BAKU, Azerbaijan, Jan. 16
By Fakhri Vakilov - Trend:
Under the chairmanship of Uzbekistan’s President Shavkat Mirziyoyev, a video-conference on export expansion, investment and localization was held, Trend reports citing the presidential press service.
Almost 30 percent of investments disbursed last year from all sources were foreign direct investments. Investments began to come in remote areas with poor industrial development; 145 sectoral and 167 regional projects totaling $5.4 billion were implemented.
Starting this year, investment programs are being formed according to the new system. For 2020, a list of 1,569 projects implemented through private and direct investment was approved. According to the program, use of $ 24.4 billion of investments is planned for the current year, including $ 7.1 billion of foreign direct investment and loans.
The president ordered to attract foreign experts, prepare investment strategies by industry and region, assess effectiveness and economic efficiency of attracted investments, and identifying priority areas for direct foreign investment.
In order to further increase export volumes, a new system for determining and monitoring forecast indicators was launched in 2020. Thus, the export forecast is approved for a three-year period.
The Ministry of Investment and Foreign Trade has been instructed to develop a roadmap to ensure the full implementation of the export forecast for the current year, specifically determining where and when products will be exported, what measures will be taken to do this.
The Uztukimachiliksanoat Association was instructed to increase cotton fiber processing capacity to 80 percent, diversify the range with new enterprises and expand the geography of exports.
The meeting also addressed in detail the issue of export of fruits and vegetables.
It was entrusted to ensure the optimal placement of fruits and vegetables based on export requirements, to organize trading houses and a dealer network in promising foreign markets. The issue of transferring the harvesting of fruits and vegetables in 55 specialized areas to the cluster system was also noted.
The Uzstandard agency was entrusted with the regional administrations of Uzbekistan to implement the Global G.A.P. international standard on 155 farms, and the State Plant Quarantine Committee to bring agricultural products in line with foreign market requirements.
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