IMPROVEMENT OF INVESTMENT DISPUTE RESOLUTION MECHANISMS IN THE CONTEXT OF UZBEKISTAN’S ACCESSION TO THE WTO: THE ROLE OF INTERNATIONAL ARBITRATION AND MEDIATION

Abstract

The process of the Republic of Uzbekistan’s accession to the World Trade Organization (WTO), initiated in 1994 and significantly accelerated after 2016 within the framework of large-scale economic reforms, requires the harmonization of national legislation with international investor protection standards, including the modernization of investment dispute resolution mechanisms.

References

1. The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan (MIIT). A level of trust and investment capital. https://gov.uz/en/miit/news/view/116876
2. International Investment Agreements Navigator. https://investmentpolicy.unctad.org/international-investment-agreements/countries/226/uzbekistan?type=bits
3. Status: Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958) (the "New York Convention") https://uncitral.un.org/en/texts/arbitration/conventions/foreign_arbitral_awards/status2.