Uzbekistan, Tashkent, Oct.16 /Trend D.Azizov/
Over 1,000 representatives of cotton and textile industry firms and companies from 40 countries are participating in the IX International Uzbek Cotton and Textile Fair, which kicked off in Tashkent on Wednesday.
Fibre samples of this year's Uzbek cotton harvest and new textile products have been put up for sale in the exhibition halls of capital's Uzexpocenter.
During the fair, participants will be able to conclude a contract for the selected batch of products and discuss the transportation routes. Given the importance of further development of the national textile industry, cotton forum participants will be able to get acquainted with the investment potential of the country's regions and projects in the textile industry.
The Fair's program provides for a conference, which will discuss the current problems and prospects of the development of world cotton market.
In particular, the conference participants, including leading international experts in the field of world cotton and textile industry, will discuss such issues as demand and offer, prices and factors of influence on the world cotton market, conditions and prospects of production and marketing of cotton in Uzbekistan.
It was previously reported that, the Cotton and Textile Fair has been held in Uzbekistan annually since 2005. It is organized by the Uzbek government with the assistance of the International Cotton Advisory Committee (ICAC). In total, during the fairs Uzbekistan has concluded contracts for exports in the amount of 5.2 million tons of cotton-fibre.
During the VIII Cotton and Textile Fair, which was held in 2012, contracts were concluded for the purchase of over 670,000 tons of Uzbek cotton fiber, the volume of the concluded contracts increased by 11.7 per cent in comparison with the previous year.
The contracts for the purchase of export production of Uzbekistan's textile enterprises were concluded at a sum exceeding $600 million (an increase of 9.1 per cent).