GLOBAL TRADE AND UZBEKISTAN: THE SIGNIFICANCE OF WORLD TRADE ORGANISATION MEMBERSHIP IN A CHANGING WORLD

Abstract

Uzbekistan's pursuit of World Trade Organization (WTO) membership is a significant aspect of the country's ongoing economic transformation. This article explores the role of the WTO in fostering economic growth, trade liberalization, and global market access, particularly for developing countries like Uzbekistan. It outlines Uzbekistan's journey toward WTO accession, which began in 1994 and was revived in 2020. The paper also highlights President Shavkat Mirziyoyev's economic vision, emphasizing export growth, foreign investment, and the transition to a more diversified economy. By examining the WTO’s impact on trade policy and the benefits of aligning with global standards, the article demonstrates how WTO membership offers Uzbekistan enhanced opportunities to integrate into the global economy, increase its export capacity, and achieve sustainable growth. The study concludes that Uzbekistan’s WTO accession aligns with its long-term development goals and offers a path to strengthened international trade relations.

Uzbekistan's pursuit of World Trade Organization (WTO) membership is a significant aspect of the country's ongoing economic transformation. This article explores the role of the WTO in fostering economic growth, trade liberalization, and global market access, particularly for developing countries like Uzbekistan. It outlines Uzbekistan's journey toward WTO accession, which began in 1994 and was revived in 2020. The paper also highlights President Shavkat Mirziyoyev's economic vision, emphasizing export growth, foreign investment, and the transition to a more diversified economy. By examining the WTO’s impact on trade policy and the benefits of aligning with global standards, the article demonstrates how WTO membership offers Uzbekistan enhanced opportunities to integrate into the global economy, increase its export capacity, and achieve sustainable growth. The study concludes that Uzbekistan’s WTO accession aligns with its long-term development goals and offers a path to strengthened international trade relations.