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27/October/2020   Economy

A well-known Indonesian textile companies intends to establish the trade-investment cooperation with Uzbek partners


JAKARTA, October 27. /Dunyo IA. The representatives of Uzbekistan Textile and Garment Industry Association have held a videoconference with Indonesia’s PT. Pan Brothers Tbk, reports IA “Dunyo” correspondent.

Participants were informed about the economic potential of Uzbekistan, in particular, the trade-investment potential of the textile industry.

The parties also discussed issues of establishing bilateral cooperation between Uzbekistan companies and PT. Pan Brothers Tbk in trade, investment and technology transfer.

The Uzbek side offered Indonesian company to organize joint production, create a textile cluster and conclude a franchise agreement with Uzbekistan manufacturers for production of goods of well-known brands with subsequent export of finished products to the countries of the region.

Following the event, the sides agreed to create a working group for implementation of joint projects on trade-investment cooperation in the textile industry.

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