The GSP+ is a special incentive arrangement for Sustainable Development and Good Governance that supports vulnerable developing countries. Next to fulfilling the eligibility requirements of the General GSP, GSP+ countries are required to ratify 27 international conventions on human rights, labour rights, environmental protection and climate change, and good governance. In order to ensure effective implementation of the conventions as well as compliance with reporting obligations, the EU engages in monitoring activities with the GSP+ countries. GSP+ beneficiaries can benefit from complete duty suspensions for products across approximately 66% of all EU tariff lines.
With a production of 713,000 tons (2019), Uzbekistan is the world's 7th largest cotton producer.
Uzbekistan's most important export products are gold, copper, natural gas as well as cotton and other apparel and clothing articles. The most important agricultural products for export, next to cotton, are fresh and dried grapes, apricots and peaches.
In June 2019, Uzbekistan expressed new interest and commitment to join WTO in near future.
Services account for about 44% of Uzbekistan's GDP, followed by industry with a share of 34%. Besides the production of cotton and the related textile industry, the food processing industry, metallurgy, machine building and mining are important industries in Uzbekistan.
Uzbekistan has a high preference utilisation rate of almost 88%. A large share of about 74% of imports from Uzbekistan is eligible for GSP preferences.
Total trade with the EU amounted to € 2,684 million in 2019, which makes the EU the 4th most important trading partner for Uzbekistan. More important are regional partners such as China, Russia and Kazakhstan.
Uzbekistan’s exports of manufactured products such as textiles, chemical products and food products have significantly increased in the last 20 years, indicating increasing export diversification. Nonetheless, commodities remain important for the economy, making it prone to price shocks on international markets.
A very large share of about 74% of EU imports from Uzbekistan is eligible for preferential market access under the general GSP.
Uzbekistan has a high preference utilisation rate of currently 87%.
Uzbekistan’s preference utilisation rate shows some fluctuations which can be traced back to fluctuations in overall eligible imports. Part of this variability in the usage of preferences can be explained by variations in the use of GSP preferences for mineral imports (S05).
The largest product sections under GSP are fibres and fabrics made of silk, wool, and cotton as well as articles of plastics. Product sections in which preferences are currently underutilised are prepared foodstuffs and beverages, here not even 60% of products eligible for preferential market access are imported using GSP preferences. This is also valid for transportation equipment like railways, aircrafts and ships and parts thereof, where currently no preferences are used.
|2019‑11‑12||Federica Mogherini met the Minister of Foreign Affairs of Uzbekistan, Abdulaziz Kamilov|