Free trade zones with Kyrgyzstan and Turkmenistan open up new markets for Uzbek producers of fruits and vegetables


Free trade zones with Kyrgyzstan and Turkmenistan open up new markets for Uzbek producers of fruits and vegetables

06/15/2020

Free trade zones, in addition to creating favorable conditions for mutual trade in goods, will also contribute to the development of international and regional formats of wholesale and retail trade and a full range of logistics services in border regions.

In the Kungrad district of the Republic of Karakalpakstan (Uzbekistan) on the border with Turkmenistan, as well as in the Khojabad region of the Andijan region of Uzbekistan on the border with Kyrgyzstan, free trade zones will be created.

This is stated in the draft decree of the President of Uzbekistan published on the portal for the discussion of draft normative acts.

According to Radio Liberty, according to the project, free trade zones will be created for favorable conditions for mutual trade in goods, the development of modern international and regional formats of wholesale and retail trade, and the development of a full range of logistics services in border regions.

In addition, after the creation of free trade zones, it is planned to increase the well-being of the population and create jobs in the border areas.

At the same time, a free customs zone regime will be introduced – goods imported into free trade zones will be considered to be outside the customs territory of Uzbekistan.

Citizens of Turkmenistan and Kyrgyzstan can stay in free trade zones without a visa for five days.

The document is currently under discussion with the public, which will last until June 26.

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