Content and main features of a market economy Plan: introduction

Figure 5. Absolute GDP growth rates by type of economic activity in 2019 (in% compared to the previous year)¹⁰
Another important program in ensuring Uzbekistan's transition to a market economy is the Action Strategy for the Development of Uzbekistan.
The third priority area of ​​the action strategy is "Economic Development and Liberalization".
Ensuring the free circulation of the soum in 2017, halving tariffs to liberalize foreign trade and creating an efficient market economy, as well as economic growth, was also achieved through the Action Strategy.
It is known that last year alone, more than forty programs for the development of the Republic of Karakalpakstan, regions and the city of Tashkent, as well as individual districts and cities were adopted to ensure the implementation of the tasks set out in the Action Strategy. 2077 major projects were approved for the district. In addition, 11 economic zones have been established with a total value of 419.5 million sums. 108 projects worth $ 1 billion are being implemented.
Last year, some work was done to create a favorable investment climate and liberalize foreign economic activity, as well as to support exports.
First, the approach to relations with partner countries and international financial institutions has changed. During high-level visits with China, 23 billion. $ 16 billion with Russia. $ 10 billion with South Korea. $ 3.5 billion with Turkey. $ 2.2 billion with Kazakhstan. $ 455 million with Kyrgyzstan Bilateral agreements on the development of trade, economic and investment ties were signed in the amount of $ 1 billion. Full relations with the European Bank for Reconstruction and Development have been restored, with the bank providing $ 190 million to small businesses and private entrepreneurship. Allocated a loan in the amount of USD. More than 20 projects have been developed in various areas. Cooperation has been established with the European Investment Bank and the French Development Agency. Uzbekistan has become a full member of the newly established Asian Infrastructure Investment Bank.
Second, all artificial barriers to foreign trade have been removed. In particular, the procedure of export without advance payment and guarantee obligation has been introduced. Excessive and outdated permit requirements have been abolished. Mechanisms for exporting agricultural products have been simplified. As a result of the measures taken, the country's foreign trade turnover in 2017 amounted to 26 billion sums. 907 mln. USD, including exports 13 bln. 893 mln. USD 600 thousand, imports 13 bln. 13 mln. $ 400,000.
The establishment of a free market economy in Uzbekistan serves to raise the economic level of the country and improve the living standards of the population. One of the most important features of a market economy is the priority given to private property, and the country pays great attention to small business and private entrepreneurship, which in turn serves to provide employment and increase their entrepreneurial skills. We must continue to develop a market economy in our country, and along with the developed countries of the world, we must bring our products to the world market.