Home / Knowledge / News / Textiles / US-based textile product buyers likely to visit in September
US-based textile product buyers likely to visit in September
03
Aug '10
In order to lock market entry for textile goods in foreign countries, negotiations for bilateral agreements with EU and US are being speedily considered by the Pakistani Ministry of Commerce, as there is a ready market of their goods in these regions.

The aforesaid statement was made last week by Zafar Mahmood, Secretary, Ministry of Commerce, during his visit to the All Pakistan Textile Mills Association (APTMA), Karachi.

Mahmood informed the Commerce meeting that, representative of Buyers of Textile Products of United States was likely to visit Pakistan during September or October 2010. More so, Mahmood also said that, China was pondering over providing Pakistan with concession in exports and also give away concessionary arrangements to Pakistan if they partake in various expos that will take place in China.

Mahmood further added that, he firmly supported the Free Market Mechanism and advised not to levy any ban or restriction on a sub-sector of a value-chain as it was against the WTO agreement rules.

Shahzad Ahmed, Chairman, Aptma thanked the Mahmood for his attempts in helping Aptma attain the re-commencement of free market mechanism in textile trade and for allowing the regulatory duty on yarn exports to expire.

Ahmed further added that, although the industry has to purchase around 3.5 million bales, i.e. about 25 percent of their usage, they have never asked for any ban or restriction on cotton exports. More so, Aptma has time and again pointed out that, the spinning industry was in dire need of both its primary raw materials namely cotton and polyester.

However, numerous trade restrictions have been imposed on PSF, although use of synthetic fibre is merely 18 percent of Pakistan's raw material mix as against 60 percent existing across the globe.

Currently, there exists adverse tariff differences, wherein PSF blended yarn has zero percent import duty but the imports of PSA raw materials are subjected to a punitive regime of 6 percent import duty. Owing to shutting down of Dewan Salman Fibre, the disparity between Pakistani PSF and global PSF prices have blown up to a surprising figure of around 30 percent, further rendering exports uncompetitive.

An appeal was made to the government that is Pakistan was to attain an export target of $25 billion by 2014, all bans and tariffs on import of raw materials, which are available in limited quantities in Pakistan, should be removed. More so, PSF imports from India should also be allowed via entry points including Wahga and Khokhrapar.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Gujarat finance minister Nitin Patel. Courtesy: Global Gujarat News

Textiles | On 22nd Feb 2018

Rs843 cr for MSMEs, Rs35 cr for khadi in Gujarat budget

The Gujarat government has made a provision of Rs 843 crore in the...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Anupam Arya

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

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

Amiben Shroff
Shrujan

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

Anisha Chaudhari
Threads & Shirts

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

February 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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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