Uzbekistan increases its presence in Chinese market
By Abdul Kerimkhanov
Today, the textile industry of Uzbekistan is part of the intangible cultural heritage, which has preserved the traditions of ancestors in the production of textile products - the manufacture of fabrics, clothing, carpet weaving.
Uzbekistan attaches priority importance to further strengthening the strategic partnership with China. Expanding cooperation between the two countries in all areas is based on the principles of mutual benefit, consideration of interests and equality.
The delegation of the Association "Uztextileprom" and domestic manufacturers of the textile, garment and knitwear industry take part in the International Exhibition of Textile Fiber, Yarn Expo Spring 2019 in Shanghai (China), the press service of the Association Uztextileprom reports.
The Uzbek delegation visited an exhibition in order to expand export deliveries to the countries of Southeast Asia, as well as to establish direct contacts with potential consumers and to conclude export contracts with them, on March 12-14.
Yarn Expo is an important sourcing platform where suppliers from Asian and European countries showcase their latest collections of fiber and yarn, including natural (cotton, wool, silk, linen, ramie), artificial, blended, reconstituted, as well as speciality products.
For foreign suppliers, it is an opportunity to strengthen trade relations in the region and increase its presence in the Chinese market.
Such companies as Textile Technologies Group Surxon Teks and Global Textile Solutions, as well as a number of domestic companies in the industry, took part in the exhibition.
During the exhibition, meetings and negotiations with potential investors were organized and the parties discussed issues of further expanding cooperation in the textile and garment and knitwear industry.
In parallel with Yarn Expo Spring 2019, four more exhibitions will take place: the leading exhibition of apparel fabrics and accessories Intertextile Shanghai Apparel Fabrics," the exhibition of home textiles InterTextile Shanghai Home Textiles," the exhibition of knitted clothing and knitwear PH Value" and the fashion exhibition CHIC, in which delegation of the Association Uztextileprom will participate.
These exhibitions are an ideal opportunity to gain access to the leading suppliers of textile raw materials in China. They help to strengthen the trade relations of domestic manufacturers of the textile and garment and knitwear industry in the region and increase their presence in the Chinese market.
Diplomatic relations between Uzbekistan and China were established on January 2, 1992.
The trade turnover between the two countries totalled $ 6.43 billion in 2018. Of this amount, $ 2.869 billion is Uzbek exports, as many as $ 3.559 billion is imports.
China received $ 2.1 billion due to an increase in construction in Uzbekistan. With this money, Uzbekistan has acquired special construction equipment from China.
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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94
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