RECOMMENDATIONS ON THE POLICY OF UZBEKISTAN'S PARTICIPATION IN TRADE AGREEMENTS
DOI:
https://doi.org/10.60078/2992-877X-2025-vol3-iss12-pp268-277Abstract
The article analyzes the economic foundations of Uzbekistan's integration into the international trading system, in particular, the policy of participation in the World Trade Organization. The study reveals the impact of trade agreements on exports, investments and competitiveness. The importance of inclusiveness, institutional coordination and stakeholder participation in the formation of trade policy based on international and regional experience is highlighted. The empirical analysis is carried out using a panel regression model based on data for Uzbekistan, Kazakhstan and Kyrgyzstan for 2000–2024. The results show that WTO membership increases GDP by an average of 17%. It is also found that WTO membership improves the investment climate, increases export diversification and accelerates institutional reforms. According to the forecast analysis, by 2030, Uzbekistan's GDP could reach 245 billion US dollars under WTO membership. The article also focuses on the potential social and cross-sectoral risks of trade liberalization and provides practical recommendations for a balanced trade policy.
Keywords:
World Trade Organization (WTO) trade agreement international economic integration trade policy economic growth GDP export diversification foreign direct investment competitivenessReferences
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