NEWS AND EVENTS
June 12, 2017
Textile Protocol between Uzbekistan and EU entered into force
In December 2016 the European Parliament passed by an overwhelming majority the legislative resolution providing for the ratification of the Protocol on Amendments to the Agreement on Partnership and Cooperation between Uzbekistan and the EU, signed by the parties on April 7, 2011, as a result of the abolition of the double licensing system for bilateral textile trade (Textile Protocol).
In March 2017 after the positive conclusion of the analysis of this document done by Trade Policy Committee of the Council of EU and Committee of the Permanent Representatives of the Governments of the Member States to the EU, the Foreign Affairs Council made the final decision on the approval of the Textile Protocol. Later the General Secretariat of the Council of the EU officially notified the Uzbekistan on completion by the European side of all the internal procedures necessary for the Textile Protocol to enter into force.
Following the notification by the EU, the Legislative Chamber of the Oliy Majlis (Parliament of Uzbekistan) adopted the Law of the Republic of Uzbekistan on ratification of the Textile Protocol. In April the document was approved by the Senate of the Oliy Majlis.
On June 1, 2017 the President of the Republic of Uzbekistan Shavkat Mirziyoyev signed the Law on ratification of the Textile Protocol which confirms a full completion by the Uzbek side of all internal procedures required to enter the document into force.
The approval of this document by the European side will positively affect the trade relations between the EU and Uzbekistan. The approval, in particular, meets the interests of European countries, as trade relations in this sphere are expanding. EU Trade Commissioner Cecilia Malmström underlined that the Commission of the EU will continue to assist Uzbekistan in the implementation of diversification agriculture sphere.
The Textile Protocol will increase bilateral trade in textile products by introduction on a mutual basis the status of the “most favored nation” concerning transit, warehouses, customs duties, payments, taxes and other internal fees applied to the Uzbek textile products imported by the EU. Moreover, the Protocol will remove all the quantitative restrictions on trade in textile goods between Uzbekistan and the EU.