“The new strategic course of the President of China aimed at stimulating global economic growth by ensuring stability in trade, overcoming trade barriers, as well as strengthening the interdependence of economies of different countries is highly appreciated in Uzbekistan.

I would like to focus on the most important aspects of expanding trade-economic cooperation.

First, the liberalization of the national economy, including the foreign trade regime, is being carried out in Uzbekistan.

The issues of joining the World Trade Organization and creating a more favorable investment climate are being addressed.

We are actively working to harmonize our regulatory framework with international standards. We are improving and significantly simplifying the mechanisms of customs and tariffs, fiscal regulation and export-import procedures, continuing to create green corridors.

We propose to agree on the range of products in demand in the markets of the two countries and to stimulate investments in projects designed to organize their production,” the President said.

It should be recalled that the process of Uzbekistan’s accession to the WTO began in July 2019, when Uzbekistan submitted an updated memorandum on foreign trade regime to join the WTO. In November 2019, the European Union allocated €5 million for Uzbekistan’s accession to the WTO.

In July 2020, the Ministry of Investments and Foreign Trade announced that Uzbekistan and the WTO would resume meetings of the joint working group on the country’s membership in the organization.