Home / Knowledge / News / Textiles / Pakistan positive but cautious about granting MFN status to India
Pakistan positive but cautious about granting MFN status to India
01
Nov '11
Indian textile industry enjoys a comparative benefit in artificial fibres and synthetics over other nations and hence the Pakistani Government needs to ensure a protective measure in place before conferring India with the status of Most Favoured Nation (MFN), All Pakistan Textile Mills Association (APTMA) Chairman Mohsin Aziz said.

Mr. Aziz was reacting to Pakistan Federal Secretary Commerce Zafar Mahmood's statement that discussions with the industry stakeholders' regarding conferring India with MFN status are likely to conclude soon.

Addressing a consultative meeting organized at the APTMA Punjab office, Mr. Mahmood said post-consultations the matter would be placed before the Cabinet for obtaining its approval.

He emphasizing that regularisation of trade with India was of vital importance in present times, but said that the concerns of Pakistan's industry with regards to Non-Tariff Barriers (NTBs) from India are also quite justifiable.

He noted that the developed nations always kept their political differences at bay to sustain their trade ties and cited examples of the EU and Turkey, China and Taiwan, and Hong Kong and China.

Mr. Mahmood said the Commerce Minister relied on consultations with the industry stakeholders for deciding the future course of action, which may lead to an agreement on trade regularization with India on an equal basis.

According to Mr. Mahmood, the issue of NTBs was raised during Commerce Minister Makhdoom Amin Fahim's recent visit to India and informed that the Minister recommended removal of NTBs as a permanent solution for trade regularisation with India.

He further informed that the second round of consultations was likely to begin soon and expressed optimism that both the countries would act amenably to sort out all the trade barriers.

He also hailed India's move of supporting the EU proposal for granting trade concessions on import of 75 items from Pakistan.

Pakistan would look forward to India's support for obtaining GSP Plus facility in 2014, he added.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
April 2017

April 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