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Uzbekistan to consider EAEU experience in regulating trade issues

Uzbekistan to consider EAEU experience in regulating trade issues

3/15/2021

On March 15, Andrey Slepnev, Member of the Board – Minister in charge of Trade of the Eurasian Economic Commission, and Laziz Kudratov, First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan, conducted negotiations as part of the working visit of the Uzbek delegation headed by Sardor Umurzakov, Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan, to the Russian Federation. Later in the day, Mikhail Myasnikovich, Chairman of the EEC Board, held a meeting with Sardor Umurzakov involving Andrey Slepnev, EEC Minister in charge of Trade, during which some issues of trade cooperation were discussed.

"Just yesterday, our parliament approved a roadmap for developing interaction with the Eurasian Economic Union. A whole host of issues have been raised with regard to harmonizing legislation, including customs tariff and non-tariff regulation. Actually, this entails manufacturing industry, transport, standards and technical regulation,” Laziz Kudratov informed. According to him, the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan set up a special subdivision two weeks ago, which will address the issues of cooperation with the Union.

For his part, Andrey Slepnev has stressed the importance of ongoing negotiations conducted by Uzbekistan on its accession to the WTO. In his opinion, harmonizing legislation with the Union’s rules could help bring regulation in line with standards adopted by this organization. Moreover, incorporation of the Eurasian standards would inevitably help increase mutual trade.

 

"A serious matter is also related to issues of trade infrastructure. We have a number of projects that can be of interest to Uzbekistan. In particular, this entails the Agroexpress project, enabling to minimize costs and expedite delivery of chilled and frozen products,” noted the EEC Minister in charge of Trade. Accelerating the logistics will make it possible to boost supplies of Uzbek agricultural products, which can ultimately have a positive impact on the hundreds of thousands of workers employed in the industry.

Besides, implementing the CIS Free Trade Agreement and abolishing excise taxes in that respect were touched on. The sides have expressed interest in further discussing transboundary e-commerce, transport digitalization, technical regulation and creating mutual reinsurance mechanisms in trade; they also touched upon anti-dumping investigation procedures.

Laziz Kudratov expressed himself in favor of training seminars and consultations to be conducted by the Commission to raise competence of representatives of Uzbekistan’s public authorities and focus on regulatory practices being applied in the Union.​