Uzbekistan Extends Preferential Policies In Textile Field

Uzbekistan is the world. cotton Big producer, at present Unginned cotton The annual output is about 3 million -400 million tons, ranking fifth in the world. Cotton exports account for second in the world. In order to further develop the cotton textile industry Uzbekistan Textiles in international market Of Competitive power Recently, the president of Uzbekistan signed an order to extend a series of preferential policies in the textile field to January 1, 2016. One of the best ways is to produce products (including semi-finished products) for cotton spinning enterprises. yarn Cloth, Woolen cloth If more than 80% of the yarn is used for export, it will be exempted from property tax. The two is to allow cotton spinning enterprises owned by Uzbek light industry companies to use freely convertible currencies to purchase textile semi finished products at no lower than the international market price, but the products must be exported for more than 80%. Three, the import of chemical agents, pigments, excipients, accessories and subsidiary materials that are not produced by the cotton spinning enterprises of the Uzbek light industry company are exempt from import duties. Four, the contract price of the lint sold by the foreign trade department of the Ministry of foreign trade and economic cooperation to cotton spinning enterprises in 2010 is determined on the basis of the A index and Uzbek index on the delivery day, and it can also be offered 21% on this basis.

Under the stimulation of preferential policies in Uzbekistan, some foreign enterprises and companies began to target investment cooperation in Uzbekistan textile market. For example, a company in Singapore invested $55 million between 2010 and 2013 to establish textile production joint ventures on the basis of Uzbek "Kokand textile mill". The joint venture registered capital of 20 million US dollars, of which Singapore shares accounted for 75% and Ukrainian foreign economic activity bank accounted for 24%. According to the stipulated investment obligations, the Singapore company invested no less than 55 million US dollars in 4 years to organize production, of which $15 million is the company's own capital and 40 million US dollars for foreign bank loans. After the joint venture was put into operation in 2013, the annual processing capacity of lint reached 20 thousand tons, with an annual export volume of US $30 million.

From 2006 onwards, the Ukrainian government announced the sale of 220 bankrupt textile enterprise assets. From 2006 to 2009, foreign investors invested 280 million US dollars in acquiring Ukrainian bankrupt textile enterprise assets, including a India company buying a Tashkent textile company for 81 million US dollars, and South Korea's "Daewoo International" purchased Fergana textile company for 68 million dollars.