14 April 2023

The progress of work on Uzbekistan’s accession to the WTO was discussed

President Shavkat Mirziyoyev got acquainted with the presentation on the progress and prospects of the process of joining the World Trade Organization, the press service of the President of the Republic of Uzbekistan reports.

The World Trade Organization is an authoritative international structure that coordinates multilateral interstate trade relations. 95 percent of world trade is with the 164 member countries.

The main task of the WTO is to promote the sustainable development of countries and the improvement of the well-being of their population through the provision and expansion of free and transparent trade relations. This is fully consistent with the goals of the economic reforms being implemented in Uzbekistan.

Previously, half of our country’s exports were cotton fiber. After the complete renunciation of the export of raw cotton, deliveries of ready-made clothes abroad increased 4 times, and textiles – more than 3 billion dollars. As a result of Uzbekistan joining the GSP+ system in 2021, the export of finished products to the European market increased by 1.5 times.

Accession to the WTO will provide even greater opportunities for increasing exports of finished products. That is why Uzbekistan in 2019 restarted the process of joining this international structure and over the past period has taken confident steps in this direction.

At the meeting, the head of our state stressed that our country must certainly join the WTO, and noted the economic significance of this task.

– In the next three years, we plan to double the export of finished products. The only way to achieve this is to become a member of the World Trade Organization. This will allow establishing a fair trade system with 164 countries and finding stable markets, Shavkat Mirziyoyev said.

The President spoke about the need to speed up this process in his Address last year. To this end, bilateral negotiations were held with more than 50 countries that are members of the World Trade Organization. In March this year, the WTO hosted the sixth meeting of the working group on Uzbekistan’s accession.

During the presentation, the issues raised by the member states of the organization during the negotiations were discussed.

Instructions were given to harmonize national legislation based on the WTO agreements, bring procedures and standards in line with international requirements. The need to attract foreign consultants, the formation of working groups, the systemic interaction of all ministries and embassies in this matter was indicated.