Participants of the Uzbek-Chinese Textile Forum: Cooperation has great prospects

An Uzbek-Chinese textile online forum was held, bringing together representatives of state organizations and private textile enterprises of the two countries.

At the event organized by the Embassy of our country in Beijing together with the Uztextilprom Association and the Chamber of Commerce for the Export and Import of Textiles of the People's Republic of China, it was noted that China is one of the largest importers of Uzbek textile products. Its exports in January-March of this year alone amounted to 119.7 million US dollars. In 2021, China imported $597 million worth of Uzbek textiles.

In addition, 33 textile enterprises operate in Uzbekistan with the participation of Chinese investments, including such large ones as LT Textile International in Kashkadarya region, Nanyang M&F and Shanghai Marjan in Andijan region. Over the past 4 years, more than 500 million dollars of direct Chinese investments have been mastered within the framework of 12 investment projects, more than 6 thousand jobs have been created.

Chairman of the Uztextilprom Association Ilkhom Haidarov presented a presentation of the textile industry of Uzbekistan to the participants. It was stressed that the boycott of Uzbek cotton has been canceled, and this should also serve to develop bilateral trade and economic cooperation in the textile industry.

The head of the Chamber of Commerce for the Export and Import of Textiles of the People's Republic of China, Mr. Cao Jiancheng, highly appreciated the reforms in Uzbekistan and noted that China considers the country as one of the important partners in the textile industry. This is confirmed by the growth of trade, in particular in 2021 by 10%. He called on Chinese textile companies to step up cooperation with Uzbek partners.

During the forum, participants and speakers talked about the successful experience of cooperation, exchanged views and suggestions on certain areas of the industry.

Following the results of the forum, a memorandum of cooperation was signed between the Uztextilprom Association and the Chamber of Commerce for the Export and Import of Textiles of the People's Republic of China.