Fund for support of exports of small businesses helps 153 companies
07/02/2014 11:37
Fund for support of exports of small businesses helps 153 companies
07/02/2014 11:37
Tashkent, Uzbekistan (UzDaily.com) -- Fund for support of exports of small businesses and private entrepreneurs under the National Bank of Uzbekistan for Foreign Economic Activity helped 153 business entities to sign export agreements for over US$56 million.
In particular, the fund helped Zartola Textile and Dae Yong Licoris signed export contracts for US$66,100. Besides, the fund provided financial assistance to Asklepiy-Swift for 150 million soums and to find foreign partners. In the result, it signed two export contracts for over US$1 million.
The Fund analyzed external markets to reveal potential to export local products. The Fund found out that there are demand for 16 types of goods and 15 types of services in 173 countries, which can be provided by the Uzbek businesses, UzA reported.
The Fund also studied products of over 14,300 small and private businesses to determine level of competitiveness of their products at the external markets. Based on the study, it can be said that over 1,600 companies have chance to export their products in 2014.
The Fund established cooperation ties with over 57 foreign companies to promote products and services of small and private businesses.
This year, the Fund plans to provide support to over 370 local businesses via rendering legal, financial and organization services to promote their products in external markets. The fund will also help to find potential buyers and prepare export agreements, certify their products, obtain permissions, etc. The fund will also help local businesses to participate in tenders abroad and establish contacts with foreign buyers at various fairs. It is planned to sign export contracts for US$580 million in 2014.
Fund for support of exports of small businesses and private entrepreneurs of Uzbekistan was founded in August 2013 under the National Bank of Uzbekistan for Foreign Economic Activity. It has branches across Uzbekistan.
President of Uzbekistan Islam Karimov exempted the Fund from payment of all taxes, duties and payments to the state funds, except single social payment.
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