A proposal to increase export duty on both wet blue grains and wet blue split to 50 percent has been put forth by the Pakistan Tanners Association (PTA), to ensure that the domestic industry receives its required raw material and value-added sector is duly promoted.
An official from PTA stated that, value-addition in finished leather could help earn 3-4 times more price as compared to wet blue. Also, finished leather production in a tannery generates more job opportunities and it contributes to the manufacturing GDP of the country.
During a meet with the Trade Development Authority of Pakistan (TDAP) in Lahore Regional Office, PTA officials averred that, increased exports of both wet blue grains and wet blue split were negatively hampering the leather industry of Pakistan. TDAP Official Director for Lahore, Yasmeen Qureshi also agreed with PTA's aforesaid statement.
The meeting was convened to discuss the imposition of duty on wet blue exports at an increased rate of 50 percent, to analyze the possible result of such a duty imposition on wet blue exports, its future repercussions and benefits, informed the official. Even the Commerce Ministry urged TDAP Lahore to analyze the situation of duty imposition and thereby, suggest a firm policy.
During the meet, it was conjointly decided that export duty on wet blue grain and wet blue split exports would be increased to 50 percent, a ban would be imposed on the exports of animals and their smuggling will also be avoided so as to safeguard the industry, informed the official.
Fibre2Fashion News Desk - India
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