The management of the Ministry of Investments and foreign trade, the Ministry of economy and industry, the State Customs Committee and the Chamber of Commerce and industry of the Republic of Uzbekistan who participated in the event provided detailed information on the factors that influenced the adoption of this Decree and expected results.
It should be noted that this Decree was adopted in order to diversify the national economy, support the competitiveness of domestic producers, create conditions for innovative development and organize export-oriented industries for the production of high value-added products, as well as create a favorable investment climate in the country. The resolution approved new rates of import customs duties.
Deputy Chairman of the State Customs Committee M. Saliev, who took part in the briefing, spoke in detail about the essence and significance of this Decree.
It is noted that out of 11,293 commodity items in the commodity nomenclature of foreign economic activity:
on 7261 positions the rates remained unchanged
new bids for 2730 positions
on 1096 positions there was a slight increase
on 208 positions there was a slight decrease
As a result of the changes, the arithmetic average of import customs duty rates was 8%.
At the conference, journalists were informed about the impact of changes in customs rates on domestic consumption, a comparative analysis of customs rates with customs rates of foreign countries.
Another important point is that goods imported from the CIS countries are not subject to import customs duties in accordance with the Free Trade Area Agreement.
CIS countries accounted for 50% of the total amount of taxable goods imported into the country over the past 9 months of this year.
When analyzing the majority of imported goods for the first 9 months of 2019, the total customs duty rate averaged 27.19%.
At the end of the event, journalists and representatives of the media received answers to all their questions.