TASHKENT, Uzbekistan, February 3. Uzbekistan
and OECD have signed a Memorandum of Understanding, marking a new
phase in the country’s integration into the global economy,
Trend reports via the
Uzbek Ministry of Investments, Industry and Trade.
Meanwhile, the agreement was signed on the sidelines of the OECD
Eurasia Week.
According to the Ministry, the memorandum outlines 19 key
priority areas, including the enhancement of the investment
climate, the advancement of digital transformation, the
reinforcement of anti-corruption initiatives, and the promotion of
green energy development. Under this framework, Uzbek businesses
will gain access to OECD’s analytical tools and internationally
recognized best practices, which are anticipated to bolster
competitiveness and increase investor confidence.
Uzbekistan has also formally applied to accede to the OECD
Declaration on International Investment and Multinational
Enterprises, a document endorsed by over 50 countries. This move is
expected to further elevate Uzbekistan’s standing in global
rankings while providing added safeguards for foreign
investors.
The cooperation framework also envisions the modernization of
critical sectors, including education and healthcare, job creation,
the expansion of renewable energy capacity, and the strengthening
of social protection mechanisms.
The Organisation for Economic Co-operation and Development
(OECD) is an intergovernmental organization that conducts economic
analysis and develops policy frameworks across a range of
sectors.
