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Pakistan aims to boost textile exports to Russia
09
Mar '12
Textile and clothing manufacturers and exporters in Pakistan are aiming to increase their exports to Russia. Although Russia has a huge market and the country depends to a large extent on imports for textile and clothing items, Pakistan's share in Russian imports is insignificant at present.

Speaking to fibre2fashion, Mr. Muhammad Farooq Afzal, Chairman, Pak-Russia Business Council, says, “The share of Pakistan in textile and apparel exports to Russian market, at the moment, is less than US$ 100 million, which is very less as Russia imports about US$ 10.775 billion of textiles and garments every year.”

Informing about the factors restraining Pakistan's textile and garment exports to Russia, he says, “From the Government side, there is no incentive or motivation to promote and increase exports to the Russia. Secondly, the Russian industry has a negative image of payment problems.”

Briefing about the steps being taken to improve Pakistan's textile and clothing exports to Russia, he informs, “We are trying to improve our exports to Russia. We have also given a proposal to the Pakistan as well as the Russian Government and various associations, which if considered, would really boost our exports.”.”

“Recently we have set up an Economic Cooperation Organization (ECO) Business Forum that includes 10 countries including Iran, Turkey, Afghanistan and Pakistan. Through the Forum, we are focusing on Ukraine and the Russian Federation. I hope the Pakistani textile and apparel sector has realized the potential of these markets and are formulating strategies towards these countries..”

“I am pretty sure that our textile and clothing exports to Russia will shoot up”, he concludes by saying.

Fibre2fashion News Desk - India

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