Home / Knowledge / News / Textiles / Australia to reduce import tariff on Pakistani textiles
Australia to reduce import tariff on Pakistani textiles
12
Nov '14
The Government of Australia will reduce tariff on import of textiles from Pakistan beginning 2015, Australian High Commissioner to Pakistan Peter Heyward has said.
 
Speaking at the fourth annual dinner of the Pakistan Australia Business Forum (PABF) in Karachi, Mr. Heyward said that the maximum tariff to be levied on Pakistani textiles would be slashed to five percent.
 
He said that such a step would help Pakistan in balancing its bilateral trade, which is currently in favour of Australia.
 
Stating that PABF is a key partner in strengthening Australia-Pakistan bilateral relations, he said the Forum promotes growth in trade and investment between the two nations. He added that Australia would continue to encourage Pakistani entrepreneurs to look at the opportunities that exist and take advantage of them to expand their businesses.
 
He suggested that the ICC World Cricket Cup scheduled to be held in Australia and New Zealand next year will draw the attention of cricket playing nations to Australia, which can be a considerable attraction for Pakistan.
 
Patrick Kearins, Australian Trade Commissioner, said that Australian companies were willing to impart technical training to Pakistani youth, which would also help in decreasing unemployment while helping the youth in building their career.
 
Mentioning that Australian companies were well-known in the energy sector, Mr. Kearins said the sector has been specially earmarked for cooperation between the two countries.
 
PABF chairman Pervez H Madrazwala said there is a large potential for expansion of trade between Australia and Pakistan, especially in textiles.
 
Currently, Australia levies custom tariff of 10 percent on import of clothing and finished textiles. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

John Kelley

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


June 2018

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

news category


Related Categories:

Advanced Search