Companies of Uzbekistan have been granted with several privileges and preferences, which are expected to bring export performance to a new level

For example, since June 1, 2017, exporters are entitled to supply goods of their own production abroad without prepayment, opening of a letter of credit, processing of a bank guarantee and an insurance certificate for export contract against political and commercial risks.

However, in order to receive these benefits, the amount of the contract can not exceed $100,000, and the foreign exchange earnings must be provided within 90 days from the date of actual shipment of goods. At the same time, the products can be exported only if the enterprise has no receivables for earlier export deliveries.

There is another important fact. The benefits are not subject to the enterprises exporting fresh fruit and vegetable products, grapes, melons, and raw materials.

Besides, according to the document, jewelry is now excluded from the list of specific goods, exports and imports of which are carried out solely under licenses issued on the basis of government resolutions.

(Source: «Uzbekistan Today» newspaper)

 

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