From the first years of independence
of Uzbekistan the government gives a prior meaning to development of
the foreign economic affairs, as in modern conditions of globalization
the economic development of the country in a decisive degree depends
on a degree of its integrity to the world community.
The policy of the "open
doors" running by the government of the country in the sphere of
external economic affairs based on developed principles of the President
1. A. Karirnov designed to provide:
Development of trade and economic
relations irrespective of ideologies;
Equal in rights and mutually
beneficial cooperation both on bilateral and multilateral basis;
Priority of norms of international
law over the national ones, recognition of principles and rules of GATT/WTO
in the context of case-by-case liberalisation of foreign trade regime
in the process of integration into this organisation;
Moderate balance between the
competition and cooperation;
Creation of the Most Favoured
Treatment for Nations and individual foreign investors involved in the
attraction of the most sophisticated technologies.
Natural resources of Uzbekistan,
estimated by foreign experts 3.3 billion US dollars are ready for cultivation,
attraction and guarantees of any investment.
The main factor, that determines
attractiveness of the investment in any state is system of privileges
and perforations for the foreign investors. In Uzbekistan there has
been developed vast system of tax privileges for realization of investment
projects, including:
Liberation till seven years
of payment of taxes on the projects included in state investment programs
of the republic;
Liberation of tax from part
of income of the foreign investment enterprises, directed towards widening
of production and technological modernization;
Unimpeded, free of license
export of produced goods;
Free trade import of property
for investment in compensatory fund of joint ventures and enterprises
with foreign capital in the territory of Uzbekistan;
Acquisition through the sales
the right of use and instruction of land- property in the long-run on
the basis of investment projects.
Except above-mentioned privileges,
there have been organized measures of stimulation of enterprises' activity
with foreign investment, which are divided:
Stimulation of the participation
of foreign investors in the process of privatization
Stimulation of technical improvement;
Stimulation of state produced
consumption goods;
Stimulation of export production.
