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Procedure of investment Arrangements 2019

Investment arrangements have been concluded between the Government of the Republic of Uzbekistan and foreign exchange in each event of awarding some extra incentives and rights.

Investment arrangements together with all the overseas investors are Reasoned and fulfilled in agreement with the recognized by the law procedure.

Supplemental guarantees and measures of security (privileges) have been devoted to foreign investors in each case of investment :
— priority divisions providing stable financial growth, innovative structural fluctuations in a federal market;
— priority endeavors providing growth of sites like and strengthening of industrial and also an export possibility for their republic;
— projects within the world of business which execution is directed in raw material processing, and fabrication of consumer goods and services, maintenance of job of the populace.

A investment arrangement will be finished with an opinion to Ensure satisfaction of duties by the foreign creditors allowed additional warranties and protective measures (rights ).

Investment arrangement stipulates faith, obligations and Responsibility of topics of entrepreneurial activity regarding items of payoff activity.

The Expenditure agreement has been concluded between the Government of the Republic of Uzbekistan at anyone of this Ministry of foreign economic relations, trade and investments from the Republic of Uzbekistan and foreign investor.

The investment arrangement is completed without any neglect . The event of awarding foreign exchange by the Authorities of the Republic of Uzbekistan together with measures and guarantees of security additional to all those stipulated by the law.

Such measures and guarantees of security (privileges) can sometimes comprise warranties of Government of Republic of Uzbekistan, for example as for instance production special habit, payment and tax plan, establishment of their governmental tracking on investment projects’ execution, assistance in investment projects’ finances, their addition in to their state investment program in line with regulations of Republic Uzbekistan and .

Investment arrangement should contain advice on:

— thing and quantity of investments;

— provisions and duration of validity of investment arrangement;

— that the investor’s obligations and rights, such as Those regarding: a level of financing, ensuring that a certain amount of production, ensured amount of localization of production and product’s caliber, a level of export of products and services of production, ensuring repayment of credits stretched against political warranty, observance of xnxx their law within the sphere of protection of environment, resources conservation, and labour regulation and security measures, in addition to some other lines of production actions;

— both the obligations and rights of the Federal Government of That the Republic of Uzbekistan, for example obligations and rights on awarding of warranties and protective measures in addition to all those stipulated by the law;

— Info about duration of preparation of layout Quotes, completion of arrangements for contractor’s job, sources of finances, calendar of satisfaction of this undertaking, an operation for technical oversight of this plan of satisfaction of investment endeavor;

— terms and procedure of demonstration by the overseas exchange of accounts on the Plan of satisfaction of the duties;

— duty of those celebrations for Nonobservance of terms of this investment arrangement;

— process of introduction of alterations;

— conclusion process;

— procedure of this sanctions’ application and also an area of consideration of these disputes arose beneath the investment agreement.

Based on particular character of investment endeavor, it might contain other conditions given the Following:

— mutual responsibilities of these celebrations on the Growth of the creation and societal arrangement of this area;

— that the investor’s best to export from the Republic of Uzbekistan of the two products Owned by him generated, Due to satisfaction of this arrangement and gain (earnings ) obtained;

— duties of this overseas investor on employing and Practice of work by the amount of unprocessed areas of the Republic of Uzbekistan, terms of utilization of technologies, in addition to duties of the foreign individual on training of workers of their based organization after conclusion of investment project’s execution.

For preparation of this investment arrangement the Foreign investor reflects into the Ministry of foreign economic relations, trade and investments from the Republic of Uzbekistan:

— draft of this investment arrangement;

— fundamental economic parameters fulfilled Based on Technical and financial calculation (feasibility analysis of this investment project), that includes encountered scrutiny with all the licensed bodies in most cases stipulated by regulations;

— completion issued by the Ministry of Justice — seeing lawful evaluation of this draft investment arrangement;

— decisions of the Ministry of fund, the Ministry of economics along with their state tax committee — about awarding of tax rights and rights to foreign investors (or) newly created venture with an talk of foreign investments in addition to all those stipulated by the law.

If needed, Ministry of overseas economic relations, Trade and investments from the Republic of Uzbekistan can ask from the foreign exchange additional info on estimation of their draft financial commitment agreement.

The draft Expenditure arrangement and also other added Records presented with the foreign investor have been thought by the licensed bodies within 14 (fourteen) business days by the current draft financial commitment agreement was received.

If Necessary, using a view to organize provisions of The investment arrangement involving the Ministry of foreign economic relations, trade and investments from the Republic of Uzbekistan and the foreign investor (investors) discussions are continued.

Signed by the overseas investor as well as the Ministry of Foreign economic relations, trade and investments from the Republic of Uzbekistan the expenditure agreement, is filed by the latter into the Cabinet of Ministers of the Republic of Uzbekistan for carrying a relevant decision on its endorsement by the Federal Government.

In the event in which the investment arrangement stipulates Awarding of taxation and customs rights and further preferences, such agreement is approved in compliance with established procedure.

The investment arrangement with all the overseas investor Has force from the day when choice its own approval was taken unless otherwise specified by the provided choice.

The foreign investor will distribute, in Maintaining The task and within an expression stipulated in the investment agreement, Reports on a plan of satisfaction of undertaken duties to the Ministry of foreign economic relations, trade and investments. The Latter exercises control over satisfaction by the foreign exchange of this Duties given in the investment agreement.

Extended session of the Cabinet of Ministers took place in Tashkent

Extended session of the Cabinet of Ministers happens in Tashkent The Cabinet of Ministers of the Republic of Uzbekistan rallied to get an elongated interview on January 15 to focus on the results of socioeconomic development from the nation at 2015 and the significant priorities of financial schedule for the calendar year 2016.

President of the Republic of Uzbekistan Islam Karimov presented a keynote speech at the semester.

The mind of the nation noted that inspite of the continuing world economic and financial meltdown, sustainable and stable high levels of monetary growth and macro economic balance are achieved as a consequence of systemic and consistent execution of key priorities of their financial program for 2015 as well as App on ensuring profound structural transformations, dependable security of their interests of property and smallbusiness,.

He asserted that the accomplishments and prospects of financial evolution of the nation, exceptionally recognized by authoritative international economic and financial associations and thinktanks, yet more confirm the higher efficacy and success of their preferred development plan, recognized on the planet since»that the Uzbek version» of reforms. In accord with the record of this World Economic Forum, Uzbekistan is amongst the five states with the fastest developing markets on earth predicated on development impacts for 2014 2015 and predictions for 2016 2017.

The gross domestic product of the united states at 2015 climbed by 8 per cent, production of industrial goods rose by 8 percent, while the majority of agricultural products totaled by nearly 7 per cent, construction and building functions nearly 18 percent. The federal budget has been implemented with excess at 0.1 percentage of their GDP. The surplus in foreign exchange turnover was secured. The inflation rate have not surpassed prediction parameters.

A pair of systemic measures in radical change of ownership arrangement, diminishing the existence of their nation in market, altering the fundamentals and procedures of corporate direction was realized. Contemporary management arrangements are introduced in every joint stock firms.

A parcel of legislation strengthening the promises and security of legal rights of private owners and owners, on simplifying and easing production and performance of entrepreneurship issues via Unitary focuses around providing public agencies (one-stop-shops) hasbeen embraced. As a result of taken measures, the talk of business from gross domestic product has climbed to 56,7 percentage or 1,8 days in contrast to this year 2000.

Active implementation of investment and measures endeavors on atomic transformations, modernization, technological and technical renovation of systems, in addition to creation of contemporary infrastructure guaranteed disbursement of investments such as 15,8 bln. US dollars 9,5 per cent more than at 2014. Over 3,3 bln. US dollars or 21 percentage of overall investments had been foreign trades, which 73 percent were direct foreign investments. The spheres, oriented towards production of exceptionally technological concluded goods have demonstrated speedy development. 158 large production centers are commissioned.

The agricultural industry was experiencing profound structural alterations. A rich crop of more than 7 mln. 500 million tons of grain and also more than 3 mln. 350 million tons of cotton was grown. Fresh fruit and vegetable growth, horticulture, viticulture, animal husbandry, in addition to industrial transport of their baits are developing.

The services world in addition has demonstrated energetic growth. The quantity of paid services rose by 10,8 percentage, retail sales by over 15 per cent. The share of services sector in the gross domestic product has already reached 54,5percent when compared with 49 percent this season.

The banking system was strengthened, the capitalization amount of these banks was raised and also their investment activity has significantly widened. Total resources of the banking system has significantly risen by 23,3percent in contrast to this year 2014 and reached 7,8 trillion soums.

Comparatively high growth rates of the market and services industry have produced a business foundation for additional growth of individuals’ incomes, and improving the wellbeing of the populace. The wages of employees of funding businesses, pensions and pensions have significantly risen by 21,9%, overall actual income per capita — by 9,6 percent. The talk of earnings from entrepreneurial activity has significantly climbed to 52 percent in contrast to 47,1percent this season. Over 980 million jobs are established, which more than 60 percent in rural locations, over 480 million graduates of professional colleges are employed.

The State Program to»the season of care and attention the older creation» was implemented, which more than 2 billion 246 bln. soums and 225 mln. US dollars are led from assorted sources.

In his report, President Islam Karimov given an in depth and in depth analysis of their present un-addressed troubles and expounded in the policy endeavors aimed at farther afield, decreasing structural transformations and diversification of their market, in addition to the many significant priorities for 20-16.

The us government, ministries, other bureaus, economic institutions and hokimiyats of most levels got tasked with the adoption of all crucial measures specializing in continuing execution of initiated democratic reform and modernization of the nation, profound structural transformations, fir of most in the agricultural and industrial worlds, ensuring continuing balance, anticipatory protection and development of private land, entrepreneurship and business, accelerated development of engineering-communication and road infrastructure, and societal world, further increasing the wellbeing of the populace.

The most crucial activities were identified to dramatically increase competitiveness of their market, fortify aid of exporting ventures, allround stimulation of small farmers and businesses to export. A pair of further measures on wide introduction of contemporary communication and information technologies in the spheres of their market and revolutionary stride of production of this»Electronic government» system.

Special significance has been attached to ensuring that the understanding of policy measures to help the goals and activities with this particular season ascertained in accordance with its statement as the season of Healthy mum and child, for example measures to help strengthen the security system of their family, motherhood and childhood, consolidation and formation of material-technical base of human resources potential for perinatal and screening centres, nursing facilities, increasing the degree and quality of treatment of youthful mothers and kids, production of healthy spiritual environment while in your family.

Heads of Cabinet of Ministers complexes, ministries, other government agencies, associations and regional hokims talked to cover the problems on the schedule. The discussions at the government meeting decided that comprised practical measures to guarantee the understanding of key priorities at the financial program of this united states to its entire year 2016.

Uzbekistan attended Green Week 2019 in Berlin

German capital hosted “Green Week 2016”, the world’s largest annual international agricultural fair, as well as summit of ministers of agriculture. This year the exhibition attended by more than 1.730 companies and farms from 68 countries, including from Uzbekistan.

High-ranked persons, including 65 ministers of agriculture of foreign countries, 655 executives of agriculture-oriented and food industry companies took part in summit.

“Green Week” – is a largest space for showing latest achievements in agriculture, livestock, gardening and food manufacture.

The main attention focused on eco-friendly grown foodstuffs.

Within its framework, the symposiums, seminars, forums and other events with attendance of experts, top managers of leading concerns, companies and leaderships of agriculture and food industry administrations are traditionally organized. The exhibition received over 400 thousand visitors this year.

Official delegation of Uzbekistan at the head of Minister of foreign economic relations, investments and trade Mr. E. Ganiev attended opening ceremony of the exhibition.

The Uzbek delegation held talks with ministers of agriculture and companies of various countries, as well as participated in conferences and seminars on topical agricultural issues.

The Association of food industries, Uzvinosanoat-Holding company, Uzdonmahsulot JSC, a number of foreign trade companies, Farmers Association and farms represented Uzbekistan in this prestigious international fair.

Full-scale exposition of Uzbekistan with total area of 180 square meters aroused a great interest of specialists and exhibition visitors. There were presented wide range of green fruits, vegetables, melons and gourds, dried fruits, oil-fat and winemaking goods, spices and flavors, as well as products of processed fruit and vegetables – juices, jams, various canned foods and textiles.

Within attendance exhibition, presentation of economic and agricultural potential of Uzbekistan organized with participation of more than 1.200 delegates from German companies. Attendees were informed on current economic development of the country, measures that taken in order to update, technologic and technical re-equipment of industries, further improvement of business environment, priority ways of investment cooperation, including within the framework of special industrial zones.

On the outcomes of exhibition, contracts for export of fruit and vegetables, as well as textiles to European countries worth over 90 million USD signed.

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