On January 28, 2019 the President signed a decree establishing the Ministry of Investment andforeign trade of the Republic of Uzbekistan by merging the State Committee for investment and Ministry of Foreign Trade.
The new ministry is being created in order to ensure the broad attraction of foreign investment and increase the efficiency of the organization of work on the development of foreign trade activities of the republic.
Under the Ministry of Investment and Foreign Trade formed:
The ministry will perform the functions of a working body for the effective use of unused production facilities, as well as for the development of investment projects (“road maps”) to restore the production activities of objects of private entrepreneurship.
Before June 1, the President instructed to introduce interactive investment map of Uzbekistan , reflecting the production potential and each region’s demand for volume of investments, with indicating specific projects with preliminary calculations and other information of interest to potential investors.
Also for three months, measures will be taken to create abroad distribution centers on the basis of public-private partnership for the organization of systemic deliveries of export products for the purpose of their subsequent sale in regional markets.