Business in Uzbekistan, Tashkent

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

1. To analyse the Uzbek Economy and Foreign Trade (Import, Export, FDI)
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

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 Organisation (ECO)
4. Shanghai Cooperation Organisation (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

Trade Facilitation Programs

1. World Trade Organisation (WTO) (in process of accession)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. International Bureau of Containers and Intermodal Transport (BIC)
4. International Civil Aviation Organisation (ICAO, Chicago Convention)
5. International Maritime Organisation (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. Organisation for Cooperation between Railways (OSJD)

Islamic Organisations

1. Organisation of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC)
   2. Islamic Chamber of Commerce and Industry (ICCI)
   3. Islamic Centre for Development of Trade (ICDT)
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
2. Islamic Development Bank (IsDB)
3. Tajikistan - Middle East (AMED)

Euro-Asian Trade and Economic Organisations

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 Organisations

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)
2. World Bank (WB)
3. World Trade Organisation (WTO)
4. International Monetary Fund (IMF)
5. World Customs Organisation (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 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 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 Civilisation).

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, Russia, 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