Proposals for further developing and increasing the competitiveness of the jewelry industry considered

    President Shavkat Mirziyoyev got acquainted with a presentation on measures to develop the jewelry industry, support activities for producing and selling jewelry, and increase the export of finished products.

    Uzbekistan has enormous potential to increase the production and export of jewelry.

    As the Head of state noted, only 6 percent of the gold mined in the country is processed, and exports of products from it amount to only $78 million. Therefore, it is important to create jewelry zones with special conditions for entrepreneurs, review the supply of raw materials to the industry, train specialists, and improve the production chain and sales system.

    The Ministry of Economy and Finance and the Chamber of Commerce and Industry have developed relevant proposals in this regard.

    In particular, it is planned to improve the activities of the Uzbekzargarsanoati Association, expand its powers and reorganize the management system.

    To support industry producers, it was proposed that the benefits provided for members of the Hunarmand Association should also be applied to individual entrepreneurs – jewelry manufacturers who are members of the Uzbekzargarsanoati Association.

    The possibility of establishing a zero rate of customs duty and value-added tax on equipment, packaging, and labeling materials that are not produced in Uzbekistan and are used in the jewelry industry until October 1, 2026, is being studied.

    The issues of creating special jewelry centers, including production, exhibition, and trading areas, were considered. Information was presented on the placement of pilot projects in Tashkent and Namangan region.

    The issue of increasing the volume of jewelry exports was discussed. Under the GSP system, it was proposed to establish a zero-customs duty rate for the export of jewelry produced in the country to the United States.

    The Head of state instructed to finalize the presented measures and develop a program for developing domestic jewelry production until 2027.