We cannot ensure high economic growth by selling oil and gas - Mirziyoyev

Economy

The President of Uzbekistan noted that both “oil” and “gases” of the country are valuable and high-quality products produced by entrepreneurs. It is noted that an additional $ 100 million will be used to compensate for logistics costs.

We cannot ensure high economic growth by selling oil and gas - Mirziyoyev
President Shavkat Mirziyoyev, during an open dialogue with entrepreneurs today, touched upon the issue of entering new markets with high-quality and competitive products.

“One thing needs to be understood correctly. We cannot ensure high economic growth through the sale of oil and gas resources, as some countries do. Both our “oil” and our “gas” are valuable and high-quality products that entrepreneurs produce,” he said. head of state.

It was also noted at the meeting that in order for the products to be of high quality, in demand and competitive in foreign markets, it is necessary to bring production to a completely new level and increase it dramatically.

According to Shavkat Mirziyoyev, the state will consistently continue to support exporting enterprises, given that due to the situation in the international arena, logistics costs have increased by 3-4 times. Financial opportunities for them will be expanded even more. An additional $100 million will be used to offset logistics costs. Another $25 million will be allocated for the certification of products abroad, the introduction of international standards and the training of specialists in this field.

The program "New Uzbekistan - a country of competitive products" will be continued this year, and the number of enterprises covered by the program will be increased to 500. For them, all benefits in the program will be continued.

The President noted that another great opportunity for expanding exports is to attract reputable foreign brands to our country. According to him, the 50 most popular global brands with an annual turnover of more than $100 billion are showing great interest in working with our enterprises. Negotiations were held with major brands of Spain, Germany, Poland, Turkey. Right now they are ready to place a $3 billion order for our local businesses.

It solves 3 biggest problems. Including:

• international standards, environmental requirements and certification are being introduced into production. To do this, specialists of domestic enterprises are trained at their request;
• decent working conditions will be created for employees of local enterprises;
• a favorable customs regime is introduced for the import and export of branded products.

Enterprises attracting large brands will receive a grant in the amount of 50 million soums.

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