Home / Knowledge / News / Textiles / EU tariff concessions enhance export potential of textiles
EU tariff concessions enhance export potential of textiles
14
Oct '10
Pakistan textiles would receive another US $4 billion this year due to the increase in the prices of domestically produced cotton. Another $1 billion will be added to its earnings as a result of the tariff concessions issued by the European Union (EU). This will take the total textile exports of Pakistan to $15 billion.

The APTMA Chairman, Gohar Ejaz stated that the cotton growers had received Rs 260 billion by selling 12.7 million bales of cotton, last year. This year, they are going to earn as much as Rs 400 billion from the sale of same amount of cotton. This hike in the earnings is due to the rise in international cotton prices.

Gohar further added that EU has low spinning potential. Pakistan exports yarns worth 62.7 million Euros to the region. Even an increase of 40 percent in the country's yarn exports is not going to affect the availability of cotton yarn in the domestic market.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

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

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Saket Garg
Garg Corporation

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

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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