Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Saturday said that the local garment industry is not fully prepared to take advantage of duty-free access to the EU (European Union) market under Generalized System of Preferences (GSP) Plus status mainly due to shortage of raw material, said PRGMEA (North Zone) Senior Vice Chairman, Jawwad A Chaudhry.
This statement is in contrast to previous statements by the All Pakistan Cotton Manufacturers Association, which expects massive increase in exports.
He urged the government to relax the import policy to empower value-added textile industry to get the maximum benefit of GSP Plus status, as the country had no input except cotton.
Published in The Express Tribune, October 13th, 2013.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ