OREANDA-NEWS. On 30 June 2008 was announced, that Uzbekistan approved the 2008-2010 Program on localization of production of finished goods, spare parts and materials on the basis of industrial cooperation

The localization program was developed by the Uzbek Ministry of Economy, the Ministry of Foreign Economic Relations, Investment and Trade, the Ministry of Finance and the Uzbek Chamber of Commerce and Industry cooperatively with national companies, associations and industries.

According to the target parameters of production and localization level of basic industrial products for 2008-2010 the localization program mainly focuses on increase of production of up-to-date import substituting and competitive finished goods, component parts and technical units in such sectors as car industry, agricultural machine building and production of home appliances. The localization level of production of “Nexia” (N 150, Euro 3) is to increase from current 51.4 to 56.0 % by 2010, “Matiz” (M 150, Euro 3) from 50.7 to 55.0 %, IL 76 and IL 114 airliners from 21.0 to 27.0%, TTZ wheeled tractors from 58.0 to 64%, Case New Holland multipurpose tractor from 34.0 to 36.5%, Sino home refrigerators and freezers from 67.0 to 75.0%, Roison Electronics air conditioners from 35.0 to 45.0%, Roison Electronics color TV sets from 45.0 to 49.0% and Zenith Electronics DVD players from 30.2 to 45.0%.

President Islam Karimov’s Resolution “On 2008-2010 Program on localization of production of finished goods, component parts and materials on the basis of industrial cooperation” releases manufacturers of component parts from customs till January 1, 2011 for imported technological equipment and its spare parts, imported components used in the technological process in manufacturing localized products.

Till January 1, 2011 these manufacturers are released from income tax, single tax payment (for business entities which use simplified taxation scheme) for goods produced under localization projects and property tax on basic production funds invested in manufacturing the localized products.

The restrained funds are directed to launching of new production, development, reconstruction, modernization, technical and technological re-equipment of functioning industries, purchase of raw materials necessary for manufacturing the localized products, encouragement and promotion of technical and engineering staffs of industries involved in the implementation of localization program.