THE ROLE OF ESG-BASED FINANCIAL MARKET DEVELOPMENT IN STRENGTHENING UZBEKISTAN’S FOREIGN TRADE UNDER THE “UZBEKISTAN – 2030” STRATEGY

Аннотация

 Foreign trade has become one of the most important drivers of economic development for Uzbekistan, particularly in the context of market reforms and deeper integration into the global economy. In recent years, international trade relations have increasingly been influenced not only by economic efficiency, but also by environmental, social, and governance (ESG) requirements. This paper examines how reforms in the financial market based on ESG principles can support the development and sustainability of Uzbekistan’s foreign trade within the framework of the “Uzbekistan – 2030” Strategy. The study addresses a number of existing constraints, including the limited availability of sustainable trade finance instruments, uneven adoption of ESG standards among exporting enterprises, and insufficient digitalization of traderelated financial and customs processes. Particular attention is paid to the interaction between green economy objectives, digital transformation initiatives, and financial mechanisms that facilitate export activities. Based on an analysis of national policy documents, international experience, and recent academic research, the paper formulates practical recommendations aimed at expanding ESG-oriented trade finance, improving transparency in export operations, and accelerating the digitalization of customs and financial procedures. The results indicate that the gradual integration of ESG principles into the financial market can enhance export resilience, increase investor confidence, and contribute to the long-term sustainability of Uzbekistan’s foreign trade.