 this year, Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov took part in the launching ceremony of the project "Roadmap for Sustainable Reform of Investment Policy in Uzbekistan" held in Tashkent. The project is being implemented with the participation of the Asian Development Bank (ADB), the European Union, the Organization for Economic Cooperation and Development (OECD).
The event was also attended by Charlotte Adrian, Ambassador of the European Union to the Republic of Uzbekistan, Kanokpan Lao-Araya, Director of the ADB office in Uzbekistan, experts from OECD, IFC (International Finance Corporation), ADB, Foreign Investors Council under the President of the Republic of Uzbekistan.

Background: At the request of the Government of Uzbekistan and with financial support from the European Union and ADB, the OECD, together with ADB, is implementing a project to assess and analyze the investment climate, the effectiveness of foreign direct investment (FDI) and its impact on sustainable development, and the trade-investment nexus. It will also analyze the impact of FDI on value chains, infrastructure development, explore opportunities to expand investment flows in green development and digitalization, the effectiveness of incentives and preferences, and other areas.

Delivering a welcoming speech, Laziz Kudratov noted the results of large-scale work carried out in Uzbekistan in the framework of improving the investment climate and ensuring the protection of investors' interests.

As expected, the results of the research will be a scientifically based analysis and individual recommendations on improving the investment climate, supporting the implementation of reforms and maximizing the impact of foreign direct investment on the country's economic development in the long term.

In particular, the project will allow our country to improve its position in the investment attractiveness index, join the OECD declaration "On International Investments and Multinational Enterprises" and harmonize the legal framework in the field of investments with the implementation of the best practices of the OECD countries.

A working group of responsible ministries and agencies, including the Ministry of Investment, Industry and Trade, the Ministry of Economy and Finance, the Ministry of Energy, the Ministry of Environment, the Ministry of Agriculture and the Statistics Agency, will be organized to implement the project.

📅 22.06.2024