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Uzbekistan, Hungary looking at JV for textiles export to EU

Uzbekistan and Hungary plan a joint venture for production of finished textile products and its export to EU markets. This issue was brought up during past negotiations of the association's leadership with the Ambassador of Hungary to Uzbekistan, Peter Santo. Both sides discussed issues of further expansion of cooperation in the textile, sewing and knitting industry by supplying the products of Uzbek producers to the Hungarian market.

The Uzbek Association also invited foreign partners to cooperate in attracting specialists to the joint development of innovative activities in the industry. The expansion of trade and economic cooperation is another area of interest of both sides. The meeting addressed the unused potential in this segment. Last year, export of Uzbek textiles to Hungary amounted to $33,800 although this figure could be much higher. Both have decided to strengthen cooperation and actively participate in international exhibitions and fairs held in both countries.

Hungary is looking at the possibility of organising a national stand of their country at the forthcoming exhibition CAITME 2018 and Textile Expo Uzbekistan, which will be held in autumn in Tashkent.