BAKU, Azerbaijan, September 26. Uzbekistan is considering attracting $50 billion of overseas funding within the agricultural sector of the nation, the Minister of Agriculture of Uzbekistan, Aziz Voitov mentioned on the 2nd Turkic Agro Business Forum in Baku, Trend experiences. The minister famous that the textile trade, gardening, animal husbandry, seed manufacturing and others are essential and promising sectors within the agricultural sector of Uzbekistan.
He added that the federal government of Uzbekistan gives subsidies to farmers for the introduction of water-saving applied sciences and the acquisition of seeds. In addition, Voitov mentioned that this platform gives enormous alternatives for negotiating contracts and stimulating enterprise within the subject of agriculture.
Uzbekistan has historically employed a system of state assist and subsidies for its agricultural sector. The Assistant Food and Agriculture Organization of the United Nations (FAO) Representative in Uzbekistan Sherzod Umarov had mentioned that there’s a have to align these mechanisms with worldwide commerce guidelines and rules. This includes guaranteeing that subsidies supplied to agricultural producers are clear, non-discriminatory, and adjust to WTO tips.
Source: BUSINESS LEND