Uzbekistan plans to build 130 more cotton spinning enterprises by 2020

September 8 --11, Vice President of Chinese textile import and export Chamber of Commerce, Wang Yu led a delegation on behalf of Chinese textile and apparel industry went to Tashkent, Uzbekistan participated in the Ukrainian Entrepreneurs Forum, and the industry in docking activities.

The forum was jointly organized by the Foreign Trade Development Bureau of the Ministry of Commerce of the People's Republic of China and the National Investment Committee of the Republic of Uzbekistan to consolidate and deepen bilateral economic and trade relations.

Member of the Political Bureau of the Central Committee, Secretary of the Central Political and Legal Committee, Chinese Chairman of the Intergovernmental Cooperation Committee of China and Uzbekistan, Meng Jianzhu, and Prime Minister of the Republic of Uzbekistan, Alibov, attended the China-Ukraine Entrepreneur Forum and delivered a speech, encouraging the entrepreneurs of China and Uganda to cooperate pragmatically. Li Chenggang, Assistant Minister of Commerce, and the Chairman of the Ukrainian Investment Committee co-chaired the opening ceremony of the forum.

The content of the forum focuses on the “One Belt and One Road ” of China-Ukraine, and closely follows the theme of “win-win cooperation and common development”. The Uzbekistan National Investment Committee has detailed the investment advantages of Uzbekistan and warmly welcomes Chinese enterprises to invest in Urumqi. Or carry out technical cooperation.

Later, Vice President Wang Yu and his party met with Ilham Hajdav, Chairman of the Board of Directors of Uzbekistan National Textile and Apparel Group.

The group is composed of the former Quanwu Textile Industry Association. It still has the coordination function of the National Textile and Apparel Association. It has nearly 500 member companies and its trade volume accounts for more than 80% of the total trade value of the Quanwu textile industry.

Uzbekistan since the Soviet era is an important cotton-producing countries, the textile strong industrial base, with an annual output of more than 2.3 million tons of cotton, 45% for domestic sales, a good development momentum black textile industry, exports for five consecutive years to maintain rapid growth.

Ilholm Hajdalov said that Uzbekistan plans to build 130 cotton spinning enterprises by 2020. By then, all cotton produced in Uzbekistan will be used in the domestic market and will not be exported.

Uzbekistan has a sufficient labor force, with a national labor force of 18.5 million, 63% under 30 years old, and an average wage of less than US$200; low energy prices, industrial electricity consumption of 2.5 cents per kilowatt hour/hour, natural gas 3 cents per cubic meter; market prospects broad, Uzbekistan and CIS countries signed a free trade agreement, countries Ukraine commodities tariff-free marketing. Tim哈伊达洛夫Il Ho also said that the current black cotton yarn exports to China still need to pay 5% tariff, but the fabric was duty-free imports from China and hopes that China consider peer tariffs.

On behalf of the industry, Ilholm Hajdlov welcomed the Chinese counterparts to invest in Uzbekistan, promote trade and capacity cooperation, and detailed the current operation status of large-scale Chinese textile and garment enterprises in Uzbekistan.

The talks between the two sides are harmonious, and President Ilholm Hajdarov is very concerned about the Canton Fair textile exhibition organized by the Association, Australia and Canada.

President Ilham Hajdav will go to China in the near future. He and I will meet again to discuss and deepen cooperation and sign a cooperation agreement.

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