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Uzbekistan Decided to Join the EAEU

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13.10.2019

As it’s been demonstrated by the results of the recent meeting of the Supreme Eurasian Economic Council (SEEC), which just came to a closure in Yerevan, the Eurasian Economic Union (EAEU) is expanding the geography of cooperation. On top of Iran and Singapore, that have already joined the EAEU free trade zone, Uzbekistan is planning to become a full-fledged member of this organization. This was revealed by the Speaker of the Federation Council of the Federal Assembly of the Russian Federation, Valentina Matvienko, which serves as an indication that the President of Uzbekistan, Shavkat Mirziyoyev decided to examine the possibility of joining the EAEU and this matter should be resolved in the near future.

Uzbekistan is a highly successful country, that is known for its large population (more than 33 million people) and a massive developed economy (last year its GDP reached the mark of 48.6 billion dollars), which means that it’s an attractive economic partner and a promising candidate for the EAEU. On top of the fact that Mirziyoyev’s state has already become a prominent economic partner for the better part of the EAEU countries, it boasts an impressive transit infrastructure, which can benefit those players willing to develop economic ties with faraway partners. Therefore, the accession of Uzbekistan to the EAEU will significantly strengthen the economic and political potential of the association as a whole.

Upon gaining independence after the fall of the USSR, the foreign policy of Uzbekistan was based on two basic principles: a balanced approach to the ties with all of the major international powers, and a refusal to participate in any multilateral integration associations, as Tashkent’s primary focus was centered on building bilateral ties, that had both economic and military components. Those principles were set in stone in Uzbekistan’s Foreign Policy Concept, approved by its parliament back in 2012. For quite a while, Tashkent would observe a strict code of conduct without manifesting any intentions of joining the EAEU.

However, with the onset of new political and economic reforms in Uzbekistan,........

© New Eastern Outlook