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Uzbek textile industry sees a rise in Chinese investments

A meeting between Uztekstilprom Association and Chinese ambassador to Uzbekistan noted Chinese investments into the textile industry of Uzbekistan has registered an increase and now exceeds $200 million.

The meeting discussed issues developments of cooperation between Uzbek and Chinese textile associations, large textile companies, expansion of investment activities of Chinese companies in Uzbekistan, increase in trade turnover between the countries, in particular, consideration of the issue of optimisation of rates of customs duties on the import of Uzbek textiles to China were discussed.

Particular emphasis was placed on the development of Chinese government's technical assistance program aimed at training and upgrading the skills of young specialists for the textile, clothing and knitting industries. During the period January-June 2018, within the framework of this program 15 specialists of the industry in different regions of China were trained.

 

 
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