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Uzbekistan reaches agreement on supply of textile products to S. Korea

Business Materials 22 November 2017 17:23 (UTC +04:00)
Uzbekistan intends to supply textile products worth $70 million to South Korea till late 2018, the Uzbek media reported.

Tashkent, Uzbekistan, Nov. 22

By Diana Aliyeva – Trend:

Uzbekistan intends to supply textile products worth $70 million to South Korea till late 2018, the Uzbek media reported.

Reportedly, a delegation of Uzbekistan’s O'zbekyengilsanoat joint stock company held talks with the heads of big Korean trading companies, namely, Posco Daewoo, Solsang International Corp, Ratel E & T Co., Ltd., Korea Factory, Lotte Mart retail network and reached an agreement.

The contracts envisage the supply of dyed and melange yarn, as well as terry and hosiery products of the Uztex Group, Osborne Textile Ltd.

Moreover, the heads of the Korea International Trade Association (KITA) and Korea Trade Network Co. Ltd. (KTNET) reached an agreement on the promotion of Uzbek textile products in South Korea through KTNET in 2017-2018. The possibility of rendering e-customs clearance services was also considered.

Since early 2017, various textile semi-finished and other products worth $23.4 million have been exported to the Korean market.

O'zbekyengilsanoat company consists of more than 300 textile, sewing and knitting factories, including joint ventures.

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