Uzbekistan and WTO Discuss Further Steps in Accession Negotiations
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Uzbekistan and WTO Discuss Further Steps in Accession Negotiations

Uzbekistan and the World Trade Organization (WTO) held discussions on the progress of the country's accession process and outlined further measures to harmonize national legislation with international trade norms.

Tashkent, Uzbekistan

The meeting took place on November 3rd and was attended by a delegation led by Sun-yo Choi, Chairman of the Working Group on Uzbekistan's WTO Accession, and Deputy Minister of Economy and Finance Akhadbek Khaydarov. Participants reviewed the current status of the accession process, ongoing economic reforms in Uzbekistan, and the development of trade and economic ties.

Furthermore, the parties discussed the need to improve the legislative framework to meet the requirements of the international trading system. A significant part of the negotiations was dedicated to the agricultural sector, where the parties analyzed agrarian reforms, conditions for agricultural product trade, and issues of sectoral financial support in the context of Uzbekistan's WTO accession.

Topics such as service regulation, the application of international trade standards, and expanding economic cooperation with Central Asian countries, including regional integration development, were also addressed. Following the meeting, the parties exchanged views on the next steps to advance Uzbekistan's WTO accession negotiations, increase foreign trade opportunities, and strengthen regional economic partnership.

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Central Bank of Uzbekistan and Asian Development Bank Discussed New Directions for Technical Assistance
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Central Bank of Uzbekistan and Asian Development Bank Discussed New Directions for Technical Assistance

The Central Bank of Uzbekistan, together with the Asian Development Bank (ADB), analyzed the results of its technical cooperation for the period 2023–2026 and discussed the prospects of launching new joint projects, according to the Central Bank's press service.

The meeting took place concurrently with the Samarkand Islamic Finance Forum in 2026. Participants included Deputy Chairman of the Central Bank Sanjar Nosirov, Director of Financial Inclusion Dilbar Abduganiyeva, heads of relevant departments, as well as ADB's Director of Financial Sector Mohd Sani Mohd Ismail.

Participants reviewed the technical assistance provided by the ADB to the Central Bank from 2023 to 2026. The cooperation focused on increasing the accessibility of financial services, consumer protection, promoting financial literacy, and strengthening risk-based supervision of the non-banking sector.

Furthermore, the parties exchanged views on potential new areas of technical interaction. These include the development of the Islamic capital market, the introduction of liquidity management tools, and the improvement of supervision over the non-banking financial sector.

Following the negotiations, representatives of the Central Bank and the ADB expressed interest in further developing cooperation and implementing joint projects in the agreed areas.

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