President of Uzbekistan: The world economy will go through harsh tests

Shawkat Mirziyoyev, President of Uzbekistan, predicted that the unexpected changes currently taking place in the international arena will test the global economy.

He trusted that forums such as the second Tashkent International Investment Forum would find a response to such problems as the world was trying to find solutions to strengthen bilateral and multilateral cooperation and to discover new jobs in such a hostile environment.

In his address to the opening session of the Forum in Tashkent, the capital of Uzbekistan, he noted that systematic reforms were under way to further liberalize the country’s economy, open a broad road to trade and strengthen the rule of law and law. guarantees. Following the completion of the Forum’s first edition last year.

At the meeting of 2,500 guests, including representatives of foreign governments, international financial institutions and foreign corporate leaders, he added: “There have been significant developments in establishing the most appropriate financial system in the Central Asian region. In particular, the VAT rate has been reduced from 20% previously to 12%.