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Home / Business / Uzbekistan and EU Noted out a Double Licensing Sys...

Uzbekistan and EU Noted out a Double Licensing System for Textile Specialists

The European Parliament approved at the plenary session December 14 the Protocol amending the Agreement on Partnership and Cooperation between the European Union and Uzbekistan in connection with the abolition of the double licensing system for textile products trade.

According to the EU Trade Commissioner Cecilia Malmstrom, “Ratification of the Protocol will create reciprocal MFN status, providing for granting customs benefits and benefits in respect of internal taxes and charges levied on the production, processing and circulation of textile products imported into the EU from Uzbekistan. In addition, the document will ensure the removal of quantitative restrictions on trade in textile products, ensuring the principle of free trade and transit.”

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