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MoC's lack of efforts for GSP+ upsets Pak textile sector
10
Dec '13
Textile exporters of Pakistan are not satisfied with the efforts deployed by the Ministry of Commerce (MoC) in preparation of the expected Generalized System of Preferences Plus (GSP+) status from the European Union in January 2014, Daily Times reported.
 
The Ministry has to ensure completion of some formalities to help the textile and leather industries of the country to earn duty-free entry for around 75 items in the EU markets.
 
The MoC and the textile industry of Pakistan has to coordinate with the Finance Ministry and complete all the regarding paperwork to ensure that all tariff lines of Pakistan are in harmonization with those of EU
 
However, according to the textile exporters, the MoC has not made satisfactory efforts to adjust domestic tariff lines with those of the EU, and still around 50 percent of the tariff lines of the country do not match with those of the EU. This means Pakistani exporters would face problems while exporting goods covered under those tariff lines which are not in synchronization with tariff lines of the EU.
 
Considering this, leading textile and leather exporters including members of Pakistan Hosiery Manufacturers and Exporters Association, Pakistan Tanners Association have forwarded written requests to Government authorities and agencies, and has also called upon the MoC, Trade Development Authority of Pakistan (TDAP), Federal Board of Revenue and Ministry of Textile to fulfill their jobs.
 
According to the textile exporters, If the concerned ministries fail to fulfill their task by end of December 2013, and if these tariff lines of Pakistan do not match with those of the EU, Pakistani economy would have to suffer a major loss, particularly in relation with duty free access for 75 textile and leather items.
 

Fibre2fashion News Desk - India


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