PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of January 21, 2022 No. UP-53

About measures for stimulation of deep conversion, production and export of finished goods with high value added the textile and sewing and knitted companies

For the purpose of implementation of mechanisms of further stimulation of deep conversion, production and export of finished goods with high value added the textile and sewing and knitted companies with effective use of the available source of raw materials in the republic:

1. Create Fund of support of textile industry (further - Fund) under the Agency of promotion of export under the Ministry of investments and foreign trade (further - the Agency) without formation of legal entity and to determine sources of forming of its income:

the funds allocated from Fund of reconstruction and development;

the charges levied when exporting cotton yarn and knitted cloth through customs border of the Republic of Uzbekistan, in the amount of, established by acts of the legislation;

charitable means of physical persons and legal entities, grants of the international financial institutions and foreign organizations;

other sources which are not prohibited by acts of the legislation.

2. Establish for the period from February 1, 2022 to January 1, 2025 procedure according to which:

a) subsidies in the amount of 10 percent of cost of the equipment which was purchased within project data, but 500 thousand US dollars which are not exceeding in equivalent at the expense of Fund are allocated to the companies which realized projects of production of colored cloth, mixed and colored fabric products in the Republic of Karakalpakstan and areas. At the same time it is necessary:

acquire the new equipment within the above-stated projects;

not include in equipment cost expenses on delivery and other additional services;

have the act of input of the project in operation;

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