02.10.19
Since the beginning of 2016, when the President of Uzbekistan Shavkat Mirziyoyev took office, the country has managed to get out of the years of economic isolation.
According to the news website Ca-news.org, the management team headed by President Mirziyoyev carried out some activities such as regulating the tax system, free movement of capital, abolishing the restrictions imposed by the state on commercial activities. At the same time, Uzbekistan has succeeded in conducting relations with neighboring countries in a positive manner during this period.
Since Uzbekistan is the only state that has borders with all countries in Central Asia and has a developed production center in its region, it is very much possible to have active relations with neighboring states. Uzbekistan, whose production area is developing, allows workers to be brought from neighboring Kyrgyzstan and Tajikistan and contributes to the strengthening of the integration process.
The latest statistical information shows that there have been major developments in Uzbekistan's foreign trade volume. For example, from 2017 to 2018, the total volume of imported products from Kazakhstan reached 569 million USD (53% growth compared to the previous period). In the same period, the trade volume with Kyrgyzstan increased from 242 million dollars to 462 million dollars, the trade volume with Turkmenistan increased from 159 million dollars to 274 million dollars. The trade volume with Tajikistan is remarkable and this ratio is from 124 million dollars to 287 million dollars (131% growth in the same period).
Uzbekistan’s foreign trade volume continues to grow, according to the information provided by the International Monetary Fund, in the last 5 months of 2019 Uzbekistan’s trade volume with other Central Asian countries reached 1.7 billion USD. These indicators have grown by 27.6% compared to the same period last year.
