Discussions Held on Uzbekistan’s Progress Towards WTO Membership

A dialogue on the latest trends and prospects regarding Uzbekistan's accession to the World Trade Organization (WTO) was held at the University of World Economy and Diplomacy.

The discussion focused on the country’s notable achievements on the path to WTO membership, including the dynamics of the negotiation process, adopted decisions, and current issues under consideration at the international level, The Caspian Post reports citing Uzbek media.

As participants of the event noted, Uzbekistan’s accession to the WTO will pave the way for liberalizing the national economy, enhancing competitiveness, and expanding the country’s presence in global markets. These factors will, in turn, strengthen Uzbekistan’s position within the international trading system.

Deputy of Parliament Umid Yakubkhodjayev provided a detailed overview of the wide-ranging reforms aimed at aligning Uzbekistan’s national legislation with the fundamental principles and norms of the WTO. These reforms include amendments to legal and regulatory acts governing trade policy, intellectual property, investment activity, and other key sectors.

The purpose and significance of the ongoing reforms, as well as their role in fulfilling Uzbekistan’s international commitments, were thoroughly outlined. Special attention was given to ensuring transparency in the country’s trade and investment environment as part of these transformations.

The event also featured the presentation of a new book by Umid Yakubkhodjayev, “The Legal Architecture of the WTO and Its Asymmetries”. This comprehensive work offers an in-depth analysis of the WTO’s legal framework, its role in the global trading system, and the challenges faced by developing countries during integration.

The book is expected to serve as a valuable resource for specialists and researchers in the fields of international trade law, economics, and diplomacy.

The dialogue marked an essential step in advancing knowledge of international trade policy and law, as well as in deepening the understanding of Uzbekistan’s integration into the global economy.