Uzbekistan intends to abolish individual incentives for certain economic entities
Tashkent, Uzbekistan, Dec. 19
By Diana Aliyeva– Trend:
Uzbekistan intends to abolish individual customs, tax and other benefits, as well as other preferences for certain economic entities to import food products from February 1, 2018.
The Uzbek president’s draft decree on "Measures of further ensuring food security" has been published on the www.regulation.gov.uz portal for broad discussion and will be discussed till January 5, 2018.
"Some importers in the market are provided with individual privileges and preferences,” the document said. “Exclusive working conditions are created for them. As a result, they have dominant position in the market, while other business entities fail to enter the market.”
"The current situation in this sphere reduces the business activity and investment attractiveness of Uzbekistan, causes damage to the country's reputation in the international arena," the document said.
According to the document, the Cabinet of Ministers of the Republic of Uzbekistan is prohibited from making decisions implying the provision of some economic entities with individual customs, tax and other benefits, as well as other preferences for the import of food products into the country.