Economic impact analysis of free trade agreements on Uzbekistan

Abstract

The main purpose of this paper to examine the effects of free trade to economy between Uzbekistan and its trade partners. For analysing this will use gravity model with Russia which has free trade agreements and South Korea which has not free trade agreements over the period 30 years from 1991 to 2020 was conducted.The regression results show the gdp and exchange rate has positive influence on bilateral trade volume.Human development has also positive effect on bilateral trade, In this study we will anlayze how Uzbekistan take a benefit from free trade and what is the drawbacks of its .