RECENT REFORMS IN THE CUSTOMS SYSTEM OF THE REPUBLIC OF UZBEKISTAN: REGULATING IMPORTS

In Uzbekistan, customs duties are of great importance in the development of foreign economic relations and they serve as a powerful lever which can be used to stimulate domestic production of high-tech products. The country currently pays much attention to the reform of its customs system which is of particular interest thanks to Uzbekistan’s recent resumption of WTO accession negotiations. In accordance with consecutive presidential resolutions the country is liberalizing its trade policies. The most significant change is decreasing the import duties which has caused vivid discussions in business circles. The main tasks of further liberalization of the foreign trade regime include revising customs duty requirements, eliminating complicated procedures and formalities for import, export and transit documents, and reviewing non-tariff barriers and bringing them into compliance with WTO agreements and norms. The purpose of this study is to document and characterize the ongoing reforms, the features of the current customs system with regard to imports, and to evaluate the actual import costs in Uzbekistan.

RECENT REFORMS IN THE CUSTOMS SYSTEM OF THE REPUBLIC OF UZBEKISTAN: REGULATING IMPORTS

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