Home / Knowledge / News / US to allow zero-duty access of products from EOZs
US to allow zero-duty access of products from EOZs
21
Apr '09
The US will soon approve the proposal to provide, tariff free export of products produced in the Economic Opportunity Zones (EOZ's) in Pakistan for a period of 15 years. A meeting of businessmen and all concerned ministries would be called for planning a concrete strategy regarding this.

For obtaining access of Pakistani products to US and European markets on favorable terms the required efforts have been taken by the ministers. A meeting of all the chambers of the country and trade bodies along with all the concerned ministries will be held, to sort out every issue in this regard. The Prime Minister would preside over this meeting.

Till date, a viable, comprehensive and long-term policy has not been formulated in consultation with the stakeholders, due to which the economy couldn't improve. As compared to competing economic countries, Pakistan has not been provided level playing field in the global trade market, aver experts.

The Federal Commerce Minister informed that the issue of cotton import through Wagah would be resolved in a week to the satisfaction of textile industry. Also he informed that, by coming June the two floors of Expo centre at Lahore would start functioning and the money required for this was being released.

Tariff reforms, market access and diversification of exports were the three key issues of Pakistan's trade policy. The above issues would hold the key, if Pakistan has to reach to the target of US $45 billion exports.

Federal Commerce Minister added that Trade Development Authority of Pakistan needs to develop strong contacts with the business community to capture central Asian markets. Bangladesh, Sri Lanka, Turkey and many Latin and African countries already have duty-free access to the EU market.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
June 2017

June 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