Uzbekistan President Shavkat Mirziyoyev has signed a law confirming the country's membership in the World Trade Organization (WTO). This move is seen as a significant step to bolster Uzbekistan's global economic integration and attract foreign investment, though analysts caution about potential challenges and the need for further reforms to realize full benefits.

WTO membership expands Uzbekistan's access to world markets and is expected to boost exports. President Mirziyoyev described the event as "important for the country's economic development and strengthening international cooperation," but critics note that local industries may face increased competition and adjustment pressures.

With the law's signing, Uzbekistan commits to adhering to WTO trade rules, necessitating continued internal reforms. The government has established a special commission to oversee this process, yet questions remain about the country's capacity to meet stringent requirements and mitigate socio-economic disruptions.

Experts highlight that WTO membership could positively impact Uzbekistan's economy, but emphasize that additional measures are required to enhance competitiveness. This decision reflects Uzbekistan's push for active integration into the global economic system, albeit with uncertainties about implementation and long-term outcomes.

Source: uznews.uz