28 March 2023

Issues in the field of investments, exports and international cooperation were discussed

On March 27, President Shavkat Mirziyoyev held a meeting on investment, exports and international cooperation. This was reported by the press service of the head of our state.

Thanks to the favorable business environment in our country, the number of foreign enterprises has increased from 5,000 to 16,000 in recent years. Foreign direct investment is attracted to almost every region and city.

In five years, the number of exporting enterprises has increased from 4.5 thousand to 7.2 thousand. The range of exported products also expanded from 1.5 thousand to almost 3 thousand, and the geography of export – from 139 to 164 countries. The export of finished products doubled, and its share in the export structure increased from 50 to 65 percent.

In continuation of this work, it is planned to use about $11 billion of foreign direct investment this year. 12,000 new projects worth $23 billion will be launched in the regions, including more than 3,000 large and medium-sized production facilities.

Now it is necessary to implement them for the benefit of our people.

At the meeting, responsible persons reported on the ongoing work in this direction. It was noted that since the beginning of the year, $764 million of foreign investment has been disbursed, 1.3 thousand large and medium projects have been launched. Exports amounted to 3 billion dollars.

The head of our state stressed the insufficiency of these results and pointed out the need to make twice as much effort, especially against the backdrop of the difficult situation that has developed in the world.

So, every day more and more acute are the issues of logistics for the delivery of equipment to the country and the export of domestic products to foreign markets. In addition, it is becoming increasingly difficult to attract foreign investment. The issues of providing projects with infrastructure are topical.

In this regard, the President stressed the need to monitor the implementation of projects on a daily basis in the context of regions and industries, and promptly resolve emerging problems. It was noted that as a result of the implementation of 304 large and 3,000 regional projects, this year it is possible to produce products worth 10 trillion soums and export for 200 million dollars.

Instructions were given to constantly analyze foreign markets, to seek opportunities for the rapid development of new markets and new transport corridors. It is noted that in the face of increasing competition it is important to improve product quality and reduce its cost.

It was instructed to introduce a system of financing projects aimed at the localization of high-tech products and value-added goods, the creation of an Industrial Policy Research Center at the Ministry of Investment, Industry and Trade.