AreaUzbekistan

Commodity GroupOilseeds, oils and meals

CommodityOils and fats

Date01/01/2018

Policy CategoryProduction

Policy InstrumentSector development measures

DescriptionIssued a roadmap for the accelerated development of the country’s oils and fats industry, including a one-year exemption from payment of value-added tax for oil/fat manufacturers.

NotesLocal media reported that the Government has issued a road map for the accelerated development of the country’s oils and fats industry. The plan provides for the expansion of the industry’s 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.