Tashkent’s International Business Center hosted a presentation “Legislative acts on improvement of investment climate in Uzbekistan and perspectives of investment cooperation”.

Business and diplomatic circles, representatives of enterprises with foreign investments, operating in Uzbekistan, international organizations participated at the event.

It was said that Uzbekistan formed favourable investment climate and legislation created system of guarantees, preferences and benefits for foreign investors and enterprises with foreign capital.

The meeting said that currently over 4,200 enterprises with foreign investments are operating in Uzbekistan in key areas of economy. Annually Uzbekistan attracts over US$3 billion of investments, about 26.6% are foreign direct investments.

As it was said in recent decree of the Uzbek President “On additional measures on attracting foreign direct investments” there is need to adopt additional measures on creating of favourable investment climate and attracting foreign investment to implementation of modernization and re-equipment projects due to global crisis and rigid completion in global and regional investment markets.

Changes introduced to legislation in line with above-mentioned decree will help for further strengthening system of guarantees and preferences for foreign investors and enterprises with foreign capital, as well as boost inflow of foreign investment and technologies.

The presentation was directed at familiarizing foreign businesses, international organizations and others with those guarantees, preferences and benefits created in Uzbekistan. Participants familiarized with investment opportunities at Navoi and Angren industrial zones, chemical, electrotechnical, automobile, textile and other industries. (Source: UzDaily.com)