Uzbekistan’s accession to the WTO could reshape the economy, affecting prices, jobs, and businesses
The improvement was driven by better assessments of current conditions
Strong growth, lower inflation and record bank profits highlight resilience, but structural challenges remain
The reform also targets outdated standards
Regionally, the highest annual inflation was recorded in Fergana
Urunov said joining the WTO is primarily an economic process
The strongest growth in transaction activity was recorded in Bukhara region
Global inflation is forecast at 3.8% this year and 3.4% next year
Experts classified Uzbekistan as one of the countries with “sustained growth”
Exports from the world’s second-largest economy rose 6.6%
UN expects GDP growth to slow to 6% this year
In 2025, Uzbekistan adopted 30 legal documents linked to WTO accession
He also announced the launch of the “Doubling Productivity and Efficiency” programme
Exports during January–November totalled $30.9 bn
Uzbekistan has held observer status in the EAEU since December 2020
New data shows slower borrowing pace as multilateral lenders remain Uzbekistan’s biggest creditors
The ministry also set a lower cap of on foreign borrowing
The pace of debt growth is slowing
The fiscal deficit is forecast at 3% of GDP
Fergana saw the highest annual inflation
The fund also praised Uzbekistan’s progress towards joining the WTO
Growth was supported by increased investment and strong consumer demand
GDP is expected to grow by 7% this year