THE BALTIC COURSE: THE VOLUME OF EXPORTS FROM UZBEKISTAN INCREASED BY MORE THAN 30 TIMES

On the eve of the significant date of the anniversary of the State Independence of Uzbekistan in a number of foreign media published detailed information material about effective reforms implemented in our country during the years of sovereign development. So, the other day on the website of the international magazine The Baltic course posted an article - "Independence - the basis of the achievements of economic development of Uzbekistan."

The publication emphasizes that our economy has evolved over the years of independence, based on the national model developed by President Islam Karimov to the socio-economic potential of the country, the people’s history, national values, as well as the best international practices.

"The implementation of the five basic principles of transition to a social market economy in the reform process has enabled the country for a short historical period to achieve high results in achieving the objectives and to provide an annual sustained economic growth and improving the welfare of citizens."

The article also notes that as a result of ongoing transformation has radically changed the structure of the economy, create a reliable legal framework for its dynamic development and favorable investment climate.

"This is evidenced by macroeconomic indicators such as increase of the national economy of 5.5 times over the years of independence, gross domestic product per capita at purchasing power parity - 4 times. State Budget execution reached a surplus in 2005, which contributes to the strengthening of macroeconomic stability. Formed investment environment and measures to stimulate investment, guarantee the protection of investors contributed to the increase in the volume of accumulated investments totaled the equivalent of 190 billion USD, of which over 65 billion USD - foreign investments", - reported in the publication.

At the same time it informed that as a result of investment in the productive sectors of the economy in Uzbekistan were created entirely new industries, such as automotive, oil-gas, oil and gas and railway engineering, the production of modern building materials, consumer electronics, pharmaceuticals, modern food and textile industries, and a number others. As pointed out by further publication, they produced more than 60% of the total produced in the country of industrial products with high added value, which is competitive on the world market.

The article also reported that in recent years Uzbekistan has actively implemented policy measures on modernization, technical and technological renewal of industries, increase production efficiency, resulting in the period from 2000 to 2014 labor productivity increased by 2.2 times.

In addition, it noted that as a result of ongoing measures to strengthen the country’s export potential, the volume of exports from Uzbekistan increased by more than 30 times. Over the past 17 years, despite the global crisis, Uzbekistan has consistently provided a positive trade balance.

Information Agency "Jahon", Riga