Page 26 - Theoretical and Practical Interpretation of Investment Attractiveness

creation of a clear and effective legal framework;
development of general principles and conditions for organizing regions;
determines the procedure for organizing and liquidating the territory;
determination of the taxation system and tax benefits;
determine the order of currency;
determination of the procedure for mutual settlements ;
determine customs boundaries and procedures;
creation of an economic mechanism for eliminating possible negative
consequences;
determine the principles of credit policy in the region;
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it is necessary to develop economic mechanisms for attracting foreign investment .
The experience of creating EIHs shows that their uniqueness depends on many factors:
organizational features, economic and legal management mechanism, geographical
environment of the country and region, type of territory, size of the territory, etc.
However, the successful work of the EIH depends, first of all , on the zonal policy of
the state. In addition, a well-executed zonal policy greatly contributes to the stabilization of
the country's economy, allows it to attract large volumes of foreign investment, and increases
the country's export potential.
emphasize that the emergence and development of zonal policy in global action is
influenced by the following factors: economic benefits, the rapid creation and use of modern
equipment and technologies, political factors, geopolitical reasons, the need for objective
integration between countries, and others.
The creation of a free economic zone is a proven and most effective tool for increasing
the country's economic competitiveness. EIH is also the image of the country. Free trade
agreements serve to liberalize a country, even if they perform poorly. When EIH is
approached rationally, carefully studied and the mechanisms of its operation are rationally
implemented, this makes it possible to bring the country’s economy to a qualitatively higher
level. EIH is a social project, regardless of what country or region it was created in. The
creation of a territory not only generates additional income for the territory, but also provides
beneficial returns to the entire country in various forms, including:
creates intercompany communications that allow communication with foreign
investors;
raises economic culture, including the culture of entrepreneurship, to the
international level;
specialists working in the region will adopt the best experience and gradually spread
it to enterprises outside the region;
the efficiency of the country's infrastructure increases;
appears , that is, enterprises in the region force enterprises located outside the region
to compete with them;

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Khamroev H.R. Zonal policy: methodology, foreign experience and areas of application. Publishing house "Science"
of the Academy of Sciences of the Republic of Uzbekistan, 2008.
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