«confirmation» “ ”

In addition, the state continues the targeted policy of structural changes in the economy, which is primarily aimed at improving the business environment in the republic and thereby ensuring high GDP growth rates.

3.2. Economic and industrial policy encouraging the implementation of the project

Since independence, Uzbekistan has been pursuing an active industrial policy. The main tasks of economic reforms, including industrial policy, are structural restructuring of the economy from the direction of raw materials to the production of finished products with high added value, increasing the competitiveness of the national economy in the world economy, as well as comprehensive development of all regions of the country. In general, this approach contributes to the structural structure and growth of the country's economy.
The change of the supreme authority accelerated the implementation of reforms aimed at the modernization of the country. The new head of state, Shavkat Mirziyoyev, is focusing on the gradual liberalization of the economy in order to implement structural economic changes.
Currently, the following are identified as the main factors of economic growth:

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  active structural restructuring of the economy;
  
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  gradual orientation of the export policy from the export of raw materials to the export of products with high added value;
  
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  continue the policy of economic liberalization and reduce the share of the state in the economy;
  
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  increasing investments in human capital to form a "knowledge economy";
  
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  expanding digitization processes;
  
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  creation of innovative institutions;
  
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  and comprehensive development of regions.
  

Technological modernization and diversification of the economy was identified as one of the priorities of economic reforms. To achieve this goal, the measures envisage a significant increase in investments in the private sector through the implementation of fiscal and monetary policies aimed at attracting investments.
According to the new development strategy approved in Uzbekistan in 2017, by 2030 it is planned to more than double the volume of GDP and to increase the share of industry in the economy to 40%. For this purpose, 8 special programs aimed at the development of chemical, textile, leather-footwear, pharmaceutical industry, processing of hydrocarbon raw materials, fruit and vegetable products, production of construction materials were adopted.
The development of small business and private entrepreneurship serves to increase the employment and income of the population. Significant changes are taking place in business: from 2018, a moratorium on inspections was granted to enterprises for 2 years, a business ombudsman institute was established, and a wide range of legal documents were adopted to encourage entrepreneurs who produce import-substituting goods.
President Sh. Mirziyoyev set the government the task of entering the top 20 countries in terms of ease of doing business by 2025. In the ranking of the World Bank "Doing Business 2018" (Doing Business 2018) group, Uzbekistan entered the top ten world leaders in improving the business environment.
The increase in the country's rating was the result of the government's reforms aimed at liberalizing the economy, improving the business environment, and simplifying the mechanisms for providing state services to entrepreneurs.
In this regard, fundamental reforms have been implemented in recent years to improve the institutional foundations of doing business in Uzbekistan. In particular, the liberalization of the monetary policy was an important step in the development of entrepreneurship, foreign trade and the improvement of the investment environment in the country as a whole.
A country's position in the Doing Business ranking not only reflects the level of the business environment, but is also an important criterion for making investment decisions in the international business community.
Taking into account the important role of foreign investments in the adoption of new technologies and the organization of efficient production, the government of the Republic pays special attention to the attraction of foreign investments. In the implementation of programs and measures for the development of industries to encourage foreign investments and increase the export potential, the government of the Republic uses the classic tool of industrial policy, namely special tax and customs benefits, along with the policy of import protectionism.
In particular, enterprises with foreign investments, enterprises engaged in technological re-equipment, enterprises producing localized products are exempted from customs fees when importing technological equipment, as well as raw materials and components for use in the production process. In addition, exemptions are given for payment of income tax, property tax, land tax, etc.
The most important tool of Uzbekistan's regional policy is the establishment of free economic zones (FEZ) and free industrial zones (FIZ). One of the most important tasks for the FEZ is to attract foreign and local investments for the development of industries based on modern technologies, which will ultimately lead to the expansion of exports and the creation of favorable conditions for increasing the economic potential of the regions.
According to analysts, the fundamental measures implemented in Uzbekistan will speed up the country's participation in the world economy and simplify the use of global resources and technologies. At the current stage of development, the primary task of the manufacturer is to produce competitive products and enter the international market with it, which means the integration of the country's national industry into the world economy. At the same time, the production of products with high added value is a priority.

2.