Home / Knowledge / News / Textiles / EURATEX urges EU Parliament to reject Pakistan waiver
EURATEX urges EU Parliament to reject Pakistan waiver
10
Sep '12
For more than two years the EU Textile and Clothing Industry has been fighting against an unilateral political decision that deliberatly undermines the interests of a whole sector of the European economy in favour of one of its fearest competitors.

The alleged motives for this decision- provide support to Pakistan after the 2010 floods- are completely outdated and senseless in the current economic and financial situation in Europe.

Commenting on the Waiver proposal vote in the European Parliament this Thursday EURATEX President, Mr. Alberto Paccanelli, said “We are confident that, in their decision, Members of Parliament will take into account the difficult economic situation facing Europe and in particular some of the European countries that risk of being more negatively affected by the increasing imports coming from Pakistan”.

The T&C Industry provides over 1,8 million direct jobs in the EU and this should not be underestimated in the current scenario of climbing unemployment.

Besides, Pakistan T&C Industry already benefits from strong financial assistance from the local Government and does not need additional help to gain market share in the EU. Talking about Pakistan’s Textiles Policy 2009-2014 Mr. Alberto Paccanelli stated “Our competitors in Pakistan obtain extensive Government support in the form of drawback of taxes that can reach up to 4% of the FOB value of Exports, loans at reduced rates, reimbursements on social security taxes and incentive schemes that favour the creation of large export companies”.

We recall that Pakistan is the 4th EU Textile Supplier benefiting from a dominant position in the market for a number of products that are included in the Waiver- in some cases Pakistan represents over 80% of Extra-EU Imports. Moreover Pakistan has been steadily and continuously growing its exports towards the EU over the years: in 2005 the value of Imports from Pakistan was 2.217 million € to reach 3.222,5 million € in 2011. The fact that Pakistan has prices that are in average lower than its main competitors is certainly one of the reasons for this enviable performance.

Since the issue was firstly raised two years ago Euratex has been claiming there is no economic or even humanitarian reason for the Waiver as Mr. Paccanelli evoked in the letter he wrote to MEPs “Pakistan’s T&C industry is highly competitive and the main exporters to the EU are state-of-the-art companies benefitting from large financial support from the Government with turnovers-over 200 million €- largely surpassing what is the average for European SMEs. The Waiver will exclusively profit these companies and not the poor populations that suffered from the floods in 2010”.

EURATEX hopes that during the incoming vote in the European Parliament MEPs will take into account the interests of the EU Textile and Clothing Industry and all its workers deciding to reject the Waiver proposal that has absolutely no merits being of an economic or humanitarian nature.

Euratex accounts for € 179 billion Turnover, 1,834 million workers and 146.000 companies

EURATEX


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ashok Desai
Bombay Textile Research Association

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

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...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X