The sale of products for export on the stock exchange will begin in Uzbekistan.  Foreigners will be welcomed with privileges

Today 17 May, at a meeting, the president of Uzbekistan Shavkat Mirziyoyev instructed that the volume of export-import trade turnover of Uzbekistan must be brought to 500 million dollars by the end of this year.

According to the president, from 1 July, 10 thousand tons of copper, 50 thousand tons of ferrous metals, 15 thousand tons of sulphur, and 1 million square meters of building glass will be exposed for export stock.

In addition, the Ministry of Investment and Foreign Trade, together with foreign ambassadors and trade advisors, will also attract at least 100 major foreign manufacturers and wholesale enterprises to start trading in products such as mineral fertilizers, petroleum products, coal, and wood.

At the same time, from 1 July, on export-import operations by stock exchanges:

• The procedure for obtaining a mandatory EDS (Electronic digital signature) for foreign suppliers will be abolished;
• Prepayment and the payment of stock exchange services for foreign companies will be cancelled;
• Guarantees of payments to entrepreneurs will also be provided through the exchange clearing system, such as bank letters of credit.