Uzbekistan wants joint ventures with Hungarian textile firms

February 20, 2018 - Azerbaijan

Uzbekistan has offered Hungary to create joint ventures in the two countries for production of finished textile products and their export to the European Union (EU). The Association of Textile and Clothing and Textile Industries Enterprises in Uzbekistan (Uztekstilprom)recently discussed this issue with Hungarian ambassador to Uzbekistan Peter Santo.

The ambassador agreed to consider the proposal, including a visit by a business delegation of Hungarian entrepreneurs to Uzbekistan in September this year.

This meeting, organised on Hungary’s initiative, discussed issues of further expansion of cooperation in the textile and sewing & knitting industry by supplying products of Uzbek producers to the Hungarian market, according to an Uztekstilprom press release.

The Uzbek association is interested in attracting Hungarian technological expertise in joint ventures apart from expanding trade and economic cooperation, according to a report in a Azeri news portal.

The export of Uzbek textiles to Hungary was worth merely $33,800 last year. (DS)