Fund for supporting of exports to render assistance to export goods and services for US$1bn
18/03/2015 10:41
Fund for supporting of exports to render assistance to export goods and services for US$1bn
18/03/2015 10:41
Tashkent, Uzbekistan (UzDaily.com) -- Currently, 19,000 enterprises of Uzbekistan were included to database on producers of demanded goods in international and regional markets.
The database includes information on products and services, produced at each enterprise. The database was formed based on marketing researches of the Fund for supporting exports of small and private entrepreneurs of Uzbekistan.
Narodnoye Slovo newspaper reported that the Fund actively works on establishing and developing cooperation with foreign trade organizations.
The fund signed memorandum of understanding with Korea International Trade Association (KITA). The document was signed within the visit of the delegation of South Korean business circles to Uzbekistan. Within the visit, Uzbekistan and South Korea signed over 10 agreements of intentions for export and attracting investments for US$40 million, Turkiston-Press reported.
The fund helps to businesses of Uzbekistan to participate in international exhibitions. Over 80 businesses used this opportunity. During the exhibition, they signed agreements for export of goods and services for US$67 million.
In 2015, the Fund is planning to place commercial proposals for export of over 3,000 enterprises of Uzbekistan at electronic trade platforms.
This year, the fund is planning to help to local businesses to export their products and services at least for US$1 billion.
Fund for supporting exports of small and private entrepreneurs of Uzbekistan was founded in 2013 under the National Bank of Uzbekistan for Foreign Economic Activity of Uzbekistan.
So far, the fund rendered legal, financial and organizational services to almost 2,400 business entities of Uzbekistan. The businesses signed export contracts for US$1.25 bilion. About 700 of them supplied goods for US$842.1 million so far.
Currently, specialists of the Fund are studying import needs of 173 countries on 16 goods and 15 services. For example, the fund studied Russian market and revealed that there is need for 1,500 tonnes of fruits and vegetables for US$5 million each month.
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