The Economic Modernization of Uzbekistan Mamuka Tsereteli

Trend News Agency
, July 22, 2017. 
(https://en.trend.az/casia/uzbekistan/2778851.html) 
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The law was entitled 
“On Amendments and Additions to Certain Legislative Acts of the Republic of 
Uzbekistan in Connection with the Adoption of the Basic Directions of the Tax and Budget Policy for 
2018.”
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“The President Ordered to Radically Improve the Tax Legislation”, 
Uzbekistan Daily
, February 16, 
2018, http://ut.uz/en/opinion/the-president-ordered-to-radically-improve-the-tax-legislation/ 
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“President of Uzbekistan Signs Decree on Liberalization of Monetary Policy”, 
UzDaily
, September 3, 
2017, https://www.uzdaily.com/articles-id-40695.htm 
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Resolution of the President of Uzbekistan “About Measures for Further Streamlining of the Foreign 
Economic Activity of the Republic of Uzbekistan”, CIS Legislation, September 29, 2017, 
https://cis-legislation.com/document.fwx?rgn=101296 
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“Uzagroexport’s Monopoly for Export of Fruit and Vegetable Products Canceled”, 

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Mamuka Tsereteli 
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regulatory acts were passed to reduce barriers in the tourism sector, 
including a Resolution of August 16, 2017, "On Priority Measures for the 
Development of Tourism in 2018-2019."
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These and other measures set reform priorities and provided governmental 
entities with immediate action plans. These policies are already beginning 
to bring positive results in the form of growing exports, increased foreign 
direct investments, and an increasing number of new jobs. Trade turnover 
with foreign countries increased by over 11 percent in 2017, with exports 
growing by 15.4 percent and imports by 7.2 percent;
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more than 336,000 
new jobs were created by the end of 2017.
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These positive trends were duly noted in the Statement issued at the 
conclusion of an IMF Staff Visit to Uzbekistan on November 16, 2017.
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The 
IMF commended the authorities’ continued efforts to adopt a more effective 
macroeconomic stabilization framework and to i
mprove the economy’s 
investment climate, in line with the priorities of the President’s 
development strategy. The statement also stressed that the liberalization of 
the foreign exchange market had been a significant first step, and was 
expected to be followed by the liberalization of most prices, the 
restructuring of state-owned enterprises, and the removal of remaining 
bottlenecks to international trade and foreign direct investment.
http://www.uzbekistan.de/en/nachrichten/nachrichten/uzagroexports-monopoly-export-fruit-and-
vegetable-products-canceled 
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“Measures to Develop Tour
ism in 2018-
2019 Adopted in Uzbekistan”, UzDaily, August 17, 2017, 
https://www.uzdaily.com/articles-id-40491.htm 
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“Summary of 2017 in foreign trade policy of the Republic of Uzbekistan”, 
Embassy of Uzbekistan
, 
January 26, 2018. (http://www.uzbekembassy.in/summary-of-2017-in-foreign-trade-policy-of-the-
republic-of-uzbekistan/) 
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Address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Parliament, Oliy 
Majlis, December 22, 2017 http://www.ut.uz/en/politics/for-the-first-time-in-the-history-of-our-country-
the-president-of-the-republic-of-uzbekistan-shavkat/ 
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“Statement at the Conclusion of an IMF Staff Visit to Uzbekistan”, November 16, 2017, 
(https://www.imf.org/en/News/Articles/2017/11/16/pr17444-statement-at-the-conclusion-of-an-imf-
staff-visit-to-uzbekistan) 

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