Business in Uzbekistan

EENI- School of International Business

Subject: Doing Business in Uzbekistan. Tashkent. Syllabus:

1. Introduction to the Republic of Uzbekistan (Central Asia)
2. The Economy of Uzbekistan
3. The 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. Pharmaceutical industries
   8. Information technologies (IT)
7. Transport Network in Uzbekistan
   1. Case Study: The International transport corridors of Uzbekistan
8. Financial system of Uzbekistan
9. Tourism sector of Uzbekistan
10. The 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 student's country
4. To know Uzbekistan's Trade Agreements
5. To examine the profile of Uzbek companies
6. To develop a business plan for the Uzbek market

Sample of the subject - Doing Business in Uzbekistan:

Description of the Subject (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. The Uzbek Population: 29 millions of people (the largest in Central Asia and third in CIS countries)
10. The capital of Uzbekistan: Tashkent
11. The official language: Uzbek
12. Russian is also used as lingua franca in the region

The main religion in Uzbekistan: Islam (90% of the population).

Uzbekistan belongs to the Central Eurasian Economic Area of the Islamic Civilisation.

The economy of Uzbekistan.

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

The International Trade of Uzbekistan.

1. Merchandise exports (% of GDP): 23%
2. Merchandise imports (% of GDP): 23,6%
3. The 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)

Uzbekistan is a member of...

1. Organisation of Islamic Cooperation (OIC)
2. Islamic Development Bank
3. World Customs Organisation
4. Economic Social Commission Asia-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: The European Investment Bank and the Economic Commission Europe (UNECE)
10. Africa-Asia Strategic Partnership (NAASP)