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CERR conducts a study to assess the impact of Uzbekistan’s accession to the WTO and EAEU

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CERR conducts a study to assess the impact of Uzbekistan's accession to the WTO and EAEU

The Center for Economic Research and Reforms (CERR) under the Administration of the President of the Republic of Uzbekistan hosted a workshop on “Applied general equilibrium models and assessing the impact of Uzbekistan’s accession to the WTO and EAEU”.

The workshop was organized with participation of the Academic Director of the Institute for Economic Research and Policy Consulting (IER) of Ukraine and part-time expert of Berlin Economics consulting company and member of the German Economic Team Uzbekistan (GET Uzbekistan), member of the editorial board of VoxUkraine Veronika Movchan.

At the workshop, Veronika Movchan presented to the CERR experts the preliminary results of the general equilibrium model built in conditions of Uzbekistan to assess the impact of the country’s accession to the EAEU on economic sectors.

In addition to discussing the features of the general equilibrium model and the possibility of applying it to assess the impact of external shocks on the economy, the workshop participants shared their deep knowledge about the trends of the Eurasian integration. Views were exchanged to extract useful experience both from a research and from a practical point of view.

In turn, CERR experts presented their assessments based on alternative models for assessing the consequences of Uzbekistan’s accession to the EAEU.

Proposals were made to expand and supplement the model for Uzbekistan by sectors of the economy.

Following the workshop, an agreement was reached on establishing further close cooperation between the parties.

UZA