PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of September 2, 2023 No. UP-155

About additional measures for financial support of the textile industry

For the purpose of complete mobilization of the available opportunities of the companies of the textile industry, further increase in their export potential:

1. Allocate in 2023 from Fund of reconstruction and development on the basis of orders in addition 50 million US dollars to Fund of support of export for providing with current assets the companies performing export of fabrics, knitted cloth and finished sewing and knitted goods on the basis of revolving crediting with return condition till January 1, 2026 at the rate 4 annual interest rates.

2. Make changes to the Presidential decree of the Republic of Uzbekistan of January 10, 2023 No. UP-2 "About Measures for Support of Activities of Cotton and Textile Clusters, Radical Reforming of the Textile and Sewing and Knitted Industry, and also Further Increase in the Export Potential of the Sphere" according to appendix.

3. To impose control of execution of this Decree on the deputy prime minister Zh. A. Hodzhayev.

Appendix

to the Presidential decree of the Republic of Uzbekistan of September 2, 2023 No. UP-155

The changes made to the Presidential decree of the Republic of Uzbekistan of January 10, 2023 No. UP-2 "About Measures for Support of Activities of Cotton and Textile Clusters, Radical Reforming of the Textile and Sewing and Knitted Industry, and also Further Increase in the Export Potential of the Sphere"

In the subitem "an" of Item 2:

in the paragraph the second the words "in 2023 means in the amount of 50 million US dollars, in 2024-in the amount of 150 million US dollars with return condition till January 1, 2026 at the rate 4 annual interest rates" shall be replaced with words "in 2023 means in the amount of 100 million US dollars, in 2024 - in the amount of 150 million US dollars with return condition since August, 2024 till January 1, 2026 at the rate 4 annual interest rates";

in paragraph three to replace figure "100" with figure "50".

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