Uzbek textile industry has potential to become decisive hub between East, West

Uzbek textile industry has potential to become decisive hub between East, West

BAKU, Azerbaijan, Sept. 19

By Fakhri Vakilov – Trend:

Given the central geographical location of the country, Uzbekistan has the potential to become a decisive hub between East and West, Chief Executive Officer of German Gesamtmasche Silvia Jungbauer told Trend.

Gesamtmasche represents the interests of German manufacturers of knitted clothing, lingerie and knitted fabrics on a national and international level.

Jungbauer noted that the country has close ties to prominent textile locations like China and Turkey, and there are traditional connections to Russia and Europe – trade-wise as well as in terms of transport routes.

"Our Confederation has been maintaining good contacts with our association colleagues in Tashkent for several years," she said.

Today, the interest of German companies in Uzbekistan is steadily growing.

"We hope that the intensive efforts of the associations and the political support provided by the Uzbek and German sides will soon lead to close links between our industries. For the German textile and clothing industry, Uzbekistan is slowly, but increasingly coming into the focus of sourcing interest," Jungbauer stated.

Within the past 10 years, textile sector has seen dramatic shifts in worldwide economic power and international trade flows. The COVID-19 crisis has, also in this respect, further sped up developments, and it made these new patterns clearly visible.

Since one year or even more, textile industry face soaring freight rates, losses in reliability of delivery in international sourcing, and at the same time enormous boosts in textile raw material prices.

"This underlines that the industry must re-examine its supply chains for efficiency and risks. This being said, this is a good opportunity for Uzbekistan to present itself as a new sourcing location," she noted.

A further aspect that is currently shaping sourcing strategies in Germany and Europe is transparency and due diligence in supply chains.

"The GSP+ (Generalised Scheme of Preferences) status therefore comes at exactly the right time for Uzbekistan. It is not only an important tariff advantage. It is an important signal that production in Uzbekistan is carried out in compliance with international social and environmental standards," Jungbauer stated.

She also added that the EU Commission is thus confirming, as does the ILO, that Uzbekistan’s value chain, from the cotton field to the finished product, is working in line with international conventions.

"Today, we find state-of-the-art and diverse textile value chains," she stated.

Moreover, Chief Executive Officer added that on September 30, Gesamtmasche will hold an online conference on Uzbekistan’s textile industry, presenting important facts and figures about the sector as well as practical information concerning trading conditions.

"Ambassador of Uzbekistan to Germany Nabijon Kasimov, has the kindness to open the event together with Gesamtmasche’s President, Mrs. Martina Bandte. Uztekstilprom’s Chairman Ilkhom Khaidarov, will enrich the event with a sector presentation," she said.

The conference will be followed by further steps to enhance cooperation like business delegations, cooperation events and an intensive dialogue about education and training, covering the entire value chain.

Germany is still highly contested textiles and clothing market, and one of the largest and most attractive sales markets in the world. Crucial aspects are quality, price competitiveness, CSR (Corporate Social Responsibility) compliance and manageable, reliable lead times.

Lastly, she added that Uzbekistan could score with its vertically integrated chain, modern production facilities, complying with international standards and the conditions for logistics. Moreover, zero duties in the framework of the EU’s GSP+ can be a decisive cost advantage.

---

Follow author on Twitter:@vakilovfaxri

Subscribe to Trend in Google News! Subscribe
Uzbekistan Railways modernizing railway carriages to increase passenger traffic
Uzbekistan Railways modernizing railway carriages to increase passenger traffic
OPEC ready to strengthen co-op with Turkmenistan
OPEC ready to strengthen co-op with Turkmenistan
Kazakh Energy Ministry working on building nuclear power plant
Kazakh Energy Ministry working on building nuclear power plant
Loading Bars
Latest
India, Kyrgyzstan hold first strategic dialogue, discuss Afghanistan
Uzbekistan Railways modernizing railway carriages to increase passenger traffic
Japanese TEPCO plans to continue investment in Georgia's energy sector
Iran’s Bahar Azadi gold coin price rebounds
Iran`s TEDPIX on the rise after week of decline
Teva Pharm Q3 profit misses estimates, to sell $4 bln in bonds
OPEC ready to strengthen co-op with Turkmenistan
Kazakh Energy Ministry working on building nuclear power plant
Uzbek Ministry of Finance to cancel fees for purchase of used cars in 2022
Indian Railways changes policy, PSUs to now compete in open market for tenders
Turkey's leather exports to Iran up in value for 9M2021
Azerbaijan confirms 2,300 more COVID-19 cases, 1,248 recoveries
Azerbaijan shares data on number of vaccinated citizens
Georgia and Spain eye to launch direct flights between capitals
Azerbaijan, WB ink new loan agreement
Iron ore concentrate production by giant Iranian companies up
Turkmenistan starts experimental growth of papaya in Mary region
IMF revising India's growth forecast is 'gross under estimation': N K Singh
Turkish KOSGEB talks interest in implementing projects in Azerbaijan's Karabakh
Decarbonization of economy to transform Kazakhstan’s fuel and energy complex – minister
Kazakhstan's trade indicators with EAEU member states for 8M2021 unveiled
Kazakhstan records decrease in renewable energy tariffs
Bank Keshavarzi Iran provides loans for construction of greenhouses
State Grain Fund of Azerbaijan transferred to jurisdiction of State Reserves Agency
UNHCR Representative in Azerbaijan pays visit to Aghdam (PHOTO)
Azerbaijani President Ilham Aliyev congratulates President of Czech Republic
Iran resumes rice imports
Israel government foreign currency bonds to trade on Tel Aviv bourse
Putin, Finnish president to discuss bilateral cooperation, global issues — Kremlin
Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers
Turkmenistan and Iran to expand trade ties
Equinor slightly reduces equity production of liquids and gas
Nar upgrades another sale and service center (PHOTO)
Achieving carbon neutrality in Kazakhstan requires big investments - minister
Amount of loans issued by Bank Keshavarzi Iran increasing
Azerbaijan’s liberated lands to soon become example of modern production for entire region – Erdogan
Iran reveals COVID-19 data for October 27
Equinor expects 2% increase in 2021 liquids and gas production
Iran, Uzbekistan seek to boost ties both regionally and internationally
Iran`s Raisi reaffirms will to boost ties with Turkmenistan
AIIB helps strengthen healthcare infrastructure in India
Turkmenistan, Iran discuss issues on boosting transport communication
Turkmenistan, Iran interested in intensifying contacts in regional, int’l structures
Kazakhstan, Kyrgyzstan consider resumption of passenger rail transport
Amount of addressed state social benefits proposed to raise in Azerbaijan
Iran determined to pay off gas debt to Turkmenistan – Iranian minister
2nd ICD – CIBAFI Webinar Discussed the Emergence of Cryptocurrencies and its Potential for the Growth of Islamic Finance Industry
Georgia, Poland to co-op in railway sector under EU-funded project
Kazakh gold extracting venture opens tender to buy spares
Equinor’s non-current assets drop in Azerbaijan
Saudi Arabia licenses 44 companies to open regional headquarters in Riyadh
Central Bank of Iran unveils details of oil exports
Reps of Turkish National Defense University visit Azerbaijani military educational institutions (PHOTO)
Azerbaijan may increase need criterion next year
India among top 10 in the world for cliate technology investments: report
Turkmenistan launches production of filament lamps
Azerbaijan to increase budget financing of healthсare sector in 2022
Turkmenbashi complex of oil refineries open tender for construction of hydrogen production unit
Equinor reduces liquids output from Azeri-Chirag-Gunashli
Activity of most filling stations in Iran resumed
Turkmenistan increases imports of Turkish leather goods
Turkey discloses cargo traffic via local ports from US in 9M2021
Iran shares data on electricity generation of Manjil Wind Power Plant
Turkey-Azerbaijan trade turnover for 9M2021 revealed
SOCAR announces planned works at Baku Oil Refinery
Kazakhstan slightly increases raw sulfur production volumes
BSTDB reveals portfolio of signed operations in Azerbaijan (Exclusive)
Turkey announces growth in foreign trade turnover
Georgian bureaucratic expenditures need to be cut - IDFI
Saudi Energy Minister says carbon offsets can help with emissions goal
Azerbaijan plans to increase living wage
Businessmen in Karabakh to be exempt from certain taxes, fees - ministry (PHOTO)
TAP deploying new solutions to ensure efficient and secure operations
Azerbaijan's state budget spending on science to grow in 2022
TAP consortium to open tenders in digitalization area
Iran’s NIDC discloses number of oil-gas wells drilled in country
Azerbaijani ministry talks strategic importance of rivers in liberated territories
Azerbaijani FM tweets about anniversary of Armenia's missile attack on Barda (PHOTO)
Ruins of house destroyed by Armenian missile strike on Azerbaijan's Tartar during Second Karabakh War to be museum (PHOTO/VIDEO)
Indian military cannot operate effectively without Russian supplied equipment: CRS report
Azerbaijani, foreign businessmen look to take role in restoration of industry in Karabakh
Azerbaijan to increase judicial, law enforcement spending in 2022
Iran sees decrease in exports to Afghanistan
“Sustaining Peace in the Region: Rebuilding Karabakh” conference held in Baku State University (PHOTO)
Turkey ready to invest in restoration of Azerbaijan's Karabakh
Georgia releases data on COVID-19 cases for October 27
Iran's exports via Isfahan Province soar
Azerbaijan plans to increase subsidies for Nakhchivan in 2022
World Ethnosport Confederation talks rapid restoration of Azerbaijan's Karabakh
Azerbaijan to raise expenditures on education in 2022
SOFAZ to increase transfers to Azerbaijani state budget in 2022
Iranian currency rates for October 27
Azerbaijan talks funds planned for reconstruction of liberated territories in 2022
Azerbaijan unveils planned expenditures on defense and security in 2022
Indo-Pacific regional dialogue starts today with focus on maritime strategy
Roll-out of Russian Rostselmash combine assembly plant in Azerbaijan postponed due to COVID-19
Restoration work in Azerbaijan's liberated lands will only accelerate - economy minister
Azerbaijan state budget revenues forecast for 2022 unveiled
Turkey shares cargo traffic data for its Gemlik port in 9M2021
Turkmenistan launches production of import-substituting pasteurized products
All news