Impact Factor: ISRA (India) = 3.117 ISI (Dubai, UAE) = 0.829 GIF (Australia) = 0.564 JIF = 1.500 SIS (USA) = 0.912 РИНЦ (Russia) = 0.156 ESJI (KZ) = 8.716 SJIF (Morocco) = 5.667 ICV (Poland) = 6.630 PIF (India) = 1.940 IBI (India) = 4.260 OAJI (USA) = 0.350 Philadelphia, USA 60 QR – Issue QR – Article SOI: 1.1/TAS DOI: 10.15863/TAS International Scientific Journal Theoretical & Applied Science p-ISSN: 2308-4944 (print) e-ISSN: 2409-0085 (online) Year: 2019 Issue: 04 Volume: 72 Published: 10.04.2019 http://T-Science.org Konstantin Ivanovich Kurpayanidi Ph D in economics, professor of the Russian academy of natural sciences, Fergana polytechnic institute, Fergana, Uzbekistan Corresponding member of the International Academy of Theoretical & Applied Sciences https://orcid.org/0000-0001-8354-1512 w7777@mail.ru SECTION 31. Economic research, finance, innovation, risk management. UDC 339.9. ACTUAL ISSUES OF ACTIVATION OF FOREIGN ECONOMIC ACTIVITY IN THE ECONOMY OF UZBEKISTAN Abstract: In the work, on the basis of the system analysis, some topical issues of activating the foreign economic activity of the economic entities of the Republic of Uzbekistan are considered. It is proved that an effective management mechanism in the sphere of foreign economic relations should be formed on the basis of an innovative approach. The intensification of foreign economic entrepreneurial initiatives and the influence of government bodies contribute to the improvement of the concept of state regulation of processes of foreign economic cooperation and the creation of foreign policy instruments of state government bodies in the post-crisis period. In accordance with the Action Strategy for the five priority directions of development of the Republic of Uzbekistan in 2017-2021, the strategy of innovative development is a necessary factor for the integration of Uzbekistan into the world community. The author offers a number of effective measures for the further expansion of foreign economic relations of the Republic of Uzbekistan in the context of global economic integration and the digital economy. Key words: Foreign economic relations, foreign economic relations, foreign trade, innovations, management mechanism, digital economy, knowledge economy. Language: English Citation: Kurpayanidi, K. I. (2019). Actual issues of activation of foreign economic activity in the economy of Uzbekistan. ISJ Theoretical & Applied Science, 04 (72), 60-65. Soi: http://s-o-i.org/1.1/TAS-04-72-10 Doi: https://dx.doi.org/10.15863/TAS.2019.04.72.10 Introduction In the Republic of Uzbekistan for the years of independence a system of state regulation of foreign economic activity has been formed, which, as a complex system, depends on the effectiveness of a multi-level management mechanism, and its implementation is possible provided mutual adaptation of the instruments of foreign economic policy of enterprises and state structures. The activation of foreign economic entrepreneurial initiatives and the influence of management bodies contribute to the improvement of the concept of state regulation of foreign economic cooperation processes and the creation of a tool for foreign policy of state bodies in the post-crisis period. In accordance with the Strategy of Action on the five priority development directions of the Republic of Uzbekistan in 2017-2021, the strategy of innovative development is an essential factor of Uzbekistan's integration into the world community. Innovative economy is, first of all, a flexible and dynamic economy in which new and disappearing companies are created and disappear, new markets are being searched for and new market niches are being developed [1]. An important incentive in this process can be foreign economic activity (FEA) and its key component - the export of goods of a high degree of processing. However, this requires the formation of a mechanism for managing the innovative development of Uzbekistan's foreign trade activities, industries and individual enterprises based on raising the level of management, modernizing production, and developing high-tech export industries. This is the