PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of July 24, 1992 No. UP-445

About measures for stimulation of foreign economic activity, attraction and protection of foreign investments in the Republic of Uzbekistan

For the purpose of creation of necessary conditions for forward social and economic development of the Republic of Uzbekistan, activation of foreign economic activity, saturation of the domestic market by essential goods, attraction of additional capital investments, advanced equipment and experience of management, providing reliable guarantees of protection of the rights of foreign investors, effective use of the export potential of the republic:

1. Since August 1, 1992:

cancel the import taxes of all types of the goods delivered to the republic till January 1, 1994;

exempt till January 1, 1994 from payment of customs duties the import consumer goods delivered to the republic, food, medicines, medical equipment, and also the equipment, components and raw materials for their production.

2. Ceased to be valid

3. To Central Bank to enter since August 15, 1992 in the territory of the republic the foreign exchange rate, single for all types of transactions and transactions, determined on the basis of current rate in the foreign exchange market.

Together with the Ministry of Finance, the Ministry of external commercial relations and National Bank of foreign economic activity of the Republic of Uzbekistan in two weeks to develop drafts of regulations on currency control in the territory of the Republic of Uzbekistan.

4. To the Cabinet of Ministers:

in a month to approve the list of the licensed export and import goods (works, services) and procedure for licensing;

determine sale quotas through the exchanges of the licensed goods for their subsequent export;

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