Bangladesh Will Import 250 Thousand Tons Of Cotton Directly From Uzbekistan.

A senior official said. The People's Republic of Bangladesh Directly from the new clause. Uzbekistan imports 250 thousand tons of cotton 。

Comprehensive media reported on December 13th, a senior official said Saturday that Bangladesh will bypass international traders and import 250 thousand tons of cotton directly from Uzbekistan through new terms.

"The Uzbekistan government guarantees that cotton will be supplied to our country through direct trade every year," the Bangladeshi official said.

"This is good news for us, because the demand for raw materials in China's clothing industry is increasing year by year," said Abdul Hai Sarker, chairman of Bangladesh Textile Association.

Faruk Khan, Minister of Commerce of Bangladesh, visited Tashkent, capital of Uzbekistan last month. The government of Uzbekistan assured him that it would export up to 250 thousand tons of cotton to Bangladesh each year.

India also promised to export 1 million 100 thousand bales of cotton to Bangladesh next year in October, and will modify the law to cancel the import of non-tariff barriers in Bangladesh jute bags.

Before the Bangladesh textile mill, the third party import of Uzi (0) (0) commented on the other commentary of this article, and the related information and information forum, please input the verification code Buick Stan cotton, especially through trading companies in Geneva and London, which will increase the import price.

The garment industry is the main export earning industry in Bangladesh, occupying about 80% of the total export volume of the country and totally dependent on imported cotton.

The rising price of yarns and fabrics has seriously damaged Bangladesh's garment manufacturing industry.

India, the world's second largest supplier of cotton, has suspended cotton exports, and the international market has been rocking, causing local yarn and fabric prices to soar.

The government of Uzbekistan has also recommended Bangladesh to import yarn from it, after which the two countries established a joint venture in Uzbekistan.

Uzbekistan is the third largest cotton producing country in the world.