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Mirziyoyev liberalizes Uzbekistan's fruit, vegetable exports

Business Materials 18 October 2018 17:02 (UTC +04:00)

Baku, Azerbaijan, Oct. 18

Trend:

President of Uzbekistan Shavkat Mirziyoyev signed a decree "On additional measures to improve the efficiency of promotion of fruit and vegetable products to foreign markets", Uzbek media reported on Oct. 18.

According to the document, legal entities, exporters of fruits and vegetables, have the right to export fruits and vegetables without prior payment, opening a letter of credit, issuing a bank guarantee and having a policy to insure the export contract against political and commercial risks.

Enterprises that did not ensure timely receipt of proceeds from the export of fruits and vegetables will be entered in the register of unscrupulous fruit and vegetable exporters, applying to them the requirements for obtaining 100 percent prepayment when exporting fruits and vegetables.

The president also granted the right to business entities to export fruit and vegetable products without a license for wholesale trade. The procedure for taxation, which provides for the payment of a single tax payment, is applied to the revenue of individual entrepreneurs received from the export of fruits and vegetables.

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