Uzbekistan and Paraguay Finalize WTO Market Access Negotiations
Uzbekistan has officially completed bilateral negotiations with Paraguay regarding market access as part of its World Trade Organization (WTO) accession efforts. This significant development occurred during Paraguayan President Santiago Peña’s recent visit to Tashkent.
Key Developments in WTO Negotiations
During this high-profile meeting, Uzbek President Shavkat Mirziyoyev and President Peña signed a pivotal joint statement. This document signifies the successful conclusion of the market access discussions pertaining to Uzbekistan’s WTO accession.
Details of the Signed Agreements
- The market access protocol was finalized during the bilateral talks.
- A memorandum of understanding was also signed to create an inter-ministerial mechanism for ongoing political consultations.
The joint statement reinforced the commitment of both nations to deepen their economic ties and enhance collaboration. The successful negotiations mark a crucial step for Uzbekistan as it seeks to integrate more fully into the global trading system.
Next Steps for Uzbekistan
As Uzbekistan continues its journey towards WTO membership, it plans to pursue additional bilateral negotiations with other countries. Strengthening market access agreements will play a vital role in its trade strategy.
This latest development is a testament to the proactive foreign policy of Uzbekistan, aimed at fostering international partnerships and enhancing its global trade position.
