Uzbekistan Presidential Network reported on January 23 that Uzbek President Mirziyoyev held a meeting that day to listen to a work report on the development status and problems of the cotton industry, and to study relevant issues related to supporting industrial development. measure.
The meeting pointed out that Uzbekistan has invested a total of US$5.3 billion in the cotton industry and implemented 265 projects with a total value of US$4 billion. Currently, cotton production has increased by 30%. However, problems such as the lack of stable supply contracts for farmers, imperfect construction of irrigation water systems, rising fertilizer prices, and high fines for overdue value-added tax limit the development of the industry. In order to solve the above problems, the meeting decided to provide 50% electricity compensation for cotton farmers who use water pumps for irrigation, extend the preferential import tariff policy for mineral fertilizers for three years, cancel the penalty for overdue value-added tax for cotton farmers, and instruct the relevant person in charge to simplify the relationship between agricultural clusters and cotton farmers. The procedure for entering into a contract is to integrate the futures contract registration system with the information platform of the Ministry of Agriculture. The meeting set goals for industrial development in 2023, requiring the launch of multiple projects worth a total of US$400 million, the establishment of agricultural service centers in 33 regions, the promotion of water-saving technologies for 300,000 hectares of land, the allocation of 100,000 hectares of land and ensuring that silkworm cocoons 2.6 The output is 10,000 tons, 1.3 million sheepskins and 40,000 tons of wool.
