Exploring Expected Impacts of Uzbekistan’s Accession to the EEU

The Project at A Glance

Uzbekistan, one of the world’s double landlocked countries, is implementing ambitious economic reforms to enhance the country’s global position. This is evidenced by Uzbekistan’s phenomenal improvement in its doing business rankings, having moved from being ranked 164th economy in the world a decade ago, to 69th in 2020.
International Economics provided analytical support to the Government of Uzbekistan as inputs into the Government’s informed decision process for Uzbekistan’s accession to the Eurasian Economic Union.

What We Found

The project’s overall objective was to employ the tools of trade policy analysis and improve the use of quantitative modelling analysis to explore expected (ex-ante) impacts of the EEU accession on Uzbekistan’s. International Economics Ltd’s outputs of the project were used in the Government of Uzbekistan’s decision-making process, and negotiation accession, with respect to the EEU accession.

Our Strategy and Impact

In particular, the Team:

Examined and employed available data sources to analyse Uzbekistan’s international trade;
Examined policy simulation tools for identifying trade potential and potential economic impacts arising from the EEU accession;
Worked with the Centre for Economic Research and Reforms (CERR) to undertake research that can improve the quantitative analysis and modelling;
Adopted a sustainable impact assessment framework, to obtain a holistic approach to assessing risks and impacts;
Developed results from scenarios for product-specific trade flows, and wider economic impacts using state of the art modelling techniques, encompassing trade liberalisation in goods and services, including freedom of movement of capital and natural persons; and
Provided guidelines for Uzbekistan’s policymakers for trade policy modelling analysis and FTA negotiations.

Our Core Solutions

Monitoring, Evaluation, and Learning (MEL) processes are vital in ensuring the success and sustainability of projects. International Economics Consulting has developed considerable expertise and experience in the sector, working with a vast network of international donors and governments. We assist our clients in obtaining some of the key answers regarding the outcomes and finalisation of their projects, such as has the project met the expected outputs or was implementation carried out sustainably?