Uzbekistan is set to expand the production of products under global brands. This initiative is part of a broader strategy to stimulate the export of high-value-added products.
The following points provide a detailed overview:
Export Barriers: The President highlighted the challenges faced by exporters of major Uzbek export items such as knitwear, household appliances, fresh fruits, grapes, and food products. Exporters are currently limited to familiar foreign markets and avoid venturing into new areas.
Promising Markets: For each of the 10 types of goods with high export potential, instructions have been given to identify 10 promising markets. There is also a directive to negotiate and implement measures to ease certification requirements and reduce duties and fees.
Production and Export Prospects: New opportunities for production and export in various industries have been identified. Local enterprises, for instance, can replace the import of home textiles, bed linen, towels, mattresses, and curtains.
Textile Industry: In 2024, there are plans to increase value added in the textile industry by launching new projects worth at least $700 mn. The capacity of knitwear dyeing enterprises is expected to increase by 40%, and fabric production by 30%.
Support for Manufacturers: A new support system for manufacturers of finished textile products will be established, with $200 mn allocated for the construction of dyeing shops near water treatment plants and compensation for water treatment costs.
Promotion of Uzbek Products: The President emphasized the need to create conditions for promoting Uzbek products on global markets under well-known brands. The Chamber of Commerce and Industry has been instructed to negotiate orders for 30 well-known brands at Uzbek enterprises.
Attracting Branded Products: Measures are being introduced to attract the production of branded products to the country. Enterprises cooperating with global brands will be reimbursed for the costs of certification of compliance with international standards, including environmental standards.
Customs Duties: If the production of goods under an international brand is localized, at least 60% of the raw materials needed for its release will be exempt from customs duties.
Benefits for Companies: Companies that produce at least 30% of products under global brands will receive all the benefits required for companies with foreign investments. There will also be no work permit fees for technologists, designers, and other specialists of large brands.
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