The Ministry of Investment and Foreign Trade of the Republic of Uzbekistan held a meeting with representatives of the Directorate of Social Stability of the Spanish company INDITEX.
For information: INDITEX, which manages assets worth about $ 20 billion, includes ZARA, Bershka, Massimo Dutti, Pull & Bear and other most popular textile brands.
During the meeting, the sides discussed the reforms in the textile industry in Uzbekistan in recent years, including the introduction of a new “Cluster” approach to the cultivation and processing of cotton, the elimination of child and forced labor in the cultivation and harvesting of cotton. Uzbekistan has received the status of a beneficiary of the EU’s GSP + preferences system, and the boycott of Uzbek cotton by the Cotton Campaign International Coalition has been lifted. The parties discussed in detail the effective measures to support business in the country, opportunities for business development, as well as prospects for expanding the company’s investment portfolio in Uzbekistan.
During the meeting, the company’s representatives discussed opportunities for attracting Uzbek textile enterprises to global production and supply chains, measures to increase the capacity of textile companies and cotton-textile clusters operating in Uzbekistan, improving working conditions for workers and the environment and consumers. information was provided on the measures being taken to reduce the harmful effects.
The participants of the meeting discussed in detail the prospects of the company’s activities in Uzbekistan, with a view to implementing joint projects. It is also planned to study the potential of enterprises in the textile industry, assess market opportunities and work on other aspects of practical cooperation.
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