Addressing the meeting, the President noted that in recent years the Council under the President has strengthened its role as an important platform for advancing practical reforms and fostering dialogue between the state and the international business community.
 
Having acquired the status of an independent association, the Council now brings together 85 companies representing 23 sectors of the country’s economy.
 
A practical result of this cooperation has been the consistent improvement of the regulatory and legal framework.
 
At the same time, work continues on the further alignment of national legislation with international practice.
 
A draft Law on Alternative Investment Funds has been prepared, a program for implementing responsible business conduct standards has been developed, while technical regulations are being harmonized with international requirements.
 
In addition, Uzbekistan has begun the process of acceding to the OECD Declaration on International Investment and Multinational Enterprises. The next step will be the adoption of a constitutional law on the Tashkent International Financial Center.
 
The meeting participants reaffirmed their interest in further expanding mutually beneficial cooperation and implementing joint initiatives aimed at strengthening investment attractiveness, sustainable economic growth, and the successful continuation of reforms in New Uzbekistan.

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