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News: October 2006

TASHKENT HOSTS SECOND INTERNATIONAL UZBEK COTTON FAIR

Representatives of more than 250 companies from 36 countries of the world participate in the second International Uzbek Cotton Fair in Tashkent. The fair was organized by the Ministry for Foreign Economic Relations, Investments and Trade at the support of International Cotton Advisory Committee, " Cotton Outlook" magazine, as well as " Uzpaxtasanoat" (Uzbek Cotton Industry) Association and Uzbek certification center of cotton fiber "Sifat".

Opening the ceremony, Prime Minister of Uzbekistan Shavkat Mirziyoyev pointed out that holding International Uzbek Cotton Fair in Tashkent, which became a traditional, is a result of large-scale economic reforms in the country, including in cotton-growing branch.

Uzbekistan is the fifth largest cotton producer in the world and the second largest exporter. This year Uzbek cotton growers harvested 3 million 600 thousand tonnes of cotton. The fiber 2006 will becomes the main article of trade and subsequent signing of contracts at the fair, which will serve as effective tool for further promotion of Uzbek cotton in the world market and creation of steady economic relations in the future.

Today the Uzbek cotton fiber is exported to China, Russia, Iran, Bangladesh, Pakistan, South Korea, Vietnam and many other countries. Thus the demand for Uzbek cotton is constantly growing in the textile industry of Southeast Asia. It is also confirmed by large number of traders from the countries of the region participating in present fair.

At the same time intensive development of economy of Uzbekistan dictates necessity of extension of the share of internal processing of fiber. By 2008 the volume of cotton processing will be increased by 50 percent, which will promote for development of local textile industry and growth of general export parameters.

Uzbekistan is now among the most active participants of world economic relations in sphere of production and export of cotton, - said in the opening ceremony Executive Director of International Cotton Advisory Committee Terry P. Townsend. Appeal of the Uzbek cotton is growing, the demand for it is rising in both western and eastern markets.

Deputy Secretary General of Chinese Cotton Association Wang Jianhong told about the perspectives of Uzbek cotton in Chinese markets. - Participation in the fair provides the representatives of our business circles a unique opportunity to come into direct contacts with suppliers from Uzbekistan, - emphasized Wang Jianhong. - I am sure, that they will be very productive. Uzbek cotton one of the most qualitative in the world, therefore Chinese production workers and traders are interested in signing contracts on increase of its delivery.

A. Ivanova, F. Arziyev

Source: UzA, 18.10.2006