Area
Uzbekistan
Commodity Group
Oilseeds, oils and meals
Commodity
Oils and fats
Date
01/01/2018
Policy Category
Production
Policy Instrument
Sector development measures
Description
Issued a roadmap for the accelerated development of the countrys oils and fats industry, including a one-year exemption from payment of value-added tax for oil/fat manufacturers.
Notes
Local media reported that the Government has issued a road map for the accelerated development of the countrys oils and fats industry. The plan provides for the expansion of the industrys resource base and the modernization of equipment used. Specific measures include a one-year exemption from the payment of value added tax for oil/fat manufacturers, beginning in January 2018. Furthermore, the Government would set a fix price for the sale of cottonseed oil to socially vulnerable parts of the population (see also MPPU Dec.17). Such price would be determined taking into account manufacturers production and marketing costs.
