Cancellation of import duties in Uzbekistan may negatively affect demand for goods from Russia
2021-06-16 02:37

Cancellation of import duties in Uzbekistan may negatively affect demand for goods from Russia

The Uzbek authorities' decision to abolish import duties on almost 700 types of technological equipment may adversely affect demand for such products from Russia, as now domestic goods under the CIS free trade zone agreement are not subject to customs duties when imported into Uzbekistan. This was reported to the "Made in Russia" project by the trade mission of the Russian Federation.

In June, the Cabinet of Ministers of the Central Asian country decided to abolish import duties for 676 types of technological equipment.

"Based on the protocol on the application of the CIS free trade zone agreement of October 18, 2011, customs duties are not applied to imports of goods from Russia in Uzbekistan. In this regard, we note that the dynamics of demand for Russian goods from the list of technological equipment exempted from duties and VAT may change in the negative side, given the current equal availability of goods in the market of other producer countries and increased niche competition," the Russian trade mission in Uzbekistan explained.

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Author: Ksenia Gustova