UZBEKISTAN'S PARTICIPATION IN REGIONAL INTEGRATION PROCESSES AND ITS IMPACT ON INTEGRATION INTO THE WORLD ECONOMY

Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement. Economic integration is sometimes referred to as regional integration as it often occurs among neighboring nations. Currently, there is much support from the government of Uzbekistan for regional integration