Uzbekistan Pushes For Growth Of Domestic Transport And Logistics Services
Date
1/11/2025 3:07:46 PM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, January 11. Uzbekistan is
set to increase the share of domestic companies providing freight
forwarding services in the transport and logistics sector, Trend reports.
This decision was made during a meeting chaired by President
Shavkat Mirziyoyev.
Currently, a significant portion of freight forwarding services,
which connect shippers with carriers, is handled by foreign
companies in Uzbekistan. To support local freight forwarders, the
government has announced that value-added tax (VAT) will no longer
be applied to their services in international transportation. This
initiative aims to raise the share of domestic companies in the
sector to 45–50%.
As part of this strategy, Uzbekistan plans to double the volume
of international freight operations and increase the export of
transport services to $3 billion.
The meeting also highlighted the importance of boosting transit
freight volumes through Uzbekistan. In recent years, improved
infrastructure and favorable conditions have helped the country
climb the World Bank's Logistics Performance Index. This growing
transit potential not only attracts more investment but also
strengthens trade and economic ties on a broader scale.
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