Uzbekistan: Uzbekistan obtained observer status in the Eurasian Economic Union (UEE)
To print this article, simply register or connect to Mondaq.com.
On December 11, 2020, the Eurasian Supreme Economic Council adopted a decision on granting observer status to Uzbekistan at its meeting, which was attended by the President of Uzbekistan.
EAEU is an international organization for regional economic integration. Now the UEE includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Moldova is an observer state.
In recent years, Uzbekistan has developed its bilateral cooperation with the EAEU countries. In 2016-2019, total trade between Uzbekistan and EU states increased by 60% to reach US $ 8.4 billion. Today, Uzbekistan’s share of foreign trade with the EAEU is 30%, and the volume of agricultural exports exceeds 75%.
In accordance with Article 109 of the EAEU Treaty, representatives of an observer state may attend meetings of Union bodies by invitation without the right to participate in decision-making and to receive non-confidential documents.
Originally posted December 21, 2020
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought on your particular situation.
POPULAR ARTICLES ON: Uzbekistan’s international law