Experts from the Center for Economic Research and Reform (CERR) presented preliminary results of the study on assessing the consequences of Uzbekistan’s possible accession to the EEU in the context of economic sectors.
Joining the Union will have the greatest impact on the cost of meat. Uzbek manufacturers of large and small ruminants (cattle or sheep) will have access to cheaper and high-quality feed from the EEU countries. Due to this, the cost of production can be significantly reduced, and the competitiveness of livestock industries will improve.
Export of fruits and vegetables
Against the background of lower transport costs, the export of domestic products will increase. The procedure for trade and transit of perishable products will be simplified.
The growth of imported railway transport may vary between 10-15%. At the same time, transport costs of senders and recipients of goods are expected to be reduced by $221.6 million due to the application of unified tariffs for transportation through Russia and Kazakhstan to other countries of the Union.
If Uzbekistan gets access to low-cost diesel fuel from Kazakhstan, the country’s fuel costs will be reduced by up to 20%. This will allow road carriers to save up to $20 million a year.