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Russia proposes 'green corridor' for Uzbek textiles
Oct '17
Russia proposes
Visiting Russian minister of industry and trade Denis Manturov recently proposed Uzbek foreign trade Minister Eler Ganiev creating a ‘green corridor’ for the supply of textile products from Uzbekistan. Both nations aim to expand cooperation in textiles as Uzbekistan is the world’s sixth-largest cotton-growing country producing 1.1 million tonnes annually.

The ‘green corridor’ concept was launched by the European Union in 2007 wherein goods do not have to undergo customs inspection while crossing borders. In 2017, the supply of textiles from Uzbekistan to Russia increased by 22 per cent.

Ganiev feels the potential is vast as the proposal covers production cooperation, the use of Uzbek yarn for production at Russian enterprises, the supply of finished textile products, knitted fabrics and cotton fabrics. “We expect that by the next year, the volume of trade in textile products could reach about $700 million," he was quoted as saying by Uzbek media reports.

By 2017 end, the republic intends to reach the $5-billion trade turnover level with Russia. Moreover, this year Russia has come out on top among Uzbekistan’s foreign trade partners. (DS)

Fibre2Fashion News Desk – India

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