Uzbekistan plans to decrease import volume for US$1.1bn in 2017

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan plans to decrease imports for over US$1.1 billion soums due to localization of production in 2017, the Ministry of Economy of Uzbekistan.

The ministry said that studying the enterprises helped to reveal additional reserves to decrease imports for over US$1.1 billion in 2017 or by 23% due to purchase of localized goods by enterprises and organizations.

Uzbekistan realized about 2,000 localization projects in 2010-2016, which helped to decrease imports for over US$7.5 billion.

In last three years, Uzbekistan cut imports for over 100 goods and decrease imports twice on over 350 products.

Currently, over 400 localization projects for over 900 billion soums were placed, which will be included to localization programme.

The ministry recalled that the localization programme for 2017-2019 was approved in the end of December 2016.

Within the programme, it is planned to realize 1,146 localization projects with total volume of production for US$3.4 billion of competitive import-replacing goods.

In particular, it is planned to realize 960 projects with total volume of production of goods for about 6.5 trillion soums in 2017.

It also determines a list of 122 demanded products, recommended to master production by the Uzbek enterprises.

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