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Poland plans textile ventures with Uzbekistan

Uzbekistan and Poland plan cooperation in the textile industry and research and development The two countries celebrated the 25th anniversary of the establishment of diplomatic relations in 2017.

Poland exports live animals and animal products (about a third of total exports), chemical products (24 per cent), various machinery, equipment, and motor vehicles (more than 20 per cent) to Uzbekistan. Poland imports mainly cotton and its products (more than 45 per cent), mineral products (25 per cent), chemical products (20 per cent) from Uzbekistan. Currently, 25 enterprises with Polish capital are operating in Uzbekistan. They operate in the fields of energy, textiles, pharmaceuticals and solid waste.

Currently Uzbekistan is the world’s sixth largest cotton producer among 90 cotton growing countries. It produces about 1.1 million tons of cotton fiber annually, which accounts for about six per cent of global cotton production. The country exports cotton mainly to China, Bangladesh, Korea and Russia.

One policy priority of Uzbekistan is further development of its textile industry. The Central Asian country offers investment opportunities. Incentives are being offered to industry in the form of tax holidays, free land for joint ventures with Uzbek counterparts and a cheap and skilled workforce.

 
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