Letters of credit issued on behalf of exporters are accepted as collateral

The President noted that the mechanisms of support for exporters will be further expanded.

Including by the Export Agency:

Resources for working capital of up to $ 5 million are allocated to exporting companies based on their export volume;

The limited area will be increased from 100 square meters to 500 square meters to cover the cost of renting warehouses abroad.

Letters of credit issued on behalf of exporters are allowed to be accepted as collateral. That is, from the date of export, the company will be able to receive a loan from its service bank in the amount of 80% of the letter of credit.

The transition of cluster and textile enterprises to international financial reporting standards is encouraged.

From now on, up to 50% of the cost of transition to International Financial Reporting Standards will be covered by the Ministry of Finance.