Uzbekistan & Turkey plan to launch textile trade centre

Uzbekistan and Turkey are planning to create a wholesale trade centre called Textilkent for textile products and knitted garments. The centre will be inspired by similar centres created in Turkey and Europe. Preliminary agreements were made on the establishment of this project during President Recep Tayyip Erdogan’s visit to Uzbekistan.

A Turkish business delegation led by president Erdogan visited Uzbekistan. A forum that witnessed the participation of Turkish and Uzbek companies was held at the Uzexpocenter. The Uztekstilprom association made a presentation for the delegation, informing them about its achievements and prospects and opportunities for international cooperation in the textile sector.

Negotiations were held between Turkish companies and various Uzbek firms, which can become their potential trade partners. Detailed information of the Uzbekistan textile industry was also provided to the Turkish delegation to attract foreign investment. Joint ventures between the companies of the two nations for manufacturing finished textiles, hosiery, knitwear and sewing products, curtains and more could also be on the cards.

Trade between the two countries amounted to US$ 1.5 billion in 2017. Uzbekistan exported textile products like cotton yarn, carpets, knitted fabrics and goods, sewing goods and more worth US$ 109.5 million to Turkey in the same year.

 

 
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