Home / Knowledge / News / Textiles / Pakistan to soon unveil new trade policy: Minister
Pakistan to soon unveil new trade policy: Minister
18
Oct '12
Pakistan would soon announce its new trade policy, Minister of State for Commerce Abbas Khan Afridi has said.
 
The policy, which is in its final stages of formulation, would be announced before Eid-ul-Azha, Mr. Afridi informed the Upper House of the Parliament while answering a query during the Question Hour.
 
He added that the Government is also negotiating with the EU nations for lifting tariff barriers on 75 items, most of which are textile items.
 
He said the Government is also holding talks with the US authorities for earning duty-concessions on textile exports to that market. 
 
This is much required as US is a major importer of Pakistani textile and clothing items, but compared to other regional competitors, Pakistan’s textile and clothing items attract higher tariffs in the US.
 
He informed that the Government also held conversations with the US authorities for setting up reconstruction opportunity zones (RoZs) in Khyber-Pakhtunwala and in Federally Administered Tribal Areas (FATA).
 
The Minister informed that Pakistani entrepreneurs are free to import and export goods to or from any country, and the only formalities they need to undergo are to obtain a licence and permission from the Chambers of Commerce.
 
He further stated that the Government provides subsidy to textile producers in the country.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

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

Kerem Durdag
Biovation II LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

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