Business news from Ukraine

Business news from Ukraine

Uzbekistan intends to intensify exports of fruit and vegetable products

In order to further promote fruit and vegetable products in Uzbekistan, a commission for the export of fruits, vegetables and food products will be established, headed by the Prime Minister.

For this purpose, Uzbek trading houses in Germany, Hungary, Poland, Spain, the United States, and Kazakhstan will be transferred to the management of entrepreneurs.

It has been announced that new trading houses will be opened in major port cities such as Nagoya (Japan), Mersin (Turkey), Rotterdam (Netherlands), Qingdao (China), Klaipeda (Lithuania) and Doha (Qatar).

Thanks to an investment of $8 million, modern laboratories with international accreditation will be launched this year in Zangiat, Fergana, and Samarkand.

A reference laboratory will also be set up in Tashkent to ensure that private laboratories meet international standards. For these purposes, $12 million will be allocated from the World Bank. In the future, internationally recognized reagents will be exempt from customs duties and will not require a mandatory environmental certificate.

For export companies with a shortage of working capital, the Business Development Bank will provide UAH 1.5 trillion in soft loans of up to 50% of the contract amount with the farmer and the procurement warehouse. Loans will be issued at 18% per annum with a grace period of six months for a period of up to 1.5 years.

Suppliers of various fruits and vegetables will be exempt from all taxes regardless of turnover, and will now be able to work as self-employed individuals.

Thanks to the measures taken, fruit products worth USD 1 billion are expected to be exported this year. As part of regional programs, 528 projects worth $833 million will be launched.

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