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Uzbekistan’s ministry of investment, foreign trade defines key areas, priority tasks 2021

Uzbekistan Materials 5 January 2021 10:29 (UTC +04:00)

BAKU, Azerbaijan, Jan. 5

By Klavdiya Romakayeva - Trend:

Ministry of Investment and Foreign Trade (MIFT) of Uzbekistan has discussed the elaboration of sectoral development programs for attracting high-quality investments in priority sectors of the economy and the implementation of foreign trade policy, Trend reports citing the ministry.

A meeting was held under the leadership of the Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov in the format of a video conference to discuss the key activities of the ministry and priority tasks.

Reports on the results achieved in 2020 were presented, on the basis of which the work of individual departments and structural divisions was critically examined, instructions were given to increase the efficiency and promptness of the implementation of current tasks. Also, in the context of key areas of the ministry's activities, work plans and expected results for the current year were considered.

A comprehensive assessment of the quality and timeliness of the implemented measures for monitoring investment and foreign trade activities in the context of industries and regions, the formation of new investment projects, attraction of investments, the development of proposals for improving industrial policy, providing practical support to entrepreneurs and exporters and increasing employment of the population was given, as well as constructive suggestions for elimination of existing deficiencies.

In addition, the ministry noted the need to increase the responsibility of middle managers, as well as their involvement in the implementation of the strategic goals of the department in connection with which the deputy ministers of investment and foreign trade were instructed to develop appropriate proposals and mechanisms.

Also, the principles of work organization and the format of interaction between structural divisions in solving work issues were revised. The importance of close cooperation and interaction of the relevant departments during the working process on the principles of joint responsibility for the final result was emphasized.

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Follow the author on Twitter: @romakayeva

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