Export Restrictions to Be Lifted from July 1
Uzbekistan
At a video conference chaired by the President, it was announced that starting from July 1, there will be no export restrictions on any goods. Export duties will apply only to raw materials and socially important products included in 86 commodity groups. It was emphasized that this decision opens new opportunities for entrepreneurs.
"One thing must be clearly understood: if entrepreneurs work in high-value markets, they will be motivated to increase production, improve quality, and gain more benefits," the President said.
The excise tax on sugar will be abolished. Restrictions on the import of powdered milk will also be lifted.
As a result of these changes, the annual turnover of approximately 5,500 confectionery and soft drink production enterprises — employing around 40,000 people — is expected to reach at least 50 trillion soums.
The excise tax on sugar will be abolished. Restrictions on the import of powdered milk will also be lifted.
As a result of these changes, the annual turnover of approximately 5,500 confectionery and soft drink production enterprises — employing around 40,000 people — is expected to reach at least 50 trillion soums.
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