Doing Business in Uzbekistan

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

1. To analyze the Uzbek Economy and Foreign Trade;
2. To know the business opportunities in the Republic of Uzbekistan;
3. To explore the Uzbek trade relations with the country of the student;
4. To know the Uzbek Trade Agreements;
5. To examine the profile of Uzbek companies;
6. To develop a business plan for the Uzbek market.

The Subject “Foreign Trade and Business in Uzbekistan” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): Islamic Business, Asian Business, World Trade.

Learning materials in (or Uzbekistán Ouzbekistan).

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

1. Almaty-Bishkek Economic Corridor;
2. International Transport and Transit Corridor of the Ashgabat Agreement;
3. Eurasian Land Transport Initiative (Silk Road);
4. Transport Corridor Europe-Caucasus-Asia (TRACECA);
5. Trans-Caspian Trade and Transit Corridor (Central Corridor);
6. China-Central Asia-West Asia Economic Corridor;
7. Access to the:
   1. Kyrgyzstan-Tajikistan-Afghanistan-Iran Transport Corridor (KTAI-ECO);
   2. Trans-Siberian Railway (Russia, Mongolia, China, North Korea);
   3. Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli);
   4. International North-South Transport Corridor (India-Russia);
   5. India-Chabahar (Iran)-Afghanistan Economic Corridor;
   6. China-Pakistan Economic Corridor;
   7. Islamabad-Tehran-Istanbul Rail and Road Corridor (ITI-ECO) (not ratified).

Uzbek Preferential Access and Free Trade Agreements:

1. Uzbekistan and the Central Eurasian Economic Area;
2. Commonwealth of Independent States (CIS);
3. Economic Cooperation Organization (ECO);
4. Shanghai Cooperation Organization (SCO);
5. Central Asia Regional Economic Cooperation (CAREC) Programme;
6. Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU);
7. Ukraine-Uzbekistan Free Trade Agreement;
8. Russia-Uzbekistan Free Trade Agreement (FTA);
9. Kyrgyzstan-Uzbekistan Free Trade Agreement;
10. Uzbekistan-Georgia Free Trade Agreement (FTA);
11. Iran-Pakistan-Turkey Transit Transport Framework Agreement (TTFA) - has not ratified the TTFA;
12. Islamic Trade Preferential System (TPS-OIC);
13. Eurasian Economic Union (EAEU) - Observer country
    1. Eurasian Economic Community (EurAsEc) - Dissolved.

1. World Trade Organization (WTO) (in process of accession);
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO);
6. Customs Convention on Containers (CCC, UN);
7. International Road Transport Union (IRU)
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
8. Organization for Cooperation between Railways (OSJD).

Islamic Organizations:

1. Organization of Islamic Cooperation (OIC)
2. Islamic Development Bank (IsDB);
3. Tajikistan - Middle East (AMED).

Euro-Asian Trade and Economic Organizations:

1. Economic and Social Commission for Asia and the Pacific (ESCAP);
2. Asian Development Bank (ADB);
3. Asia Cooperation Dialogue (ACD);
4. Boao Forum for Asia;
5. European Investment Bank;
6. Economic Commission for Europe (UNECE);
7. Africa-Asia Strategic Partnership (NAASP).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF);
5. World Customs Organization (WCO);
6. Uzbekistan-European Union:
   1. European Investment Bank;
   2. Economic Commission for Europe (UNECE).

The Republic of Uzbekistan

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 of Uzbekistan from the URSS in 1991;
6. Uzbekistan is a landlocked country;
7. Borders of Uzbekistan: Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan;
8. Are of Uzbekistan: 447,400 square kilometers;
9. Uzbek Population: 29 million people (the largest in Central Asia and third in CIS countries);
10. Capital of Uzbekistan: Tashkent;
11. Official language of Uzbekistan: Uzbek;
12. Russian is also used as lingua franca in the region.

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

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

Foreign Trade and Business in Uzbekistan:

Economy of Uzbekistan.

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

International Trade of Uzbekistan.

1. Merchandise exports (% of the GDP): 23%;
2. Merchandise imports (% of the GDP): 23,6%;
3. Service exports (% of the GDP): 4.4%;
4. Services Imports (% of the GDP): 1.4%;
5. FDI Inflows (% of the GDP): 1.3;
6. Top Export Markets of Uzbekistan are China, Kazakhstan, Turkey, and Bangladesh;
7. Top import suppliers of Uzbekistan are China, Russia, South Korea, Kazakhstan, Germany, and Turkey;
8. Access to the Eurasian Land Transport Initiative.

(c) EENI Global Business School (1995-2023)
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