Home / Knowledge / News / Textiles / Pakistan's textile exports to EU become duty-free
Pakistan's textile exports to EU become duty-free
01
Jan '14
As per Annex-IX of the EU Regulation-978, the entire textiles and clothing products i.e. HS chapter 50 to 63 are included in GSP Plus Scheme and will be exported duty free from January 1, 2014 although the official Notification will be issued on January 6, 2014, Pakistan’s Minister of State for Commerce and Textile Industry Engr. Khurram Dastgir Khan told reporters while briefing them about the various aspects of the GSP+ trade preferences.
 
The Minister informed that the GSP+ scheme would be applicable until 2023, and was subject to various conditions such as the share of any GSP+ beneficiary country will not exceed 2 percent of entire EU imports, and ratification and reporting of 27 international conventions on good governance.
 
As per article 14 of the EU regulation, after every two years, the EU Commission will present a report to the European Parliament on status of ratification of the 27 international conventions, the Minister said.
 
The Minister said that textiles, along with agriculture and fisheries, are deemed sensitive and are under special safeguards in the EU. The textiles and clothing products are placed as Sections 11a (HS Chapter 50 to 60) and 11b (HS Chapter 61 to 63). If the country’s exports of a product exceed a threshold of 6 percent of total EU imports of that product, then safeguard threshold is 13.5 percent for annual increase of imported volumes. 
 
Mr. Khan hoped that GSP+ Scheme would act like a catalyst to rejuvenate Pakistan’s entire export products range. “It will facilitate the complete textiles and clothing value chain to diversify their product mix as in various products in which we do not have competitive advantage will now be competitive vis-à-vis India and China due to zero tariffs,” he said.
 
However, Pakistan’s textiles and clothing values chain will also be required to upgrade their machinery and produce better value products, he added.
 
The Minister said that skilled labor is required to produce additional quantities and he would be ensuring release of funds from the Export Development Fund (EDF) to initiate various Training Programmes.
 
He also emphasized that in the long run, he would like to tackle all problems related to the cotton production sector, through legislation as well as interventions through scientific research. 
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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