As of July 1, the resident population of Uzbekistan stands at 34.19 million people, the State Statistics Committee said in a report. Of the total, 17.3 million people live in cities, and 16.89 million – in rural areas, the report added. In the end of the first half of 2019, there were 33.52 million people…
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President of Uzbekistan Shavkat Mirziyoyev signed a decree “On Uzbekistan’s Development Strategy “. The document has approved Uzbekistan’s Five-Area Development Strategy for 2017-2021 which was developed following comprehensive study of topical issues, analysis of the current legislation, law enforcement practices, the best international practices, and following public discussion. The Decree has created a National Commission responsible…
As the major brands and retailers in the EU and US are reopening, work order inflow are on the rise in the local apparel factories, though on a limited scale. As per the factory owners, most of the factories are running with 80 percent capacity as work orders are coming gradually. However, the volume of…
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…
Bangladesh is the 2nd largest Ready Made Garments (RMG) exporter in the world after China. About 83% of its export earnings are coming from RMG. Textile and Apparel sector’s, the lifeline of the economy, has contributed Tk 2, 513,471 million or 11.16% of Bangladesh GDP. About 20 million people are directly associated with the industry.…