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NEWS

Uzbekistan to Issue Subsidies to Silk-producing Enterprises

en.trend.az/
2 August 2019

Silk-manufacturing enterprises of Uzbekistan will receive subsidies from the state until August 1, 2022, Trend reports with reference to the Ministry of Justice of Uzbekistan.

Subsidies will be issued to compensate up to 50 percent of the cost of transporting 8 types of products by air and rail to the United States, the European Union and Turkey at the expense of the State budget, in accordance with the presidential decree "On additional measures for the development of deep processing in the silk industry".

Moreover, the cost of grains of the silkworm and other material and technical resources necessary for the production of cocoons, which are delivered by the enterprises of "Uzpaksanoat", will not be considered a turnover of the sale of goods.

Silk enterprises are given preferential prices for the purchase of transport, the supply of fertilizers and seeds.

Since the beginning of 2020, 50 percent of the fines imposed for illegal cutting of plantings have been sent to plant new mulberry seedlings on the territory of the violation.

Tax privileges established by legislation for legal entities with an export share of more than 15 percent from the sale of goods also apply to products made from raw silk and silk wool until January 1, 2021.