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NEWS

President Calls to Raise Competitiveness of the Uzbek Economy

20 January 2012

http://www.uzdaily.com of 1/20/2012 - Uzbekistan plans to implement a programme on primary measures one expanding the volume of production and launching production of competitive goods for US$6.2 billion in 2012-2016, the President of Uzbekistan Islam Karimov said at the session of the Cabinet of Ministers of Uzbekistan.

On 19 January, the session of the Cabinet of Ministers of Uzbekistan was held in Tashkent, which discussed social-economic development of Uzbekistan in 2011 and important priorities of economic programmes for 2012.

Uzbek leader underlined that the government should pay attention to preparation and implementation of the programme on increasing competitiveness of economy of Uzbekistan. He said that Uzbekistan's goal is to become one of developed democratic countries in mid-term.

President said that it is impossible to achieve this goal without creating competitive economy and competitive country. He said that it is impossible to achieve it without implementation of the adopted Concept on deepening democratic reforms and forming civil society in the country.

He said that this is also connected with deepening of crisis, decreasing global demand and increasing competition at the global markets. Uzbek leader stated that global experience showed that the competitiveness cannot be achieved without reforming and diversifying economy, developing high-technologic enterprises and capacities.

Islam Karimov said that in line with the adopted programme on primary measures one expanding the volume of production and launching production of competitive goods will be implemented 270 investment projects with total cost of US$6.2 billion in 2012-2016, including industrial programmes on modernization and re-equipment of production capacities.

He said that Uzbekistan plans to realize several strategic projects in 2012, including launch of construction of Ustyurt Gas Chemical Complex, the second line of Dekhanabad Potash Fertilizers Plant, etc.