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PRGMEA hails India's decision to support EU plan in WTO
04 Oct '11
2 min read
Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has hailed the Indian Government's decision to support the European Union's proposal for allowing duty free access to 75 textile items from Pakistan in the World Trade Organisation (WTO).
The EU proposal is expected to bring an economic advantage of around US$ 600 million to Pakistan. When the proposal was first floated in 2010 after devastating floods in parts of Pakistan, India opposed the same before the WTO.
PRGMEA extended an assurance that it would not operate in a manner detrimental to the Indian interests in the EU market.
The Association praised Secretary Commerce, Chairman Trade Development Authority of Pakistan (TDAP), Federal Commerce Minister Makhdoom Amin Fahim, and Prime Minister Gilani for their earnest efforts to gain India's support for the proposal which would open the way for duty free access for Pakistani goods in EU.
PRGMEA further stated that India would extend the same kind of support in 2014 also when Pakistan qualifies for GSP Plus facility in the EU.
The Association asked the Government legislators to speed up the process of presenting the case of Pakistan before the WTO and stated that while drafting the proposal for presentation before the WTO member nations, all the stakeholders should be taken into confidence by the Government.
The EU proposal is expected to bring an economic advantage of around US$ 600 million to Pakistan. When the proposal was first floated in 2010 after devastating floods in parts of Pakistan, India opposed the same before the WTO.
PRGMEA extended an assurance that it would not operate in a manner detrimental to the Indian interests in the EU market.
The Association praised Secretary Commerce, Chairman Trade Development Authority of Pakistan (TDAP), Federal Commerce Minister Makhdoom Amin Fahim, and Prime Minister Gilani for their earnest efforts to gain India's support for the proposal which would open the way for duty free access for Pakistani goods in EU.
PRGMEA further stated that India would extend the same kind of support in 2014 also when Pakistan qualifies for GSP Plus facility in the EU.
The Association asked the Government legislators to speed up the process of presenting the case of Pakistan before the WTO and stated that while drafting the proposal for presentation before the WTO member nations, all the stakeholders should be taken into confidence by the Government.
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