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Uzbekistan takes a leading position among Central Asian countries in terms of the degree of openness of the economy to foreign direct investment

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Uzbekistan takes a leading position among Central Asian countries in terms of the degree of openness of the economy to foreign direct investment

On September 23 this year, a regional webinar of the Organisation for Economic Co-operation and Development (OECD) was held on “Improving the legal environment for business in Central Asia”. It was attended by members of governments, heads of ministries and agencies of investment and trading blocs of the region’s countries, as well as heads of EU missions and international financial institutions.

The webinar was divided into a number of thematic discussions, one of which was the general conditions for investment and trade in Central Asia. Within the framework of this discussion, the results of the assessment of the legal environment of entrepreneurship and investment activities in the region, carried out by OECD experts, were discussed.
Uzbekistan was represented at the event by Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov. He noted the importance of expanding mutually beneficial cooperation between the countries of the region with the practical assistance of the OECD.
Discussions were also held on certain aspects of investment activity, trade and improving the legal environment in entrepreneurship.
Following the event, the conference participants expressed their strong interest in further implementation of joint projects with the OECD and the EU aimed at improving the legal environment for small and medium-sized business, developing mutual trade, as well as further increasing the export potential of Central Asia.

UzA