Uzbekistan eyes to get zero rate customs duties on textile products
Baku, Azerbaijan, Nov. 7
Uzbek First Deputy Minister of Economy Mubin Mirzaev has met with members of the delegation of the European Parliament on relations with the countries of Central Asia and Mongolia, Uzbek media reported.
Following the talks, it became known that Uzbekistan intends to get from the EU zero rate customs duties on textile products.
During the meeting, the European side was proposed the following priority areas for further expansion of economic cooperation:
- creation of equal conditions for access of Uzbek textile products to the markets of EU countries, considering the ongoing reforms in agriculture. For example, for certain countries, zero rates of customs duties on textile products were established, while the customs duty rates for Uzbekistan amount to 7-12 percent;
- assisting in ensuring the conformity of the quality of agricultural products to EU standards, increasing human resources in this area;
- attracting foreign investments from EU countries for the implementation of projects as part of the public-private partnership for the development of road and transport infrastructure, social services, housing and utilities, development of alternative and renewable energy sources;
- rendering technical assistance in studying advanced European experience in improving the conditions for foreign trade and liberalizing foreign exchange control.
On July 1, 2017, the Textile Protocol came into force between Uzbekistan and the EU, which envisages providing Uzbek producers with tax and customs benefits, as well as unhindered access to European markets.