Uzbekistan's Accession to The World Trade Organization and Its Impact on The Tax System

Abstract

The Entry of Uzbekistan to the WTO and the Formation of New National Taxation System: Aspects of Research A brief introduction that describes what the plan will focus on with the intention to diversify the economy, boost exports and become more integrated into global markets. The lack of awareness is about how the transition economies adjust indirect taxes, duties and tariffs to the World Trade Organisation rules. The methodology uses unique qualitative data across national laws, tax policy and trade agreements The findings suggest that countries are able to use embarrassing access to the world trade organisation to drive the national economy down towards lower level tariffs, equalised domestic and import based excises, abolish the export subsidy and enhance harmonization in value added tax The results are less ambiguities, a more stable and predictable trading environment, and domestic producers will be more competitive. Provided such reforms require much adaptation, but guarantee long-lasting export driving forces and a contribution to embedding Uzbekistan in global economic processes with both further enhancing its competitive position in international markets.