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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of October 30, 2018 No. UP-5564

About measures for further trade liberalization and development of the competition in the goods markets

(as amended on 14-09-2021)

In the republic the necessary legal basis of activities of the companies of wholesale and stock exchange trading is created, the retail retail chain stores applying modern information technologies actively develop, access for subjects of entrepreneurship to material resources extends.

At the same time, the present condition of the goods markets, the level of development of wholesale and stock exchange trading do not meet the modern requirements. Remains number of the problematic issues interfering expansion of goods turnover, ensuring domestic market and producers necessary goods, to implementation of free export of products made in the republic, among which:

the low level of development of wholesale trade, supply system of semifinished products and industrial output for the subsequent conversion, and also other goods by the principle "business - for business" (B2B), leading to increase in transactional costs of subjects of entrepreneurship, decrease finally in competitiveness of products made by them in the foreign markets;

weak implementation of the futures, derivative financial instruments and other modern mechanisms of trade in exchange goods allowing to provide protection of entrepreneurs, especially agricultural producers from the adverse changes in price therefore the scale of transactions and types of the traded goods are limited;

availability of considerable share of the state in the authorized capital of subjects of trade, obsolete restrictions in the field of implementation of retail trade and rendering services to the population that interferes with dynamic development of the competition in these spheres;

lack of system work on informing producers of goods and consumers, including foreign, about the nomenclature and amounts of the demanded products made in the country that constrains development of production cooperation in the republic, and also with foreign producers.

For the purpose of further enhancement of mechanisms of trade, development of healthy competitive environment in the goods markets, and also creations of conditions for increase in efficiency and cost reduction of subjects of entrepreneurship, providing competitiveness of products made by them:

1. Agree with offers of the Ministry of Economics, Ministry of Finance, State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition:

a) about cancellation since January 1, 2019:

licensing of activities for implementation of wholesale trade and special procedure for the taxation of trade enterprises;

special accounting treatment for proceeds from sales of separate types of excise goods (cars, vegetable oil and others) and its uses;

requirements about receipt of permission to exit trade;

sanctions for the overdue receivables arising in relations with partners at the organizations from shares of the state in the authorized capital less than 50 percent except for of debt on contracts in foreign trade;

requirements about 15 percent advance payment in the domestic market according to transactions of the organizations with share of the state less than 50 percent;

export restrictions of separate types of goods according to the list according to appendix No. 1;

the operating procedure for approval of the Antimonopoly Committee of the Republic of Uzbekistan of schedules of exposure of products to the exchange biddings with introduction of notifying procedure for their approval;

requirements about provision of financial consumer loan for acquisition at the producer or the implementing organization only of consumer goods (services) made in the Republic of Uzbekistan;

b) about establishment since November 1, 2018 about, according to which:

the commodity and raw exchanges are granted the right to create affiliated economic societies on stores organization and logistics of products sold at the exchange, and also to development and deployment of information and communication technologies;

the highly liquid types of products, raw materials and materials delivered on import can be sold without restrictions in the domestic market, including at the exchange biddings, at the discretion of their owners;

leave by sellers of highly liquid types of products, raw materials and materials acquired at the exchange biddings is performed strictly at the scheduled time and on the priority determined by means of electronic systems of the exchanges depending on products payment due dates;

c) about implementation since November 1, 2018 of the procedure for delivery and use of cash cash revenue providing:

opportunity for the business entities having average day cash revenue over 20-fold basic settlement size to hand over it daily in cash desks of banks through service of collection or independently;

opportunity for the business entities having average day cash revenue is less the amounts specified in the paragraph the second this subitem to hand over of it in cash desks of banks through service of collection during the periods determined by them or independently;

cancellation of collection of cash cash revenue only through services of collection of the Central bank of the Republic of Uzbekistan with creation of opportunity to organize alternative services of collection according to the procedure, established by the legislation;

implementation of clearing settlements between legal entities, and also individual entrepreneurs with use of corporate bank cards without the conclusion of purchase and sale agreements, with issue of invoice (invoice).

d) permit wholesale companies to perform small wholesale and retail trade in cash through own corporate shops with obligatory application of cash registers and collection (delivery in banks) cash revenue in accordance with the established procedure.

2. Determine that:

commodity export and services through worldwide network the Internet with payment through international payment systems in amount to 5 thousand US dollars on one invoice does not require the conclusion of the written agreement with buyers and is allowed to one and all legal entities and physical persons without entering of information into the Single electronic information system of the foreign trade transactions and execution of the cargo customs declaration according to rules of rendering services of mail service, with accounting according to the commonly accepted international practice;

since January 1, 2019 the taxation conditions provided for the legal entities performing broker activities in the security market extend to the income of members of the commodity and raw exchanges;

export out of limits of the Republic of Uzbekistan without submission of the customs declaration of goods by total cost no more than 5 thousand US dollars is allowed to physical persons.

3. Create under the Ministry of Economics of the Republic of Uzbekistan the Center of research of the industry markets and export-oriented production in the form of public institution with the number of staff in number of 38 units, having determined it the main objectives:

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