Home / Knowledge / News / Textiles / US may allow duty-free access to Pakistani textiles
US may allow duty-free access to Pakistani textiles
21
Jul '10
During its recent visit to Pakistan, US delegation made an announcement to the Government of Pakistan that a ruling with respect to removing tariff on textiles is under consideration and that it would help Pakistan's textile segment to export its goods to US market without paying any duties.

The delegation explained that, the legislation on eliminating the 16 percent tariff on Pakistani textiles was already discussed in the Senate's standing committee on foreign affairs.

During the committee meets, US senators, discussed with the members of US trade organizations to completely eradicate duty on Pakistani textiles. Further more, senior US officials have decided to work further towards offering greater market access to Pakistani textile goods in US and hence, advance two-way trade and economic ties.

A senior official of the Pakistani textile ministry informed that, by permitting wider access in to the US and European markets, by virtue of eliminating tariffs, will most probably help in raising the Pakistani exports from $8 to $10 billion. This thereby, indicates that, Pakistan's overall exports of textile have the potential to increase from $10.6 to $20.6 billion by 2015.

While Pakistan is paying around 16-20 percent duty on exports of value-added goods to US markets, it is paying 13 percent to the European market. But if the Pakistani textile products are given duty-free access in to these markets, similar to India, Bangladesh and China, then the country's textile exports can possibly brow to $10 billion.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


May 2018

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

news category


Related Categories:

Advanced Search