FACTORS INFLUENCING THE DEVELOPMENT OF FOREIGN ECONOMIC ACTIVITY IN THE TEXTILE INDUSTRY OF UZBEKISTAN

Abstract

Most Uzbek entrepreneurs do not engage directly in foreign economic activity and therefore do not encounter the barriers associated with it. However, based on the results of surveys conducted among managers of enterprises producing export-oriented, high-technology products, it can be concluded that the main obstacles to the development of foreign economic activity are poorly established relationships and high customs duties. In particular, excessive customs procedures (64.5%), high transportation costs in the provision of export–import services (61.3%), and a high level of informal practices during customs clearance of goods (51.6%) are identified as major barriers.