Pursuant to the Decree of the President of the Republic of Uzbekistan No. 5643 dated 28 January, 2019 on Measures to Improve the Management System in the fields of Investments and Foreign Trade, the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan was established  by the merger of the State Investments Committee of the Republic of Uzbekistan and the Ministry of Foreign Trade.

The Ministry is the competent government agency responsible for implementation of the unified state investment policy, management of attraction of foreign investments, first of all direct investments, cooperation with international financial institutions (offices of the manager) and foreign government financial organizations, as well as formation and management of the unified state policy in the field of foreign trade and international economic cooperation.