Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Tashkent, May 13 /Xinhua/ — Uzbekistan is considering an initiative to abolish the double rate of customs duties on a number of imported goods, the UzDaily.uz news portal reported on Tuesday.
As reported, the relevant bill, aimed at introducing amendments and additions to the Customs Code, was approved by deputies of the Legislative Chamber of the Oliy Majlis (lower house of parliament) in the second reading.
It is indicated that the document proposes abandoning the practice of applying increased duties in cases of import of products from countries that do not have the most favoured nation treatment in trade and economic relations with Uzbekistan, as well as if the country of origin of the goods is not indicated.
As the deputies noted, the draft law is aimed at eliminating existing gaps in legal regulation, creating a more favorable investment climate and actively attracting foreign investment. In addition, its adoption will bring national legislation closer to the standards of the World Trade Organization and will facilitate the expansion of the country’s foreign economic relations. –0–