How to At­tract In­vest­ments? Ad­vice from Out­side

Uzbekistan Today (English) - - WORLD -

How to im­prove the busi­ness en­vi­ron­ment and at­tract in­vest­ment? This ques­tion was an­swered by the lead­ing econ­o­mist of the World Bank Ste­fka Slavova. In her opin­ion, com­po­nents of the busi­ness en­vi­ron­ment need to be im­proved.

Firstly, she stressed, in spite of the fact that ‘one win­dow’ sys­tem is al­ready func­tion­ing in Uzbek­istan for reg­is­tra­tion of busi­ness, elec­tronic pro­ce­dures have not re­placed paper ones. The sys­tem is con­sid­ered to op­er­ate smoothly when it is ac­cepted by the ma­jor­ity. Ask what to do for this? The an­swer is sim­ple: you need to raise aware­ness, ex­pand the use of on­line bank­ing and elim­i­nate the prob­lems caused by the speed and re­li­a­bil­ity of the In­ter­net con­nec­tion.

Sec­ond, in or­der to shorten the terms of im­port-ex­port op­er­a­tions, it is nec­es­sary to pi­lot a sin­gle elec­tronic win­dow for cus­toms clear­ance.

Third, much needs to be done on in­ter­na­tional trade. To­day, this is one of the weak­est ar­eas of ac­tiv­ity in the coun­try. There is a gap be­tween le­gal re­quire­ments and prac­tice. Un­for­tu­nately, the rules on paper are not yet in ef­fect.

Ob­tain­ing a cer­tifi­cate of com­pli­ance on the ba­sis of bi­lat­eral agree­ments re­mains a com­pli­cated pro­ce­dure.

Ob­tain­ing most of the tech­ni­cal per­mits takes less time to use paper pro­ce­dures, in part be­cause of the lack of de­vel­op­ment of a reg­u­la­tory frame­work that de­ter­mines in­sti­tu­tional co­or­di­na­tion in the con­duct of in­ter­na­tional trade, due to re­struc­tur­ing and in­ad­e­quate au­to­ma­tion of some depart­ments.

The def­i­ni­tion of the cus­toms value of im­ported and ex­ported goods does not fully com­ply with in­ter­na­tional prin­ci­ples.

The cus­toms au­thor­i­ties check the en­tire cargo on the bor­der with­out us­ing the risk as­sess­ment method­ol­ogy.

For a rea­son­able reg­u­la­tion of the area, the World Bank pro­poses to en­sure full com­pat­i­bil­ity of sys­tems used in in­ter­na­tional trade, through a ‘one-stop shop’ and to ex­pand users’ ac­cess to an au­to­mated sys­tem.

Fourth, an­other prob­lem­atic area of busi­ness in Uzbek­istan re­mains the re­ceipt of con­struc­tion per­mits. A grow­ing trend in the world is the in­volve­ment of the pri­vate sec­tor, in­de­pen­dent en­gi­neers or spe­cial­ized con­struc­tion firms to par­tic­i­pate in con­struc­tion su­per­vi­sion and in­spec­tion. Uzbek­istan can learn and adopt this ex­pe­ri­ence.

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