Bait the Hook Well
A free economic zone designed for the development of fish culture, “Baliq ishlab chiqaruvchi”, itself the first in its kind in Uzbekistan’s history, is due to be set up in Kuyichirchik district of Tashkent region.
It is organized on the property, land and water bodies granted to the district hokimiyat. The FEZ is designated for 30 years with the possibility of extension. During the whole period of its activity, special tax, customs and currency regimes will operate in the zone.
All enterprises, depending on the volume of investments, will be exempted for various periods from payment of land tax, profit tax, property tax of corporate entities, tax for the improvement and development of social infrastructure, single tax payment for microfirms and small enterprises, as well as mandatory contributions to target state funds. They will also receive a number of customs preferences.
Thus, for example, the source of investments from $ 300,000 to $ 3 million will receive benefits for three years, those devoting from $ 3 to $ 5 million are assigned advantages for 5 years, and from $ 5 to $ 10 million – for 7 years, from $ 10 million and up – for 10 years.
One of the main goals sought from the FEZ is the creation of breeding fish planting material by acclimating new and approved fish species for further development of own production, stocking of artificial reservoirs and supplying fish farms.
It will also establish modern fish processing complexes, make fish products - canned goods, caviar, flour, delicacies to meet the needs of the population and fit for subsequent exports to neighboring countries.
Another track is the organization of a modern incubation shop for the production of breeding fry, the increase in the production of juvenile fish, the modernization and reconstruction of existing ponds for the cultivation of fish planting material.
Worth reminding that about 85 thousand tons of fish were grown in Uzbekistan last year. In total there are over 3,600 fish farms in the country, and the total area of water bodies used for fostering fish products exceeds 595,000 hectares.
At the same time, the share of fish in the total consumption of the Uzbek population is extremely low. For example, in Europe, every person eats 35-40 kg of fish a year on average, in Uzbekistan it does not exceed 4 kg.
According to experts, problems arise mainly due to the inefficient use of water bodies, companies practically do not implement the leading international experience and new technologies in fish farming.