‘Exports to Europe will soon go up 20%’
Much-awaited GSP plus status to be granted in February: TDAP chief.
FAISALABAD:
The European Union is expected to grant the much-awaited GSP plus status for Pakistani textile exports in February which will boost export volume to Europe by 20%, said Trade Development Authority of Pakistan Chief Executive Tariq Iqbal Puri.
Objections from India and Bangladesh have been removed while those by South American countries will also be removed soon, said Puri while addressing textile exporters at Pakistan Textile Exporters Association on Thursday.
Tariq Puri said that to face the challenges of current world economic recession, increase in national exports is need of the hour.
He said that although the textile sector is passing through a very hard time, exporters managed to crossed $25 billion exports last year.
The knitwear sector last year entered into rehabilitation process but unfortunately all efforts went fruitless as a declining trend in exports was observed, he said. Holding meetings with trade associations was the ongoing process to get accurate information about our exports and problems so that we could help our exporters to increase our national exports, he said.
Pakistan Textile Exporters Association Chairman Rana Arif Tauseef said that export volume of textile items is showing a downward trend and if this trend continues, textile exports could reach $300 million per month. The country relies heavily on the textile sector for exports as they stood at 56% of total exports in fiscal 2010. Gas closure has drastically impacted the industrial productivity and is also causing continuous decline of exports, he said.
Published in The Express Tribune, January 20th, 2012.
The European Union is expected to grant the much-awaited GSP plus status for Pakistani textile exports in February which will boost export volume to Europe by 20%, said Trade Development Authority of Pakistan Chief Executive Tariq Iqbal Puri.
Objections from India and Bangladesh have been removed while those by South American countries will also be removed soon, said Puri while addressing textile exporters at Pakistan Textile Exporters Association on Thursday.
Tariq Puri said that to face the challenges of current world economic recession, increase in national exports is need of the hour.
He said that although the textile sector is passing through a very hard time, exporters managed to crossed $25 billion exports last year.
The knitwear sector last year entered into rehabilitation process but unfortunately all efforts went fruitless as a declining trend in exports was observed, he said. Holding meetings with trade associations was the ongoing process to get accurate information about our exports and problems so that we could help our exporters to increase our national exports, he said.
Pakistan Textile Exporters Association Chairman Rana Arif Tauseef said that export volume of textile items is showing a downward trend and if this trend continues, textile exports could reach $300 million per month. The country relies heavily on the textile sector for exports as they stood at 56% of total exports in fiscal 2010. Gas closure has drastically impacted the industrial productivity and is also causing continuous decline of exports, he said.
Published in The Express Tribune, January 20th, 2012.