Uzbekistan and Kazakhstan plan to create a joint cluster for the processing of cotton. Work on the project has already begun. Uzbekistan and Kazakhstan will take control of the whole process, from processing of “white gold†to receiving finished products.
“The textile industry is one of the important calling cards of the country. A lot of experience has been accumulated in the production of textile products. This is very important – starting with the planting of cotton, ending with its processing, thus bringing it to export potential,†said Yerik Utembayev, Kazakhstan’s ambassador to Uzbekistan.
Within the framework of the new project, the two sides also plan to build new joint ventures. This will be the basis for the development of the textile industry of Uzbekistan and Kazakhstan. In addition, work is underway to implement an investment project to increase the volume of exports and imports between the countries. This was facilitated by the agreement signed during the meeting of the leaders of Uzbekistan and Kazakhstan.