“Subsidies to industries will be given depending on the volume of exports” – President

For 9 months of this year, the volume of industrial production in our country increased by 5.3%. However, there was a decrease in production at 65 large enterprises in the regions. Despite the allocation of necessary funds by the state, the infrastructure has not yet been brought to 118 industrial zones. The possibilities of the “GSP+” system in export are not used to the full extent.
These and other shortcomings, priority tasks for the next year were discussed at the critical meeting.

“Heads of industries, khokims should look for opportunities in this difficult situation, use internal reserves, come up with proposals and initiatives,” Shavkat Mirziyoyev said.

Instructions were given to provide guaranteed raw materials to manufacturers of household appliances, carpets and furniture, to provide assistance to enterprises that cannot operate at full capacity.

It should be recalled that last year Uzbekistan joined the “GSP+” system of preferences of the European Union. More than 6,200 types of products can be exported to the European market duty-free. Along with this, the state provides subsidies for transportation costs up to 70%. However, Europe accounts for only 6% of textile exports, 3% of electrical goods, and 1% of silk and food products.

The head of state stressed the need to assist domestic enterprises in obtaining international certificates and entering the foreign market. The possibility of increasing the volume of industrial exports to Europe up to $700 million next year was noted.

Particular attention at the meeting was paid to increasing exports.

“Next year we will expand export support. From now on, there will be a system in which subsidies to industries will be given depending on the volume of exports. Following today’s meeting, an additional $300 million and 350 billion soums will be allocated for the development of regional industry. If the set goals are achieved, it will be possible to provide an additional $2 billion in exports next year,” the President said.

Moreover, measures to export goods of regional industry worth more than $8 billion next year were analyzed. The ambassadors of Uzbekistan were instructed to promote the attraction of modern technologies and investments from abroad.