Spotlight On Uzbekistan: Kinstellar's Regular Look At The Uzbek Market

November 2018 - Spotlight on Uzbekistan: Kinstellar's regular look at the Uzbek market

Uzbekistan signed the Paris agreement on climate change

Uzbekistan has joined the Paris agreement on climate change.

The signing ceremony took place at the United Nations headquarters in New York on 19 April 2017. On 27 September 2018, the Senate Oliy Majlis approved the law on ratification of the Paris agreement (Paris, 12 December 2015).

The Paris agreement is a document adopted within the UN Convention framework on climate change that regulates measures to reduce carbon dioxide in the atmosphere from 2020.

To date, 170 countries have ratified the agreement, pledging to take measures to reduce emissions, re-equip and adapt to climate change, in particular, to make efforts to limit the global temperature growth to 1.5 degrees Celsius.

Customs exemption for the import of certain products

Presidential Decree No. 3479 was adopted earlier this year in order to ensure the efficient use of available production capacity, as well as to provide support to domestic enterprises. The Decree approved the types of products of raw materials and goods for import (it includes cement, asbestos, glass construction, timber and coal), which are granted an exemptionon customs payments1 until the beginning of 2019. In September, an exemption from customs payments on coal was extended until 2020.2

Sale of state objects at the starting price of 1 soum

In accordance with the Cabinet of Ministers Decree No. 4543 dated 16 June 2018, via a single electronic trading platform "E-IJRO AUKSION" (e-auksion.uz) it became possible to buy unused state objects at a starting price of 1 soum.

In addition, with the release of the Presidential Decree "On additional measures to simplify the procedures for the implementation of business entities of state property and land rights", khokims (local government administrations) of the cities and districts can dispose unused state objects without an auction, that is, through negotiations with investors, if the amount of investment is not less than 1 million US dollars.

Moreover, for business and urban development (worth at least 1 million US dollars), the use of land (from the category of non-irrigated land) has become possible for a period of up to 50 years.

Furthermore, the right of permanent use of the land plot regardless of the category of lands, for the creation of objects of roadside and tourist infrastructure on standard projects can be granted...