Directions of Trade Relations of Uzbekistan with the Countries of Central Asia

Research develops recommendations on prospective directions of mutual cooperation, determining the impact of trade turnover with Central Asian countries and Uzbekistan. The authors analyzed 2000–2021 foreign trade turnover using regression correlation, in which the influence of the trade turnover of Uzbekistan with each Central Asian country on the country’s foreign trade turnover was studied. The analysis results show that the development of foreign trade relations of Uzbekistan with Kazakhstan, Kyrgyzstan, and Turkmenistan is promising. The biggest problem in increasing foreign trade turnover of Uzbekistan is not that the country is not a WTO member but the need to modernize production. For this reason, there is a need for an economic–mathematical analysis of the modernization of the branches of the chemical industry and the attraction of foreign investments in this direction.