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International Journal of Trend in Scientific Research and Development (IJTSRD)
Special Issue on Innovative Development of Modern Research
Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470

Uzbekistan and the Eurasian Economic Union (EEU):

Integration in the Interests of the Country and the People?

X. I. Muminov , I. B. Abdullayev
2
1
1 PhD in Economics, Bukhara State University, Bukhara, Uzbekistan
2 Master of Bukhara State University, Bukhara, Uzbekistan

ABSTRACT that member states pursue the same trade policy. That is, for
Articles in the section, whether the Republic of Uzbekistan non-member states, the same level of customs has been
is a member of the Eurasian Economic Union or not, can be established (the organization currently has some
useful or harmful for our integrated economy. exceptions).

KEYWORDS: Eurasian Economic Union (EEU), integration, In March last year, it was decided that Uzbekistan would join
the Eurasian Economic Union as an observer state. This
Interstate Council, Integration Commission, Free Trade Zone,
means that we have taken a very big step towards joining the
NAFTA, Customs Union, Mecosur, Monetary Union, Monetary
Union, Full integration, observer states, WTO (World Trade union (another, two, three, or even 5 years is a big step in
Organization), regional integration processes, tariffs, patents, our relationship with a member of the union).
tariffs, counter sanctions Relevance of the topic In general, integration always
stimulates economic growth. As long as the rule of law
INTRODUCTION prevails in the integration organization over the interests of
The Eurasian Economic Union was established on May 29, any member state. In the Eurasian Economic Union,
2014 by the subject of international law for the free however, states (mostly Russia) have repeatedly violated EU
movement of goods, services, capital and labor and the laws in their own interests. For example, after the events in
implementation of common economic goals for the creation Crimea, Russia restricted the flow of Ukrainian products to
of conditions in the economy. Has been operating since Kyrgyzstan and Kazakhstan. Or that Russia has imposed
January 1, 2015. The Eurasian Economic Union operates restrictions on the import of milk and dairy products from
under an agreement signed by the governments of Armenia, Belarus under various pretexts (mainly licenses) (this should
Belarus, Russia, Kazakhstan and Kyrgyzstan. not be a problem at all in the customs union). Or the recent
problem with oil trade between Belarus and Russia, which
How does the OSCE work?
The main body of the OSCE during the Interstate Council. It has been fueled by Russia's preference for its own interests
over those of other members of the alliance. As you can see,
may be adopted on the basis of an agreement reached with
Russia is the main culprit in all the problems mentioned in
respect to the Member States. The permanent body of the
the current example.
OSCE is the Integration Committee. The board is scheduled to
meet four times a year. Decisions of the Committee are We are now receiving official observer status, and who can
implemented only if approved by two-thirds of the members. guarantee that there will be no such problems between
The votes of the members in the organization are Russia and our country after we join the union in the near
determined by the meeting fees. Hence the treatment, Russia future. Russia today is not a leading ally (as they think).
- 40; Belarus - 15; Kazakhstan - 15; Kyrgyzstan has 7.5
I have a question, why there are no reports of attempts to
percent of the vote, followed by Armenia with 7.5 percen
join the World Trade Organization (WTO)? Did it start again
Russia may be able to work on resolving the votes of the and stop like it did in 1994?
Russian Federation, provided that the performance of the
In general, we do not have to be a member of any
fees is considered. Toir Mansurov is currently the Secretary
organization to open the borders, in fact, in the current
General of the OSCE. In practice, there is an inter-
situation, simply removing the barriers at the border will
parliamentary commission of the OSCE, consisting of 42 bring us positive benefits (even without the agreement of
deputies from Russia, 16 from Belarus, 16 from Kazakhstan,
any state).
8 from Kyrgyzstan and 8 from Armenia. The Secretariat is
headquartered in St. Petersburg. The content of the issue
How can Uzbekistan's current membership in the Eurasian
A special bank is also working in Russia and Kazakhstan to Economic Community affect our economy?
solve economic problems and develop. The OSCE also has an
anti-crisis fund, the purpose of which is to provide Looking at the history of the world economy, we can see that
most of the countries that have been involved in
livelihoods for the implementation of the crisis in the world
economy. globalization and regional integration processes have
returned to the pace of rapid growth. In general, increasing
In 2012, the OSCE Court was also established. The court aims global specialization is accelerating the process of
to resolve disputes over the development of member states. globalization between countries. Therefore, integration
organizations are becoming one of the strongest factors in
Working in the second phase of the integrated Eurasian
Economic Union form. That is, there is a "customs regime" the economic development of states. But in the current
between member states of the organization, which explains situation, what are the consequences of Uzbekistan's
membership in the Organization?

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