EU-Uzbekistan bilateral trade and economic relations are governed by the Partnership and Cooperation Agreement (PCA). The agreement provides for the EU and Uzbekistan to grant each other most-favored-nation treatment with respect to:
- custom duties and charges applied to imports and exports
- direct and indirect taxes applied to imported goods, and
- rules relating to sale, purchase, transport, distribution and use of goods on the domestic market.
The PCA also provides for removal of all quantitative restrictions on trade between the EU and Uzbekistan but creates an opening for agreement over measures to protect domestic producers in cases where they may be harmed by imports. In addition, the PCA provides for economic cooperation with the view of ensuring that Uzbekistan’s international trade is conducted in conformity with the rules of the WTO.
Uzbekistan benefits from EU's Generalized System of Preferences (GSP) – an autonomous trade arrangement through which the EU provides non-reciprocal preferential access to the EU market to developing countries. GSP, designed to contribute to growth of economies in developing countries, ensures that that exporters from these countries pay lower or no duties on some or all of what products that they sell to the EU.
The most recent information about the scope of trade and economic relations between the EU and Uzbekistan can be found here .