Tashkent, Uzbekistan, Oct. 17
By Demir Azizov- Trend:
Uzbekistan concluded contracts for export of 700,000 tons of cotton fiber and finished textile products worth more than $800 million during the XI International Cotton Fair held in Tashkent October 15-16, the minister of foreign economic relations, investments and trade of Uzbekistan Elyor Ganiev said at the closing ceremony of the fair.
"This forum has once again demonstrated its special role and relevance for the global cotton and textile community," said the minister. "These two days have been very busy, the participants exchanged views on topical issues concerning the present and future of the cotton industry, reached a number of agreements on the development of partnership relations."
Contracts for the purchase of cotton fiber were concluded with companies from Bangladesh, China, Turkey, Singapore, Malaysia, Indonesia, Vietnam, Poland, UAE, Czech Republic, Great Britain, Iran and Russia.
Agreements for the acquisition of textile were signed with companies from Poland, Turkey, Russia, Singapore, South Korea and other countries.
In addition, two memoranda of cooperation in the textile industry were signed with Indorama (Singapore) and Swiss Capital (Switzerland) companies.
Over 1,000 representatives of 470 companies from 42 countries took part in the fair.
The fair has been held annually in Uzbekistan since 2005. It is organized by the government of Uzbekistan with the assistance of the International Cotton Advisory Committee (ICAC).
The tenth, jubilee Cotton Fair was held in 2014. The contracts on export of 580,000 metric tons of cotton fiber and finished textile products worth more than $1 billion were concluded.
In total, Uzbekistan has signed the export contracts worth about 8 million tons of cotton fiber at the fairs.
Uzbekistan ranks sixth for production and fifth for the export of cotton fiber in the world. The country produces around 3.5 million tons of raw cotton and 1.1 million tons of cotton fiber per year.