Visitors learn about Uzbekistan’s WTO accession at Tashkent Europe Day Festival

09.07.2023 475

Europe Day was celebrated in Tashkent with a fair that showed how an EU-funded project supports Uzbekistan’s accession process to the World Trade Organization.

Europe Day celebrates peace and unity within the European Union, which marked the occasion on 6 May in Tashkent with a festival that showcased EU-funded projects. The fair displayed cooperation between the EU and Uzbekistan, and the sharing of technical expertise.

Ambassador speaks in front of Europe Day banner
EU Ambassador Charlotte Adriaen was the keynote speaker at the Europe Day celebrations.
Photo by EU Delegation, Tashkent

The EU-funded project on Facilitating the process of Uzbekistan’s accession to the WTO, implemented by the ITC, used its stand at the fair to share with the public and the media the project’s progress.

As Uzbekistan’s World Trade Organization accession advances, it’s important for the public to understand what to expect when the country integrates into the global economy.

Visitors learned about key WTO topics, such as trade facilitation and rules that cover goods and services, agriculture, intellectual property, and more. Information brochures and videos were available.

Preparing for new opportunities

For WTO membership to benefit the country, Uzbekistan’s enterprises also need to understand what

could happen when the country opens its borders and learn how to tap into the opportunities this could create for them.

With private sector buy-in, integration in the global economy can bolster economic growth and development in the country.

WTO membership promotes economic stability through transparent economic and trade policies. This prevents members from imposing arbitrary trade barriers on one another, which also helps to lower the prices of goods and services for consumers.

A stable business environment becomes growth-directed through greater market access and predictable prices.

About the project

The ITC is the implementing partner of the European Union’s Facilitating the process of Uzbekistan’s accession to the WTO project. The five-year initiative seeks to support Uzbekistan's development plans to modernize its economy by leveraging its WTO accession process. The overarching objective of the project is to contribute to the country’s economic development.

 

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