The Implementation of International Legal Standards in the Investment Legislation of Uzbekistan

Abstract

This research seeks to identify distinctive inhibitions in the implementation of international legal; standards in international
laws of Uzbekistan. This study is necessitated by the continued disparity between implementation of international commerce laws and
their dismal efficiency in draw foreign investment. Despite the country’s effort towards enforcement of international trade laws, there is
persistent low FDI in the country compared to other central Asia countries. This is happening despite the central placing of Uzbekistan in
the region, the superior human resource base, compared to its neighbors, and the expansive indigenous resources in the country. This
highlights the need to identify the cause of these inhibitive phenomena. In sight of decreasing GDP and the global continued pressure on
fossil energy, more investment in oil the nation is a priority. Western investors are not eager to invest in the country, while trade volumes
with china are low. This study focuses on relationship between Uzbekistan and PRC. A proposed cause of this problem was the
disproportion between the domestic laws in both countries. The researcher evaluates the possibility of the differences in the source and
nature of domestic laws in both countries as being an inhibitor in the development of effective international investment law that meet
international standards, and are efficient in attracting FDI. The research employs comparative law research methodology. This involves
the evaluation of the two legal systems, and identifying disparities in local laws that could be detrimental to effective implementation of
international law