One has got to feel for the garment workers. Despite the availability of low-cost loans to pay wages, repeated requests from the labour ministry and a recent uptick in work orders from international buyers, they are getting the chop. “So far, more than 25,000 workers have been fired although we have been suggesting the factory…
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For a long time, a major issue that has plagued international trade is that payments are received many weeks, and sometimes even months, after the delivery of the goods. Such delays inevitably lead to cash flow problems for exporters, especially the small and medium-sized enterprises (“SMEs“), and can be further worsened by non-payment by the…
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of US $165.5m to improve road efficiency, safety and climate resilience of major cross-border roads in the Bukhara region in Uzbekistan. Good road connectivity is an essential growth driver in landlocked Uzbekistan. The country’s road network plays an important role in transporting goods and…
Uzbekistan filed an official application for the beneficiary status of the European Union’s General System of Preferences Plus (GSP +), the Ministry of Investment and Foreign Trade (MIFT) said. “Uzbekistan’s obtaining this status will help significantly increase the volume of exports to the EU and increase the competitiveness of Uzbke goods in the European market,…
Bangladesh and Uzbekistan have agreed to form Joint Working Group (JWG) to boost bilateral trade and investment through removing different barriers. Commerce Minister Tipu Munshi gave the information on Tuesday at a view exchange meeting with Uzbekistan’s Deputy Prime Minister and Investment and Foreign Trade Minister Sardor Umurzakov through a videoconference from the secretariat in…