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02:38allowing experts full access to their foreign currency earnings.
02:53Exporters receive financial assistance to participate in international exhibitions.
02:59Up to 50% of overseas warehouse and trade house expenses can be covered.
03:04National pavilions are organized at major trade fairs, often free of charge for entrepreneurs.
03:18Export growth is not only expanding trade geography, it's reshaping Uzbekistan's economic structure.
03:24Before, several years ago, we were just exporting raw materials to reproduce them,
03:29but currently we are just changing the system.
03:31Hope, we are just making final products and exporting them.
03:35The strategy now combines three elements.
03:38Industrial expansion, market diversification and sustainable development.
03:43Balancing rapid growth with long-term stability may define Uzbekistan's next export phase.
03:49Joining us now is Yunusbek Yusupov, head of division in the Ministry of Investment, Industry and Trade.
03:56Mr. Yusupov, what new international markets is Uzbekistan aiming to enter?
04:02Thank you for the question.
04:04So, if we go to 2017, our exports were heavily concentrated inside US countries,
04:09but now we are export to the Middle East, European Union countries, African and American countries.
04:14This geographic diversification has been supported by a structural transformation of Uzbekistan's export model.
04:20So, thanks to the GSP+, where we have free access for 6200 products in order to enter to the
04:29foreign markets.
04:30Moreover, we also work on the preferential trade agreements with some countries like Morocco, Turkey,
04:36also foreign trade agreements with Singapore and Indonesia,
04:40which gives us to enter to the foreign markets without any barriers and obstacles.
04:46Thank you for joining us.
04:48Well, that's all we have time for this edition.
04:51You can get more business news at Euronews.com.
04:53Thank you for watching.
04:57We'll see you next time.
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