The EU has extended Uzbekistan's Generalised System of Preferences Plus (GSP+) trade preference arrangement by four years to December 31, 2027, Uzbek Review has reported.
The EU Ambassador to Tashkent Charlotte Adriaen announced the decision on December 19.
GSP+ has significantly benefited Uzbekistan, with the country's exports to the EU rising from €93mn in 2019 to €450mn in 2022.
The programme, exempting Uzbekistan from certain taxes, has also positively impacted economic diversification, with a shift towards pharmaceuticals and other chemical products.
The EU supports Uzbekistan's progress in human rights and labour rights but also emphasises the need for further efforts, particularly in freedom of association and expression, Adriaen said.
Related Articles
Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more
New agreement provides for more than 1,000 weekly flights between Uzbekistan and Russia
Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more
Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months
Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more
Most Read
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
5 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
BERTRAND: China now accounts for 64% of world’s renewable energy output
4 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
4 months ago