Interview: Uzbekistan an lively participant within the world commerce system


New Europe in an unique interview throughout the first Tashkent Worldwide Funding Discussion board, spoke to Laziz Kudratov, Uzbek first deputy minister for funding and commerce, in regards to the cooperation with necessary companions like Europe, US, UK and the WTO.

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New Europe: Are you able to discuss to me in regards to the relations with the EU? Uzbekistan is benefiting from the GSP + however there are additionally discussions about different agreements.

Laziz Kudratov: Final yr in April my nation grew to become a beneficiary from the GSP + system, it opened nice alternatives for us, first it supplied us with the entry to the very massive European shopper market and naturally this may assist us to extend our export and permit us to numerous our export to new premium markets.

After all, this requires to our exporters to regulate and to our producers to raise their manufacturing manufacturing to a brand new stage in order that their product may meet the expectations requirements and calls for of the EU shoppers. This can be a massive alternative however additionally it is a giant accountability that’s why we’ve got began to implement particular applications which can be tailor-made to our producers and exporters, it’s key to coach them in order that they perceive the necessities of the EU entry to the market but additionally about what requirements are wanted in time period of labeling and high quality. We already see that the export from Uzbekistan to Europe is rising particularly: textile, agriculture, chemical and a few steel merchandise. Uzbekistan have then with GSP the duty to satisfy with the worldwide conventions on human proper, free society and that is precisely what the coverage of my nation is about.

Through the plenary session of the Tashkent Worldwide Funding Discussion board the President of Uzbekistan Shavkat Mirziyoyev made a powerful message and dedicated to develop a free society, he declared that the principle concept behind all his reforms is to “make sure the proprietor and respect of human being”, that is the principle motto of our President. With the EU my nation can be discussing and finalizing the improved partnership cooperation settlement (EPCA) we anticipate quickly hopefully a ultimate spherical of discussions and negotiations in regards to the doc, we’re very optimistic for the ultimate signing.

As quickly we’re prepared for that, we’re additionally planning to prepare a go to of our President to Brussels to preliminary this doc. EU is without doubt one of the largest export vacation spot and supply of investments, applied sciences and know-how that’s permitting our financial system to be extra aggressive. We’re dedicated to boost our cooperation with EU and convey extra corporations from the EU to do enterprise and function in our nation.

NE: There may be additionally the accession to WTO amongst your priorities. Are you able to give me an replace?

LK:We’ve a Deputy Minister devoted solely to our accession to the WTO, when President Mirziyoyev got here he understood the necessity of Uzbekistan financial system to be built-in into the worldwide commerce system, he then tasked the federal government to make sure the accession of our nation to this group quickly. We predict to have the subsequent spherical of working group for our accession hopefully in April then in parallel discussions began with all WTO members, the principle aim of those discussions is get their consent. I feel we’d like a yr or two to finalize the method. After all, this path mustn’t hurt our financial system that why we’re negotiating that our manufactures may benefit from the WTO membership.

NE: That are the brand new instruments that might entice traders to Uzbekistan? Are there particular tax advantages?

LK:We’re designing a enterprise pleasant tax system, that is the duty set by the President to the related authority, he instructed them to be buddies and supporters of entrepreneurs and to not punish them for his or her errors however quite guiding them. If our tax officer sees that they’re doing errors they need to not put penalties on them, they need to simply information them to be extra environment friendly. A change of mentality of our taxation is required.

The Doing Enterprise report of the World Financial institution was related two or three years in the past however at the moment Uzbekistan was among the many 10 prime international locations by way of ease in establishing of a enterprise. You are able to do it on-line and in quarter-hour you may go together with your passport to the only window which you will discover in each place. One other mechanism that we’ve got is the Free Financial Zones, industrial zones in every area, residents of the zones they get pleasure from tax customs advantages. They get land, plugging infrastructure, they get linked to all of the utilities. We had good outcomes and there was a development of overseas corporations in free financial zones, then to be able to assist the arrange of huge scale initiatives we put in place the Uzbek Direct Investments Fund that covers dangers of traders in our nation. They supply fairness and so they co-invest as much as 49%, we perceive the difficulties of first time traders, this fund was established a yr in the past to carry confidence to overseas traders, the state is usually a companion and share the danger collectively.

My nation needs the rise the free financial zones (FEZ) as a result of we see the necessity of it, we’ve got just lately constructed one in Tashkent and one other is below building subsequent to the border with Afghanistan. Now we’ve got connectivity points with Pakistan and there’s a massive demand for merchandise from Uzbekistan.

NE: You’re then a part of the “Silk highway”, do you’ve gotten any replace?

LK: We are attempting to revive this historical route pushing on new infrastructure initiatives, one undertaking is the railway which is able to join China with Uzbekistan, now with the brand new authorities in Kyrgyzstan they’re additionally dedicated, we’ll quickly transfer to sensible section with a feasibility examine and hopefully we’ll mobilize additionally worldwide financing to assemble this new railway. One other massive infrastructure undertaking is between Termez and the border with Pakistan, a 700-km railway which is able to join enormous markets of south Asia together with India, Bangladesh and Pakistan with central Asia and Europe. For instance, items from India will be capable to attain Europe two weeks sooner and it will likely be 20-30% inexpensive.

NE: Do you assume that sooner or later it could be attainable to begin speaking a couple of Uzbekistan-EU free commerce settlement?

LK: Sure, why not, Uzbekistan needs to be a part of the worldwide commerce system, we began negotiation for a FTA with Korea final month and we’ve got concluded an settlement on preferential commerce with Pakistan. An FTA with the EU gained’t be a simple activity however I feel it is perhaps attention-grabbing to discover it at the least. First we must analysis and do some analyses after which transfer to a choice.

NE: What do you consider the commerce relations with US and UK?

LK:With the UK we managed to be the primary nation to signal an enhanced GSP, with US market in fact the geographical location negatively influence on commerce however nonetheless we see larger curiosity by way of sourcing textile merchandise in Uzbekistan. We then don’t wish to restrict our-self to textile, we’ve got already provides on chemical merchandise, supplies and meals. We have an interest to have extra US corporations right here, few weeks in the past we visited the US and talked to corporations, banks, they’re studying about our nation. Now it’s key to tell extra aggressively traders in Europe and US in regards to the alternatives my nation can provide, we perceive that there’s a lack of correct details about Uzbekistan that why media assist is required now.


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