Home / Knowledge / News / Textiles / GSP Plus can boost Pakistan's textile exports to EU
GSP Plus can boost Pakistan's textile exports to EU
22
Jun '12
Pakistan’s textile exports to the EU countries is likely to get a boost if the country manages to attain GSP Plus status by ratifying 27 human rights conventions before 2014.
 
Pakistan has become eligible to apply for EU’s GSP Plus status after the European Parliament approved draft legislation for the new GSP scheme last week.
 
For GSP Plus countries, the EU Parliament has fixed the upper limit at 13.5 percent per year for each individual category over exports registered in the previous year, to enjoy preferential treatment.
 
Assuming that Pakistan achieves the highest possible growth rate in textile exports that qualify for preferential treatment, the exports to EU may touch €1 billion by 2019, according to experts.
 
However, only those Pakistani textile items that have a share of less than two percent in EU’s total imports would qualify for zero-rated concessions to the EU under the GSP plus scheme.
 
Bed linen from Pakistan accounts for 27 percent of all bed linen imported by the EU. Similarly, Pakistan’s denim exports constitute 11 percent of all denim imported by the EU. So, bed linen and denim would not get preferential treatment and their exports would have to grow on their own strength.
 
But the GSP Plus status, if obtained, would give Pakistan a chance to promote those textile categories in the EU, which are currently not being substantially exported, such as the innerwear items. 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

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

Ashok Desai
Bombay Textile Research Association

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

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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