US Secretary of Commerce: Uzbekistan's aspiration for EAEU may complicate WTO accession
BAKU, Azerbaijan, Oct. 23
By Fakhri Vakilov-Trend:
Uzbekistan’s aspiration to join the Eurasian Economic Union (EAEU) may complicate and delay the process of the country's accession to the World Trade Organization (WTO), US Secretary of Commerce Wilbur Ross stated at the business forum of the American-Uzbek Chamber of Commerce in Washington, Trend reports citing the Uzbek media.
Ross called on Uzbek partners to "carefully examine the impact of the new agreements on WTO accession."
The fact that Uzbekistan is considering the issue of joining EAEU was revealed during a recent visit by head of Russian Chairwoman of the Federation Council Valentina Matviyenko to the country. In summer, Uzbekistan’s President Shavkat Mirziyoyev also spoke about the prospects of the country's membership in the union.
“The United States 'strongly supports' Uzbekistan’s entry into WTO and is awaiting a government response to requirements of the memorandum on foreign trade regime. The memorandum, which was approved in March, is the basis for considering the application for the country's accession to the WTO,” the US Secretary of Commerce said.
Ross also cited data on bilateral trade between the countries. In 2017, the turnover amounted to $136 million, in 2018 - to almost $300 million.
From January through August 2019, the volume of US exports to Uzbekistan exceeded $ 455 million. In turn, Uzbekistan plans to increase exports to the United States by 60 items of commodity nomenclature, totaling $1.5 billion.
Follow author on Twitter:@vakilovfaxri