Home / Knowledge / News / Textiles / Textile sector positive on Pak-EU negotiations
Textile sector positive on Pak-EU negotiations
11
Oct '10
Textiles, Pakistan's leading export industry is saving high hopes on the negotiations going on between Pakistan and European Union for gaining free market access in EU, which if it turns positive, would greatly enhance the core export industry of the country.

Experts are expecting the talks to turn positive, on the assumption that the EU market may grant the access in view of the massive floods in Pakistan which have ravaged a greater part of the country. Also as the floods have devastated the country's economy, there is an intensified need for striking this deal with EU, at the earliest.

Presently, whereas the 27-country strong EU, is deliberating on the ways to provide assistance to Pakistani exports to EU, the textile sector experts in Pakistan stated that, there are three main issues that need to be decided.

First being the list of the items, next, the extent of duty concession and the last one being the period for which these duty concessions should be granted. EU is likely to disclose its tariff concession plan, soon.

As of now, 24 percent of country's overall exports which comes to around $4.6 billion are towards EU. As textile alone contributes 68 percent or say $3.1 billion of these exports to EU, hence is seen to benefit the most if the negotiations for duty free access, turn positive.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Apparel/Garments | On 28th Mar 2017

US withdrawal from TPP to not impact Vietnam garment exports

A high ranking official of the Vietnam Textile and Apparel...

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search