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Pakistan to raise antidumping duty issue at summit
31 Oct '11
1 min read
Pakistan's President Asif Ali Zardari is likely to raise the issue of antidumping duty on textile item exports to Turkey at the upcoming trilateral summit of Afghanistan, Pakistan and Turkey.
The Government of Turkey had imposed an additional antidumping duty of 18 percent on July 24 this year, to the existing 6.5 percent import duty on denim fabrics, thus taking the total duty to 24.5 percent on Pakistani textile products.
Pakistan is one of the major exporters of grey and denim fabrics to Turkey and the imposition of antidumping duty is expected to result in a loss of US$ 300 million to it. On the other hand, the withdrawal of the tariff would enhance Pakistani textiles' export to Turkey.
Turkish President Abdullah Gul will be hosting the trilateral summit on November 2 in Istanbul, which would be attended by the Pakistani President, besides Hamid Karzai, President of Afghanistan.
Dr. Mirza Ikhtiar Baig, Advisor on Textiles to the Pakistani Prime Minister, had requested the country's President to take up the anti-dumping issue with the Turkish Government during his visit.
Besides Pakistan, Turkey has imposed antidumping duty on imports of fabrics from Bangladesh, China, Indonesia and Vietnam to protect the indigenous industry.
The Government of Turkey had imposed an additional antidumping duty of 18 percent on July 24 this year, to the existing 6.5 percent import duty on denim fabrics, thus taking the total duty to 24.5 percent on Pakistani textile products.
Pakistan is one of the major exporters of grey and denim fabrics to Turkey and the imposition of antidumping duty is expected to result in a loss of US$ 300 million to it. On the other hand, the withdrawal of the tariff would enhance Pakistani textiles' export to Turkey.
Turkish President Abdullah Gul will be hosting the trilateral summit on November 2 in Istanbul, which would be attended by the Pakistani President, besides Hamid Karzai, President of Afghanistan.
Dr. Mirza Ikhtiar Baig, Advisor on Textiles to the Pakistani Prime Minister, had requested the country's President to take up the anti-dumping issue with the Turkish Government during his visit.
Besides Pakistan, Turkey has imposed antidumping duty on imports of fabrics from Bangladesh, China, Indonesia and Vietnam to protect the indigenous industry.
Fibre2fashion News Desk - India
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