MACROECONOMIC IMPACT OF INTERNATIONAL TRADE AGREEMENTS ON UZBEKISTAN’S ECONOMY

Abstract

This study examines the optimal sequence for Uzbekistan's integration strategies into the World Trade Organization (WTO) and the Eurasian Economic Union (EAEU). We explore four main scenarios: joining the WTO without entering the EAEU, becoming an EAEU member without WTO accession, first joining the WTO then the EAEU, and initially entering the EAEU followed by WTO accession. The results suggest that Uzbekistan would benefit most from initially joining the WTO and then the EAEU, as this approach offers greater trade liberalization and generates more significant positive outcomes.