Home / Knowledge / News / Textiles / India supports EU Plan to boost Pakistani textile exports
India supports EU Plan to boost Pakistani textile exports
01
Oct '11
Government of India would support the European Union's plan to enhance textile exports from Pakistan's flood-hit areas, by offering tax privileges. This was stated by Minister of Commerce and Industry Anand Sharma during a meeting with Pakistan's Minister for Trade Makhdoom Amin Fahim.

India was earlier against the EU proposal because of pressure from local textile lobby, but the direct support by the Central Government is being seen by both the countries as a step towards improving bilateral relations.

The trade ministers of both the countries met after a long gap of 35 years and the discussions were termed as candid and constructive.

India consenting to back the EU plan would facilitate waiver of duties levied by the EU on several Pakistani textiles and other items like ethanol at the earliest by January 2012.

Mr. Anand Sharma stated that India would back and constructively support Pakistan when the matter is taken up during the next meeting of the World Trade Organisation.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

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

Kerem Durdag
Biovation II LLC

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search