TASHKENT, Uzbekistan, May 2. Uzbekistan’s
efforts to join the World Trade Organization are very commendable
and reflect strong commitment and significant progress over the
past two years, said Koba Gvenetadze, IMF Resident Representative
to Uzbekistan, during a media roundtable at Uzbekistan’s Central
Bank, Trend
reports.
He noted that nearly 32 bilateral agreements have been signed,
with more added each month.
Gvenetadze stressed that a number of crucial actions must yet be
performed before the nation can become a full member of the
WTO.
The IMF representative noted that joining the WTO would provide
Uzbekistan with broader access to international and regional
markets, enhance the competitiveness of its economy, and increase
its export potential.
He also referenced a joint study conducted by the WTO and IMF,
which analyzed the long-term impacts of WTO accession in various
countries. The findings indicate that membership typically leads to
medium-term economic growth and job creation — outcomes that align
closely with Uzbekistan’s development goals.
“We strongly support Uzbekistan in this effort, and we are
hopeful that these determined steps will lead to the country’s
accession to the WTO,” Gvenetadze concluded.
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