Uzbekistan’s WTO accession: shift to a quality investment and high-value-added production

Sodyq Safoev

Xalqaro munosabatlar · 2024-yil

Annotatsiya

A recent Presidential Decree “On Measures for Further Acceleration of Market Reforms and Harmonizing the National Legislation of the Republic of Uzbekistan to WTO Agreements” once again underscores Uzbekistan's commitment to market reforms and global economic integration. With this Uzbekistan is taking a significant step towards joining the World Trade Organization (WTO). In full accord with the National Strategy of "Uzbekistan – 2030," the decree aims to consolidate market reforms, foster free market principles, and integrate into global production chains. By matching national legislation with WTO standards, Uzbekistan is creating a more open and competitive business environment, ensuring equal opportunities for all market participants. The decree abolishes exclusive rights held by certain companies, promoting fair competition. It outlines priorities such as aligning customs duties, abolishing export subsidies, and unifying excise tax rates by 2027, aligning Uzbekistan's trade policies with global standards. This move opens new paths in key industries and creates needed incentives and opportunities for foreign investments. It will also benefit from enhancing transparency and reliability in the business environment. Economists forecast Uzbekistan's WTO accession to boost GDP by 1.2% annually and attract $3 billion in foreign direct investments over five years, underscoring the transformative potential of these reforms. Uzbekistan's proactive approach towards WTO accession signifies economic modernization and global integration. For foreign businesses, it represents a unique opportunity to engage with an expanding regional market, characterized by equitable and competitive conditions.

Maqola ma’lumotlari
MualliflarSodyq Safoev
JurnalXalqaro munosabatlar
NashriyotЖаҳон иқтисодиёти ва дипломатия университети
ISSN2181-1113
Nashr sanasi2024-01-01
Jild107
Son108
Betlar1-3
TilIngliz
DOI10.63407/610942
Indeksga qo‘shilgan2026-09-02

DOI: 10.63407/610942 · Maqolaning asl sahifasi · PDF

Iqtibos keltirish

APASodyq Safoev (2024). UZBEKISTAN’S WTO ACCESSION: SHIFT TO A QUALITY INVESTMENT AND HIGH-VALUE-ADDED PRODUCTION. Xalqaro munosabatlar, 107(108), 1-3. https://doi.org/10.63407/610942
GOST (OAK)Sodyq Safoev UZBEKISTAN’S WTO ACCESSION: SHIFT TO A QUALITY INVESTMENT AND HIGH-VALUE-ADDED PRODUCTION // Xalqaro munosabatlar. – 2024. – T. 107, № 108. – P. 1-3. – DOI: 10.63407/610942.
MLASodyq Safoev. “UZBEKISTAN’S WTO ACCESSION: SHIFT TO A QUALITY INVESTMENT AND HIGH-VALUE-ADDED PRODUCTION.” Xalqaro munosabatlar, 107(108), 1-3, 2024. https://doi.org/10.63407/610942
ChicagoSodyq Safoev. “UZBEKISTAN’S WTO ACCESSION: SHIFT TO A QUALITY INVESTMENT AND HIGH-VALUE-ADDED PRODUCTION.” Xalqaro munosabatlar, 107(108), 1-3 (2024). https://doi.org/10.63407/610942
HarvardSodyq Safoev (2024) ‘UZBEKISTAN’S WTO ACCESSION: SHIFT TO A QUALITY INVESTMENT AND HIGH-VALUE-ADDED PRODUCTION’, Xalqaro munosabatlar, 107(108), 1-3. https://doi.org/10.63407/610942
BibTeX
@article{sodyqsafoev2024,
  title = {UZBEKISTAN’S WTO ACCESSION: SHIFT TO A QUALITY INVESTMENT AND HIGH-VALUE-ADDED PRODUCTION},
  author = {Sodyq Safoev},
  journal = {Xalqaro munosabatlar},
  year = {2024},
  volume = {107},
  number = {108},
  pages = {1-3},
  doi = {10.63407/610942},
  url = {https://doi.org/10.63407/610942}
}

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