GSP Plus: Zero-rated regime for leather imperative

Tanners Association says contrary to potential, exports of the leather industry have remained at $1.22 billion.

KARACHI: The leather sector cannot benefit from the duty-free access to EU market under the Generalised System of Preferences (GSP) Plus unless the government restores the zero-rated regime in the upcoming federal budget 2014-15 for export-oriented leather industry to help ease its liquidity flow. Pakistan Tanners Association (PTA), while demanding a complete ban on export of livestock, said that contrary to the huge potential of leather products, exports of the leather industry have remained at $1.22 billion for the last six years, said PTA SZ Chairman Fawad Jawed.

Published in The Express Tribune, May 28^th, 2014.

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