Abstract
The paper aims to introduce Uzbekistan’s experience in designing its foreign investment law and policy, especially in the last 5 years. It gives some insights into the investment environment of Uzbekistan, provides the analyses of main influencing factors, and novelty in the recent legislation in the sphere. The paper also provides an analysis of the challenges and opportunities of foreign investment law and policy of Uzbekistan. The findings of the study will benefit both local investors who are interested in assessing investment opportunities in Uzbekistan. The complexities of the evolution of investment opportunities in emerging markets have been studied before. The problems associated with transparency, foreign exchange volatility, and liquidity impact pricing and valuation across countries and regions. The overall business climate in Uzbekistan can be described as stable, but with a potential for rapid growth in the event of more radical reforms towards the market.
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