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Finance 26/04/2013 Senate hosts workshop on attracting investments
Senate hosts workshop on attracting investments
Tashkent, Uzbekistan (UzDaily.com) -- Senate of Oliy Majlis of Uzbekistan held a workshop “Issues of ensuring efficiency and effectiveness of parliamentary and deputy control over execution of laws in investments spheres and implementation of approved project” on 25 April 2013.

Senators, MPs, representatives of local councils, scholars, representatives of ministries and departments participated at the workshop.

The participants underlined that strategy on deepening market reforms and liberalizing economy became key factor for forming favourable investment climate and growth of foreign investments. The laws “On foreign investments” and “On guarantees and measures on protection of rights of foreign invetsors” serve as legal base in implementation of investment policy in Uzbekistan.

Uzbekistan adopted several additional legal acts directed at further improving investment attractiveness of the country. In last ten years, the volume of investments into Uzbek economy rose 3.2 times, foreign direct investments – over 20 times.

In 2005-2012, enterprises with foreign investments produced goods for 1.1 trillion soums. Creation of special industrial zones Navoi, Angren and Jizzakh was logical continuation of reforms.

Senate, Legislative Chamber, local council and their committees and commissions are holding regular parliamentary control over execution of laws on investments. In particular, Senate held parliamentary hearings on work of the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan on attracting foreign investments into regions of Uzbekistan.

At the workshop, the participants considered issues of control over execution of adopted decisions, increasing requirement to officials on dissemination of information investment environment in Uzbekistan, assisting foreign investors, etc.

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