WORLD TRADE ORGANIZATION AND UZBEKISTAN: WAY TO INTERNATIONAL ECONOMIC INTEGRATION
Keywords:
WTO Accession, Uzbekistan Economic Development, Global Trade Integration, Market Reforms, Legal Harmonization, Trade Liberalization.Abstract
Joining the WTO is a significant move for any nation, symbolizing its commitment to participating in an open, rules-based, and interconnected global trading system. This integration can influence various sectors of the economy. By becoming or aspiring to be a WTO member, a country signals to trade partners and foreign investors its intention to maintain an open economy, thereby encouraging increased trade and foreign investment inflows. Uzbekistan applied for WTO accession in 1994, making it one of the early applicants. However, internal political factors and the state of the economy at that time delayed the process. This article will explore the the history and current status of Uzbekistan’s WTO accession, along with the potential benefits and challenges this membership might bring to the country's economy and businesses.
