Home / Knowledge / News / Textiles / Trade ties with Russia to boost Pakistan textile exports
Trade ties with Russia to boost Pakistan textile exports
31
Dec '13
Russia’s interest in enhancing bilateral trade ties with Pakistan can greatly help Pakistan to boost its textile and clothing exports to Russia.
 
During his recent visit to the Faisalabad Chamber of Commerce and Industry (FCCI), Yuri Kozlov, head of Trade Representative of Russian Federation, expressed interest in enhancing bilateral trade with Pakistan and stressed on boosting economic and technical cooperation between the two countries, reports Business Recorder.
 
FCCI president Engr Suhail bin Rashid said Russia greatly depends on imports for textile and clothing items which totals to around US$ 10.78 billion, however Pakistan meagerly contributes a US$ 100 million share in this market at present.
 
He also highlighted that Faisalabad has grown to be the 'Textile Capital of Pakistan' from 'Textile Manchester', contributing around half the country’s textile exports. Enhanced trade ties with Russia can help the province as well as the country to boost its exports to Russian market.
 
In this context, Mr. Rashid set forth proposals for regular exchange of business information and trade delegations to facilitate enhanced bilateral trade between the two countries. 
 
Responding positively to the proposal Russian envoy noted that Russian firms are investing in energy sector in Pakistan to help the country to rise above the energy crisis.
 
The envoy even pledged to make way for promotion of smooth trade between the two countries by making efforts for removing the hurdles.
 
Earlier last year Mr. Muhammad Farooq Afzal, chairman, Pak-Russia Business Council said lack of Government support or encouragement is keeping Pakistani exporters away from boosting their exports to Russia. 
 

Fibre2fashion News Desk - India


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Urmil Arya

Sushila International, a well established textile organisation established ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

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...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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