The Influence of the Trade Relationship between China and Uzbekistan under One Belt and One Road
Iskandarov Eshpulat, School of Management Studies, Yangtze University, Jingzhou City, China.
Manuscript received on May 17, 2019. | Revised Manuscript received on June 01, 2019. | Manuscript published on June 15, 2019. | PP: 1-6 | Volume-3 Issue-10, June 2019. | Retrieval Number: I0264043919/19©BEIESP
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: One Belt One Road (OBOR) initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. The main purpose of this study is to examine the influence of the trade relationship between China and Uzbekistan under one belt and one road. This topic offers a brief evaluation of how dynamism of China-Uzbekistan bilateral relationship may be transformed to synergy necessary for the success of the one belt one road initiative. This study used questionnaire and literature review as the main instrument for collecting primary data. Questionnaire was used because it is convenient method of collecting large amount of data. Also, secondary data that are particularly journal articles, conference proceedings, various documents of government, books, newspaper articles, magazine articles, and various websites of internet have been extensively used to determine the objectives. This study also analyses influences, opportunities, risks and challenges and how to promote trade between China and Uzbekistan associated to OBOR initiative implementation. It suggests that strong coordination among partners of OBOR is necessary to get full fruits of OBOR through supportive law, policy, rules and regulations, proper strategy implementation, transparent procurement system, sincere consideration on political, financial, environmental and social factors. The study will assess influence of the trade relationship between China and Uzbekistan under one belt and one road. China has entered a new stage of its development. The one belt and one road have a fundamental goal of creating transport system which will facilitate access to foreign market and also increase the turnover of goods transported from China to Europe and other countries in Central Asia. This study argues that partner countries and agencies will get economic and political benefits from these initiatives. It facilitates to connect people through road ways, air ways and water ways, coordinating policies of various governments, financial integration through cross border business, productivity and regional energy security. A study of this nature is very important because the researcher believe that it will serve as a starting point to improve and highlight the need for trade relationship between the two countries. This will also help various policy bodies within the two countries to identify the benefit promoting the one belt and one road initiatives. The finding of this study will contribute to knowledge which will be very beneficial to stakeholders. It will also serve as a reference point for research who will be undertaking a research on the same study or related study.
Keywords: One Belt One Road, China and Uzbekistan relationships, Investment, Trade.