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 28th, 2014.
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 28th, 2014.