On March 20 this year, the Republican Commission for Export Potential Development in regions and industries left for Khorezm region to work closely with regional entrepreneurs and exporters, as well as to implement measures mitigating negative economic impact of coronavirus pandemic and global crisis phenomena.

During the trip, the members of the Commission visit regional districts and cities. They discuss directly with manufacturers and exporters possible targeted support with a view to each enterprise as a part of measures developed to ensure macroeconomic stability of the country.

They consider more particularly the progress in investment projects and export supplies, as well as identify problems that arise due to the spread of coronavirus infection, i.e. drop in production and consumption, gaps in global production chains and trade links, reduction of prices and worsening of global economic and financial situation.

The members locally work out individual programs of effective and innovative solutions for each business entity, including, but not limited to, support in solving current problems, search for opportunities and reserves to increase industrial and agricultural output, export potential considering changes in supply and demand on external markets.

In addition, the top officials of the Republican Commission decided to form a permanent regional working group involving representatives of ministries, departments and commercial banks to constantly interact with entrepreneurs, monitor the implementation of Commission’s orders and respond quickly to new requests arising from global economic phenomena that have an impact on the country’s economy.

Finally, the work aims at sustainable economic development of the region, stable operation of business entities, social support and prevention of decline in income.

The Republican Commission continues its work in Khorezm region. Upon completion of the work, the Commission will visit other regions of the country.