Additional guarantees for investors of the Republic of Belarus

Decree of the President of July 20, 2022 No. PP-327 was adopted on the approval of the Agreement on mutual promotion and protection of investments between the Government of the Republic of Uzbekistan and the Government of the Republic of Belarus.

The agreement was signed in Minsk on August 1, 2019 and is aimed at strengthening cooperation between the two states, protecting the investments of their citizens and enterprises. Thanks to the document, a favorable regime will be created for investments, stimulating the inflow of private capital and the economic development of states. A stable investment base will contribute to the most efficient use of economic resources and improve living standards.

The Ministry of Investments and Foreign Trade is determined by the authorized body responsible for the implementation of this international agreement.

The Ministry of Foreign Affairs was instructed to send the Belarusian side an appropriate notification of the completion by the Republic of Uzbekistan of the domestic procedures necessary for the entry into force of this international treaty, as well as the appointment of a competent authority responsible for its implementation.