Uzbekistan's exports to the European Union reached $1.05bn from January to September of 2024, marking a 33% rise compared to the same period last year. This surge highlights the country’s strategic focus on the EU market, bolstered by its preferential access through the Generalized System of Preferences Plus (GSP+), which allows duty-free exports of over 6,000 types of goods.
Uzbek businesses are actively capitalizing on these opportunities, with leading exports under the GSP+ program including ready-made knitwear and hosiery, electrical goods, and chemicals.
The Ministry of Investment, Industry, and Trade has played a crucial role in promoting exports by organizing visits and business missions for leaders in the leather and textile industries to key industrial hubs in Portugal, Italy, Spain, Germany, and Poland. These initiatives facilitated productive discussions with key leaders from major organizations, companies, and trade associations.
During these missions, Uzbek business leaders held meetings with top management from notable companies including Alba Tessile, T.I.S., Ametlab, ItalTex, Sartoria La Torre, SI Group, Rossorame, Weitblick, WLL GmbH, El Corte Inglés, Tendam, Gedepsa, ACIR Southern Europe, LEGS, PPHU JOLA-STYL, Colorinvest, Arlen, and Textile Group.
Key agreements reached during these engagements included the supply of finished textile products and fabrics, the establishment of a joint Italian-Uzbek brand, cooperation with European e-commerce platforms, and the launch of Uzbek trade centers within the EU. Additionally, logistics, warehousing, certification, and quality control processes for exported products were extensively addressed.
Uzbek leather goods producers also secured similar agreements with EU partners, including organizations like CTIC, APIC, Confindustria Toscana Sud, and Cámara de Comercio de Valencia, as well as companies such as Aquitex, CEPSA, Alidata, Mapril ION Exchange, VentilaQUA, Desotec, Jose Maria & filhos Tanned Group, and Incusa.
Early results from these missions are promising; in the past two months, exports in the leather industry have surged across Italy, Bulgaria, Poland, Austria, and Germany under recently signed agreements. This upward trend stresses the growing significance of the EU market for Uzbekistan’s export landscape, paving the way for continued economic collaboration and growth.
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