Home / Knowledge / News / Apparel/Garments / WTO's GSP facility: Pakistan govt urged to appease Bangladesh
WTO's GSP facility: Pakistan govt urged to appease Bangladesh
10
Nov '11
Pakistan Government has been urged to appease the Government of Bangladesh for withdrawing its opposition to the grant of Generalised System of Preference (GSP) facility to Pakistan under the World Trade Organization (WTO) rules for 75 of its export items, including garments and textiles.

Earlier, Bangladesh made an appeal to the WTO to not to grant GSP facility to Pakistan as doing so would affect its textile and garment exports to the European Union. In its appeal, Bangladesh said if the proposed GSP facility was granted to Pakistan, it would negatively impact countries like it. A final decision on the matter will be taken at the next council meeting of the WTO scheduled to take place during the third week of this month.

Being a least developed country (LDC), Bangladesh already enjoys the GSP facility for its exports to EU countries.

The members of Karachi Chamber of Commerce and Industry (KCCI) have urged the Government to take strong steps for earning free custom duty exports from Pakistan to EU countries. They suggested that Pakistan should send its Foreign and Commerce Ministers to Bangladesh to negotiate with that country's officials on the terms that could facilitate Pakistan's entry in the duty-free custom area in EU countries.

Of the 75 products for which Pakistan is seeking GSP facility to EU countries, there are eight items in which Bangladesh is a strong player. These include readymade garments (RMG), home textiles, knitwear, jeans, footwear and leather goods.

According to KCCI, duty exemption of 75 items is likely to result in a projected increase of around US$150 million worth of Pakistani exports to the EU.

At present, EU imports 3.4 billion euros worth of goods from Pakistan annually. These include the import of the 75 items in the list worth 920 million euros.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search