Trade turnover between Uzbekistan and the countries of the European Union (EU) showed growth by 22%, while exports from Uzbekistan to the EU by 86%, in the first five months of 2022.
Chemical products (6-fold growth), textiles (90% growth) and food products (65% growth) were among the product categories that showed the greatest increase.
Uzbekistan achieved this in 2021 as a beneficiary of the EU’s Generalized System of Preferences GSP+.
A meeting between Deputy Prime Minister – Minister of Investments and Foreign Trade Sardor Umurzakov and the Chief Advisor to the President of the Council of Europe on Foreign Policy Simon Mordu took place in Brussels. The results of the visit of the EU monitoring mission to Uzbekistan within the framework of the GSP+ system were discussed and further measures to ensure compliance with the requirements of all 27 international conventions ratified by the country in order to use its advantages as a beneficiary of this system were identified by the parties in the course of the meeting.
The Uzbek side thanked the EU for the support in organizing and holding the 5th meeting of the Working Group on Uzbekistan’s accession to the WTO (World Trade Organization). They determined further efforts on cooperation in this direction.