ABSTRACT

The vast natural resources of Uzbekistan, together with the productive and intellectual potential created during the Soviet era, lay the preconditions for this country's successful integration into the world economy. In terms of the known reserves of such mineral resources as gold, uranium, natural gas, copper, and tungsten, Uzbekistan ranks among the leading countries in the world. During the years of independence, the geographic structure of foreign trade has undergone major changes in Uzbekistan. Changes are also occurring in the goods structure of foreign trade. Thus, there has been a sharp decrease in the imports of energy and fuels and cereal grains. The administrative regulation of the hard currency course, trade barriers, and the high level of monopoly in many branches all constitute serious obstacles to the economic development in Uzbekistan. A liberal trade policy is an important instrument for promoting the development of enterprises with foreign investment.