Uzbek Producers to Receive $1 Million Grant for Collaborating with Global Brands
Business
The President of Uzbekistan signed a decree on August 7, 2024, aimed at supporting local producers who collaborate with well-known international brands. This initiative is set to boost the presence of Uzbek companies in the global market.
Starting in 2025, the Chamber of Commerce and Industry of Uzbekistan will annually, by April 1, publish a list of top 500 international brands and a list of national brands selected based on consulting companies' research and media activity analysis. The national brands will be evaluated in two stages, focusing on market sustainability and popularity.
Effective September 1, 2024, financial support measures will be implemented for entrepreneurs who have direct agreements with international brands. These measures include covering expenses for implementing international standards, obtaining ecological certifications, and enhancing the qualifications of specialists. Additionally, grants of at least $1 million will be provided to producers manufacturing under well-known international brands.
Furthermore, owners of national brands will be eligible for partial reimbursement of expenses related to entering international marketplaces, participating in exhibitions, and promoting their products abroad.
Effective September 1, 2024, financial support measures will be implemented for entrepreneurs who have direct agreements with international brands. These measures include covering expenses for implementing international standards, obtaining ecological certifications, and enhancing the qualifications of specialists. Additionally, grants of at least $1 million will be provided to producers manufacturing under well-known international brands.
Furthermore, owners of national brands will be eligible for partial reimbursement of expenses related to entering international marketplaces, participating in exhibitions, and promoting their products abroad.
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