State to cover 70% of transportation costs for companies exporting textile products to European countries

The president signed a decree on additional measures to support the export activities of business entities.

Photo: Kun.uz

To create favorable conditions for the promotion of domestic products in new markets through additional support for export activities, the state is offering new benefits to entrepreneurs.

According to the document signed by the president, exporters of textile products will be covered 70% of their transportation costs when delivering their goods to European countries, Türkiye, Egypt and Morocco. The subsidies are in effect until January 1, 2024.

Also, entrepreneurs who timely repay loans issued from financial resources provided by the Export Promotion Agency to finance pre-export and export-related trade operations are allowed to receive additional loans in proportion to the repaid part of the loan.