Home / Knowledge / News / Textiles / Pakistan textile exports to EU may jump 30%
Pakistan textile exports to EU may jump 30%
27
Sep '12
Pakistani textile exports to the EU are likely to rise by 30 percent, due to the EU granting duty-free access to 75 Pakistani items, mostly textiles and apparels.
 
Optimum utilization of the existing capacity could boost textile and apparel exports by 30-40 percent or by about US$ 700 million to US$ 1 billion, Pakistan Textile Exporters Association (PTEA) Chairman Rana Arif Tauseef said, while speaking to the media.
 
Under the existing tax regime, export of 75 items, for which concession is granted, to the EU value at around US$ 1.4 billion, accounting for nearly 27 percent of Pakistan’s overall exports worth US$ 5.1 billion to the EU. Hence, there is good scope for escalating exports of these items under the duty-free regime, the PTEA Chief said.
 
He said the concession would help Pakistani textile industry to enhance its efficiency and competitiveness, while creating opportunities for employment generation, skills development and exchange of technological expertise.
 
However, continuous supply of utility services like gas and power to production units across the year would play a major part in ensuring this, he added.
 
Lastly, Mr. Rana urged the Government to prepare grounds for earning Generalised System of Preferences (GSP) Plus status from the EU.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search