27.03.2023

On March 27, President Shavkat Mirziyoyev held a meeting on investment, exports and international cooperation issues.

Thanks to the favorable business environment in our country, the number of foreign enterprises has increased from 5 thousand to 16 thousand in recent years. The direct foreign investments are attracted to almost every district and city.

The number of enterprises-exporters has increased from 4,5 thousand to 7,2 thousand over the last five years. The range of exported products has also expanded from 1,5 thousand to almost 3 thousand and the export geography from 139 to 164 countries. The export of finished products has doubled and their share in the export structure has risen from 50% to 65%.

As a follow-up to this work, around $11 billion of direct foreign investments are planned to be attracted this year. In the regions, 12 thousand new projects worth $23 billion, including more than 3 thousand of them with large and medium-sized production capacities, will be launched.

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

At the meeting, the responsible officials reported on the work being undertaken in this direction. It was noted that $764 million of foreign investments have been utilized since the beginning of the year, 1,3 thousand large and medium-sized projects have been launched. The exports totaled $3 billion.

The President stressed the insufficiency of these results and emphasized the need to double the efforts, particularly amid the current difficult situation in the world.

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

In this regard, the President underscored the need to monitor the implementation of projects on a daily basis in terms of regions and industries, and to promptly tackle emerging problems. It was stressed that the implementation of 304 major and 3 thousand regional projects this year may produce goods worth 10 trillion Uzbek soums and exports worth $200 million.

It was instructed to constantly analyze foreign markets, look for opportunities for rapid development of new markets and new transport corridors. It was noted that amid growing competition, it is important to improve the quality of goods and reduce their cost.

It was tasked to introduce a system of financing projects aimed at the localization of high-tech products and value added goods, as well as to create a Center for Industrial Policy Research at the Ministry of Investment, Industry and Trade.