Moody's Investors Service says in a new report that the structural reforms that the Government of Uzbekistan (B1 stable) has undertaken since 2016 have addressed many inefficiencies in the economy, but the most difficult reforms, which carry significant political and execution risk, are still ahead.
As part of the two 280 MW-each-capacity combined cycle gas plants project, the second combined cycle power plant at the Takhiatash TPP has reached full capacity, with functional tests underway, the press service of Thermal Power Plants JSC said in a statement.
On February 22, President Shavkat Mirziyoyev familiarized himself with hydropower projects. Note: The hydropower sector development program for 2017-2021 was adopted in May 2017, which included US$ 3.4 billion 65 projects worth, 34 of them are aimed at creating new capacities, 31 - for modernization.
In 2020, Uzbekistan imported US$ 566.8 million worth of timber and wood products from 50 foreign countries, which is US$ 45.1 million less than in 2019, the Statistics Committee said in a report.
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.
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.