Uzbekistan moves closer to joining WTO

389 views Politics 0

The International Conference on Uzbekistan's accession to the World Trade Organization took place at the University of World Economy and Diplomacy, Dunyo reports.

The conference was attended by members of the Senate of the Oliy Majlis of Uzbekistan, representatives of ministries and agencies of the republic, ambassadors and staff of diplomatic missions of leading foreign countries, as well as international organizations accredited in Uzbekistan.

Speakers stated that Uzbekistan, with its dynamically developing economy and strategic location, is on the verge of a historic milestone as it embarks on the path of joining the WTO.

The parties discussed several key topics in the context of the country's accession to the WTO. Experts analyzed trade-related regulatory reforms that Uzbekistan must undertake to align with WTO standards and practices. They also examined potential economic benefits, market access, and trade opportunities that Uzbekistan will gain through its membership in this organization.

Discussions also focused on the legal and institutional foundations that need to be developed and improved to ensure a smooth transition to the WTO. Experts paid special attention to the potential impact on domestic industries and manufacturing, identifying areas of growth and potential challenges.

In conclusion, conference participants emphasized the importance of international cooperation and partnership in assisting Uzbekistan on its path to WTO accession.

Earlier, President Shavkat Mirziyoyev outlined approximate timelines for Uzbekistan's accession to the WTO, stating that the country must inevitably join the organization.

CentralasianLIGHT.org
September 12, 2023