On November 3 of this year, the President of our country signed two new documents "On measures for further liberalization of foreign trade activities and support of business entities" and "On measures to streamline the licensing of exports and imports of specific goods, as well as registration of export and examination of import contracts".

Members of the UzLiDeP faction pleased to see the documents, which will allow a broad participation of entrepreneurs in foreign economic activity.

In particular, the decree in a single body combines functions on optimization of export-import procedures, licensing of special types of goods for export and import. The licensing of jewelry, jewelry made of precious metals, precious stones and articles made of them, the examination of import contracts with the sum of more than $100,000 are also being canceled.

The new document unified the terms for the formation of overdue accounts receivable on foreign trade operations within 120 days from the date of export shipment for export and from the date of payment for import operations.

In general, these normative acts will remove unnecessary obstacles in the implementation of foreign trade activities by entrepreneurs, serve to create new opportunities for them, increase foreign exchange earnings to the country and further increase its export potential.

K. ERNAZAROV,

MP of the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan, member of UzLiDeP faction

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