The Federal Advisor on Textiles, Dr Baig, announced that the Ministry of Textiles is working on tariff free access for textile exports from Pakistan to the countries of the European Union and the United States, which would provide a major boost to textiles in the country. He was speaking on the occasion of the inaugural of the 6th Textile Asia 2009 exhibition.
He said, “The Textile Ministry has already arranged meetings with ambassadors of France, Italy, United States, Netherlands, Turkey and Germany and these countries have fully supported, in allowing duty free access of textile products from Pakistan to their countries”. Currently Pakistan is in negotiations with the European Commission for duty free access.
Dr Baig, added by saying that the government was working on implementation of liquidation and bankruptcy laws, so that companies which had financially failed and wanted to close down, could do the same under the ambit of proper laws.
Reaffirming the commitment of the government to improve exports and overall working of the textile sector, he said that the government has hired two top notch international consultants from US and Switzerland, respectively to find out weaknesses in the systems and suggest measures to take textile exports to the next level.
Giving out details regarding the steps the Textile Ministry had taken to help the sector, he said, “We have started settling R&D claims totaling to Rs 4 billion and exporters have started receiving the cheques, while the remaining claims amounting to Rs 6 billion would be released at the earliest possible dates to the exporters”.
Commending the organizers of Textile Asia, he said, it was a matter of pride that this fair has been approved by Global Association of Exhibition Industry, France and said the fair is expected accrue a lot of benefits as the textile industry would be able to attract more and more foreign investments and buyers.
Fibre2fashion News Desk - India
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