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Chinese investments in Uzbek textile sector on the rise

A meeting of the leaders of the Uztekstilprom Association with Chinese Ambassador to Uzbekistan Jiang Yak noted Chinese investments into Uzbekistan’s textile industry has been on the rise increase. Investments now exceed $ 200 million.

They discussed issues of development of cooperation between Uzbek and Chinese textile associations, large textile companies, expansion of investment activities of Chinese companies in Uzbekistan, increase in trade turnover between the countries, in particular, consideration of the issue of optimization of rates of customs duties on the import of Uzbek textiles to China were discussed. Particular emphasis was placed on the development of the Chinese government's technical assistance program aimed at training and upgrading skills of young specialists for the textile, clothing and knitting industries.

Also, the Chinese side invited representatives of the textile industry of Uzbekistan to participate in the upcoming International Exhibition “Expo China 2018” to be held in November. In its turn, the Association invited Chinese companies to take part in the International Exhibition of Textile and Fashion Industry “UzTextile Expo 2018” and the international conference “Uzbekistan Textile Conference,” which will be held in Tashkent from September 4-7, 2018.

 

 
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