INFORMATION DIGEST OF PRESS OF UZBEKISTAN # 190 September 27, 2017

posted 8 Oct 2017, 05:31 by Webmaster Ambasciata

POLITICS

President of Uzbekistan met with Speaker of South Korea’s Parliament

Investments

A project on the construction of a new oil refinery in Jizzakh region has been underway.

BUSINESS CLIMATE

Uzbekistan: Business interests in priority

International cooperation

Forum of Uzbek and Russian businessmen

Foreign Ministry holds meeting with Permanent Secretary of Ministry of Foreign Affairs of GB

 

POLItiCs

President of Uzbekistan met with Speaker of South Korea’s Parliament

On September 26, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Speaker of the National Assembly of the Republic of Korea Chung Sye-kyun.

The Head of our state warmly welcoming the guest, emphasized the important role of parliaments of the two countries in strengthening friendship and strategic partnership between Uzbekistan and South Korea, expanding traditionally close and multifaceted cooperation.

It was particularly noted that South Korea is one of the key and reliable partners of Uzbekistan. Today, contacts are intensively developing at various levels, both in a bilateral format and within the framework of international organizations.

Fruitful cooperation is developing with leading South Korean companies and banks on implementation of priority programs on diversification of industry and modernization of infrastructure in our country. At present, the portfolio of joint investment projects in various sectors of the economy exceeds more than 7 billion dollars.

Bilateral relations are expanding in scientific, technical, cultural and humanitarian spheres, medicine and education, as well as in the sphere of tourist exchange.

At the meeting, the importance of further strengthening partnership between the parliaments of the two countries and their profile committees, enhancing activities of parliamentary friendship and cooperation groups, organizing regular mutual visits and joint events in Uzbekistan and South Korea, was noted.

Particular attention was paid to issues of strengthening cooperation in promoting joint trade, economic, investment, cultural and humanitarian projects, as well as cooperation within the framework of international inter-parliamentary structures.

The Speaker of the National Assembly of the Republic of Korea highly appreciated and expressed support for the new stage of structural reforms implemented in Uzbekistan within the framework of the adopted Country Development Strategy.

Chung Sye-kyun, expressing deep gratitude for the warm welcome, conveyed sincere greetings and best wishes to the Head of our state Shavkat Mirziyoyev on behalf of the President of the Republic of Korea Moon Jae-in. The distinguished guest also noted that the leadership of South Korea expects an early visit of the President of the Republic of Uzbekistan to this country.

Chung Sye-kyun assured that by joint efforts the parliaments of the two countries will make a practical contribution to the preparation of the forthcoming summits and further deepening of bilateral relations of strategic partnership.

(Source: UzA)

investments

A project on the construction of a new oil refinery in Jizzakh region has been underway.

The project is highly relevant for the economy of Uzbekistan, and is aimed at production of a wide range of petroleum products in line with the latest international environmental and operational requirements.

The new complex promises ample opportunities. For example, it is advantageous that the raw materials will be supplied to the complex from the fields in Russia and Kazakhstan via a pipeline.

As known, one of the branches of the Omsk-Pavlodar- Shymkent oil pipeline stretches to the Jizzakh region. From there, a hundred kilometer pipeline will be connected to the complex, supplying the refinery with raw materials at minimal costs. Within the framework of the project, Kazakhstan partners will reconstruct a 168 kilometer section of the oil pipeline, build pumping stations and technical facilities.

The construction of the plant is carried out by one of the JSC Uzbekneftegaz structural divisions - JV Jizzakh Petroleum jointly with the general contractor Enter Engineering Ltd and its partners with extensive experience in the construction of industrial facilities of this kind.

The design workflow involves the leading international company Amec Foster Wheeler (UK), which is working on optimal plant configurations taking into account the advanced technologies of deep processing of hydrocarbon feedstock.

The marketing research involves two leading consulting British companies - Wood MacKenzie and Argus, as well as an American Nexant.

The commissioning of the Jizzakh oil refinery will provide more than 2,000 jobs. Moreover, each of them will give way to new jobs in related fields. The oil refining complex will become a major electricity consumer and a large consignor, giving an additional impetus to the development of the energy and transport sectors of the economy.

The company will produce 3.7 million tons of motor fuel corresponding to the Euro-5 standard, more than 700,000 tons of aviation kerosene, as well as liquefied gas, fuel oil, bitumen and other products through the processing of five million tons of oil per year.

Experts see the launch of the Jizzakh refinery as an important step in the further development of the country’s core industry. Its construction was launched by the head of our state on April 27, 2017.

(Source: «Uzbekistan Today» newspaper)

BUSINESS CLIMATE

Uzbekistan: Business interests in priority

Uzbekistan has been taking effective measures to provide more freedom to small businesses and private enterprises, and prevent illegal interference in their activities.

Development of small business and private entrepreneurship is seen as an important factor in ensuring the stability of our economy and people’s welfare. The importance that has been attached to the all-round protection of private property and the improvement of the business environment as a primary goal, is grounded on the desire to turn this sector into a reliable pillar for the development and prosperous life of our country.

The Presidential Decree ‘On the establishment of the institution of the Commissioner for Protection of Rights and Legal Interests of Business Entities under the President of the Republic of Uzbekistan’ of May 5, 2017, has brought the state policy in the field of entrepreneurship to a new, higher level. The institution of the Business Ombudsman has become an authorized body in this sector, and a new, extrajudicial mechanism for protecting the rights of entrepreneurs.

The regular meeting of the International Press Club, which was dedicated to the establishment of the institution of Business Ombudsman, thoroughly discussed this issue. The President’s Representative for the Protection of the Rights of Entrepreneurs Dilmurod Kasimov, the First Deputy Chairman of the Chamber of Commerce and Industry Islom Jasimov, the Deputy Minister of Justice Mahmud Istamov took the floor at the meeting. The event brought together representatives of ministries and departments, NGOs and the media.

At the meeting, the speakers dwelled upon the meaning and importance of the mentioned Presidential Decree and the Law ‘On the Commissioner for Protection of Rights and Legal Interests of Business Entities’, as well as on the conditions and opportunities for entrepreneurs.

It was noted that the Commissioner exercises his powers absolutely and independently of state bodies and their executives. He is appointed to office and relieved from the post by the head of state and is accountable to the President of Uzbekistan. This is an important ground for him to work solely under the Constitution and laws, provide an objective assessment of violations of the rights and legitimate interests of business entities based on the principles of justice, the rule of law and the priority of the rights of business entities, took strict measures to timely eliminate violations of the legislation, ensure the principle of the inevitability of punishment against all officials who committed violations of the law.

The Business Ombudsman is entitled to certain rights and powers to fulfill his mission. In particular, he will monitor the strict implementation of the legislation on observance of the rights and legitimate interests of business entities, monitor the legality of audits of their activities, make proposals for taking comprehensive measures to prevent unlawful interference in the activities of businessmen, request and receive from state bodies and organizations statistical and analytical data, conclusions and other information on the issues falling within his competence.

At the same time, it is stipulated that the Commissioner can notify officials of government agencies and other organizations in the written form, make representations to heads of state bodies and other organizations on eliminating the revealed violations of legislation, as well as the reasons and conditions that facilitated them.

He is entitled to appeal to the courts with applications and claims in support of the interests of business entities without paying a state fee, participate in the meetings of state bodies that cover the issues of protection of rights and legitimate interests of business entities.

The implementation of these rights and powers will create conditions for the continuous improvement of legislation in this area with an eye to proposals and inquiries of entrepreneurs, for a comprehensive analysis of existing problems, law enforcement practice, and provide a ground for taking all appropriate measures to make the legislation more effective. Most importantly, it will facilitate the immediate elimination of illegal interference in the activities of business entities, including all sorts of unreasonable audits, taking effective measures to prevent any manifestation of violations of their rights and legitimate interests, help to expand the opportunities for effective use of mechanisms of rehabilitation of their violated rights, also through the courts.

In accordance with the law ‘On the Commissioner under the President of the Republic of Uzbekistan for the Protection of Rights and Legal Interests of Business Entities’, the key objectives and missions of the Commissioner for Protection of the Rights of Entrepreneurs come to the involvement in the formation and pursuance of state policy in business development, monitoring the compliance of state bodies with the rights of entrepreneurs, provision of legal support in the course of audits, study of practical implementation of regulations and requirements of the legislation with regard to the guarantees of freedom of entrepreneurship legislation, as well as evaluation of the impact of the adopted regulatory legal acts on business activities, preparation of proposals on improvement of legislation aimed at strengthening legal guarantees for entrepreneurs, and promotion of their development.

As reported by speakers and experts, the Commissioner met with nearly 5,000 entrepreneurs in Khorezm, Navoi and Bukhara regions in order to study the issues of concern of the businesses operating in the regions of the republic. During the meetings, the Ombudsman addressed problems of over 50 businessmen. More than 100 appeals are currently under consideration. The Commissioner also studied the compliance of local authorities, supervisory and law enforcement agencies with the provisions of the legislation on guarantees of freedom for entrepreneurial activity.

Drafts of 21 memorandums on cooperation with state bodies, NGOs and other civil society institutions on the development of business entities and protection of their rights and interests have been developed and submitted for coordination with the relevant agencies.

Over 2,000 booklets were printed and distributed among entrepreneurs aiming to raise awareness of their rights during audits of supervisory authorities.

The establishment of the Commissioner for Protection of the Rights and Legal Interests of Business Entities under the President of the Republic of Uzbekistan, as noted at the IPC meeting, has created ample opportunities for ensuring the principle of priority of interests of entrepreneurs, who are considered as a ‘drive’ of the country’s economy, for strengthening of the effective dialogue between state bodies and business entities, and prevention of violation of their rights.

Chamber of Commerce and Industry of Uzbekistan has also been involved in the implementation of objectives of the Strategy of Action for Five Priority Development Areas of the Republic of Uzbekistan for 2017-2021, establishment of an effective dialogue between business representatives and government agencies, protection of the rights of entrepreneurs, improvement of the business and investment environment in the republic. The Presidential Decree ‘On fundamental improvement of the system of state protection of legitimate interests of businesses and further development of entrepreneurial activities’ of June 19, 2017 is an important guide to action in this field.

The speakers also reported about the ongoing work on the development of the Commissioner’s interaction with state and economic authorities on the protection of the rights and legitimate interests of entrepreneurs.

In his speech, the Commissioner for the Protection of Rights and Legal Interests of Business Entities Dilmurod Kasimov noted that the establishment of the institute of protection of the rights of entrepreneurs was initiated by the head of state. Similar institutions of the international scale were studied in the process of its establishment. A similar authority was pioneered in Sweden, where it exercised control over state bodies as part of implementation of the functions specified in legal documents. In the US, for instance, the business ombudsman acts as a link between entrepreneurs and federal bodies.

“Today, business ombudsmen operate in 50 countries. In Uzbekistan, the Commissioner acts as a bridge between state bodies and entrepreneurs, building a dialogue between them,” the speaker commented, pointing out to the fact that the business ombudsman here acts as an ‘advocate’ of entrepreneurs, protects their interests. His functions also include the analysis of their compliance with legislation, and provision of legal support.”

Answering questions of journalists, Dilmurod Kasimov noted that “land and loaning issues rank among the main challenges for entrepreneurs today. However, if we look back a decade ago, we can say with confidence that the legal literacy of today’s entrepreneurs has grown several fold. As for the problems, we try to find an approach to each and address them positively”.

In his speech, the CCI First Deputy Chairman Islom Jasimov told about the differences in the activities of the Chamber of Commerce and Industry, and the business ombudsman: “The Commissioner is primarily the defender of entrepreneurs. Another difference comes to the objectives and functions assigned to each of the two structures, as well as to the direction of their activities. In particular, the Chamber is a nongovernmental non-profit organization, and apart from legal protection of businesses, it is engaged in improvement of the investment climate, further training of businessmen, staff training and provision of foreign economic assistance”.

“The state has taken measures to ensure the legal, financial and economic freedom of entrepreneurs. Along with the Commissioner for Protection of the Rights of Business Entities, the government established national institutions to provide legal assistance to entrepreneurs, as well as specialized departments under the General Prosecutor’s Office, the Ministry of Justice, and the Chamber of Commerce and Industry. With their assistance, the state provides protection for business people,” the speaker said.

He also explained that the establishment of the Assistance and Service Centers for Entrepreneurs is the major function of the CCI. To date, they have been opened in 174 districts (towns) of the republic, and operate successfully.

Deputy Minister of Justice Mahmudjon Istamov emphasized that they work in close cooperation with the business ombudsman. The Ministry and the Commissioner signed a memorandum of cooperation. The business ombudsman, as mentioned above, is the institution of the Commissioner under the head of the state, and the Ministry of Justice is the executive body, that is, the structure within the Cabinet of Ministers.

However, there are remarkable differences. For example, a business ombudsman can review and examine the complaints that come from places of detention, and the Ministry of Justice does not have such powers.

Another important point comes to the interaction between entrepreneurs and the Ministry of Justice (from the beginning of their entrepreneurial activity to completion), that is, the issues of registration, obtaining a license, document processing.

Speaking about the Single Window Center, Mahmudjon Istamov noted that it was shifted to the system of the Ministry of Justice, and provides 22 types of public services. The program for 2018-2020 envisages opening of 103 types of public services. The latest international ratings (2017) prove that Uzbekistan ranks the 25 th in the implementation of business registration among 190 countries, and this is a positive attainment. There is a need to work on the improvement of the performance of registration of real estate, where our country ranks the 75th.

In addition, it is planned to create mobile Single Window Centers. One of them has already been established in the Chilanzar district of Tashkent. It has helped to identify about 30 entrepreneurs who are engaged in illegal activities. They were interviewed, and their activities have been legalized.

Answering journalists’ questions, the speaker said that Uzbekistan intends to change the system of granting benefits to foreign investors.

“The recently approved concept of the President of Uzbekistan defines the refusal to provide individual benefits as one of the mechanisms for the development of a competitive environment. This problem will be addressed in the process of implementation of this document. In particular, it provides for the waiver of individual benefits and preferences, in return, they will be distributed in the sectors,” he noted.

The speakers also answered the questions from journalists and businessmen about the procedure of consideration of applications, obtaining a loan from a bank, currency conversion, occupation of empty buildings, purchase of modern technologies, and others. Uzbekistan has been taking effective measures to provide more freedom to small businesses and private enterprises, and prevent illegal interference in their activities.

Development of small business and private entrepreneurship is seen as an important factor in ensuring the stability of our economy and people’s welfare. The importance that has been attached to the all-round protection of private property and the improvement of the business environment as a primary goal, is grounded on the desire to turn this sector into a reliable pillar for the development and prosperous life of our country.

The Presidential Decree ‘On the establishment of the institution of the Commissioner for Protection of Rights and Legal Interests of Business Entities under the President of the Republic of Uzbekistan’ of May 5, 2017, has brought the state policy in the field of entrepreneurship to a new, higher level. The institution of the Business Ombudsman has become an authorized body in this sector, and a new, extrajudicial mechanism for protecting the rights of entrepreneurs.

The regular meeting of the International Press Club, which was dedicated to the establishment of the institution of Business Ombudsman, thoroughly discussed this issue. The President’s Representative for the Protection of the Rights of Entrepreneurs Dilmurod Kasimov, the First Deputy Chairman of the Chamber of Commerce and Industry Islom Jasimov, the Deputy Minister of Justice Mahmud Istamov took the floor at the meeting. The event brought together representatives of ministries and departments, NGOs and the media.

At the meeting, the speakers dwelled upon the meaning and importance of the mentioned Presidential Decree and the Law ‘On the Commissioner for Protection of Rights and Legal Interests of Business Entities’, as well as on the conditions and opportunities for entrepreneurs.

It was noted that the Commissioner exercises his powers absolutely and independently of state bodies and their executives. He is appointed to office and relieved from the post by the head of state and is accountable to the President of Uzbekistan. This is an important ground for him to work solely under the Constitution and laws, provide an objective assessment of violations of the rights and legitimate interests of business entities based on the principles of justice, the rule of law and the priority of the rights of business entities, took strict measures to timely eliminate violations of the legislation, ensure the principle of the inevitability of punishment against all officials who committed violations of the law.

The Business Ombudsman is entitled to certain rights and powers to fulfill his mission. In particular, he will monitor the strict implementation of the legislation on observance of the rights and legitimate interests of business entities, monitor the legality of audits of their activities, make proposals for taking comprehensive measures to prevent unlawful interference in the activities of businessmen, request and receive from state bodies and organizations statistical and analytical data, conclusions and other information on the issues falling within his competence.

At the same time, it is stipulated that the Commissioner can notify officials of government agencies and other organizations in the written form, make representations to heads of state bodies and other organizations on eliminating the revealed violations of legislation, as well as the reasons and conditions that facilitated them.

He is entitled to appeal to the courts with applications and claims in support of the interests of business entities without paying a state fee, participate in the meetings of state bodies that cover the issues of protection of rights and legitimate interests of business entities.

The implementation of these rights and powers will create conditions for the continuous improvement of legislation in this area with an eye to proposals and inquiries of entrepreneurs, for a comprehensive analysis of existing problems, law enforcement practice, and provide a ground for taking all appropriate measures to make the legislation more effective. Most importantly, it will facilitate the immediate elimination of illegal interference in the activities of business entities, including all sorts of unreasonable audits, taking effective measures to prevent any manifestation of violations of their rights and legitimate interests, help to expand the opportunities for effective use of mechanisms of rehabilitation of their violated rights, also through the courts.

In accordance with the law ‘On the Commissioner under the President of the Republic of Uzbekistan for the Protection of Rights and Legal Interests of Business Entities’, the key objectives and missions of the Commissioner for Protection of the Rights of Entrepreneurs come to the involvement in the formation and pursuance of state policy in business development, monitoring the compliance of state bodies with the rights of entrepreneurs, provision of legal support in the course of audits, study of practical implementation of regulations and requirements of the legislation with regard to the guarantees of freedom of entrepreneurship legislation, as well as evaluation of the impact of the adopted regulatory legal acts on business activities, preparation of proposals on improvement of legislation aimed at strengthening legal guarantees for entrepreneurs, and promotion of their development.

As reported by speakers and experts, the Commissioner met with nearly 5,000 entrepreneurs in Khorezm, Navoi and Bukhara regions in order to study the issues of concern of the businesses operating in the regions of the republic. During the meetings, the Ombudsman addressed problems of over 50 businessmen. More than 100 appeals are currently under consideration. The Commissioner also studied the compliance of local authorities, supervisory and law enforcement agencies with the provisions of the legislation on guarantees of freedom for entrepreneurial activity.

Drafts of 21 memorandums on cooperation with state bodies, NGOs and other civil society institutions on the development of business entities and protection of their rights and interests have been developed and submitted for coordination with the relevant agencies.

Over 2,000 booklets were printed and distributed among entrepreneurs aiming to raise awareness of their rights during audits of supervisory authorities.

The establishment of the Commissioner for Protection of the Rights and Legal Interests of Business Entities under the President of the Republic of Uzbekistan, as noted at the IPC meeting, has created ample opportunities for ensuring the principle of priority of interests of entrepreneurs, who are considered as a ‘drive’ of the country’s economy, for strengthening of the effective dialogue between state bodies and business entities, and prevention of violation of their rights.

Chamber of Commerce and Industry of Uzbekistan has also been involved in the implementation of objectives of the Strategy of Action for Five Priority Development Areas of the Republic of Uzbekistan for 2017-2021, establishment of an effective dialogue between business representatives and government agencies, protection of the rights of entrepreneurs, improvement of the business and investment environment in the republic. The Presidential Decree ‘On fundamental improvement of the system of state protection of legitimate interests of businesses and further development of entrepreneurial activities’ of June 19, 2017 is an important guide to action in this field.

The speakers also reported about the ongoing work on the development of the Commissioner’s interaction with state and economic authorities on the protection of the rights and legitimate interests of entrepreneurs.

In his speech, the Commissioner for the Protection of Rights and Legal Interests of Business Entities Dilmurod Kasimov noted that the establishment of the institute of protection of the rights of entrepreneurs was initiated by the head of state. Similar institutions of the international scale were studied in the process of its establishment. A similar authority was pioneered in Sweden, where it exercised control over state bodies as part of implementation of the functions specified in legal documents. In the US, for instance, the business ombudsman acts as a link between entrepreneurs and federal bodies.

“Today, business ombudsmen operate in 50 countries. In Uzbekistan, the Commissioner acts as a bridge between state bodies and entrepreneurs, building a dialogue between them,” the speaker commented, pointing out to the fact that the business ombudsman here acts as an ‘advocate’ of entrepreneurs, protects their interests. His functions also include the analysis of their compliance with legislation, and provision of legal support.”

Answering questions of journalists, Dilmurod Kasimov noted that “land and loaning issues rank among the main challenges for entrepreneurs today. However, if we look back a decade ago, we can say with confidence that the legal literacy of today’s entrepreneurs has grown several fold. As for the problems, we try to find an approach to each and address them positively.”

In his speech, the CCI First Deputy Chairman Islom Jasimov told about the differences in the activities of the Chamber of Commerce and Industry, and the business ombudsman: “The Commissioner is primarily the defender of entrepreneurs. Another difference comes to the objectives and functions assigned to each of the two structures, as well as to the direction of their activities. In particular, the Chamber is a nongovernmental non-profit organization, and apart from legal protection of businesses, it is engaged in improvement of the investment climate, further training of businessmen, staff training and provision of foreign economic assistance”.

“The state has taken measures to ensure the legal, financial and economic freedom of entrepreneurs. Along with the Commissioner for Protection of the Rights of Business Entities, the government established national institutions to provide legal assistance to entrepreneurs, as well as specialized departments under the General Prosecutor’s Office, the Ministry of Justice, and the Chamber of Commerce and Industry. With their assistance, the state provides protection for business people,” the speaker said.

He also explained that the establishment of the Assistance and Service Centers for Entrepreneurs is the major function of the CCI. To date, they have been opened in 174 districts (towns) of the republic, and operate successfully.

Deputy Minister of Justice Mahmudjon Istamov emphasized that they work in close cooperation with the business ombudsman. The Ministry and the Commissioner signed a memorandum of cooperation. The business ombudsman, as mentioned above, is the institution of the Commissioner under the head of the state, and the Ministry of Justice is the executive body, that is, the structure within the Cabinet of Ministers.

However, there are remarkable differences. For example, a business ombudsman can review and examine the complaints that come from places of detention, and the Ministry of Justice does not have such powers.

Another important point comes to the interaction between entrepreneurs and the Ministry of Justice (from the beginning of their entrepreneurial activity to completion), that is, the issues of registration, obtaining a license, document processing.

Speaking about the Single Window Center, Mahmudjon Istamov noted that it was shifted to the system of the Ministry of Justice, and provides 22 types of public services. The program for 2018-2020 envisages opening of 103 types of public services. The latest international ratings (2017) prove that Uzbekistan ranks the 25th in the implementation of business registration among 190 countries, and this is a positive attainment. There is a need to work on the improvement of the performance of registration of real estate, where our country ranks the 75th.

In addition, it is planned to create mobile Single Window Centers. One of them has already been established in the Chilanzar district of Tashkent. It has helped to identify about 30 entrepreneurs who are engaged in illegal activities. They were interviewed, and their activities have been legalized.

Answering journalists’ questions, the speaker said that Uzbekistan intends to change the system of granting benefits to foreign investors.

“The recently approved concept of the President of Uzbekistan defines the refusal to provide individual benefits as one of the mechanisms for the development of a competitive environment. This problem will be addressed in the process of implementation of this document. In particular, it provides for the waiver of individual benefits and preferences, in return, they will be distributed in the sectors,” he noted.

The speakers also answered the questions from journalists and businessmen about the procedure of consideration of applications, obtaining a loan from a bank, currency conversion, occupation of empty buildings, purchase of modern technologies, and others.

(Source: «Uzbekistan Today» newspaper)

International cooperation

Forum of Uzbek and Russian businessmen

Forum of Uzbek and Russian businessmen on “New horizons of cooperation” was held in Tashkent.

It was attended by representatives of companies of the two countries specializing in the spheres of trade, industry, economy, fuel and energy, electrical engineering, tourism and air transportation.

Chairman of the Chamber of Commerce and Industry of Uzbekistan Adham Ikramov, Vice-President of the Chamber of Commerce and Industry of the Russian Federation Vladimir Padalko and others noted that trade, economic and investment cooperation between Uzbekistan and Russia are increasingly strengthening.

Russia is one of the leading trade partners of Uzbekistan. As a result of 2016, the trade turnover between the two countries exceeded 4 billion US dollars. Uzbekistan exports natural gas, cars, chemical, textile, fruit and vegetable products and other goods to Russia. Black and nonferrous metals, wood, oil and oil products, electrical engineering, paper products and pharmaceuticals are purchased from Russia.

There are 961 enterprises in our country created with participation of Russian investments, and 569 enterprises created with participation of investors from Uzbekistan in Russia. 64 leading companies of this country opened their offices in our country.

At the forum, guests were given information about the potential of our country in the sphere of industry, agriculture, small business, tourism, activities of free economic zones, and reforms on liberalization of currency circulation.

Views were exchanged on the prospects for the development of trade and economic cooperation between businessmen of Uzbekistan and Russia. In particular, issues of developing mutual relations in the spheres of trade, investment, finance, energy and tourism, creation of new joint ventures, production of new consumer goods, and other promising branches of mutual cooperation were discussed.

At the sectional meetings held within the framework of the forum, reports were heard on “Expansion and development of mutually beneficial interregional cooperation between the Republic of Uzbekistan and the Russian Federation”, “Tourism as a driver of regional economic development”, “Transport and logistics in the development of interregional cooperation”.

Within the framework of the forum, an agreement on cooperation in the field of international commercial arbitration and mediation between the Chamber of Commerce and Industry of Uzbekistan and the Chamber of Commerce and Industry of the Russian Federation, Action Plan (“Road map”) on implementation of provisions of the Memorandum of cooperation between the Russian – Uzbek and Uzbek – Russian business councils for 2018-2019 were signed.

 (Source: UzA)

Foreign Ministry holds meeting with Permanent Secretary of Ministry of Foreign Affairs of GB

On September 26, Foreign Ministry of Uzbekistan held a meeting with Permanent Under Secretary and Head of the Diplomatic Service at the Foreign and Commonwealth Office of the United Kingdom of Great Britain and Northern Ireland, Simon MacDonald.

The parties reviewed the current state of Uzbek-British relations in political, trade-economic, investment, cultural-humanitarian and other fields.

The British side was acquainted with President Mirziyoyev`s address at the UN General Assembly.

The parties noted that significant reforms underway in Uzbekistan open up new opportunities for expanding cooperation between the two countries in all spheres of mutual interest.

The meeting discussed practical aspects of the forthcoming visit of the governmental delegation of Uzbekistan to the United Kingdom.

(Source: UzReport.uz)

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