Uzbekistan

Uzbekistan to Benefit from EU GSP+ Trade Scheme

Justinas Liuima

Uzbekistan’s location in Central Asia could be used to connect trade routes in Asia and Europe. Over the last few years, the country has been actively seeking to diversify its economy and boost trade. In April 2021, Uzbekistan joined the EU’s GSP+ (Generalised Scheme of Preferences) scheme, which will remove trade tariffs on two thirds of the product lines covered by GSP, and is expected to aid economic growth.