Keywords
Abstract
This article discusses the implementation of an active investment policy and the issues of the modern investment legislation in the country taking into account the main tasks set by the President in the Message of 2020. Besides, the scientific work analyses the features and differences of the previous legislation of the Law of the Republic of Uzbekistan “On Investments and Investment Activities”. Moreover, based on the study, the main factors of a favorable investment environment and modern investment policy in the country are identified as an answer to the question of why investors should invest in Uzbekistan today.
References
1. Why invest in Uzbekistan? The Investment promotion Agency under the Ministry of Investment and Foreign trade of the Republic of Uzbekistan. https://invest.gov.uz/investor/uzbekistan-is-a-resource.
2. Doing Business 2020. International Bank for Reconstruction and Development. The World Bank 2020.http://documents.worldbank.org/curated/en/688761571934946384/pdf/Doing-Business-2020-Comparing-Business-Regulation-in-190-Economies.pdf.
3. Strategy actions in five priority areas of the Republic of Uzbekistan in 2017-2021. https://strategy.uz/index.php?static=prioritetnye_napravleniya.
4. Text of President Shavkat Mirziyoyev’s Address to the Oliy Majlis. 24.01.2020. https://president.uz/en/lists/view/3324.
5. The World Investment Report 2019. UNCTAD. https://unctad.org/en/PublicationsLibrary/ wir2019 en.pdf.
6. Country fact sheet: Uzbekistan 2019 UNCTAD. https://unctad.org/Sections/dite_dir/docs/WIR2019/wir19_fs_uz_en.pdf.
7. National Legislation Database, 02.08.2018, 06/18/5495/1611. https://lex.uz/docs/3845273.
8. National Legislation Database, 11.10.2019, 06/19/5848/3901. https://lex.uz/docs/4182345.
9. National Legislation Database, 20.12.2018, 07/18/4067/2354. https://lex.uz/docs/4117465.
10. National Legislation Database, 13.11.2019, 06/19/5881/4045. https://lex.uz/docs/4312752.
11. National Legislation Database, 10.01.2020, 07/20/4563/0034. https://lex.uz/docs/4689644.
12. National Legislation Database, 26.12.2019, 03/19/598/4221.https://www.lex.uz/docs/4751834.
13. These Laws these laws are no longer in force from January 27, 2020 in accordance with the Law of the Republic of Uzbekistan dated December 25, 2019 No. LRU-598 “On Investments and Investment Activities”.
14. B. Legum. “Defining Investment and Investor: Who is Entitled to Claim?” presentation at the Symposium “Making the Most of International Investment Agreements: A Common Agenda” co-organised by ICSID, OECD and UNCTAD, 12 December 2005, Paris.
15. B. Samarkhodjaev. Investment Law. UWED, 2014.
16. Stephan W. Schill. International Investment Law and the Rule of Law. Singapore: Academy Publishing, 2015. P. 87.
17. Tax Codeof the Republic of Uzbekistan. National Legislation Database. 04.12.2019, 03/19/586/4106.https://lex.uz/docs/1286558
18. G. Schwartz, B. Clements. Government subsidies. Journal of Economic Surveys, Volume 13, Issue 2. 2008, pp. 119-147 https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-6419.00079
19. Jinshuai Hua, Haiyan Jiang, Mark Holmes. Government subsidies and corporate investment efficiency: Evidence from China. Emerging Markets Review. Volume 41, December 2019, 100658. https://doi.org/10.1016/j.ememar.2019.100658
20. Law of the Republic of Uzbekistan “On Mediation”. National Legislation Database, 5.01.2020, 03/20/602/0052.https://lex.uz/docs/4407205
21. UZBEKISTAN: FOREIGN INVESTMENT. Export Entreprises SA, May 2020. https://santandertrade.com/en/portal/establish-overseas/uzbekistan/investing?&actualiser_id _banque =oui&id_banque=0&memoriser_choix=memoriser
22. INVESTMENT GUIDE TO UZBEKISTAN 2009. United Nations Development Program Country Office for Uzbekistan, 2009. https://www.theiguides.org/guides/uzbekistan.pdf