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The State Committee of the Republic of Uzbekistan for Investments (hereinafter - the Committee) is an authorized government body responsible for coordinating the formation and implementation of a single state investment policy, as well as attracting foreign investment.
The Committee in its activity is accountable to the Cabinet of Ministers of the Republic of Uzbekistan.
The Committee in its activities is guided by the Constitution and laws of the Republic of Uzbekistan, resolutions of the chambers of the Oliy Majlis of the Republic of Uzbekistan, decrees, resolutions and orders of the President of the Republic of Uzbekistan, resolutions and orders of the Cabinet of Ministers of the Republic of Uzbekistan, this Regulation, as well as other legislative acts.
The Committee carries out its activities in cooperation with other government bodies, local government bodies and other organizations, including international organizations, international financial institutions, foreign government financial organizations and foreign investors.
Decisions of the Committee, taken within its powers and having a regulatory and legal nature, are mandatory for execution by state and economic management bodies, state authorities and local administrations, economic entities, regardless of ownership and departmental subordination.
The Central Office of the Committee, as well as the Committee of the Republic of Karakalpakstan for investments are legal entities, have a stamp and forms with the image of the State Emblem of the Republic of Uzbekistan with their name, bank accounts, including in foreign currency.
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The main tasks and activities of the Committee are:
coordination of work on the formation and implementation of a unified state investment policy, including the attraction of foreign investments aimed at stimulating the expansion of investment in the economy and regions of the country, further improving the investment climate in the country, supporting the development of enterprises with foreign capital;
development and implementation of measures to further improve the regulatory framework in the field of attracting foreign investment and create even more favorable conditions for expanding investment activities in the territory of the Republic of Uzbekistan;
participation in the formation, coordination and implementation of monitoring of the annual investment programs of the Republic of Uzbekistan and regional investment programs, including those related to foreign investment projects, maintaining a unified database of investment proposals for attracting foreign investment, loans and financial and technical assistance;
development of proposals on the development and diversification of the areas of investment cooperation of the Republic of Uzbekistan with foreign countries, international economic and financial institutions, foreign banks, funds, agencies, companies and other subjects of international law on a mutually beneficial basis;
coordinating the activities of state and economic management bodies, local government bodies, advisers on trade and economic issues of diplomatic representations of the Republic of Uzbekistan abroad and permanent representatives of the Republic of Uzbekistan in international organizations in identifying and implementing the main directions for attracting foreign investments, as well as implementing investment cooperation with international financial institutions and foreign investors;
participation in the preparation, approval and signing in accordance with the established procedure of international treaties of the Republic of Uzbekistan with foreign countries, international financial institutions, foreign government financial institutions, leading foreign companies and banking structures on investment cooperation;
attraction of foreign investments, first of all direct loans, financial and technical assistance to implement investment projects in conjunction with sector investment programs, integrated programs for social and economic development of the territories, programs for the development of production, transport and communication and social infrastructure;
increase of the efficiency of using foreign investments attracted to the country's economy on the basis of system monitoring of the implementation of investment projects, analysis of the activities of enterprises with foreign capital participation, as well as fulfillment of investment obligations by the investor, identification of factors that impede the timely and effective implementation of investment projects involving foreign investment , with the adoption of operational measures to address them;
development of recommendations on the effective use of attracted credit resources and technical assistance funds (grants) of international and foreign government financial institutions, funds of the Fund for Reconstruction and Development of the Republic of Uzbekistan, centralized investments from the State Budget of the Republic of Uzbekistan and state trust funds;
organization of international conferences, seminars, investment forums in the Republic of Uzbekistan and abroad to inform foreign investors about the economic and investment potential of the country;
Participation in tender (competitive) bidding and determination of winners based on the results of bidding for the purchase of technological equipment, components and materials in the framework of investment projects implemented in the relevant sectors of the economy and social sphere, participation in the development and carrying out of examination of tender documents and evaluation of tender proposals; based on the deep analysis of the world market of advanced technologies and equipment that meet modern requirements for productivity, quality and competitiveness of products, energy and resource saving, environmental standards, compliance of proposed prices with world average and current market conditions, and the cost of turnkey projects in accordance with with the proposed technology, the introduction, if necessary, of proposals to reject the results of tender (competitive) bidding, as well as the termination the validity of import contracts concluded on the basis of the results of the tender;
carrying out, on a systematic basis, a thorough examination of import contracts in terms of price parameters of equipment, machinery and technologies, components purchased in the framework of investment projects, as well as cost parameters for turn-key projects;coordination
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