Additional reserves to be identified for increasing exports

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February 28, 2018

Additional reserves to be identified for increasing exports

At the meeting devoted to analysis of execution of tasks on increasing exports and reducing imports, it was noted that previously made plans and given promises on exports were not executed. In particular, serious misgivings in this respect are caused by activities of “Uzagrotechsanoatholding” joint-stock company and “Uzbekozikovkatholding” company.

As emphasized at the meeting, there are many unused opportunities in the sphere of exports. There is lack of initiative and determination among responsible persons for their involvement.

Attention was paid to the fact that the import of building materials and pharmaceutical products is ten times higher than exports. In this regard, relevant instructions were given to the leadership of the Agency for Development of Pharmaceutical Industry and “Uzkurilishmateriallari” joint-stock company.

Possibilities for expanding exports are also available in the regions. Unused reserves for exports were identified during the trips of President Shavkat Mirziyoyev to Tashkent, Surkhandarya, Kashkadarya and Bukhara regions in January-February this year. In particular, additional sources of export of products for $95 million in Surkhandarya, $62 million in Kashkadarya, and $68 million in Bukhara regions were identified. Other regions also have great export potential.

In this regard, heads of complexes of the Cabinet of Ministers, the Ministry of Foreign Trade, the Council of Ministers of the Republic of Karakalpakstan, khokimiyats of regions and the city of Tashkent were instructed to identify additional reserves for increasing exports by sectors and regions, submit relevant proposals to the Cabinet of Ministers.