Uzbekistan’s UZA website reported on September 8 that President Mirziyoyev signed the “Supplementary Measures to Support Export Enterprises” decree on the 7th to further increase support for export enterprises. , tap export potential.
The main contents of the decree include: allocating US$200 million from the National Reconstruction and Development Fund to the Export Promotion Agency’s Export Support Fund to support corporate export credit and financing; starting from 2021 Starting from October 1, 2020, the Export Promotion Agency will provide export financing support within a limit of US$5 million to enterprises with an annual export volume of more than US$20 million through commercial banks, with a maximum period of one year;Textile in the past 12 months Enterprises with a product export value exceeding US$1 million can defer payment of import customs duties and taxes on raw materials, auxiliary materials and equipment parts for 120 days, with no interest accrued during the period and no guarantee fees required;From now until December 31, 2021, Suspension of penalties for overdue accounts receivable of exporting companies; lifting of export restrictions on millet, flour and dry pulse powders, and fruits and nuts, no longer requiring presidential or cabinet export licenses; simplifying corporate financing procedures and imposing restrictions on exports to Europe A one-year subsidy policy will be implemented for the freight of high value-added products, with the subsidy amount being 50%.
