Home / Knowledge / News / Textiles / Pak optimistic of gaining EU GSP-Plus status next year
Pak optimistic of gaining EU GSP-Plus status next year
03
Mar '12
Pakistan is positive about gaining the Generalised System of Preferences (GSP) Plus status in 2013, to be conferred by the European Union. The status would greatly boost Pakistan's exports to the EU, including textiles, a major export item of Pakistan.

Finance Secretary Wajid Rana told the National Assembly Standing Committee on Finance that Pakistan is in talks with the EU to win the GSP-plus status and the decision in this regard is likely to be taken in 2013.

He said the GSP Plus status would be in addition to the recent announcement of duty-free access to the EU for 75 Pakistani items, mostly textile items.

He added that the Government would further discuss regarding the GSP-Plus status at the forthcoming Pak-EU Strategic Dialogue and Pak-EU Summit.

Mr. Rana disclosed that a meeting of the PAK-EU Joint Commission has been scheduled to discuss Pakistan's access to the EU market, prior to the scheduled visit of the EU Foreign Minister to Pakistan in April this year.

He revealed that the concerned Ministries in Pakistan like the Ministry of Commerce are working to prepare a strong case to be put at these key meetings.

Pakistan's exports to the EU are likely to be hit by the eurozone crisis, however, the negative impact would be offset by duty-free access for 75 items to EU countries, Mr. Rana said.

During the initial seven months of the current fiscal, Pakistan exported textiles worth US$ 7.6 billion, up from exports of US$ 6.9 billion achieved during the corresponding period of the previous fiscal, Mr. Rana informed.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search