LEGAL BASES FOR BUSINESS ACTIVITIES IN FREE (SPECIAL) ECONOMIC ZONES OF THE REPUBLIC OF UZBEKISTAN

Abstract

Free economic zones (FEZ) play an important role in economies worldwide – particularly,
they are considered a bright opportunity to attract foreign investment for developing
countries. In the development of FEZ, effective legislation and the legal framework for
carrying out activities in such zones are crucial. In recent years, the Republic of Uzbekistan
has comprehensively developed its economy, sharply increased the number of FEZ and
begun to improve legislation in this area. At the same time, some issues and challenges
stillneed to be addressed, and the present study analyzes these.