A favorable environment for investors has been created in Uzbekistan, there is an effective system for protecting the rights of investors, said the Minister of Investments and Foreign Trade of Uzbekistan, Jamshid Khodzhaev, UzA reports.
Since 2017, the volume of foreign direct investment in Uzbekistan has increased by 2.5 times and amounted to $8.6 billion. Import duties on almost 8,000 types of goods have decreased. 70 types of business licenses and 34 different types of permits have been cancelled. The procedure for registering new business entities has been simplified. Land plots are provided through online auctions.
In general, work will be actively continued to improve the legal framework to create a favorable investment environment, minister Khodjaev said.
CentralasianLIGHT.org
February 13, 2023