Uzbekistan Agrees with EAEU on Preparing New Cooperation Plan

Uzbekistan’s President Shavkat Mirziyoyev received Bakytzhan Sagintayev, Chairman of the Board of the Eurasian Economic Commission, on October 22. The sides discussed expanding economic cooperation, reducing trade barriers and simplifying customs and transport procedures. Another meeting of the joint working group is planned before the end of the year.

The parties noted growth in mutual trade and investment between Uzbekistan and Eurasian Economic Union (EAEU) countries, as well as strengthened logistics ties. Uzbekistan takes part in the bloc’s work as an observer state. Cooperation covers digitalisation of trade and cargo transport, e-commerce and the climate agenda. Four joint working group meetings have already been held with the Eurasian Economic Commission, and a roadmap on aligning technical regulation systems has been approved.

Uzbekistan has also become a full member of the Eurasian Development Bank, and a portfolio of joint projects has been formed with the bank. One of the next tasks is preparing a new cooperation plan with the EAEU, which should include measures to reduce trade barriers, develop production cooperation and digitalise customs and transport procedures. Earlier, Mirziyoyev discussed attracting investment through the stock market and transforming large state enterprises with Jenny Johnson, head of Franklin Templeton.