Uzbekistan trade boosted by deal to create cotton storage facilities in Poland

A letter of intent was signed by Poland and Uzbekistan yesterday to create storage facilities for Uzbekistan cotton in Poland. Cotton is one of Poland' s main imports from Uzbekistan. Annually Poland receives as much as 60 tonnes to 70 tonnes of cotton. Last year Poland imported textile goods from Uzbekistan worth around $46 million, which was 98% of all its imports from Uzbekistan. The stored cotton will then be sold both in Poland and abroad. Once Poland enters the European Union (EU), cotton could be sent to the EU market. The cotton could eventually be traded via the internet on a cotton exchange, where prospective buyers could get up-to-date information on the quality and price of the stored cotton. (Gazeta Wyborcza, page 24) A.Z.