Boosting the Internationalisation of Firms through better Export Promotion Policies in Uzbekistan

This Policy Insight assesses progress in the implementation of reforms since the 2017 OECD peer review of SME export promotion. It also takes stock of the disruptions brought by the COVID-19 pandemic to identify new challenges and priorities. The note suggests three sets of policy actions for the Uzbek government to boost the internationalisation of firms: (1) further development of consulting activities to improve firms’ knowledge of foreign markets; (2) expansion of the exportpromotion network abroad and the definition of a clear value proposition in target export markets; and (3) putting in place more systematic arrangements for monitoring and evaluation of export-promotion institutions’ activities. Diversification of export markets and commodities is a critical priority as Uzbekistan looks to recover from the COVID-19 crisis. The country has recently resumed WTO accession and strengthened trade ties with its regional partners and the EU, but its firms continue to face significant barriers to internationalisation. Export promotion policies for firms can support their internationalisation, contributing timely to the diversification and recovery of Uzbekistan’s economy.