Page 36 - Theoretical and Practical Interpretation of Investment Attractiveness

At the micro level, this manifests itself in the new environment through investor
agreements and relationships between firms and government agencies and business entities.
The success of EIU in the countries of Southeast Asia and the Far East is determined, first of
all, by the attractive investment environment created by thoughtful government policies
aimed at attracting foreign capital. Taking this into account, the President of the Republic of
Uzbekistan “ On additional measures to activate and expand the activities of free economic
zones ” No. PF-4853 dated October 26, 2016 and free economic zones “Urgut”, “Gijduvon”
“Ko’kan” and “Khazorasp” It was not for nothing that Resolution No. PF-4931 of January
12, 2017 was adopted . By organizing these zones, it is expected to solve the following main
tasks:
- attract direct investment from foreign and local investors to create modern factories
for the production of products with high added value, which are in high demand in foreign
markets and replace imports;
- ensuring comprehensive and efficient use of the production and resource potential
of the republic’s territories;
- deep processing, storage and packaging of fruits and vegetables and agricultural
products, textile industry, carpet weaving, footwear and leather goods, environmentally
friendly chemistry, pharmaceuticals, food, electrical engineering, mechanical engineering and
automotive industry, production of building materials, etc. organization of new modern
productions according to directions;
- establishing strong cooperative ties based on local raw materials and materials and
deepening the processes of localization of production of high-tech products based on the
development of industrial cooperation between enterprises of free economic zones and in the
country as a whole;
- organize research and production centers in accordance with international standards
for standardization, certification and labeling of products and take measures to ensure
recognition of their decisions at the international level;
- Ensuring the rapid development of transport, engineering, communications and
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social infrastructure and their effective use in the EEZ .
The investment environment is primarily influenced by political stability in society,
the general state of the economy (growth, stagnation, crisis), the state of the country's
currency, financial and credit systems, customs procedures and the procedure for using labor.
They focus on the conditions of free movement of capital, stability of the exchange
rate, the dynamics of the inflation process, the cost of credit and working conditions, the size
of the local market, protectionist protection, benefits and obstacles for investors. including
tax benefits. It is necessary to create a more favorable investment environment in EIH, both
at the local and national level. The quality of the investment environment can be measured by
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the quantity and quality of investments attracted to the EIH

33 Reolution of the Cabinet of Ministers of the Republic of Uzbekistan dated April 10, 2017 No. 196“On measures to organize the activities of free economic zones.” (Collection of legal

documents of the Republic of Uzbekistan, 2017, No. 15, Article 252) .
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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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