Economic Analysis: Theory and Practice

Foreign trade of foreign-invested enterprises in Uzbekistan: Transformation-related issues

Vol. 17, Iss. 3, MARCH 2018

Received: 28 November 2017

Received in revised form: 12 December 2017

Accepted: 12 February 2018

Available online: 27 March 2018


JEL Classification: F14, L53, O24

Pages: 515–538

Azam S.E. Institute of Forecasting and Macroeconomic Research, Tashkent, Republic of Uzbekistan

ORCID id: not available

Importance The article reveals the problems and methods for further transformation of foreign trade activities of foreign-invested enterprises being important drivers of modern technologies and production experience, and accelerators of foreign trade in the Republic of Uzbekistan.
Objectives The study aims to analyze the development trends and problems related to foreign trade activities of the said enterprises, and elaborate certain measures and recommendations on applying industrial policy instruments to maximize positive effect of these enterprises in the economy of Uzbekistan.
Methods The study draws on statistical and comparative analysis. It includes a review and systems analysis of works by foreign scientists on foreign direct investment promotion and export-oriented economy.
Results The analysis shows country-, region-, and sector-specific trends and specifics of foreign trade development of foreign-invested enterprises. It defines options for facilitating their export activities, increasing the share of non-primary goods in their export structure, and maximizing external benefits of their presence in the economy of the Republic.
Conclusions Foreign-invested enterprises mainly focus on domestic market, however, if they are export-oriented, it will be more beneficial for the economy. Further improvement of industrial policy instruments in this area is therefore required.

Keywords: foreign-invested enterprise, external trade, imports, exports, industrialization


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