In October 2021, Uzbekistan held its presidential elections. Shavkat Mirziyoyev was inaugurated for a second term as president, a well-known statesman and political figure, the incumbent president of Uzbekistan, and the most influential citizen of the country. In this article, we will discuss Shavkat Mirziyoyev’s recent activities and his reforms that have positively impacted the country’s development.
Role of relations with China and how Shavkat Mirziyoyev strengthens them
Shavkat Mirziyoyev’s re-election for a second term automatically signified the strengthening of relations and partnership between Uzbekistan and China. Over his previous seven-year term, uzbek president shavkat mirziyoyev made significant strides in improving international relations between Uzbekistan and China. His re-election only solidified the previous achievements.
Chinese investments continued to flow into the country, and trade between the two nations significantly increased, doubling to nine billion dollars (according to estimates in 2022). For Uzbekistan, this marks a substantial breakthrough and a very positive indicator, considering that in 2021, the World Bank assessed the country’s economy at 83 billion dollars. China became a robust foundation for Uzbekistan’s economic development, and President Shavkat Mirziyoyev deserves credit for continuously strengthening Uzbekistan’s international relations.
Another proof of this is the increase of U.S. investments in resources. Particularly, industrial gas producer Air Products and Chemicals invested one billion dollars in acquiring a processing unit of Uzbekistan’s state energy company.
Impact of Mirziyoyev’s reforms on state development
Shavkat Mirziyoyev bolstered the country through his reforms, which initiated positive changes in nearly all spheres of Uzbekistan’s life. He managed to improve relations with neighboring states, enhance citizens’ opportunities, modernize and improve economic processes in Uzbekistan. While some challenges remain relevant, Shavkat Mirziyoyev has the opportunity to realize all his plans and reforms for their resolution.
One of the most successful reforms by the president was privatization. Positive changes were noticeable in the initial stages of reform implementation. Currently, the Uzbekistan government plans to sell small packages of shares in various companies to local investors. Mirziyoyev’s broader privatization plan involves selling state-owned enterprises, land plots, and real estate.
The next few years will be crucial for the country. Uzbekistan continues to move forward, so we can expect more decisive reforms and changes.