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All are equal: The government intends to abolish individual benefits and preferences for the importation of food products

Since February 1, 2018, Uzbekistan plans to abolish individual customs, tax and other benefits, as well as other preferences granted to certain economic entities for the importation of food products.

The corresponding draft decree of the President of Uzbekistan "On measures to further ensure food security of the country" since December 18 of this year is posted for broad discussion on the regulation.gov.uz portal. The discussion is scheduled for January 5, 2018.
"The dominant position of individual importers on the market is facilitated by the provision of individual privileges and preferences to them, creating exclusive working conditions for them, which leads to restricting access to the market for other business entities," the decree reads.

"The current situation in this area reduces the business activity and investment attractiveness of Uzbekistan, causing serious damage to the country's reputation in the international arena," the decree said.

According to the document, the Cabinet of Ministers of the Republic of Uzbekistan is prohibited from adopting decisions that provide individual economic entities with individual customs, tax and other benefits, as well as other preferences for the importation of food products into the republic.

The decree in a month's time gave the task to develop a set of measures for 2018 to find and attract suppliers of food products, create equal conditions for them to enter the market, assist them in concluding contracts, transport and store imported products, as well as other measures aimed at full satisfaction of the population's demand for high-quality, affordable food products.

Measures should also envisage the creation of specialized storage facilities, storage facilities, refrigerating chambers, modern high-tech, energy-efficient equipment for processing and packaging of food products in all regions of the republic on the terms of public-private partnership.

It is established that since February 1, 2018 the purchase of socially important types of food products at the expense of the Fund for the Promotion of Price Stabilization in the Internal Consumer Market, as well as the sale of food products from the state strategic and mobilization reserves subject to refreshment, is carried out exclusively through the system of open electronic trades in commodities exchanges.

From the same period, it is planned to cancel the ban on the sale (purchase) of consumer goods on commodity-raw stock exchanges of the republic; for the acquisition and sale of food products in open electronic trading of commodity exchanges is not required the availability of a license to carry out wholesale trade.

Detailed information on the planned purchases of food products, receipts and expenditures of the Fund's funds should be published monthly in the Unified Portal of Interactive Public Services of the Republic of Uzbekistan.

Exchange brokers are entitled to apply to commercial banks for the purchase (sale) of foreign currency on behalf of a non-resident client at the expense of funds received from the sale of products in public electronic trading of commodity exchanges, and non-residents - legal entities - to open accounts in commercial banks of the Republic Uzbekistan and to purchase (sell) foreign currency at the expense of funds received from the sale of products in open electronic trading of commodity exchanges.
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