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EEC encourages cooperation between Eurasian countries in light industry

EEC encourages cooperation between Eurasian countries in light industry

3/1/2021

The ZOOM session attendees discussed promising areas of cooperation in light industry at the Eurasian Economic Commission’s venue "EAEU and third countries' opportunities for cooperation in light industry".

 

"The internal market of the Eurasian Economic Union is very receptive and has an enormous potential for cooperation projects and creating joint ventures," stressed Tigran Harutyunyan, Deputy Director of the EEC Industrial Policy Department. "Along with that, neighboring countries – Tajikistan and Uzbekistan – show interest in expanding cooperation in light industry as well."

 

It has been noted that international industrial cooperation is one of the areas that will enable increasing the volume of mutual trade. In the medium term, trade will actively transform from raw material supply transactions to joint cooperation for manufacturing final products. A rich raw material base for cotton fiber and leather raw materials, cheap energy and labor resources: these three components make Tajikistan a promising partner for creating joint ventures with both the Russian Federation and other EAEU countries.

Despite cotton fiber available in Kazakhstan and development of cotton fabric production, manufacturing ready-made clothing is still a promising and vacant niche. In 2020, it was decided to create a cotton and textile cluster in the Republic of Kazakhstan. In this regard, the event attendees stated that the cluster and FEA preferences created in the territory of Kazakhstan could contribute to localizing the Union's manufacturers and encouraging production of ready-made clothing.

Besides, the session attendees discussed the issue of supporting light industry manufacturers to enter third markets. Russia’s representatives informed about a broad support program for exporters, including both financial and non-financial assistance.

Developing electronic trading platforms as the fastest growing retail sales channel was another important discussion topic. Nowadays, there is a rise in companies on the marketplace, including owing to programs for subsidizing such placement by export centers. During the pandemic, participation in exhibitions and fairs was replaced by the possibility of creating virtual rooms on the marketplaces where buyers can evaluate textile and light industry products using 3D-reality.

"It seems clear that entry of light industry manufacturers into national and international trading platforms is no longer just a desire to keep pace with global trends, but it is a really active tool enabling to stay in business and propel it to the next level," Tigran Harutyunyan stressed.


For reference


The event was attended by employees of trade representative offices of the Russian Federation in the Republic of Tajikistan and the Republic of Kazakhstan, representatives of the Russian Export Center, the Association of Light Industry Enterprises of the Republic of Kazakhstan, the Kazakhstan Association of Children's Goods Industry, Wildberries, Alibaba.com and World Textile Marketing Agency (the Republic of Uzbekistan).​