Monday, 08, March, 2021

Economy

A meeting with the Swiss Ambassador to Uzbekistan Olivier Chave was held at the State Customs Committee. According to the committee, official documents on Uzbekistan’s accession to the Global Trade Facilitation Program were signed at the meeting.


This program provides support for countries seeking assistance in aligning their trade practices with the World Trade Organization Trade Facilitation Agreement. The program is funded by the Swiss Confederation.

During his visits to Uzbekistan in March and November 2019, the Secretary General of the World Customs Organization Kunio Mikuria offered to join the Global Trade Facilitation Program.

For information, in 2020, Uzbekistan joined the internationally recognized documents in the field of foreign trade - the Kyoto Convention on the simplification and harmonization of Customs procedures and the Istanbul Convention on Temporary Import.

Earlier, it was reported that the Uzbek government will develop a program to apply the preferences of the GSP + system, which will allow to export about 3,000 items to the EU market without customs duties and 3,200 types of products at reduced rates by June 1, 2021.

It is also planned to introduce 5,200 new standards in Uzbekistan, bring 1,723 national standards and 12 technical regulations in line with international requirements.

In 2020, Uzbekistan exported US$ 459.3 million worth of ready-made garments which is by 30% more than in 2019, the State Statistics Committee said.

On February 11, the President Shavkat Mirziyoyev signed the Measures to Further Expedite the Privatization of State-Owned Assets Decree.

Uzbekistan's international trade topped US$ 36.3 billion in 2020, with a trade deficit at US$ 6.04 billion (in 2019, US$ 41.8 billion and US$ 6.8 billion, respectively), the Central Bank's said in its monetary policies review.

The Minister of Agriculture Jamshid Khodjaev hosted the Secretary General of the Cooperation Council of Turkic-Speaking States (CCTS) Baghdad Amreev, the mInistry said in a statement.

On February 12, the Minister of Industry and Infrastructure Development of Kazakhstan Beibut Atamkulov met with the Uzbek Ambassador Saidikrom Niyazhojaev.

The President signed the Measures to Further Expedite Privatization of State-Owned Assets Decree. According to the Decree, when organizing the processes of putting up for public auction and selling the state-owned assets:

At the Wednesday government meeting, Shavkat Mirziyoyev instructed the Deputy PM/Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov and Director of the State-Owned Assets Management Agency (SAMA) Akmalkhon Ortikov to expedite the privatization of companies where the state owns stakes.

In 2020, the total amount of tax revenues topped 103.6 trillion soums, or US$ 10 billion, with 67.7 trillion soums, or 63.3% paid by large taxpayers.

The chief of the Pension Fund, Abdulaziz Khaydarov, at a press conference held on January 29, briefed about the planned changes in the pension system.