Italy, Pakistan to boost bilateral textile trade

06 Sep '12

1 min read

The Italian Trade Commissioner Dr. Antonio Avallone met Pakistan’s Federal Advisor on Textile, Dr. Mirza Ikhtiar Baig to discuss proposals to boost trade and investment between the two nations, especially in the textile sector.

Appreciating the support extended by Italy to Pakistan for gaining zero-duty market access to the EU, Dr. Baig updated the Italian trade commissioner about the salient features of Pakistan Textile City project at Bin Qasim near Karachi.

Dr. Antonio articulated his interest in the project and agreed to attend a presentation on the project at Karachi on September 8, 2012.

Dr. Antonio also discussed the prospects of promoting Italian textile machineries in Pakistan, while Dr. Baig informed him about his recent meeting with Pakistan’s President on formation of the committee on revival of the textile industry.

During the meeting, Dr. Baig also discussed progress on market access with a special focus on Generalized System of Preference (GSP) Plus allowing Pakistan to duty-free ship its goods to the EU, effective from January 1, 2014.

Also, he informed Dr. Antonio about the upcoming new Trade Frame Work 2012-2015, setting forth a target of achieving a US$ 100 billion in exports over the next three years.

Fibre2fashion News Desk - India

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