Some notable legal changes in Uzbekistan in February 2022 included the strengthening of responsibility for violating the legislation on intellectual property, measures to develop animal husbandry, the creation of a chemical industrial park in the Tashkent region.
As sanctions have been imposed on Russia, one of Uzbekistan’s key economic partners, President Mirziyoyev has instructed the Cabinet of Ministers to develop an action plan for addressing possible negative consequences in each industry and region. Details of such measures are expected to follow.
Responsibility for violating the intellectual property (IP) legislation has been strengthened. Hence, among others, a fine of 100-200 times the baseline calculation value (approx. USD 2,500-5,000) has been set for legal entities engaged in the following:
The President has issued two Resolutions on developing the animal husbandry. The following is, among others, envisaged:
Based on an agreement between the municipality of the Tashkent region, JSC “Uzkimyosanoat” (Uzbekistan), and JSC “Khimgrad” (Tatarstan, Russia), a chemical industrial park has been established in the city of Chirchik in Tashkent region. Some of the main directions of the park activity include attraction of foreign and local investments for the manufacturing of highly demanded, import-substituting chemical products and the creation of energy efficient, environment friendly chemical facilities in accordance with the best international standards. The park has been established for 30 years. Special tax and customs incentives apply within the park including, among others, the exemption from customs payments for importing particular materials and equipment, and the exemption from the land and property taxes for 10 years. Investors operating within the park may also get guarantees from the State Fund for Supporting Entrepreneurial Activities for attracting loans for implementing relevant projects and a compensation of relevant interest expenses (certain thresholds apply).
Presidential Resolution No. PP-116 of 3 February 2022
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Kosta Legal Law Firm