Doing Business in Uzbekistan

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Syllabus of the Subject: Doing Business in Uzbekistan. Tashkent.

  1. Introduction to the Republic of Uzbekistan (Central Asia)
  2. Uzbek Economy
  3. Economic Profile of the Provinces of Uzbekistan
  4. Doing Business in Tashkent
  5. Foreign Trade of Uzbekistan
  6. Business Opportunities and Investment potential in Uzbekistan
    1. Petrol and gas industry
    2. Automotive
    3. Chemical industry
    4. Agricultural
    5. Machinery manufacturing
    6. Biotechnology
    7. Uzbek Pharmaceutical industries
    8. Information technologies (IT)
  7. Transport Network in Uzbekistan
    1. Case Study: International transport corridors of Uzbekistan
  8. Uzbek Financial system
  9. Uzbek Tourism sector
  10. Six advantages of Uzbekistan in the global economy
  11. Case Study: SC “Uzavtosanoat” (automotive industry)
  12. Access to the Uzbek market
  13. Business Plan for Uzbekistan

The objectives of the subject “Foreign Trade and Doing Business in the Republic of Uzbekistan” are the following:

  1. To analyse the Uzbek economy and foreign trade
  2. To evaluate the business opportunities in the Republic of Uzbekistan
  3. To explore Uzbekistan's trade relations with the country of the student
  4. To know Uzbekistan's Trade Agreements
  5. To examine the profile of the Uzbek companies
  6. To develop a business plan for the Uzbek market
The Subject (e-learning) “Doing Business in Uzbekistan” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Masters: International Business, Muslims Countries, Asia
  2. Doctorates: Islamic Countries, Asia
  3. Diploma: Central Eurasia (e-learning)
  4. Bachelor's Degree in International Trade (e-learning)

Doctorate and Master in International Business for the Uzbek Students.

Course learning materials in Higher Education in English (or Tertiary Education in Spanish Uzbekistán Post-secondary Education in French Ouzbekistan).

  1. Credits of the subject “Foreign Trade and Doing Business in Uzbekistan”: 1 ECTS Credits
  2. Duration: one week

Sample of the subject - Doing Business in Uzbekistan:
Doing Business in Uzbekistan

Description of the Subject (Online Learning): Doing Business in Uzbekistan.

The Republic of Uzbekistan: The Central Asian Trade Oasis.

  1. Uzbekistan is the largest country in Central Asia
  2. Strategic location in the region
  3. Uzbekistan is very rich in natural and human resources
  4. The Republic of Uzbekistan consists of twelve provinces and the autonomous Republic of Qoraqalpoghiston
  5. Independence from the URSS in 1991
  6. Uzbekistan is a landlocked country
  7. Borders of Uzbekistan: Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan
  8. Area: 447,400 square kilometres
  9. Uzbek Population: 29 million people (the largest in Central Asia and third in CIS countries)
  10. Capital of Uzbekistan: Tashkent
  11. Official language: Uzbek
  12. Russian is also used as lingua franca in the region

Main religion in Uzbekistan: Islam (90% of Uzbek population).

Uzbekistan belongs to the Central Eurasian Economic Area (Islamic Civilisation).

Economy of Uzbekistan.

  1. Uzbek GDP growth: 8.1%
  2. Services: 54% of GDP
  3. Main Uzbek economic sectors: industrial goods, agricultural, construction, and retail
  4. Uzbek Natural resources: mineral (petrol and gas) and agricultural
  5. Reserves of copper, gold (four largest reserves in the World), uranium, and tungsten
  6. Uzbek Currency: Uzbek Soum
  7. Uzbek inflation: 6.1%
  8. 1 million jobs created in 2014

Uzbekistan Corridors

International Trade of Uzbekistan.

  1. Merchandise exports (% of GDP): 23%
  2. Merchandise imports (% of GDP): 23,6%
  3. Exports of services (% of GDP): 4.4%
  4. Imports of services (% of GDP): 1.4%
  5. FDI Inflows (% of GDP): 1.3
  6. Top export markets are China, Russia, Kazakhstan, Turkey, and Bangladesh
  7. Top import suppliers are China, Russia, South Korea, Kazakhstan, Germany, and Turkey

Uzbekistan has preferential access/FTA.

  1. Free Trade Agreements (FTA) with the Kyrgyz Republic and Georgia
  2. Commonwealth of Independent States (CIS)
  3. Economic Cooperation Organisation (ECO)
  4. Shanghai Cooperation Organisation (SCO)
  5. Central Asia Regional Economic Cooperation (CAREC) Programme
  6. Eurasian Economic Community (EurAsEc)
  7. Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)

Community of Independent States CIS

Uzbekistan is a member of...

  1. Organisation of Islamic Cooperation (OIC)
  2. Islamic Development Bank
  3. World Customs Organisation
  4. Economic and Social Commission for Asia and the Pacific (ESCAP)
  5. Asian Development Bank (ADB)
  6. Asia Cooperation Dialogue (ACD)
  7. Boao Forum for Asia
  8. Uzbekistan-Middle East (AMED)
  9. Uzbekistan-European Union:
    1. European Investment Bank
    2. Economic Commission Europe (UNECE)
  10. Africa-Asia Strategic Partnership (NAASP)

Eurasian Economic Community (EurAsEC)

Economic Cooperation Organisation (ECO)



(c) EENI- Business School & Hispano-African University of International Business