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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of February 22, 2021 No. PP-4998

About measures for creating favorable conditions for further development of the jewelry industry

(as amended of the Resolution of the President of the Republic of Uzbekistan of 02.06.2021 No. PP-5133)

For the purpose of effective use of capacities on production of jewelry from precious metals and gemstones, enhancement of allowing procedures and elimination of bureaucratic barriers in this sphere, and also strengthenings on this basis of personnel potential due to creation of new workplaces and training of young specialists:

1. Approve offers of the Ministry of Economic Development and reducing poverty, the Central bank and Uzbekzargarsanoati Association on implementation for a period of up to March 1, 2023 of procedure for realization of precious metals to producers of jewelry on the basis of the direct contract or with payment deferral condition.

Determine that:

within the State order on production of precious metals of JSC Navoiy Mining and Smelting Plant and JSC Almalyk Mining and Smelting Plant realize precious metals to producers of jewelry in the form of raw materials without resell right based on the direct agreement or through the commodity and raw exchange with implementation of 15 percent advance payment from cost and payment deferral condition for 180 days;

for purchase of precious metals on the basis of the direct agreement producers of jewelry address to JSC Navoiy Mining and Smelting Plant and JSC Almalyk Mining and Smelting Plant with indication of the need for precious metals;

for the purpose of guaranteeing payment for the precious metals acquired through the commodity and raw exchange with payment deferral condition for 180 days, producers of jewelry in coordination with JSC Navoiy Mining and Smelting Plant and JSC Almalyk Mining and Smelting Plant provide guarantee of JSC Uznatsbank;

JSC Uznatsbank provides the bank guarantee on the precious metals realized through the commodity and raw exchange with payment deferral condition for 180 days at the rate to 85 percent (inclusive) from the amount of the contract with collection of the commission to 2 annual interest rates;

settlings with JSC Navoiy Mining and Smelting Plant and JSC Almalyk Mining and Smelting Plant for implementable precious metals are performed proceeding from the price of morning fixing of the London exchange of precious metals and Central Bank rate on the maturity day;

pearls, diamonds and gemstones are not assessed with import customs duties (line items of the Commodity Nomenclature of Foreign Economic Activity of 7101 - 7104 appendices No. 1 to the resolution of the President of the Republic of Uzbekistan of June 29, 2018 No. PP-3818 "About measures for further streamlining of foreign economic activity and enhancement of system of customs and tariff regulation of the Republic of Uzbekistan").

2. Determine that in 2021 the amount of precious metals necessary for realization with payment deferral condition, is allocated to JSC Navoiy Mining and Smelting Plant and JSC Almalyk Mining and Smelting Plant within amount of the precious metals realized by means of the exchange biddings and based on direct agreements.

To the Ministry of Economic Development and reducings poverty together with the Central bank and Uzbekzargarsanoati Association when forming the State order on production of precious metals for 2022 and 2023 to provide allocation of necessary amount of precious metals for realization with payment deferral condition.

3. Establish procedure according to which since April 1, 2021:

a) drawing assay brand and personal brand of the producer is allowed to mechanical (percussions) or laser methods. At the same time the obligation on confirmation of authenticity of the personal brand applied on jewelry with laser methods is assigned to the producer;

b) the method of branding of jewelry assay brand and personal brand of the producer is determined by producers of jewelry independently;

c) to the legal entities having the license for the right of implementation of affinaging activities realization is allowed to physical persons and legal entities of self-produced measuring ingots. At the same time realization value of ingots is established by producers independently in the amount of at least the price of morning fixing of the London exchange of precious metals and Central Bank rate on the date of calculation implementation;

d) realization in the internal and external markets of the jewelry made of precious metals and precious (semiprecious) stones by means of electronic commerce is allowed;

e) check of the client, his representative and beneficial owner (reclamation of identity documents, certificates on state registration, constituent documents and other data) is not required by persons performing the transactions connected with precious metals and gemstones in cases:

implementation of settlement in cash form if the total amount of the transaction does not exceed the 600-fold size of basic settlement size;

implementation of settlement in non-cash form or by means of plastic cards of physical persons, irrespective of the total amount of the transaction.

At the same time in the presence of reasonable suspicions of participation of the client, his representative and the beneficial owner to legalization of income gained as a result of criminal activities, and financing of terrorism taking measures to check of the client, his representative and the beneficial owner irrespective of transaction amount and payment method is required.

4. To fund of reconstruction and development for the purpose of providing producers of jewelry with financial resources to allocate JSC Uznatsbank funds in equivalent of 30 million US dollars for a period of 7 years, including three-year grace period with interest rate is 4 Items lower than the main rate of the Central bank for the subsequent allocation of the microcredits.

5. Determine that JSC Uznatsbank at the expense of the means specified in item 4 of this resolution allocates to producers of jewelry the microcredits for equipment procurement, spare parts and raw materials for production needs and replenishment of current assets:

at the rate to 300 million sum for the term of three years, including grace period up to six months;

based on guarantee of the State fund of support of business activity and other types of providing, stipulated by the legislation.

6. To provide to the ministry of employment and employment relationships together with Uzbekzargarsanoati Association:

based on reasonable orders of Uzbekzargarsanoati Association the organization in the monocenters "Ishga Markhamat" and the centers of professional training of the Republic of Karakalpakstan, areas and the city of Tashkent of training courses for youth in the demanded directions of the jewelry sphere on the basis of modern skills, including by the method "ustoz-shogird";

attraction to training processes to use of modern and innovative technologies in the jewelry sphere of representatives of the production organizations and qualified specialists having skills of data application of technologies.

7. Approve Target parameters of production of jewelry, training of young specialists and creation of new workplaces in 2021 - 2023 according to appendix No. 1.

To the Ministry of Economic Development and reducings poverty, to the Ministry of employment and employment relationships, Uzbekzargarsanoati Association to perform necessary measures for complete and timely achievement of the target parameters provided by this Item.

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