Ministry of Investment, Industry and Trade of the Republic of Uzbekistan
The Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan, established in December 2022 through the Decree of the President, plays a critical role in the country’s ongoing administrative reforms aimed at boosting economic growth and attracting foreign investment. The Ministry operates as a central body to implement a unified state investment policy, improve the investment environment, and enhance Uzbekistan’s industrial and trade capacities.
One of the Ministry’s key objectives is to accelerate the attraction of foreign direct investment (FDI) into the Uzbek economy. This involves focusing on sectors that offer significant growth potential, such as chemicals, mechanical engineering, automotive, electrical goods, pharmaceuticals, textiles, and more. The Ministry works to create conditions that support the successful implementation of investment projects, ensuring their efficiency and long-term sustainability.
Moreover, the Ministry emphasizes the expansion of Uzbekistan’s cooperation with international economic and financial institutions, strengthening relationships with foreign governments and financial organizations. This is essential for creating a favorable environment for grants, technical assistance, and external aid, which support development projects across various sectors.
The Ministry also plays a pivotal role in shaping the country’s industrial policy, diversifying and increasing the competitiveness of the industrial sector, and fostering the growth of special economic and industrial zones. This includes promoting regional development and boosting production capacities to meet both domestic and international demand.
In addition to fostering industrial growth, the Ministry is tasked with enhancing trade relations and strengthening Uzbekistan's position in global markets. This includes monitoring market conditions, improving foreign trade infrastructure, and supporting exports. It also coordinates Uzbekistan's efforts to join the World Trade Organization (WTO) and maintains robust economic ties with foreign countries to ensure the country’s active participation in international economic affairs.
Through these efforts, the Ministry of Investment, Industry, and Trade aims to position Uzbekistan as an attractive destination for investment and a competitive player on the global stage.