Skyscraper City Forum banner
101 - 120 of 130 Posts

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #101 ·
President Shavkat Mirziyoyev receives Hungarian delegation



Mirziyoyev underlined the dynamic development of the Uzbek-Hungarian relations of traditional friendship and multifaceted partnership.



On February 18, President Shavkat Mirziyoyev met with a Hungarian delegation headed by Minister of Foreign Economic Relations and Foreign Affairs Peter Szijjarto, who arrived in Uzbekistan to attend regular session of the joint Intergovernmental Commission.


Productive contacts have been established between the countries at various levels. Last year the trade turnover increased by 45 percent. Joint projects are being implemented in agriculture, the food industry, pharmaceuticals, and other sectors of the economy. Exchanges in the fields of education, culture and tourism are expanding.

https://uzreport.news/politics/president-shavkat-mirziyoyev-receives-hungarian-delegation
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #102 ·
President of EBRD to visit Uzbekistan



Suma Chakrabarti, the President of the European Bank for Reconstruction and Development (EBRD), will pay an official visit to Uzbekistan on March 4-5, the bank’s Tashkent office said.

During the visit, the EBRD president will meet with President Shavkat Mirziyoyev, the Minister of Finance Timur Ishmetov, and will also familiarize himself with the bank’s projects in the Ferghana Valley.

Earlier, the EBRD marked a new record in Uzbekistan in 2019, by investing US$ 576 million in 13 private and public sectors projects .

To date, the EBRD has invested 1.85 billion euros in 79 projects in Uzbekistan.

https://tashkenttimes.uz/national/5046-president-of-ebrd-to-visit-uzbekistan
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #103 ·
Swedish Education First set to invest US$ 60 million in English language programs in Uzbekistan



The Swedish EF Education First is ready to invest nearly US$ 60 million in English language programs in Uzbekistan, the Ministry of Public Education (MPE) said.

The Minister of Public Education, Sherzod Shermatov, and the EF President Carl-Johann Westring signed a Memorandum of Understanding (MoU) on March 5.

According to the MoU, the parties intend to cooperate to assess the knowledge of pupils, teachers and volunteers. It is also planned to hold English language trainings and develop joint programs for the professional development of teachers.

“Today, English is the most popular language ​​in the world. The cooperation between us will allow us to improve Uzbek children's English language proficiency, which will provide them more career opportunities,” Sherzod Shermatov said.

According to MPE, today more than 5.3 million children study English as a foreign language.

Education First is one of the largest educational companies in the world. EF have branches in more than 100 countries.

https://tashkenttimes.uz/national/5068-swedish-education-first-set-to-invest-us-60-million-in-english-language-programs-in-uzbekistan
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #104 ·
EU provides 40 million EUR as Budget support to Agri-food Sector of Uzbekistan



EU Budget Support approved to assist with implementation of the new Uzbekistan Agri-food Development Strategy 2020-2030. The Government of Uzbekistan and the European Union have signed a Financing Agreement to provide 40 million EUR Grant Budget Support and Complementary Assistance for the reforms of Agri-food Sector of Uzbekistan.

The Government of Uzbekistan and the European Union have signed a Financing Agreement to provide 40 million EUR Grant Budget Support and Complementary Assistance for the reforms of Agri-food Sector of Uzbekistan.

The proposed action will provide support to the Government of Uzbekistan in the implementation of the government’s new Agri-Food Development Strategy 2020-2030, focused upon the strengthening of public services to assist farms and agri-businesses.

The government of the Republic of Uzbekistan is committed to undertaking a wide range of reforms in the agriculture sector. This includes actions on agriculture land reform, development of new services to advise farmers, improve access to information, knowledge and innovation, reform of our training and education systems, digitalisation of the sector and investment in agri-logistics infrastructure and services. All of these actions are aimed at improving our competitiveness both at home and abroad.

"This Budget Support Programme targeting the Agriculture sector of Uzbekistan will provide a flexible and efficient instrument to help the Ministry of Agriculture and the Government to accelerate reforms and modernise the sector. Agriculture is a critically important sector for the economic and social development of the country. These funds will help the government to establish modern public services and become the leading producer and exporter of high-value agri-food products in Central Asia.” said Eduards Stiprais, Head of the EU Delegation in Uzbekistan.

In the wake of large-scale Uzbekistan reforms gaining momentum since early 2017, under the leadership of President Shavkat Mirziyoyev, the government of the country and the new management of the Ministry of Agriculture have reiterated their commitment and dedication to reform the agriculture sector of the country.

As part of the transformation of the Agriculture sector, reforms are being introduced to gradually move away from the historical focus on the production of cotton and wheat to encourage the production of other agriculture products in which Uzbekistan has a relative comparative advantage, such as in the production of certain high value horticulture products, well known in the Commonwealth of Independent States but less known in the fast-growing markets of Asia and the EU. These new export markets demand more stringent product food quality and safety standards. To meet these demands requires significant restructuring and development of both public and private sector agri-food support services and systems from farm to fork.

This transformation will contribute significantly to the protection of the country's natural resources as cotton and wheat are causing significant soil degradation and salinization. It will also help to improve the livelihoods of the 15 million people (49.4% of the total population and 75% of the low-income population) which reside in the rural areas of Uzbekistan but also and very importantly, it will provide new opportunities to the increasing labour force in the rural areas of Uzbekistan.

https://uzreport.news/economy/eu-provides-40-million-eur-as-budget-support-to-agri-food-sector-of-uzbekistan
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #105 ·
Uzbekistan urges US to remove Jackson-Vanik trade restrictions



Uzbekistan discussed with the United States the withdrawal of the country from the Jackson-Vanik amendment, the Ministry of Foreign Affairs of the Republic said.

Uzbekistan discussed with the United States the withdrawal of the country from the Jackson-Vanik amendment, the Ministry of Foreign Affairs of the Republic said.
The Jackson–Vanik amendment to the Trade Act of 1974 is a 1974 provision in United States federal law intended to affect U.S. trade relations with countries with non-market economies (originally, countries of the Communist bloc) that restrict freedom of emigration and other human rights. Formally, this rule was introduced due to restrictions on emigration of Soviet citizens, and it also applied to other countries-China, Vietnam, and Albania. Currently, the amendment still has an effect in a number of countries, including Uzbekistan, Azerbaijan, Belarus, Kazakhstan, Tajikistan, and Turkmenistan.
At a videoconference held in March with representatives of official circles and business communities of the United States, the parties discussed Uzbek government`s measures to mitigate the negative impact of the coronavirus pandemic and global crisis phenomena on the economy, as well as the accession to the WTO.
The Uzbek side had underlined government`s measures aimed at reducing tariffs on imports of essential goods in the fight against the spread of coronavirus.
The Chairperson of the American-Uzbek Chamber of Commerce (AUCC), Caroline Lamm noted the commitment of AUCC members, represented by leading US companies, to further implement current investment projects to support the Republic's industry, as well as to fully assist the government of Uzbekistan and its people in the fight against coronavirus by providing advanced medical equipment, products and drugs.

Uzbekistan urges US to remove Jackson-Vanik trade restrictions
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #106 ·
Shavkat Mirziyoyev spoke to President of European Council over the phone


President Shavkat Mirziyoyev held a telephone conversation with President of the European Council Charles Michel, the presidential press service said.

The parties reportedly discussed the topical issues of Uzbek-EU multifaceted cooperation, primarily in the politico-diplomatic, trade, economic, investment and humanitarian areas.

With deep satisfaction, the dynamic development of partnership and the intensification of exchanges at various levels observed in recent years were noted.

The President of the European Council highly commended and fully supported the unprecedented decisive measures taken in Uzbekistan to counteract the spread of coronavirus infection and minimize its negative impact on ongoing socio-economic reforms in the country.

Charles Michel reiterated the readiness of the European Union to provide the necessary support in the fight against the pandemic, informed of the decision to provide financial and technical assistance to Uzbekistan for these purposes.

He noted with deep satisfaction the positive changes and the modern level of ties of friendship and trust, good neighborliness and partnership achieved by the joint efforts of the countries of the region. According to the President of the European Council, this remarkable progress is fully consistent with the goals and objectives of the new EU Strategy for Central Asia.

The importance of active joint work in order to strengthen the interconnectivity and sustainable development of the entire region, primarily by promoting programs and projects in the field of trade, investment, innovation, transport and energy, was noted. To this end, the issue of holding a multilateral Ministerial Conference by the end of the year to develop priority steps aimed at deepening regional cooperation will be worked out.

A number of other issues on the international agenda were also considered, as well as a schedule of upcoming events at the highest level.

At the end of the telephone conversation, President of Uzbekistan Shavkat Mirziyoyev and President of the European Council Charles Michel reaffirmed their strong mutual commitment to the development of the Uzbek-European constructive dialogue and full-scale cooperation.

Shavkat Mirziyoyev spoke to President of European Council over the phone
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #107 ·
President Mirziyoyev awards World Bank Vice President with Dustlik Order

A corresponding order was signed by President Shavkat Mirziyoyev on April 20.
World Bank Vice President for Europe and Central Asia Cyril Muller has been awarded with the Dustlik (Friendship) Order. A corresponding order was signed by President Shavkat Mirziyoyev on April 20.

The order notes a big contribution of Cyril Muller in the development and strengthening of multifaceted and productive cooperation between Uzbekistan and the World Bank Group.
President Mirziyoyev awards World Bank Vice President with Dustlik Order
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #108 ·
U.S. removes Uzbekistan from nations with worst religious tolerance


The head of the Commission noted that Uzbekistan made important progress in 2019 toward fulfilling the commitments it made to allow religious groups greater freedom in 2019. The second separately marked state was Sudan.
The US Commission has removed Uzbekistan from the category of countries of particular concern in the field of religious freedoms. Information about this is contained in the report of the US Commission on international religious freedom, which assesses the state of religious freedom in the world in 2019.

This decision means the recognition of progress in Uzbekistan, as the Commission previously indicated the need to include the country in the "black list" of violators of religious freedoms, despite the fact that the State Department removed the country from the CPC in December 2018 and placed it on a "special monitoring list".

In the introductory part of the report, the Commission's leadership has separately identified two States that demonstrate progress in the field of religious freedoms. "We are encouraged by the positive steps taken by some governments in 2019, especially the two that work closely with USCIRF, to create a safer environment for freedom of religion or belief," Commission Chairman Tony Perkins concluded.

The head of the Commission noted that Uzbekistan made important progress in 2019 toward fulfilling the commitments it made to allow religious groups greater freedom. The second separately marked state was Sudan.

A similar statement was made by the Deputy Chairman of the Commission, Nadine Maenza, in an interview for The Washington Post. The article of a leading American publication highlighted the Commission's high assessment of progress in ensuring religious freedoms in Uzbekistan and the decision to withdraw the country from the CPC for the first time since 2005.

U.S. removes Uzbekistan from nations with worst religious tolerance
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #109 ·
UN Secretary General sends message to Mirziyoyev
The UN Secretary-General has sent a message to the President of Uzbekistan Shavkat Mirziyoyev


To His Excellency Sh. M. Mirziyoyev

President of Uzbekistan

Your Excellency,

I would like to sincerely thank you for your letter in support of my call for a global ceasefire. I was encouraged by the positive response to this call from world leaders and governments around the world, as well as regional partners, civil society and religious leaders. It is particularly important that the appeal elicited the first positive responses from a number of conflicting parties.

I remain concerned about those disproportionately affected by the conflict and who have become more vulnerable to the pandemic, and I continue to emphasize our shared responsibility to protect civilians, especially women, children and marginalized groups. In this regard, I am deeply grateful for your country's efforts to provide humanitarian assistance to states affected in the region, including the Islamic Republic of Afghanistan.

Let me also appreciate the resolute measures taken by your government to contain the spread of the virus in the Republic of Uzbekistan, as well as to mitigate the socio-economic consequences of the pandemic, including for the most vulnerable segments of the population. I am also encouraged by the high level of cooperation between your government and the UN country team led by the resident coordinator.

The UN will continue to work with all government agencies and interested organizations to help the warring parties move from declarations of good intentions or a temporary cease-fire to ending wars, achieving long-term political solutions and building sustainable peace. I look forward to your continued support for our efforts.

I would also like to note that it was with deep sadness that I learned about the dam break in the Syrdarya region. I would like to express my solidarity with the people of Uzbekistan and neighbouring Kazakhstan, who were affected by the flood as a result of the dam break. I highly appreciate the close cooperation between the governments of Uzbekistan and Kazakhstan in providing assistance to people in need.

Please accept, your excellency, the assurances of my highest consideration.

With my warmest personal wishes,

Antonio Guterres

UN Secretary-General

UN Secretary General sends message to Mirziyoyev
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #110 ·
US transfers Covid-19 testing reagents to Uzbekistan



The transferred reagents are intended for 15 thousand analyses. The second batch of 10,000 more tests will arrive in the Republic within a few weeks.

The US Agency for International Development (USAID) has transferred Covid-19 testing reagents to the Agency for Sanitary and Epidemiological Welfare of Uzbekistan, the press service of the US Embassy in the country reported.
"This is the first batch of test kits that was transferred by USAID as part of US assistance to Uzbekistan in the fight against COVID-19," the information says.
The transferred reagents are intended for 15 thousand analyses. The second batch of 10,000 more tests will arrive in the Republic within a few weeks.

US transfers Covid-19 testing reagents to Uzbekistan
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #111 ·
President of Uzbekistan holds talks with EBRD Director
The portfolio of EBRD projects in Uzbekistan to date amounts around $1.2 billion and includes all priority spheres. The project proposals for around $1billion are being prepared by the sides.



President of Uzbekistan Shavkat Mirziyoyev held virtual talks with President of the European Bank for Reconstruction and Development Suma Chakrabarti. Mirziyoyev praised the high level of relations that have been achieved in recent years and the fruitful cooperation between Uzbekistan and the organization.

Due to the joint implementation of the Bank's Country strategy and the road map, the EBRD is now one of the key partners in promoting priority programs aimed at ensuring sustainable socio-economic development in Uzbekistan.

The portfolio of EBRD projects in Uzbekistan to date amounts around $1.2 billion and includes all priority spheres. The project proposals for around $1billion are being prepared by the sides.

A third of all funds are channelled to support the private sector and entrepreneurship, including to minimize the negative consequences of the coronavirus pandemic in the Republic.

The Bank has expanded its representative office in Tashkent and opened an office in Andijan. The office in Urgench is expected to start operating next year.

Speaking about the results of cooperation, Mirziyoyev has extended his gratitude to Suma Chakrabarti for his active efforts and great personal contribution to strengthening mutual trust and developing effective cooperation.

Chakrabarti, in turn, has expressed deep gratitude for organizing the meeting and stressed the Bank's firm commitment to fully support the ongoing new course of reforms in Uzbekistan and regional policy in Central Asia, in particular by expanding the portfolio and volumes of financial and technical assistance.

Suma Chakrabarti also highly appreciated the comprehensive measures taken in the country to eliminate the consequences of the disaster in the Syrdarya region and preventing the spread of the pandemic in the Republic.

The parties also discussed the EBRD's participation in the privatization of state-owned enterprises, supporting the reforms in the energy sector and the oil and gas industry, effective use of allocated loans, and expansion of business financing, including projects in the textile industry.

The agreement was reached to continue contacts and exchanges, including the joint preparation of the meeting of the Board of Foreign Investors in Tashkent and meeting of EBRD Board of Governors in Samarkand in 2023.

President of Uzbekistan holds talks with EBRD Director
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #112 ·
Mike Pompeo: serious steps have been taken in Uzbekistan to improve the situation with religious freedom
The US State Department has published a regular report on religious freedom for 2019, which assesses the state of religious freedom in the world. The document is published annually and, on its basis, the US Secretary of State makes a decision on whether to classify a particular state as a "country of special concern".



The US State Department has published a regular report on religious freedom for 2019, which assesses the state of religious freedom in the world. The document is published annually and, on its basis, the US Secretary of State makes a decision on whether to classify a particular state as a "country of special concern". Presenting the report, Secretary of State Mike Pompeo stressed the priority importance of religious freedom issues in the US foreign policy agenda and assessed the situation in a number of countries. Mike Pompeo has separately pointed out the progress of Uzbekistan in this area. According to him, Uzbekistan has taken serious steps to improve the situation with religious freedom.

A separate address was made by Sam Brownback, Ambassador-at-large for religious freedoms. «due to recent improvements, both Sudan and Uzbekistan have been removed from the list of Countries of Particular Concern. Major accomplishments and major things happening», he said.

Mike Pompeo: serious steps have been taken in Uzbekistan to improve the situation with religious freedom
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #113 ·
Switzerland allocates grant for maktab.uz platform



The Swiss Embassy in Uzbekistan has awarded a grant of $150,000 to the Center for innovation, technology and strategy under the Ministry of Public Education. This was reported by the press service of the center.

The project will create a platform for online learning maktab.uz which will be supplemented with appropriate lessons. The project will also provide teachers with psychological and professional support and, if necessary, provide them with computer equipment.

Switzerland allocates grant for maktab.uz platform
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #114 ·
Uzbekistan elected member of UN Human Rights Council for first time in its history




For the first time ever, Uzbekistan has become a member of the UN Human Rights Council for 2021-2023. The move is said to be part of purposeful efforts aimed at enhancing the protection of human rights in the country, the significant stepping up by Uzbekistan of engagement into cooperation in this field, as well as following the positive assessments by international organizations on Uzbekistan's reform efforts.
The 193-member U.N. General Assembly elected Uzbekistan, Russia, Cuba, Bolivia, France, Britain and several other countries to the 47-member council. Senegal, Nepal, Pakistan, Ukraine and Mexico were re-elected for a second three-year term. Council members cannot serve more than two consecutive terms. Candidates are elected by secret ballot in geographical groups to ensure even representation. The Asia-Pacific group, which included Saudi Arabia, was the only competitive race on Tuesday with five candidates vying for four seats. The new members will begin their term on Jan. 1, 2021.

Uzbekistan elected member of UN Human Rights Council for first time in its history
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #115 ·
Foreign Minister Abdulaziz Kamilov meets with head of Pentagon


The meeting discussed promising areas of defense cooperation between the two countries.

An Uzbek delegation led by Foreign Minister Abdulaziz Kamilov met with acting US Secretary of Defense Christopher Miller in Washington.

The meeting discussed promising areas of defense cooperation between the two countries.

Christopher Miller thanked Uzbekistan for its leadership role in promoting stability and security in Central Asia and confirmed that the United States will continue to work with Uzbekistan to address common security challenges. The Pentagon chief also welcomed the Republic's efforts to promote inter-Afghan peace talks, support the economic recovery of Afghanistan and its integration into the Central Asian region. The parties reaffirmed their commitment to further advance the peace process in Afghanistan and support the goal of a lasting political settlement.

Both sides stressed the importance of further expanding bilateral military cooperation and reaffirmed their desire to continue close cooperation on issues such as counter-terrorism, border security and building the capacity of defense institutions.

https://uzreport.news/politics/foreign-minister-abdulaziz-kamilov-meets-with-head-of-pentagon
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #116 ·
Uzbekistan`s emerging market of renewable energy sources represented to European investors


The event saw more than 30 experts from the energy sector and government agencies - the ministry of foreign affairs of Belgium, the directorate general of the European Commission, BP, Houston Energy Club, Oxford institute of energy studies and etc.

The Embassy of Uzbekistan in the Benelux countries, the ministry for investment and foreign trade and the Brussels energy club held a webinar "Gas and the emerging renewable energy market".

The event saw more than 30 experts from the energy sector and government agencies - the ministry of foreign affairs of Belgium, the directorate general of the European Commission, BP, Houston Energy Club, Oxford institute of energy studies and etc.

The Uzbek side was represented by specialists from the ministry for investment and foreign trade and Uzbek diplomats in Brussels.

The Brussels energy club brings together all major global and regional oil companies with representative offices in the European Union, as well as representatives of the non-governmental sector and the diplomatic corps.

Ambassador of Uzbekistan to the Benelux countries Dilyor Khakimov stressed that Uzbekistan has done a lot of work in recent years to develop renewable energy sources (RES).

The importance of alternative energy development was outlined by the President of Uzbekistan Shavkat Mirziyoyev in the Action Strategy for development in 2017-2021. The legislative framework has been formed, in particular, the law on renewable energy sources has been adopted. The country plans to increase the share of RES in total electricity production to 25% by 2030.

Foreign institutions, including the World Bank, the European Bank for reconstruction and development and Asian Development Bank provide considerable support in the development of RES.

Uzbekistan intends to produce 5 gigawatts of solar energy and 3 gigawatts of wind energy by 2030. First investment projects in this area are already underway. This includes the construction of photovoltaic plants with Masdar and Total Eren-100 MW in Navoi region and 100 MW in Samarkand region, respectively.

Over one hundred oil and gas fields have been discovered in the country, 34.6bn cubic meters of gas are produced, and 2.5mn tons of oil is processed in the Bukhara and Ferghana regions

Uzbekistan`s emerging market of renewable energy sources represented to European investors
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #117 ·
US excludes Uzbekistan from Special Watch List



Uzbekistan was first included in the list of violators in 2006. In November 2018, the State Department placed Uzbekistan on a watch list for progress in religious freedom.


The US State Department has excluded Uzbekistan and Sudan from its Special Watch list for religious freedom.
“I am pleased to announce that Sudan and Uzbekistan have been removed from the Special Watch List based on significant, concrete progress undertaken by their respective governments over the past year. Their courageous reforms of their laws and practices stand as models for other nations to follow”, said US Secretary of State Michael Pompeo.
Uzbekistan was first included in the list of violators in 2006. In November 2018, the State Department placed Uzbekistan on a watch list for progress in religious freedom.
Meanwhile, the US listed Tajikistan, Turkmenistan, Burma, Iran, China, North Korea, Nigeria, Pakistan, Saudi Arabia, and Eritrea as states of particular concern for violations of religious freedom.
“These states are involved in" systematic ongoing egregious violations of religious freedom " or tolerate them, the head of the state department stressed.

US excludes Uzbekistan from Special Watch List
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #118 ·
France to allocate 145mn euros to improve water supply in Tashkent


All projects are to be implemented at the expense of grant funds of the French company.

The French government is intending to allocate 145mn euros for a project to improve water supply in Tashkent, a move set to expand the Uzbek population's access to drinking water.
Details of the project were on the agenda of negotiations between Uzbek Deputy Prime Minister Sardor Umurzakov and the French SUEZ delegation headed by Executive Vice President Eric Gebali. On February 20, the parties also agreed to launch similar projects in Karakalpakstan, Bukhara and Kashkadarya regions.
All projects are to be implemented at the expense of grant funds of the French company.

France to allocate 145mn euros to improve water supply in Tashkent
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #119 ·
Uzbekistan receives 660,000 AstraZeneca vaccines



Just before the arrival of the doses, Uzbekistan broke the daily record for coronavirus since the beginning of the year with 115 cases.


The Uzbek capital has received 660,000 out of 2,25mn doses of AstraZeneca vaccine. The country plans to vaccinate 20% of its population by the end of the year.
Just before the arrival of the doses, Uzbekistan broke the daily record for coronavirus since the beginning of the year with 115 cases.
As the city of Tashkent registered the highest number of cases with 92 people, the authorities have made a decision to limit mass events. If the situation worsens, from April 1, the government may ban events that gather huge crowds.
Prime Minister Abdulla Oripov on Tuesday recommended the population to hold festivities dedicated to the upcoming holiday Navruz in open areas, modestly, without pomp.

https://uzreport.news/society/uzbekistan-receives-660-000-astrazeneca-vaccines
 

·
Moderator
Joined
·
9,756 Posts
Discussion Starter · #120 ·
Uzbekistan's accession to WTO would be generally positive - CEIR


The Center for Economic Research and Reform of Uzbekistan (CERR) has conducted a preliminary assessment of the impact of the country`s accession to the World Trade Organization (WTO) and concluded that the impact on exports would, in general, be positive.

The Center for Economic Research and Reform of Uzbekistan (CERR) has conducted a preliminary assessment of the impact of the country`s accession to the World Trade Organization (WTO) and concluded that the impact on exports would, in general, be positive.
"Against Uzbekistan, the WTO member states will apply the rates of import duties agreed within the organization, and they may be lower than those that are currently applied," the CERR said in a statement.
If the accession is successful, and import customs duties are reduced by 50%, according to preliminary calculations, the volume of imports could grow by an average of 5%, and for certain industries from 2% to 13%.
Uzbekistan has a significant untapped export potential for certain types of products, the analysis shows. Including:
  • fruit and vegetable products for $986.7mn;
  • textile products for $686.6mn;
  • electrical products for $56.6mn.
“The petrochemical, metallurgical, machine-building, electrical, pharmaceutical, construction, textile, leather and footwear and food industries can become drivers of the national economy”, the CERR noted.
“Thus, the further integration of Uzbekistan into the world economy will contribute to the entry of domestic products into new export markets”, it added.
Uzbekistan`s exports during 2016-2019 soared by 42%, from $12.6bn to $17.9bn. In 2020, amid the pandemic, it plummeted by 15%.

https://uzreport.news/economy/uzbekistans-accession-to-wto-would-be-generally-positive-ceir
 
101 - 120 of 130 Posts
Top