NEWS AND EVENTS
October 19, 2006
UZBEKISTAN SIGNS COTTON EXPORT AGREEMENTS FOR 1.7M TONNES
Uzbekistan signed exports contracts for 1.7 million tonnes of cotton fibre within two-day International Uzbek Cotton Fair, Uzbek senior official said during official closure ceremony of the event.
The Second International Uzbek Cotton Fair opened in Tashkent on 17 October. During two days, Uzbek capital city will be centre of cotton industry.
The fair was organized by the Uzbek Ministry for Foreign Economic Relations, Investment and Trade (MFERIT) at the support of International Cotton Advisory Committee, Cotton Outlook Ltd, (UK-based magazine), Uzpakhtasanoat (Uzbek Cotton Industry) Association and Sifat centre.
Elyor Ganiev, Minister for Foreign Economic Relations, Investment and Trade, said representatives of 250 companies from 35 countries participated in the fair, which aimed at establishment of long-term cooperation, diversification of cotton exports and transparency of Uzbek cotton exports, as well as creation equal opportunities to buyers.
Mr Ganiev said Uzbekistan signed export agreements on supply of 1.7 million tonnes of cotton fibre to consumers within fair, of which 600,000 tonnes of cotton fibre fells to share of 2006 yield. He said other 1.1 million tonnes of cotton fibre will be supplied to consumers from yields of 2007 and 2008.
Uzbek minister said the contracts were mainly signed with representatives of China, Singapore, South Korea, Bangladesh, UAE and Russia.
At the same time, he said that Uzbekistan will take into account all those suggestion and recommendations of fair participants directed to improvement of cooperation of the sides, cotton characteristics and cotton supplies. He said that Uzbekistan will work on them and take necessary measures.