The Decree of the President of April 6, 2022 “On additional measures to support foreign trade activities” was adopted.
The decree establishes that from April 1, 2022:
– domestic enterprises (their authorized representatives) when exporting products with high added value to the countries of the European Union are provided with subsidies to compensate for transportation costs in the amount of up to 70 percent;
– when exporting high value-added products exported to neighbouring states, subsidies are provided to compensate for transportation costs in the amount of up to 50 percent;
The document also cancelled the ban on the use of benefits on customs payments during customs clearance of goods that are in the customs warehouse regime for more than six months.
The Government Commission for Foreign Trade, Investments, Development of Local Industry and Technical Regulation has been given the authority to extend the maturity of loans allocated from the Export Support Fund to finance pre-export and export-related trade operations for an additional six months in accordance with the requests of domestic enterprises -exporters. Also, based on the decisions of the Government Commission, it is allowed to allocate loans up to 500 thousand US dollars at the expense of the Young Entrepreneurs Support Fund.
In order to provide foreign trade companies with working capital, Uztrade and Uzsanoatexport joint-stock companies were allocated 10 million US dollars from the Export Support Fund.
The Decree also introduced amendments and additions to some legislative acts.
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