Uzbekistan proposes free trade and fast border movement to EEU

By bne IntelIiNews February 5, 2024

In a move aimed at enhancing trade efficiency, Uzbekistan has called on the Moscow-led Eurasian Economic Union (EEU) to engage in talks to implement green corridors and promote free trade in agricultural goods, TASS has reported.

Prime Minister Abdulla Aripov of Uzbekistan suggested consultations between relevant ministers to establish specific measures. "We propose to hold consultations at the level of our relevant ministers with the development of specific measures to ensure the full functioning of green corridors and free trade in agricultural products without the use of tariff and non-tariff restrictions," he said during the Eurasian Intergovernmental Council meeting on February 2.

Aripov further emphasised the importance of adopting modern technological solutions to streamline the movement of goods and vehicles across borders. "In order to create conditions for the accelerated movement of goods across our customs borders, we propose to develop an agreement between Uzbekistan and the EEU on the electronic exchange of information on goods and vehicles of international transport," he explained.

The EEU consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, with Uzbekistan as an observer state. The union aims to facilitate economic integration and cooperation among its member states.

Related Articles

Tashkent Stock Exchange reports decline in 1Q24 trading volume

Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more

Uzbekistan's basalt industry attracts $498mn investment

Uzbekistan’s basalt industry has attracted an investment of $498mn. The focus on basalt stone mining and fibre production, particularly in the Forish district of Jizzakh region, has become a ... more

Coca-Cola invests $165mn in two new Uzbekistan factories

Coca-Cola Ichimligi Uzbekistan has announced plans to invest $165mn in constructing two new factories, Spot reported on April 8. The first factory, to be situated in ... more