Home / Knowledge / News / Textiles / Pakistan textile sector to soon benefit from EU ATPs
Pakistan textile sector to soon benefit from EU ATPs
29
Sep '12
Dr. Cyrill Nunn
Dr. Cyrill Nunn
The textile sector of Pakistan would soon start benefiting as the autonomous trade preferences (ATPs) granted by the EU would be implemented within a month’s time, German Ambassador to Pakistan, Dr. Cyrill Nunn, said while speaking at the Lahore Chamber of Commerce and Industry (LCCI).
 
As the ATPs granted by the EU on September 13, 2012 are implemented, it would allow duty-free export of around 75 Pakistani products, mainly textiles and clothing, to the EU markets till December 31, 2013.
 
The ambassador also said that Pakistan is ready to win EU’s Generalized System of Preferences (GSP) Plus status by early next year. Winning this status would open up the way for duty-free exports to the EU markets, mainly benefiting the textile enterprises of Pakistan, he added.
 
He stated that majority of Pakistan’s population is young, which makes the country a lucrative market for consumer products.
 
He said there is ample scope for cooperation and intensifying trade ties between Pakistan and Germany and added that the German Government has articulated its readiness to extend all support to entrepreneurs who are willing to invest in Pakistan.
 
He said a German trade delegation would visit Pakistan in November this year to assess trade opportunities in the country. 
 
Further, Dr. Nunn noted that the German enterprises are eagerly eyeing trade normalisation between India and Pakistan, as some of these firms look forward to set up their base in Pakistan to facilitate exports to India. The ambassador said that easing of trade-relations with India would be much in favour of Pakistan itself.
 
LCCI President Irfan Qaiser Sheikh said with its strategic location and ample availability of raw materials, Pakistan is an apt location for overseas investors. He also urged the German investors to embark on alternative power projects in Pakistan to ensure continuous availability of power, especially for the country’s textile industry.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

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

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search