ANALYZING UZBEKISTAN'S EU EXPORT TRENDS THROUGH THE GENERALIZED SYSTEM OF PREFERENCES PLUS (GSP+) SCHEME.

Since 2021, the EU’s GSP+ scheme has functioned as the cornerstone of Uzbekistan’s strategy to shift fromhistorical dependence on Russia and Chinese markets. This paper investigates the efficacy of this trade regime, questioningwhether preferential access has successfully inspired industrial growth or merely highlighted structural inefficiencies. Also,the paper models “No-GSP+” scenario. It argues that the expiration or withdrawal of these preferences would have a hugeimpact on sectors like textiles, chemicals and pharmaceuticals, metal products. The findings suggest that GSP+ is morethan a trade preference scheme, it acts as an important support helping Uzbekistan maintain economic independence