Uzbekistan, Hungary may create joint venture for textiles export to EU
By Kamila Aliyeva
Uzbekistan offered Hungary to create joint ventures on the territory of the two countries for the production of finished textile products and their export to the market of the European Union.
This issue was raised in the framework of the past negotiations of the association's leadership with the Ambassador of Hungary to Uzbekistan, Peter Santo, according to the press service of Uztekstilprom.
This meeting was held on the initiative of the Hungarian side. The sides discussed issues of further expansion of cooperation in the textile and sewing and knitting industry by supplying the products of Uzbek producers to the Hungarian market.
The Uzbek Association also invited foreign partners to establish cooperation in attracting specialists and scientists to the joint development of innovative activities in the industry.
The expansion of trade and economic cooperation is another area of interest of both sides. The meeting addressed the unused potential in this area. So, last year, the export of Uzbek textiles to Hungary amounted to only $33,800 although this figure could be much higher.
In this regard, the parties have decided to strengthen cooperation ties and actively participate in international exhibitions and fairs held on the territory of both states.
The Ambassador expressed readiness to consider the proposal on the organization of the visit of the business delegation of Hungarian entrepreneurs to Uzbekistan in September 2018.
In addition, foreign partners will consider the possibility of organizing a national stand of Hungary at the forthcoming exhibition CAITME 2018 and Textile Expo Uzbekistan, which will be held in autumn in Tashkent.
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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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