Uzbekistan's New Bilateral Investment Treaty Standpoint: In Case of Uzbekistan-Turkey BIT (2018)
Article from: TDM 1 (2020), in Eurasia - CIS
Abstract
Uzbekistan is often seen as an attractive destination for foreign direct investment (FDI), largely thanks to its vast supply of natural resources. However, inward FDI in Uzbekistan remains below expectations due to the lack of transparency and stability of the domestic regulatory environment. Uzbekistan has recently undergone lengthy reforms aiming at economic liberalization. In particular, a review of investment laws suggests an improvement of the investment climate in the country. In the course of these reforms, Uzbekistan concluded a bilateral investment treaty (BIT) with Turkey in ...