Issue of cooperation of Uzbekistan with the EAEU is considered

Tashkent, Uzbekistan (UzDaily.com) - As part of the fourth plenary meeting of the upper house of parliament, the issue of cooperation between Uzbekistan and the Eurasian Economic Union (EAEU) was considered.

As previously reported, the materials and calculations presented by the Cabinet of Ministers, based on in-depth analysis, were discussed at meetings of the Senate committees and ad hoc working groups with the participation of leading experts and specialists.

In addition, this issue was discussed by the Jokarges Kenes of the Republic of Karakalpakstan, regional, Tashkent city, district and city Kengashes of people's deputies.

In plenary, this issue was also the subject of active discussion.

According to supporters of establishing cooperation within the EAEU, cooperation with this organization further enhances the ability to increase foreign trade, implement major investment projects in the country, territorial clusters, and develop regional ties in organizing industrial and trade zones.

Along with this, the opportunity will be created to export agricultural products to the EAEU member states without customs clearance.

Another feature is that cooperation with the EAEU will positively affect interests in the transport and communications sector and in the field of cargo transit, and will create great opportunities for our citizens who carry out their labor activities in the EAEU member states.

The participation of Uzbekistan in the EAEU as an “observer state” will make it possible to be informed about the work carried out within the framework of this organization, and to draw the correct conclusion as a result of the analysis.

Senators, who did not support cooperation with this organization, expressed an opinion on its possible consequences: a decrease in the production rate in a number of sectors of our economy, loss of jobs to a certain extent, a slowdown in the processes of investment activity and industrial modernization.

They also noted an increase in prices for products of local manufacturers in a certain period, a negative impact on its competitiveness, as well as an increase in the volume of imported products in the domestic market. In addition, the risk of worsening the state of the trade balance and the balance of payments of the republic was emphasized. In addition, they spoke about the greater relevance for the country's interests of the issue of joining the World Trade Organization.

Upon completion of a heated and open discussion, the senators approved the proposal for the participation of the Republic of Uzbekistan in the EAEU in the status of an “observer state”.

An appropriate resolution of the Senate of the Oliy Majlis has been adopted on this issue.