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

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Igor Chapurin
Chapurin

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search