Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan adopted a resolution on regulating the export of textile, leather, footwear and electrical products.

According to the decree, from 15 May, Uzbekistan will introduce monitoring of the value of export contracts for textiles, footwear and electrical equipment, as well as control of export prices for these goods. The list of products subject to control will be approved by the Government Investment Commission.

The Ministry of Investment, Industry and Trade, the Chamber of Commerce and Industry, as well as the associations “Uztekstilprom”, “Uzcharmsanoat” and “Uzeltehsanoat” will take part in the formation of the list. These organizations will approve monthly minimum export prices for relevant goods.

Information on minimum prices will be published in the Unified System of Foreign Trade Operations and on the official websites of the Chamber of Commerce and Industry and industry associations.

Customs authorities will monitor cases of sales of controlled products abroad at prices below the minimum. Such cases will be reported to the Tax Committee and the Department for Combating Economic Crimes of the Prosecutor General’s Office.

It was also instructed to develop amendments to the legislation providing for the abolition of income tax benefits for exporters who violate the minimum price regime.