Home / Knowledge / News / Textiles / Pakistan urges Uzbekistan to explore textile ventures
Pakistan urges Uzbekistan to explore textile ventures
28
Dec '16
Pakistan has urged Uzbekistan to explore options for textile joint ventures in the country with an aim to open up new avenues in regional trade in both economies. Khurram Dastgir Khan, minister of commerce of Pakistan said that there is great trade potential between both nations and the current bilateral trade does not reflect the true potential.

An Uzbek delegation headed by Ulugbek Rozukulov, deputy prime minister of Uzbekistan, recently visited Pakistan and attended a meeting chaired by Khan, who said that the visit will be helpful in encouraging trade between the two nations.

The minister also listed certain reasons that affect trade expansion. These include lack of direct land routes, cargo links, marketing strategies and visa facilitation among others, according to Pakistani media reports. He added that both countries need to work together to tackle barriers and facilitate trade.

Khan invited Uzbekistan’s public and private sectors to organise exhibitions in commercial hubs like Karachi and Lahore to promote trade. The Trade Development Authority of Pakistan (TDAP) and ministry of economic affair and investment of Uzbekistan have already signed a memorandum of understanding to promote trade.

Rozukulov said that Uzbekistan will fully support Pakistan for promoting bilateral trade and also informed about Special Economic Zones in his country that offer zero tariffs. He added that Pakistani investors can benefit from these zones. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Trump signs revised free trade agreement with S Korea

Textiles | On 25th Sep 2018

Trump signs revised free trade agreement with S Korea

President Donald Trump signed a revised free trade agreement with...

L-R: Jonathan Akeroyd, Donatella Versace, John D Idol. Courtesy: Rahi Rezvani

Fashion | On 25th Sep 2018

Michael Kors to acquire Versace; to be renamed Capri

Michael Kors Holdings Limited, a global fashion luxury group, has...

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search