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Invitation to Business environment in Uzbekistan on March 19 in Tashkent

aucconline.com
6 March 2020

[Note: The following invitation was kindly shared by the UNDP office in Uzbekistan.  Please respond to info@aucconline.com if you would like to attend.  Thank you!]

Invitation

Business environment in Uzbekistan: 

Assessment of the impact of measures taken and directions for next steps

Date: 10.00am on March 19, 2020

Venue: Wyndham conference hall, Tashkent

Organizers: UNDP, British Embassy, Center for economic research and reforms under Presidential Administration, Research Center of State-building and Public Law under UWED

Purpose: To prepare recommendations on further measures of state policy on improvement the business environment in the Republic of Uzbekistan based on assessments of the effectiveness of decisions taken, as well as their actual impact on the business climate.

Context:

In 2018-2019, a number of decisions and programs were adopted in the republic aimed at significantly improving the conduct of business and attracting foreign investment.

A round table was held on "Improving the Position of Uzbekistan in Doing Business: Results and Priority Directions" on April 17, 2019 in Tashkent, during which government departments provided information on the work done to improve the regulatory environment and simplify the business environment and the interaction of business entities with government bodies. On the part of the business community, an assessment was also expressed of the work done and it was presented criticism of the results achieved. In general, the opinions of entrepreneurs came down to the lack of actual improvements in the business environment, despite a significant number of legislative amendments.

In the Doing Business 2020 ranking published in October 2019, Uzbekistan took 69th place among 190 countries, with 69.9 points out of 100 according to the results of 2019. Compared with last year's rating, the rating of the republic increased by 7 positions, from 76th place. Considering that, the strategic goal of reforms in the field of improving the investment climate was defined as "by 2022, must be created conditions that correspond to the level of the first twenty countries of the world according to the report of the World Bank and Doing Business International Corporation" by the Decree of the President of the Republic of Uzbekistan dated 13.07.2018 #PP-3852, the progress achieved in 2019 is insufficient.

In order to identify key factors that reduce the effectiveness of efforts to improve the business environment, it's made an assessment of the measures taken by the Government of Uzbekistan. At the same time, a comprehensive discussion of the situation with representatives of the business community is necessary in order to ensure the adequacy of the assessment results.

It will be organized the discussion on the basis of the round table, during which state regulators will present the results of the measures taken, as well as critical assessments from the consulting companies of the Republic of Uzbekistan regarding the actual changes in the business climate in the country.

Consulting companies and representatives of business circles of Uzbekistan are invited to participate in the round table. Consulting companies are expected to present reports on actual changes in the business environment in key areas such as taxation, foreign trade, registration of property rights, obtaining construction rights and other areas where the Doing Business indicators are calculated.

Representatives of international organizations and embassies of foreign countries will also take part in the round table.

It is expected preparation of recommendations on further measures based on the results of discussions.