of July 18, 2019 No. PP-4397
About additional measures for the accelerated development of automotive industry of the Republic of Uzbekistan
For the purpose of ensuring the accelerated development and increase in investment appeal of automotive industry, implementation of modern market mechanisms and methods of management on the basis of the best international practices, and also creation of production, competitive in the internal and external markets:
1. Determine the main indicators of development of automotive industry of the Republic of Uzbekistan in 2019 - 2023:
increase in annual production volume of cars up to 350 thousand units;
bringing level of localization of cars on average to 60 percent;
increase in annual production volume of cargo vehicles and buses up to 10 thousand units;
bringing annual export volume of cars to 100 thousand units;
implementation of modern corporate management methods, and also the automated system of accounting of ERP;
the updating of model range of cars providing including production of the new modern model of the car available to general population;
attracting investors by primary public placement (IPO) on domestic and the international stock markets of shares at least two joint-stock companies which are part of JSC Uzavtosanoat.
2. To the Ministry of Economy and Industry, the Ministry of investments and foreign trade of the Republic of Uzbekistan and JSC Uzavtosanoat with involvement of the leading foreign companies and the international experts to take measures for creation of permanent project office under JSC Uzavtosanoat, responsible for preparation of specific proposals in a month on:
to development of Strategy of the further accelerated development of automotive industry of the Republic of Uzbekistan till 2023;
to implementation of modern market mechanisms and methods of management on the basis of the best international practices;
to increase in investment appeal of automotive industry, including by unification of the tax and customs modes for all companies performing production of motor vehicles and accessories to them;
the organizations of additional productions for release of the spare parts and components increasing the level of their development and decrease in import volumes;
to development of research and developmental work, creation of the national engineering centers in priority segments of production of spare parts and components;
to enhancement of processes of preparation, retraining and advanced training of personnel in automotive industry.
3. Establish procedure according to which:
a) till January 1, 2020 specifications on public procurement of goods (works, services) by JSC Uzavtosanoat and the organizations in which there is share of JSC Uzavtosanoat, concerning the suppliers nominated (determined) or recommended from original producer (OEM) or the licensor of cars are not subject to examination in SUE Center of Complex Examination of Projects and Import Contracts under the Ministry of Economy and Industry of the Republic of Uzbekistan or if such requirement is established by the framework, license and investment agreements on production organization of automobile products, and also agreements on development and designing of industrial designs, about technical assistance in case of projects implementation on production organization of automobile products;
b) the excise tax on cars of production of JSC UzAutoMotors under the agreements signed after October 1, 2019 is cancelled;
c) since October 1, 2019 collection is paid for acquisition of new vehicles of national production by producers of vehicles;
without evaluating their cost with exposure to auction on E-IJRO AUKSION electronic trading platform at the starting price equal to their book value including tax on value added (for real estate) and actual value (for shares and blocks of shares in economic societies);
by application of step-by-step decrease in the starting price in the absence of applicants within two months from the moment of exposure to the biddings.
4. Agree with the offer of Avtosanoat invest LLC and JSC Uzavtosanoat on transfer to the Agency on management of the state assets of the Republic of Uzbekistan of share of Avtosanoat invest LLC in the authorized capital of JSC Uzbek Iron and Steel Works at book value on account of reduction of the authorized capital of JSC Uzavtosanoat and Avtosanoat invest LLC respectively.
In a month to provide to agency on management of the state assets of the Republic of Uzbekistan implementation of measures, provided by this Item.
5. JSC Uzavtosanoat accelerate realization of shares in authorized capitals (capitals) of the dealer organizations for the list according to appendix No. 2.
"Road map" on further development of automotive industry of the Republic of Uzbekistan in 2019-2020 according to appendix No. 3;
the inventory, materials and the industrial equipment used in production of vehicles, the trailing and hinged equipment, component parts and spare parts to them when which importing domestic manufacturers are granted delay on the tax discharge on value added of 120 days, according to appendix No. 4.
7. To provide to the ministry of investments and foreign trade, the Ministry of Finance, the Ministry of Economy and Industry of the Republic of Uzbekistan and JSC Uzavtosanoat:
a) in two-month time:
together with commercial banks attraction of preferential credit lines of foreign banks and export credit agencies for financing of projects on localization of cars of national production;
completion of negotiations with the leading foreign companies regarding project implementation on production organization of cars in the territory of the Republic of Uzbekistan;
b) till December 1, 2019:
completion of negotiations and the conclusion of agreements with the General Motors company on the investment projects of JSC Uzavtosanoat realized in 2019 - 2022 according to appendix No. 5;
attraction on optimum conditions at least 700 million US dollars at the expense of funds of foreign banks, export credit agencies, and also investment companies and funds for implementation of the investment projects provided by appendix No. 5;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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