TRT Avaz: By supporting export volumes, Uzbekistan seeks to maintain the flow of funds to the country
31/05/2020 16:32
TRT Avaz: By supporting export volumes, Uzbekistan seeks to maintain the flow of funds to the country
31/05/2020 16:32
Tashkent, Uzbekistan (UzDaily.com) -- An article was published on the information portal of the Turkish international television channel TRT-Avaz on the efforts of Uzbekistan to support the economy against the backdrop of damage from the pandemic of a new coronavirus infection, Dunyo reported.
In particular, it refers to the March decision of the government to reimburse up to half the transport costs of exporters.
With reference to the chairman of the Association of Exporters of Uzbekistan, Mukhtar Umarov, it is reported that earlier this rule applied only to expenses by rail, but from 1 April, half of the transport costs of exporters are also compensated in case of deliveries of goods by road or air.
“The decision of the government helps not only to prevent a decrease in export volumes, but also to maintain the flow of financial resources into the country. The subsidies concerned the supply of fruits, vegetables, textiles and knitwear, which constitute a significant part of the country’s exports,” the head of the association is quoted.
The article also notes that in January-April, the volume of foreign trade of Uzbekistan decreased by US$1.2 billion (10.7%) compared with the same period of last year. During this period, the country’s exports decreased by 10.6 percent compared to the same period of the past, and imports by 10.8 percent.
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