EU extends Uzbekistan's Generalised System of Preferences Plus trade deal by four years

By Ben Aris in Berlin January 2, 2024

The EU has extended Uzbekistan's Generalised System of Preferences Plus (GSP+) trade preference arrangement by four years to December 31, 2027, Uzbek Review has reported.

The EU Ambassador to Tashkent Charlotte Adriaen announced the decision on December 19.

GSP+ has significantly benefited Uzbekistan, with the country's exports to the EU rising from €93mn in 2019 to €450mn in 2022.

The programme, exempting Uzbekistan from certain taxes, has also positively impacted economic diversification, with a shift towards pharmaceuticals and other chemical products.

The EU supports Uzbekistan's progress in human rights and labour rights but also emphasises the need for further efforts, particularly in freedom of association and expression, Adriaen said.

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan's leading PVC maker Akfa Aluminium receives first credit rating

Akfa Aluminium, the largest manufacturer of PVC and aluminium profiles in Uzbekistan and one of the leading industrial companies in Central Asia, has received its first-ever credit rating from ... more

Uzbek diaspora leader sentenced to four years in penal colony in Russia over social media post on eggs

Usman Baratov, head of the interregional Uzbek community "Vatandosh," has been sentenced by a Moscow region court to four years in a general regime penal colony for inciting hatred and enmity, ... more

Uzbekistan posts first-half GDP growth of 6.4%

Uzbekistan's economy grew at a rate of 6.4% in the first half, according to offical statistics. The GDP growth was discussed in a meeting focused on economic sectors led by ... more

Follow Us On

Most Read

  1. French graffiti artist jailed for three years for defacing Baku metro
    7 days ago
  2. Central Asia is a big winner from the Ukraine war
    6 days ago
  3. Jihadists “in full swing” preparing “new September 11”, warns Afghanistan expert
    5 days ago
  4. Hungary acted as front for China in extending €500mn loan to North Macedonia
    6 days ago
  5. Russia mulls uranium export ban to US as latter considers Ukraine missile use permission
    4 days ago
  1. Possible record heat index of 82.2°C reported in southern Iran
    20 days ago
  2. Russia’s new war middle class
    27 days ago
  3. Have lab-grown diamonds changed the diamond industry forever?
    22 days ago
  4. Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
    3 months ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    5 months ago

Reports

Dismiss