New Uzbekistan: Seizing Opportunities

The Ministry of Foreign Affairs of the Republic of Uzbekistan is pleased to share this new special report, entitled N ew Uzbekistan: Seizing O pportunities. This special report provides a
brief overview of the economic, political, and legal reforms that have served to create a more dynam ic business environm ent in Uzbekistan, while also increasing the attractiveness of the
country as a destination for foreign trade and investment.

Between 2016 and 2021, during the first term of President Shavkat Mirziyoyev, these reforms set a foundation for Uzbekistan to pursue cooperation with external partners in the fields of
economic development, investment attraction, technological adoption, tourism prom otion, scientific advancem ent, education attainment, and cultural exchanges. Looking forward to the
next five years, this special report explains how these reforms create a solid foundation for the next stage of Uzbekistan’s development.
It is important that Uzbekistan’s current and potential partners appreciate the breadth, depth, and significance of these reforms, which have helped generate a new and positive image for the
New Uzbekistan. This optimistic and energetic vision for the country’s development is an important driver of our foreign policy and foreign econom ic relations.

Today, the world is undergoing a period of rapid change, characterized by the emergence of world order and a new architecture of the global economy. One of the hallmarks of the New Uzbekistan is proactive economic diplomacy aimed at promoting the country’s interests in the global economy while im proving international com petitiveness.

In the context of accelerating globalization processes that have touched governments, businesses, and households around the world, the interconnectedness of various states and regions is a fundamental aspect of econom ic developm ent. Policymakers in Uzbekistan understand the need to build strong, friendly, and mutually beneficial relations to integrate the country into
the global econom y m ore successfully. Today, there is a growing need for active international cooperation to solve the com m on challenges faced by humanity, whether those challenges are
the ripple effects of global financial crises or the far-reaching consequences of a coronavirus pandemic.
Faced with such challenges, states m ust strengthen their econom ic and technological potential to maxim ise social welfare within a framework of sustainable developm ent. To do so, a carefully
considered national developm ent strategy is key.
The election of President Mirziyoyev heralded a new effort to develop a long-term development strategy. The launch of this strategy and has becom e a m ilestone in the developm ent of the
statehood of independent Uzbekistan. Last year, Uzbekistan celebrated its 30th anniversary of independence. Although a young country by global standards, Uzbekistan has continued to
strengthen its role in the international arena w ith a new paradigm for foreign econom ic relations based on a practical renewal of Uzbekistan’s diplomacy.
Today, the com m itm ent to liberalization is evident in all spheres of life in Uzbekistan. This has not only changed the self-perception of the Uzbek people, w ho are m ore am bitious and
globally-m inded than ever before, but also the international image of Uzbekistan itself, which is increasingly recognised for its fast-growing and com petitive economy, with new infrastructure
and capacity for innovation. In his address at the 76th session of UN General Assem bly in Septem ber of last year, President Mirziyoyev firmly declared that the expansive dem ocratic reforms in Uzbekistan have become irreversible and that their basis is a steadfast com m itm ent to the provision and protection of rights and freedoms. The country’s leadership is taking «decisive steps to ensure freedom of speech and the media, religion and belief, gender equality and interethnic harmony.»
Uzbek policymakers are working every day in accordance with the country’s development strategy to strengthen the role of civil society institutions, to protect human rights, to reduce poverty, and to provide each citizen with a reliable source of income. These aims are to be achieved within a fram ew ork of sustainable and environm entally conscious development.

Our president’s w ords should serve as a powerful signal for our diplom atic and econom ic partners, particularly foreign investors. The determ ination of Uzbekistan’s leadership to complete systemic reforms is clear. For com m ercial enterprises and investors, these reforms reflect the opening of an exciting new market.
The officials of the M inistry of Foreign Affairs and our colleagues across the Uzbek government remain available to support you as you pursue new ventures in the New Uzbekistan.

Vladimir Norov
Foreign Minister of
the Republic of Uzbekistan

«New Uzbekistan. Seizing New Opportunities»

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