The agreement establishes a new legal basis for reinforcing political dialogue and deepening cooperation in many mutually beneficial areas. These include trade and investment, sustainable development and connectivity, intellectual property, research and innovation, education, environment and climate change, as well as rule of law, human rights and civil society.
It also strengthens cooperation in foreign and security policy, encompassing conflict prevention and crisis management, risk reduction, cybersecurity, regional stability, disarmament, non-proliferation, arms control and export control.
The agreement opens opportunities for collaboration in new areas such as critical raw materials essential for the green and digital transitions, building on the memorandum of understanding signed between the EU and Uzbekistan in 2024.
It also supports enhanced regional connectivity, including through the Global Gateway initiative and the Trans-Caspian Transport Corridor, an official release from the EU said.
Both sides also announced the conclusion of their bilateral negotiations on market access on services and goods—a key milestone in Uzbekistan's ongoing accession process to the World Trade Organisation (WTO).
The deal includes Uzbekistan's commitments on maximum tariff rates for import and export of goods and Uzbekistan's concessions in services. These commitments and concessions will be embodied in the future Protocol of Accession of Uzbekistan to the WTO.
The EU is Uzbekistan's third largest trading partner, accounting for 10.4 per cent of Uzbekistan's trade in 2024, and its second largest export destination—at 7.2 per cent of Uzbekistan's exports.
ALCHEMPro News Desk (DS)
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