Interstate Legal and Economic Relations In Attracting Foreign Investments: Effectiveness of Mutual Cooperation and Agreements
Abstract
: This article provides an in-depth analysis of the role of interstate legal and economic relations in the process of attracting foreign investment, forms of mutual cooperation and the impact of international agreements on the investment climate. The strength of the legal framework, the predictability of economic policy and the existence of bilateral and multilateral agreements between states are considered important factors in the stable and consistent attraction of foreign investment flows. In particular, the impact of such instruments as international investment treaties, memorandums on trade and economic cooperation, free trade zones and bilateral investment agreements on investment attractiveness is illustrated using examples. The article also analyzes the political and economic strategies of the Republic of Uzbekistan in the field of foreign investment, their coordination with international cooperation mechanisms, as well as the system of legal guarantees and privileges created for foreign investors. Also, the place occupied by Uzbekistan in international investment ratings in recent years, cooperation with international organizations and the effectiveness of the most important legal reforms are studied on the basis of scientific-theoretical and empirical approaches. The main conclusion of the article is that an effective legal regulatory framework and stable interstate cooperation relations are important strategic tools for attracting foreign investment. Therefore, legal agreements, economic memorandums of understanding and mechanisms ensuring political stability between countries that improve the investment climate are considered not only a factor of economic growth, but also a factor of strengthening the geoeconomic position.
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