Review.uz/en - Economic Review
03.04.202509:35
🇺🇿🇪🇺New Economic Prospects to Open in Samarkand
1️⃣An analytical article by Obid Khakimov, Director of the CERR, has been published in the "Pravda Vostoka" newspaper and dedicated to the prospects for developing economic cooperation between Uzbekistan and the EU within the framework of the "Central Asia – European Union" Summit taking place in Samarkand on April 3–4 of this year.
🪧EU countries account for about 16% of Uzbekistan's total imports of machinery, equipment, and transport vehicles. In 2024, these items, including aircraft, electrical products, instruments, and medical equipment, made up about 50% of imports from the EU.
📊In 2024, the volume of foreign investment and loans from EU countries (including financial institutions of EU member states) increased by 77% and reached $4.1 billion.
📊The most active investors were:
🇩🇪 Germany – $1.37 bln.
🇳🇱 Netherlands – $1.05 bln.
🇨🇾 Cyprus – $858,9 mln.
🇨🇿 Czech – $137,8 mln.
🇮🇹 Italy – $99.8 mln.
🇸🇪 Sweden – $97.5 mln.
🔝The article includes the following sections:
🔘 On the Upcoming EU–Central Asia Summit
🔘 Trajectory of Uzbekistan–EU Cooperation
🔘 Prospects for the Development of Economic Cooperation
🔘 Conclusion
Obid Khakimov,
CERR director
"Pravda Vostoka" newspaper
April 3, 2025
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© Economic Review
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1️⃣An analytical article by Obid Khakimov, Director of the CERR, has been published in the "Pravda Vostoka" newspaper and dedicated to the prospects for developing economic cooperation between Uzbekistan and the EU within the framework of the "Central Asia – European Union" Summit taking place in Samarkand on April 3–4 of this year.
🪧EU countries account for about 16% of Uzbekistan's total imports of machinery, equipment, and transport vehicles. In 2024, these items, including aircraft, electrical products, instruments, and medical equipment, made up about 50% of imports from the EU.
📊In 2024, the volume of foreign investment and loans from EU countries (including financial institutions of EU member states) increased by 77% and reached $4.1 billion.
📊The most active investors were:
🇩🇪 Germany – $1.37 bln.
🇳🇱 Netherlands – $1.05 bln.
🇨🇾 Cyprus – $858,9 mln.
🇨🇿 Czech – $137,8 mln.
🇮🇹 Italy – $99.8 mln.
🇸🇪 Sweden – $97.5 mln.
"There is mutual interest in adopting mutually beneficial decisions, and this implies that the outcomes of the Summit will most favorably contribute to the development of economic cooperation between the countries of Europe and Central Asia, and in particular, Uzbekistan".
🔝The article includes the following sections:
🔘 On the Upcoming EU–Central Asia Summit
🔘 Trajectory of Uzbekistan–EU Cooperation
🔘 Prospects for the Development of Economic Cooperation
🔘 Conclusion
Obid Khakimov,
CERR director
"Pravda Vostoka" newspaper
April 3, 2025
Read full:
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© Economic Review
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02.04.202504:46
📊Traders Fear Global FX Market May Be Less Liquid Than It Appears
Bloomberg reports that currency heavyweights warn the fragmented, tech-driven modern market could be storing up trouble.
📉The global arena for foreign exchange appears on the surface to be a giant pool of cash in constant churn, generating $7.5 trillion of transactions per day — more than all other major asset classes combined.
📊But lately key names from the industry including the likes of Citigroup Inc., Deutsche Bank AG and XTX Markets Ltd. have begun to fret about just how deep the pool really is. They fear a proliferation of trading platforms and the widespread use of automation are creating the illusion of market depth.
📈A key worry with a liquidity mirage is that it makes it hard to judge risk. The distorted perception of market depth can lead investors to take on more than they realize, and when a selloff comes, the moves can be bigger and faster than anyone expected.
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⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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Bloomberg reports that currency heavyweights warn the fragmented, tech-driven modern market could be storing up trouble.
📉The global arena for foreign exchange appears on the surface to be a giant pool of cash in constant churn, generating $7.5 trillion of transactions per day — more than all other major asset classes combined.
📊But lately key names from the industry including the likes of Citigroup Inc., Deutsche Bank AG and XTX Markets Ltd. have begun to fret about just how deep the pool really is. They fear a proliferation of trading platforms and the widespread use of automation are creating the illusion of market depth.
📈A key worry with a liquidity mirage is that it makes it hard to judge risk. The distorted perception of market depth can lead investors to take on more than they realize, and when a selloff comes, the moves can be bigger and faster than anyone expected.
Read full:
⬇️⬇️⬇️
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© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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03.04.202505:28
🇺🇸What Is Trump Actually Trying to Do With Tariffs
[long read]
Bloomberg reports that US President Donald Trump has stepped up his campaign to reshape the global economy. Here’s what you need to know.
📝The US will apply a minimum 10% tariff on all imports as of April 5, and additional duties will be charged, as of April 9, on goods from the countries that have the largest trade surpluses with the US. The additional duties – dubbed reciprocal tariffs – have been customized for about 60 trading partners.
📊Their reciprocal rate is based on the Trump administration’s calculation of the burden on US exporters of each trading partner’s own tariffs and other non-tariff barriers to trade. The reciprocal tariff rates assigned to Cambodia and Vietnam are among the highest, at 49% and 46%, respectively. India is somewhere in the middle at 26%. The European Union was assigned a 20% rate. China’s rate is 34%, but added on top of that is the 20% rate imposed on all Chinese goods already in place.
📊The revenue brought in by tariffs could help pay for the tax cuts promised by Trump. He wants to extend reductions in income taxes that were approved in 2017 during his first presidency, many of which are due to expire at the end of 2025. He’s even put forward proposals to expand these tax breaks – for example, by exempting workers’ tips and social security earnings from taxation. He also aims to slash the corporate tax rate to 15%, from 21%. These tax measures are expected to lead to a loss in government revenue of $4.6 trillion over 10 years.
📈The tariffs Trump has laid out in his second term are far more substantial than those introduced during his first presidency. Bloomberg Economics estimated on April 2 that the tariffs Trump has announced so far could take the average effective tariff rate in the US to around 23%, from 2.3% in 2024. Bloomberg Economics estimates that the reciprocal tariffs alone could deliver a hit to GDP of 2.4% and a price boost of 1.4%.
Подробнее:
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© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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[long read]
Bloomberg reports that US President Donald Trump has stepped up his campaign to reshape the global economy. Here’s what you need to know.
📝The US will apply a minimum 10% tariff on all imports as of April 5, and additional duties will be charged, as of April 9, on goods from the countries that have the largest trade surpluses with the US. The additional duties – dubbed reciprocal tariffs – have been customized for about 60 trading partners.
📊Their reciprocal rate is based on the Trump administration’s calculation of the burden on US exporters of each trading partner’s own tariffs and other non-tariff barriers to trade. The reciprocal tariff rates assigned to Cambodia and Vietnam are among the highest, at 49% and 46%, respectively. India is somewhere in the middle at 26%. The European Union was assigned a 20% rate. China’s rate is 34%, but added on top of that is the 20% rate imposed on all Chinese goods already in place.
📊The revenue brought in by tariffs could help pay for the tax cuts promised by Trump. He wants to extend reductions in income taxes that were approved in 2017 during his first presidency, many of which are due to expire at the end of 2025. He’s even put forward proposals to expand these tax breaks – for example, by exempting workers’ tips and social security earnings from taxation. He also aims to slash the corporate tax rate to 15%, from 21%. These tax measures are expected to lead to a loss in government revenue of $4.6 trillion over 10 years.
📈The tariffs Trump has laid out in his second term are far more substantial than those introduced during his first presidency. Bloomberg Economics estimated on April 2 that the tariffs Trump has announced so far could take the average effective tariff rate in the US to around 23%, from 2.3% in 2024. Bloomberg Economics estimates that the reciprocal tariffs alone could deliver a hit to GDP of 2.4% and a price boost of 1.4%.
Подробнее:
⬇️⬇️⬇️
рус review.uz/em9
анг review.uz/en/em9
Больше аналитики
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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03.04.202504:31
🇺🇸How Do Tariffs Work? Who Pays, Who Collects and More
Bloomberg reports that US President Donald Trump has defied decades of economic convention by imposing punitive tariffs on goods from some of the country’s most important trading partners.
♾ How are US tariffs collected and enforced. Goods that cross borders are given numeric codes under a standardized nomenclature called the “international harmonized system.” Tariffs can be assigned to specific product codes relating to, for example, a truck chassis, or to broad categories, such as electric vehicles. Customs agencies collect tariffs on behalf of governments.
⬇️ How much money is generated by US tariffs. The Tax Foundation, a nonpartisan think tank, estimates that tariffs imposed on China by Trump during his first term and expanded during Joe Biden’s presidency generated $77 billion in annual revenue. White House Trade adviser Peter Navarro has said Trump’s tariffs will raise $700 billion a year, about nine times current US customs revenue.
👥 Who pays for the tariffs. Tariffs are paid by the importer, or an intermediary acting on the importer’s behalf. But it’s often someone else who ultimately shoulders the cost. Trump argues that it’s the exporter who takes the hit. Research has generally found that it’s US consumers and businesses that end up paying for tariffs, through higher prices. The importer may also absorb some of the cost, reducing their profits.
Read full:
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⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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Bloomberg reports that US President Donald Trump has defied decades of economic convention by imposing punitive tariffs on goods from some of the country’s most important trading partners.
♾ How are US tariffs collected and enforced. Goods that cross borders are given numeric codes under a standardized nomenclature called the “international harmonized system.” Tariffs can be assigned to specific product codes relating to, for example, a truck chassis, or to broad categories, such as electric vehicles. Customs agencies collect tariffs on behalf of governments.
⬇️ How much money is generated by US tariffs. The Tax Foundation, a nonpartisan think tank, estimates that tariffs imposed on China by Trump during his first term and expanded during Joe Biden’s presidency generated $77 billion in annual revenue. White House Trade adviser Peter Navarro has said Trump’s tariffs will raise $700 billion a year, about nine times current US customs revenue.
👥 Who pays for the tariffs. Tariffs are paid by the importer, or an intermediary acting on the importer’s behalf. But it’s often someone else who ultimately shoulders the cost. Trump argues that it’s the exporter who takes the hit. Research has generally found that it’s US consumers and businesses that end up paying for tariffs, through higher prices. The importer may also absorb some of the cost, reducing their profits.
Read full:
⬇️⬇️⬇️
en review.uz/en/x33
ru review.uz/x33
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⬇️⬇️⬇️
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© Иқтисодий шарҳ
© Economic Review
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02.04.202509:34
🇺🇿🇪🇺Infographic: Trade, Economic and Investment Cooperation Between Uzbekistan and EU Countries
1️⃣On April 3–4, 2025, the “Central Asia – European Union” Summit is taking place in Samarkand.
#CERR has prepared an infographic illustrating the dynamics of Uzbekistan’s foreign trade and investment cooperation with EU countries over the past 8 years.
📶 Uzbekistan’s trade turnover with EU countries from 2017 to 2024 increased 2.4 times from $2.6 billion to $6.4 billion.
🔝 Exports in 2024 increased by 26.9% (vs 2023)
🔝 Imports in 2024 remained unchanged
🔝 EU countries are among the main suppliers to Uzbekistan of “machinery, equipment and transport vehicles,” chemical and other industrial products necessary for development.
📊 About 1000 enterprises with capital from EU countries operate in Uzbekistan.
🪧 For the period 2017–2024, the total volume of attracted direct investments and loans from EU countries (including from EU financial institutions) amounted to $12.4 billion.
Read full:
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⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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1️⃣On April 3–4, 2025, the “Central Asia – European Union” Summit is taking place in Samarkand.
#CERR has prepared an infographic illustrating the dynamics of Uzbekistan’s foreign trade and investment cooperation with EU countries over the past 8 years.
📶 Uzbekistan’s trade turnover with EU countries from 2017 to 2024 increased 2.4 times from $2.6 billion to $6.4 billion.
🔝 Exports in 2024 increased by 26.9% (vs 2023)
🔝 Imports in 2024 remained unchanged
🔝 EU countries are among the main suppliers to Uzbekistan of “machinery, equipment and transport vehicles,” chemical and other industrial products necessary for development.
📊 About 1000 enterprises with capital from EU countries operate in Uzbekistan.
🪧 For the period 2017–2024, the total volume of attracted direct investments and loans from EU countries (including from EU financial institutions) amounted to $12.4 billion.
Read full:
⬇️⬇️⬇️
en review.uz/en/l70
uz review.uz/oz/l70
ru review.uz/l70
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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