Fund for support of exports of small businesses helps to export goods for US$207m
28/04/2014 16:52
Fund for support of exports of small businesses helps to export goods for US$207m
28/04/2014 16:52
Tashkent, Uzbekistan (UzDaily.com) -- Fund for support of exports of small businesses and private entrepreneurs under the National Bank of Uzbekistan for Foreign Economic Activity helped to export goods of small businesses for US$207.3 million, the article, published by Ministry of Economy and State Statistics Committee of Uzbekistan said.
According to the publication, the Fund helped 448 small businesses to promote their products to exports for US$207.3 million.
Specialized Foreign Trade Company Uztadbirkoreksport exported products of small businesses for US$208.6 million.
Fund for support of exports of small businesses and private entrepreneurs of Uzbekistan was founded in August 2013 under the National Bank of Uzbekistan for Foreign Economic Activity. It has branches across Uzbekistan.
President of Uzbekistan Islam Karimov exempted the Fund from payment of all taxes, duties and payments to the state funds, except single social payment.
Specialized Foreign Trade Company Uztadbirkoreksport created by presidential decree from 24 August 2011 “On additional measures to achieve the most favorable business environment for further development of small and private business.”
The main tasks of the company are assisting to small and private businesses in realization their products for export by direct export contracts, and also through create trading houses abroad, organization of pre-export financing secured with active export contracts products of small and private businesses, implementation of delivery under orders of small and private businesses are not produced domestically, processing equipment, spare parts, components and raw materials, etc.
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