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

AfCFTA and Trade Benefits for Nigeria

Pavestones Legal

The Federal Executive Council ratified Nigeria’s accession to the African Continental Free Trade Area (AfCFTA) on November 11, 2020.

Ex Aequo Et Bono Arbitration: To Be Or Not To Be

Streamsowers and Kohn

One of the fundamental principles of arbitration is “party autonomy”, which is the right of the parties to a contract to choose the means of resolving any dispute.

The development of export trade in Nigeria

SPA Ajibade & Co.

Adam Smith, hypothesized that the concept of absolute advantage comes into play where one country would have a complete economic advantage over another if it could produce the same amount …

Electronic Commerce and Commercial Law in Nigeria

Bam & Gad lawyers

The growth and best benefits of e-commerce in Nigeria and international business law in Nigeria as it relates to specialized law of e-commerce, commerce and cyber law have yet to be adequately provided by both the law , …



Source link

About The Author

Related Posts

Leave a Reply

Your email address will not be published.