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President of Uzbekistan Shavkat Mirziyoyev signed a decree “On creation of free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Baisun-pharm, Bustonliq-pharm and Parkent-pharm”.
The decision was adopted to develop pharmaceutical industry of Uzbekistan and support producer of medicaments and medical products, saturate local market with high quality local medical products.
According to the decree, free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Baisun-pharm, Bustonliq-pharm and Parkent-pharm are created in Uzbekistan.
Zones are created in Jizzakh, Namangan, Syrdarya, Surkhandarya and Tashkent regions, as well as Karakalpakstan.
Uzbek leader ordered to develop a programme on creating industrial plantation and list of concrete types of medical plants, recommended for production with further deep processing and production of medicaments and dietary supplements in the territory of new free economic zones.
The decree said that modern production capacities on processing medical herbs and production of medicaments and medical products, auxiliary and packaging materials will be created in new zones.
This will help to deepen localization of production of pharmaceutical products based on local medical herbs and materials.
Economic zones created for 30 years with opportunity to extend it. Special tax, customs and currency regimes will be applied in new zones.
The participants will be exempted from payment of some taxes, mandatory payments and customs payments based on the size of their investments.
The participants of the zones will receive access to road-transport and engineering-communication infrastructure.
President also recommended banks to provide loans to create new production capacities at these zones and production of medical herbs.
If the project initiators have no enough resources to get the loans, the banks will supply equipment for leasing.
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