MINSK, 11 May (BelTA) – The Senate of Uzbekistan has approved the country's application to join the Eurasian Economic Union (EAEU) in the capacity of an observer state. A corresponding resolution was passed on 11 May, the Uzbekistan National News Agency informs.
Cooperation with the Eurasian Economic Union was discussed at the fourth plenary session of the Senate (upper chamber) of the Oliy Majlis (parliament) of the Republic of Uzbekistan. According to advocates of closer ties with the EAEU, Uzbekistan's cooperation with this organization will help boost foreign trade, implement major investment projects in the country, expand regional contacts with a view to establishing regional clusters, industrial and trade areas. At the same time, Uzbekistan will be able to export agricultural produce to the EAEU member states without customs clearance.
Another important aspect is that cooperation with the Eurasian Economic Union is expected to give a boost to such industries as transportation, communications and cargo transit. In addition to that, the EAEU offers Uzbekistan's nationals great employment opportunities in the member states.
