THE IMPACT OF CUSTOMS REGULATION ON THE INTERNATIONAL TRADE AND ATTRACTIVENESS OF INFRASTRUCTURE PROJECTS FOR INTERNATIONAL COMMERCIAL BANKS

Abstract

the attractiveness of infrastructure projects for international commercial banks largely depends on the stability, predictability, and transparency of the regulatory environment governing cross-border economic activity. Among these regulatory factors, customs regulation plays a particularly important role, as it directly affects the cost, duration, and risk profile of infrastructure projects that rely on imported machinery, construction materials, and advanced technologies. Efficient customs procedures contribute to reduced logistics costs, timely project implementation, and lower operational risks, thereby enhancing project bankability and increasing the likelihood of international financing. Conversely, excessive bureaucracy, regulatory ambiguity, weak institutional coordination, and insufficient digitalization in customs administration may discourage foreign financial institutions and raise the cost of capital.

The impact of customs regulation on the attractiveness of infrastructure projects for international commercial banks, combining theoretical analysis with an empirical and institutional assessment of Uzbekistan’s customs system will be carefully analyzed. The study explores how customs performance indicators influence bank risk assessment and financing decisions, evaluates recent customs reforms in Uzbekistan, and identifies remaining structural challenges. Based on international best practices and the specific conditions of Uzbekistan, the article proposes policy recommendations aimed at strengthening customs governance and improving the investment climate for infrastructure financing.