Tashkent, Uzbekistan (UzDaily.com) -- The export support system will be changed in Uzbekistan. This was announced by the President of Uzbekistan Shavkat Mirzaev.

In accordance with the requirements of the World Trade Organization, the Export Agency will be reorganized into a Trade Development Company.

Under the new system, the Ministry of Investment determines which products are most popular in which foreign markets. Intergovernmental agreements will be signed to access them.

The Chamber of Commerce and Industry will help entrepreneurs adapt to the requirements of new markets.

The trade development company will provide subsidies, loans and assistance based on the new entrepreneurship rating, primarily to exporters entering new markets with high value-added products.

The President ordered the implementation of this system from 1 March 2024.