28 February 2023

The webinar on the topic “Uzbekistan 2023: Prospects for the economy and investment activity” was held in Tashkent

On February 27 this year, an online webinar “Uzbekistan 2023: Prospects for the economy and investment activities” was held, organized by the European-Uzbek Association for Economic Cooperation (EUROUZ) in partnership with state and international financial institutions, key European chambers of commerce and business associations, the press service of MIIT reports. The representatives of more than 280 European companies have registered to participate in the webinar.

The speakers of the webinar were: Sarvar Khamidov – Deputy Minister of Investments, Industry and Trade of the Republic of Uzbekistan; Charlotte Adrian – Head of the Delegation of the European Union in the Republic of Uzbekistan; Nele Eichhorn – Head of the Division of the Directorate General for Trade of the European Commission; Eric Livni – Leading Regional Economist at the European Bank for Reconstruction and Development (EBRD); Begzod Jalilov – Senior Economist at the Resident Mission of Uzbekistan at the Asian Development Bank (ADB); Murat Mirzaev – Director of the Investment Promotion Agency under the Ministry of Investments, Industry and Trade of the Republic of Uzbekistan.

In his speech, the speaker from MIIT introduced the participants to the latest administrative reforms in Uzbekistan, which contribute to improving the efficiency of public administration and ensuring the transparency of the national tax system. The high level of relations and the positive dynamics of cooperation with the European Union, which are based on a number of important agreements between the EU and Uzbekistan, were emphasized.

The speakers also noted the economic achievements of our country and the measures taken to support mutually beneficial relations between business circles. The role of the EU in obtaining the status of GSP + for our country, supporting Uzbekistan’s accession to the WTO and interaction between the European Union and Central Asia was emphasized.

The reports of regional economists of the EBRD and ADB were heard, who considered the key challenges and opportunities for the development of Uzbekistan in 2023, as well as the prospects that open up for the country as a result of the reforms carried out over the past 5 years. In particular, favorable conditions have been created for the greater development of such industries as mechanical engineering, electronics and agriculture, which in turn contributed to an increase in foreign trade turnover.

The readiness of the Investment Promotion Agency was expressed to support potential local and international investors and continue to interact with the EU Commission in order to increase the investment attractiveness of Uzbekistan.

For reference: The European-Uzbek Association for Economic Cooperation (EUROUZ) is an officially recognized European non-profit association, fully funded by membership fees, with headquarters in Brussels and an office in Tashkent. EUROUZ is an international business association and European chamber of commerce in Uzbekistan, providing comprehensive support to its members to identify their target market, establish strong business ties and ensure dialogue between the state and business.