Uzbekistan finalizes WTO accession talks with China

Urunov described his recent visit to Beijing as "brief but productive," during which he held talks with Chinese Vice Minister of Commerce Li Fei and Department Director Li Defeng. "The end of the year has been crucial for our WTO accession efforts. We have finalized negotiations with two major trading powers — the United States and China. Agreements have now been reached with 22 countries, with only a few remaining," Urunov stated.

Earlier this month, Uzbekistan wrapped up 14 months of negotiations with the United States, signaling a strong commitment to advancing its trade agenda. In 2023 alone, other countries, including Israel, Brazil, and Sri Lanka, have also expressed support for Uzbekistan’s accession.

Remaining challenges and commitments

During the European Economic Days forum on November 6, Urunov highlighted that Uzbekistan still needs to finalize agreements with several nations, including Russia, the United Kingdom, Switzerland, and members of the European Union. He also emphasized the importance of implementing non-tariff trade regulations domestically to align with WTO standards.

Reforms to boost trade and economic growth

President Shavkat Mirziyoyev has made WTO membership a strategic priority, considering it vital for boosting exports, particularly of finished goods. In April 2023, he directed the government to expedite accession efforts. To support this goal, a presidential representative position for WTO affairs was created, and interaction units were established within 20 government agencies.

Additionally, Uzbekistan has introduced legislative reforms to ensure compliance with WTO norms. Addressing the UN General Assembly in September 2023, President Mirziyoyev reaffirmed the country’s commitment, aiming for membership by the WTO’s 14th Ministerial Conference in 2026.

Economic implications and transition period

First Deputy Chairman of the Tax Committee, Mubin Mirzaev, disclosed that Uzbekistan would be granted a 2–3 year transition period upon joining the WTO. During this phase, tariff agreements will be negotiated with other member states. Meanwhile, Minister of Economy and Finance Jamshid Kuchkarov, addressing parliament on November 27, described the WTO as a "fair global trading system," encouraging local businesses to adapt to competitive conditions.