TASHKENT, Uzbekistan, October 20. Uzbekistan and the United Nations Conference on Trade and Development (UNCTAD) reviewed the current condition and possibilities for trade and economic cooperation, Trend reports.
The news followed a recent meeting between Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov and Secretary General of UNCTAD, Rebecca Greenspan.
In the course of the discussions, the participants explored the progress of joint work on the analysis and development of proposals to promote Uzbekistan's accession to the World Trade Organization (WTO).
Moreover, the parties discussed improving the country’s investment climate, simplifying trade procedures, developing e-commerce, and expanding Uzbekistan's foreign economic potential.
Rebecca Greenspan highly appreciated the reforms carried out in Uzbekistan on liberalization and the introduction of market principles of economic management.
As a result of the meeting, agreements have been reached on the development of a single road map for joint projects.
Earlier this year, a representative of the Food and Agriculture Organization of the United Nations, Sherzod Umarov, noted that Uzbekistan may need to review and refine its agricultural practices to avoid any potential trade disputes or challenges in the World Trade Organization (WTO).
The FAO representative stated that there is a need to align these mechanisms with international trade rules and regulations. This involves ensuring that subsidies provided to agricultural producers are transparent, non-discriminatory, and comply with WTO guidelines.
