Document from CIS Legislation database © 2003-2024 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of October 21, 2020 No. UP-6091

About measures for further expansion of financial support of export activities

(as amended on 21-11-2023)

For the purpose of ensuring macroeconomic stability at the present stage of social and economic development of the republic by growth in volumes of export, additional financial and organizational stimulation of suppliers of finished goods, and also accomplishment of the tasks determined in the State program by strategy implementation of actions in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021 in "Year of development of science, education and digital economy":

1. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 10.11.2023 No. UP-193

2. Assign to the Agency of promotion of export under the Ministry of investments and foreign trade (further - the Agency) the following additional tasks:

allocation of financial resources to commercial banks for the credits for the trading activities connected with export and preexport financing;

the organization of works on attraction of financial resources of the international financial institutions, the foreign government financial organizations, foreign banks and finance companies on preexport financing.

3. Form Fund for export support (further - Fund) under the Agency without formation of legal entity for the purpose of realization of the tasks which are in addition assigned to the Agency which resource base is created for the account:

fund of reconstruction and development in the amount of 100 million US dollars on irretrievable basis;

loans of the international financial institutions, foreign government financial organizations, foreign banks and private finance companies;

the income arriving from investment of funds of Fund on deposits of commercial banks in accordance with the established procedure;

other sources which are not prohibited by the legislation.

4. In a month to provide to fund of reconstruction and development allocation Fonda of 50 percent of means from 100 million US dollars, the stipulated in Item 3 presents of the Decree, on forming of its original capital.

5. Determine that:

With the agency of promotion of export under the Ministry of investments, industry and trade of the Republic of Uzbekistan to commercial banks for the credits for the trading activities connected with export, and preexport financing is allocated:

a) one-time financial resources in the amount of, not exceeding equivalent of 1 million US dollars (to the export companies which annual export volume exceeds 20 million US dollars, in equivalent to 5 million US dollars), and also for a period of up to one year.

At the same time in case of repayment at the scheduled time of the determined part of the issued credits to subjects of entrepreneurship additional loans in proportion to the extinguished part of the credit are allocated;

b) to the export organizations included in the "New Uzbekistan — the Country of Competitive Products" Program proceeding from the export volume performed within the last 12 months for a period of up to 1 year - financial resources in the following sizes:

to 2 million US dollars - in case of export volume from 5 million US dollars to 10 million US dollars;

to 3 million US dollars - in case of export volume from 10 million US dollars to 15 million US dollars;

to 4 million US dollars - in case of export volume from 15 million US dollars to 20 million US dollars;

proceeding from the export volume performed within the last 12 months financial resources for a period of up to 2 years in the following sizes are allocated to the confectionery companies for financing of preexport and export trading activities:

to 1 million US dollars - in case of export volume to 500 thousand US dollars;

to 2 million US dollars - in case of export volume from 500 thousand US dollars to 4 million US dollars;

to 3 million US dollars - in case of export volume over 4 million US dollars;

c) financial resources for financing of revolving credits on replenishment of current assets of exporters when exporting of goods by them (are provided to commercial banks including when exporting of conversion products by the companies in customs regime "re-export") with payment deferral condition on them on rate 4 annual interest rates (including margin of bank - 2 percent) for the term of payment deferral and in the amount of the cost of the exported products, but in equivalent no more than 3 million US dollars.

To commercial banks when financing the credits for the trading activities connected with export and preexport financing at the expense of the financial resources allocated by the Agency of promotion of export under the Ministry of investments, the industry and trade of the Republic of Uzbekistan, compensations from JSC The Company on Development of Entrepreneurship are not allocated.

The support measures provided by this Decree are not applied to the primary goods included in the list approved by the Presidential decree of the Republic of Uzbekistan of November 29, 2018 No. UP-5587.

6. And reducings poverty to provide to the ministry of investments and foreign trade, the Ministry of Economic Development quarterly submission to the Cabinet of Ministers of information on work on the financial support of export which is carried out by the Agency and the State fund of support of business activity.

7. Banking associations of Uzbekistan together with the Ministry of investments and foreign trade with involvement of foreign experts, in three-months time to provide development and deployment in practice of commercial banks of set of diversified instruments of financing of the foreign trade transactions of exporters.

8. Government commission concerning development of export and investments (S. U. Umurzakov) to approve procedure for provision by the Agency of financial resources to commercial banks for the credits for the trading activities connected with export and preexport financing in a month.

9. Make changes to some acts of the President of the Republic of Uzbekistan according to appendix.

10. To the ministry of investments and foreign trade together with the Ministry of Economic Development and reducings poverty, the Ministry of Finance, and also the interested ministries and departments in two-month time to make in the Cabinet of Ministers offers on the changes and amendments in the legislation following from this Decree.

11. To impose control of execution of this Decree on the deputy prime minister of the Republic of Uzbekistan S. U. Umurzakov.

President of the Republic of Uzbekistan

Sh. Mirziyoev

Appendix

to the Presidential decree of the Republic of Uzbekistan of October 21, 2020 No. UP-6091

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SoyuzPravoInform LLC.