Page 213 - Theoretical and Practical Interpretation of Investment Attractiveness

export of one million tons of wheat. The Arab Republic of Egypt has also restricted the export
of all types of pulses for three months.
If you take into account, the price of one ton of wheat on the world market has
begun to become more expensive than the price of one ton of oil.
The European Union also rushed and allowed the electronic import of products without
presenting the original quality certificate, which must be presented when importing food
products. Also a “green band” for primary production. launched the organization system.
Germany's borders were also closed due to quarantine, and the influx of seasonal
agricultural labor from neighboring countries stopped. This causes problems with
procurement, packaging and delivery to the consumer market. Of course, in the second quarter
there may be an increase in food prices.
In Italy and Spain, spring field work has been completely stopped due to the ongoing
strict quarantine and the difficult epidemiological situation. In France, one of the six largest
wheat-producing countries, the situation remains even more tense.
Neighboring republics have also begun to implement a variety of economic and
administrative measures aimed at ensuring food safety. In particular, Kazakhstan has reduced
VAT on all types of food necessary for life to 8%. Tajikistan has abolished VAT on basic
goods needed by city residents, namely: 50 tons of sugar, 10 tons of vegetable oil, 70 tons of
wheat, 10 tons of flour and 2 tons of rice.
In Uzbekistan, until December 31, 2020, customs and excise duties levied on the import
of meat, grain, sugar, milk, butter, eggs, pasta and other necessary food products have been
abolished.
According to FAO estimates, nutritious grain trade volume for 2019-2020 (June-July)
201.5 a million would be about a ton. This is 3.1 compared to the previous period. million
means more than tons. Forecasts for the global corn market are optimistic; even its sales
volume may reach record levels.
Trade in another strategic product, rice, fell by 700 thousand tons to 45 compared to
forecasts in March. million tons, which is 2.2 percent more than in 2019. The revision to the
rice market size forecast is mainly due to lower imports to the Middle East and Africa, as well
as lower exports to India and Thailand.

Which path has Uzbekistan chosen?
On April 14, 2020, the President of the Republic of Azerbaijan held a video conference
meeting on the further development of agricultural sectors and increasing food production
volumes. In that It was noted that this year will be a year of great challenges and
opportunities for representatives of agriculture and the food industry. After all, how long
will the pandemic and quarantine last? strictly however, the population's need for food is not
decreasing. Therefore, the task has been set to double production volumes in the fruit and
vegetable and livestock industries.
Uzbekistan natural climate based on conditions, effectively using every corner of rows
and repeating areas in the garden and vineyards, The need to start harvesting 2-3 times. was
recorded.
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