CERBA is proud to present this business briefing with a high level delegation from Uzbekistan led by the Deputy Minister of Foreign Affairs Dilshod Akhatov. The delegation will present trends in the economy and business opportunities that are arising from the current important liberalization of the economy. The US Secretary of Commerce, Wilbur Ross, visited Uzbekistan on October 23 with a US trade delegation and acknowledged that the country was implementing the reforms that will lead to significant increase of business and investment in the country.
In 2017, with the drivers of the old growth model exhausted, Uzbekistan launched an ambitious program of market-oriented reforms that were unprecedented in the country’s modern history. The Government’s National Development Strategy for 2017–21 aims to transform the country by liberalizing the economy, reshaping the role of the state in the economy, modernizing the agriculture sector, strengthening governance, creating markets, including in financial services, enabling private sector growth, investing in human capital, and improving social protection and service delivery for all citizens. The Strategy, to be implemented over five years, is guided by an annual state program.
The country’s reform momentum has also created new opportunities for regional cooperation in Central Asia, including in energy, transport, water, and economic connectivity.
The Government has made rapid progress on implementing an impressive number of policy changes in a short period of time by initiating public service, judicial, educational, and tax systems reforms; liberalizing the foreign exchange regime followed by price liberalization measures; strengthening the independence of the Central Bank of Uzbekistan (CBU); simplifying the visa regime; improving the investment climate and business environment; initiating important reforms in the agricultural sector; scaling up anticorruption efforts; and opening a dialogue between the Government and the citizens of Uzbekistan. (Source World Bank).
Delegation of the Republic of Uzbekistan
1. D. Akhatov - Deputy Minister of Foreign Affairs
2. J.Vahabov - Ambassador of Uzbekistan to the USA
3. M. Madrakhimov - Head of the Americas Department, Ministry of Foreign Affairs
4. A. Khodjaev - Head of Investments and Financial Technical Assistance of the Ministyr of Foreign Affairs
5. B. Basitkhanov - Deputy Head of the Department of Fuel and Energy Complex and the Chemical Industry of the State Investment Committee
6. O.Eshkobilov - 1st Secretary of the Americas Department, Ministry of Foreign Affairs
For more information, please contact:
Sebastien Dakin: [email protected]