Home / Knowledge / News / Textiles / Boost South Asian intra-regional textile trade: Expert
Boost South Asian intra-regional textile trade: Expert
Apr '13
Dr. Mirza Ikhtiar Baig
Dr. Mirza Ikhtiar Baig
Highlighting the need for boosting intra-regional trade, especially textile trade, which has higher potential in the region, Dr. Mirza Ikhtiar Baig, Former Adviser to Pakistan PM on Textile, said regional trade has been identified as the world’s most successful trade model.
The comments came during the South Asia Strategic Leadership Summit 2013 held to identify ways to strengthen financial, social and political ties between the countries in the South Asian region.
Dr. Baig, who is also the Chairman of Baig Group, said NAFTA members carry out over 60 percent of their trade with regional partners, while for EU this it is 53 percent and 26 percent for ASEAN. However, the share of intra-regional trade among SAARC nations is just five percent, he added.
Speaking to attendees at the summit, most of them representing leading corporate houses of South Asia, Dr. Baig advised that they should stop looking at each other as competitors, rather should come together for resource mobilization and share their marketing network.
Elaborating this, he said China, which was once the biggest competitor of Pakistan in cotton yarn, today stands as the largest importer of Pakistani cotton yarn. Also, it procures grey fabric and denim from Pakistan for garment manufacturing, Dr. Baig added.
With annual production cost and wages rising at a rate of 20 percent in China, the country is likely to lose its competitive edge in garment exports over the next three to four years. This would open a market with an annual turnover of over US$ 200 billion to countries like India, Pakistan, Bangladesh and Sri Lanka, and also to Japan and Korea, which have ultimately shifted from textile to high-tech industries.
To grab a chunk of the Chinese market, Dr. Baig advised the regional textile entrepreneurs to perk up their economy of scale and productivity on the side of value added textile and to boost regional textile trade.

Fibre2fashion News Desk - India

Must ReadView All

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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