Home / Knowledge / News / Textiles / ATP may boost Pakistan's textile exports to EU
ATP may boost Pakistan's textile exports to EU
19
Nov '12
Wider access earned to the 27-nation European Union (EU) bloc under the Autonomous Trade Preference (ATP) Scheme can help Pakistani textile exporters boost their exports to that market. 
 
Briefing media, Faisalabad Chamber of Commerce and Industry (FCCI) President Zahid Aslam said Pakistan’s textile exports to the EU are expected to rise 31 percent as the EU has issued notice for implementation of the scheme.
 
Last fiscal, Pakistan exported US$ 1.709 billion worth of textiles to the EU, its largest trading partner, which is expected to rise by US$ 537 million to US$ 2.246 billion, this year, he added.
 
Under the scheme, the EU has allowed duty-free import of 75 Pakistani items, most of them textile and apparel items, till December 31, 2013. While 26 of these items fall under tariff regulated quotas, rest of them are covered under the non-tariff regulated quotas, which became effective from November 15.
 
The FCCI President said exporters would benefit dually from these concessions, as on one hand while they would be able to enhance their exports due to quota system, on the other hand the country would become eligible for further concessions in 2014 upon reviewing of the quota regime.
 
However, he noted that mainly attributable to inadequate power and gas supply, Pakistan’s overall imports and exports have declined over the past few months. The country’s exports dipped by 2.3 percent year-on-year during first quarter of the current fiscal that started on July 1, while its imports plummeted by 6 percent year-on-year. 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 31st May 2016

FICCI forecasts 7.7% GDP growth for Indian economy in FY17

The results of latest round of the Federation on Indian Chambers of...

Apparel/Garments | On 31st May 2016

China to open e-commerce to foreign investment

In a major policy decision, China has decided to lift restrictions to ...

Courtesy- DyStar

Textiles | On 31st May 2016

DyStar launches Cadira Polyester for resource efficiency

DyStar Group, solution provider offering a complete range of...

Interviews View All

Vasanth Kumar
Max Fashion India

What is the size of the apparel retail segment? How would you describe the ...

Smita Murarka
Amanté

Which fabrics will be in trend for lingerie in 2017? What aspects are...

Rahuul Jashnani
Jashn

What is the size of the ethnicwear vertical in India? How are Indian...

Eric Scholler
Groz-Beckert

<b><i>The Indian market has huge potential in technical textiles, and by...

Paolo Ocleppo
Sandvik Hyperion

<b><i>Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion...

Larry L Kinn
Suominen Corporation

<b><i>Larry L Kinn, Senior Vice President - Operations Americas of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search