



































International Journal of Biological Engineering and Agriculture


American Journal of Science and  

Learning for Development 
 

Volume 1 | No 2 | Dec-2022 

 

 

 
Published by inter-publishing.com  |  All rights reserved. © 2022 
Journal Homepage: https://inter-publishing.com/index.php/IJISE    

Page 101 

 

 

 
Development Trends and Prospects of Trade and Economic 

Cooperation with Uzbekistan and European Union Countries 

 
 

Solieva Dilrabo Abdujabbarovna
 1
, Sharobiddinov Akhrorbek Qosimjon o’g’li 

2 

 

 
1 

Andijan Institute of Economics and Construction, Faculty of Economics and Construction, 

Assistant of the Department of "Socio-Economic Sciences" 

2 
Student of the 2nd stage of accounting and auditing 

  
  
 

Abstract: Our country has been pursuing a foreign policy of a mutually beneficial and practical 

spirit in the following еars, achieving high results in the development of friendly and mutually 

beneficial relations with foreign countries. In this process, mutually beneficial cooperation was 

significantly strengthened, especially with a number of EU countries. This article will talk about the 

development trends and prospects of trade and economic cooperation between Uzbekistan and the 

European Union. 
 
Keywords: EU, GPS+, Maastricht Treaty, investment, beneficiary country. 

 
  
Introduction 

In recent years, our country has achieved important results in conducting a mutually beneficial and 

practical foreign policy, developing friendly and mutually beneficial relations with foreign countries. 

In this process, mutually beneficial cooperation with a number of European countries was 

significantly strengthened. Partnership relations with the UN, OSCE, SCO, OIC and other 

prestigious international organizations have reached a new level in terms of quality. In his Address to 

the Parliament, President Shavkat Mirziyoyev emphasized this direction, "I am sure that the 

expansion of the scope of cooperation between the new Uzbekistan and the European Union will 

enrich the essence of bilateral relations, advance interesting projects and reach new milestones. 

serves to conquer" 

The European Union is a political and economic union of 27 European countries. Its history goes 

back to 1957, the Rome Agreement signed between 6 European countries and the European 

Economic Cooperation that emerged after that. The European Union was formed according to the 

Maastricht Treaty signed in 1992 and includes 15 countries. In 2015, the first major expansion of the 

Union took place. 10 new countries joined the Union. Two years later, Bulgaria and Romania were 

added to their number, and the European Union currently consists of 27 countries. 

The European Union is very interested in Uzbekistan, which is implementing deep reforms and 

democratic changes. He wants to provide comprehensive support to the country's integration into 

international structures and deepening of relations with the European community. 

Methods  

According to official data, the European Union is the third most important trade partner of 

Uzbekistan after Russia and China. The trade turnover between the EU and Uzbekistan is 1 billion 

800 million euros. 



 

American Journal of Science and  Learning for Development Volume 1, No 2|    
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In close cooperation with the structures of the European Union, important steps have been taken to 

implement the system of expanded trade preferences - "GSP+" in our country. This system will 

allow importing more than 6,000 types of products manufactured in our republic to the European 

market without paying duties. This, in turn, creates conditions for increasing the annual export of 

textile products by 300 million dollars. 

Results 

Therefore, entering new export markets remains one of the main tasks of the government. In this 

regard, the issue of membership in the World Trade Organization and the activation of work on 

comprehensive cooperation with the EU, the issue of developing a separate program for the effective 

use of benefits within the framework of the "GSP+" system in our country are among the priorities. 

Europe has shown that Uzbekistan is open to closer international cooperation, and conditions have 

been created for investments and economic growth. In particular, the interest of European investors 

in our country has increased significantly. The country has the potential to become one of the 

strongest economies in the territory of the former Soviet Union 

Uzbekistan receiving the status of a GSP+ beneficiary country is a recognition of the reforms being 

carried out in the republic, including reforms aimed at improving the business environment. 

Particular attention is paid to the issues of attracting direct investments, the latest technologies, best 

practices and high standards from European Union companies to Uzbekistan. 

Discussion 

Cooperation between Uzbekistan and the European Union in the fields of economy, trade and 

investments is rapidly developing. In April of last year, Uzbekistan was granted the status of a 

beneficiary country of the GSP+ system, and an opportunity was created for a wide range of Uzbek 

products to be delivered duty-free to the EU countries, an important step in this regard. 

As a result, our national manufacturing entrepreneurs and exporters can export up to 6,200 types of 

their manufactured products to the European market and use tariff preferences. This ensures the 

penetration of the national goods of Uzbekistan into the European market and the production of 

quality products. 

Currently, work is being done in cooperation with the Ministry of Investments and Foreign Trade, 

the Ministry of Employment and Labor Relations, as well as relevant ministries and agencies to issue 

a relevant decision by the Council of Europe and the European Parliament. 

The cancellation of GSP monitoring for Uzbekistan will create new perspectives for the expansion of 

the export potential of textile, light industry, processing, leather-shoes, agricultural and other 

industrial sectors, the growth of investment opportunities of our country, the increase of foreign trade 

circulation and new it serves the creation of jobs, as well as the development of mutually beneficial 

cooperation. 

Development of trade and economic cooperation with Uzbekistan and EU countries: 

 Develops the production of products that meet the requirements of the European standard; 

 It becomes easier to export goods; 

 Transport fees are reduced; 

 The labor market stabilizes; 

 Labor force is distributed effectively; 

 Competition for business will increase; 

 Production efficiency increases; 

 It leads to an increase in the well-being, standard and quality of life of the population; 



 

American Journal of Science and  Learning for Development Volume 1, No 2|    
Dec - 2022 

 

 
Published by inter-publishing.com  |  All rights reserved. © 2022 
Journal Homepage: http://inter-publishing.com/index.php/AJSLD    

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 Development of production, sales and marketing activities with the help of international 

marketing research. 

 Opportunities to enter the ranks of competing countries will expand. 

 Opportunities to become a member of an international trade organization will be wide open. 

Conclusion 

The development of trade and economic cooperation with Uzbekistan and the European Union 

countries has beneficial prospects for our country and for the European Union countries. 

References: 

1. Decree of the President of the Republic of Uzbekistan No. PF-4947 dated February 7, 2017 

"Decree of the President of the Republic of Uzbekistan dated February 7, 2017 No. PF-4947 

"Strategy for further development of the Republic of Uzbekistan about". http://turkiston.uz 

2. "On measures to improve the cooperation of the Republic of Uzbekistan with the European 

Union and its member states". Resolution of the Cabinet of Ministers of the Republic of 

Uzbekistan, Tashkent, March 22, 2004, No. 134 

3. www.customs.uz 

4. www.chamber.uz 

http://turkiston.uz/

