Highlights

This publication contains the findings and recommendations of a review of Uzbekistan´s investment environment and policies. The Review was undertaken by UNCTAD in collaboration with the Organisation for Economic Co-operation and Development and with the support of the United Nations Development Programme.

The Review indicates that Uzbekistan has made progress in the transition from a centrally planned economy to a market economy. Recognizing that foreign direct investment (FDI) can contribute to growth and development and also ease the transition to a market-based economy and the country´s integration into the world economy, Uzbekistan has welcomed foreign investment.

The report offers the Government of Uzbekistan with 10 recommendations in connection with improving the climate for FDI in order to further boost the country´s attractiveness. The reforms are aimed at achieving regional "best practice" in order to establish Uzbekistan as the prime foreign investment destination in Central Asia. The recommendations address policy and administration with regard to entry of foreign investment; regulatory and tax policy; measures to improve the competitive provision of business services; and investment promotion issues.