Confectionery enterprises will be supported by finances.

The President signed the Decree of 21.11.2023 UP-198 «On additional measures for the production of high-quality and competitive products in selected branches of industry», reports Norm.

The Export Support Fund will provide financial resources for export and pre-export trade to confectioners for up to two years, based on exports over the past 12 months, as follows:

up to $1 million - with exports up to $500,000;

up to $2 million - with exports ranging from $500,000 to $4 million;

up to $3 million - with an export volume of over $4 million.

Until 1 January 2025:

Packing and labelling products used in the manufacture of a wide range of confectionery products are exempt from customs duty (TH FEA Codes 3919 108 000 and 3921 906 000);

Producers of yarn are reimbursed 50 per cent of transport costs from the Export Promotion Agency when importing cotton and artificial fibres for their needs (except imports from neighbouring States).

Also:

By 31 December 2024, the effective fee for the export of yarn is reduced by a factor of 5 to $0.01 per kilogram;

until December 31, 2024, the enterprises, in the total revenue of which from the sale of painted fabric and dyed fabric, the share of sale of this product in the domestic market is at least 50%, the right to payment of social tax at the rate of 1% and deferral of payment of tax on the property of legal entities for a period of up to three years;

Until 1 October 2026, certain goods necessary for the operation of textile and sewing-knitting enterprises are exempt from customs duty when they are imported;

Extension of the period of instalment payments for leasing of land and buildings in industrial zones from the current 12 months to 24 months.

Source: https://www.uzdaily.uz/ru/post/81456