In this article, based on the SWOT analysis method, the UNESCO Global Convention «On the Recognition of Higher Education Qualifications» is scientifically researched. Opinions are expressed on the need for Uzbekistan to ratify this international convention, its strengths and weaknesses, opportunities, and possible threats. So far, the practices of countries that have ratified this Global Convention have been studied. In the transformation of higher education, scientifically and legally predicted the results to be achieved on the basis of accession to this Convention. The issues of reforming the national legislation and practice of Uzbekistan on the basis of the general direction, approach, and mechanisms in the field of recognition of cross-border education are also considered. It is noted that the right of individuals to a fair and transparent recognition of their higher education qualifications without any discrimination should be unconditionally guaranteed in all countries of the world. Based on this, the issues of Uzbekistan’s accession to this convention and the formation of the necessary organizational, legal, and institutional mechanisms are scientifically analyzed. At the end of the study, it was concluded that Uzbekistan should ratify the Global Convention as soon as possible, despite the risks that may arise. The need to ratify this Convention is scientifically substantiated by the increased integration of domestic universities with the world’s leading universities, increasing their place in international rankings, the entry of educational services to the foreign market, and, most importantly, ensuring the right of citizens to higher education.