Uzbekistan – Korea webinar on the “Impact of Uzbekistan’s accession to the WTO on agriculture, financial sector and automotive industry” has taken place.

The event was organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan jointly with the Korea Institute for International Economic Policy with the support of the Ministry of Trade, Industry and Energy of the Republic of Korea and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan.

The webinar was attended by more than 50 senior officials and specialists of different levels of 23 ministries and agencies responsible for trade, industry, finance, law, as well as representatives of expert and analytical institutions of Uzbekistan and the Republic of Korea.

The meeting made it possible to study the results of research by experts on the preparation of Uzbekistan for membership in the WTO and discuss the impact of this process on some priority sectors of the national economy.

In his welcoming speech, Deputy Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan Sanjar Valiyev emphasized the importance of the event, which is the practical embodiment of the agreements reached between the Presidents of the Republic of Uzbekistan and the Republic of Korea.

Heungchong Kim, President of the Korea Institute for International Economic Policy, noted that Tashkent’s efforts to resume the process of joining the WTO in 2020 accelerate the process of trade liberalization and strengthen the country’s foreign economic activity. At the same time, the South Korean specialist expressed his firm conviction that the active multifaceted interaction carried out in recent years between the specialized agencies of the two countries will contribute to the preparation of Uzbekistan economy for a highly competitive environment in the world markets.

Following the webinar, the participants agreed that the findings of the study were extremely useful for further negotiations on Uzbekistan’s accession to the WTO and preparing several industries for the transition period. In this regard, the experts of the two countries agreed to continue their joint work, taking into account the observed changes in the global economy and world trade.

UzA