First International Uzbek Cotton Fair
A Significant Event in World Cotton Trade

 



 

The First International Uzbek Cotton Fair was held in Tashkent, Uzbekistan at the exhibition center “Uzexpocenter” on October 10-11, 2005. The fair was organized by the government of Uzbekistan in association with Cotton Outlook, a leading cotton publication based in Liverpool serving the world cotton industry.

The main goal of the fair was to conclude new contracts and develop long-term trade relations with merchants and cotton end-users. Consumers of Uzbek cotton got acquainted with its quality standards, newest innovations, trade and logistics. A large variety of Uzbekistan-grown cotton was exhibited at the fair.

Uzbekistan ranks sixth among the cotton producing countries and second in exports in the world. The First International Uzbek Cotton Fair attracted great attention from the world cotton communities. Numerous companies, firms and enterprises from Southeast Asia, CIS and Europe attended the event. Besides, participants of the fair had the opportunity to conclude long-term contracts with Uzbek exporters.

Cotton production and cotton processing industries traditionally take an important place in Uzbekistan's economy. After gaining its independence, Uzbekistan headed for radical modernization in cotton industry under the leadership of President Islam Karimov. Market relations have changed the approach to cotton growing, processing of cotton fiber and production of various goods. Over the last few years Uzbek scientists developed a number of promising varieties of cotton, which are distinguished not only by high yielding variety but also the best fiber quality. Scientists also contribute to the common course by developing new and more efficient means of plant protection. Textile processing units are now using most modern equipments. New advanced technologies are being introduced to enhance the quality of cotton products and their competitiveness in the word market.

Great importance is given to the development of foreign economic relations, which is evident by the growth of foreign investment in the cotton sector. Domestic cotton producers continuously make effort to establish relations with new foreign partners who are interested in expanding fruitful cooperation. In this aspect Uzbekistan is regarded as a reliable economic partner. Trade mechanisms are constantly elaborated, including introduction of guaranteed supply schemes and increase in the number of transport corridors. While in the past Uzbekistan exported its cotton to EU, but in recent years the dynamics has changed significantly. Rapidly developing textile industries in Bangladesh, India, China, Pakistan and other Southeast Asian countries created a great demand for Uzbek Cotton.
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