Home / Knowledge / News / Textiles / EU duty waiver to boost prospects of textile sector
EU duty waiver to boost prospects of textile sector
30
Dec '10
Pakistan's textile exports are expected to witness a rise of three billion dollars in near future, as United States and Europe waive the trade restrictions imposed on Pakistan, the industry sources revealed. As the EU granted duty-free access for Pakistani textile goods in 2003, there has been a remarkable rise in Pakistan's textile exports since then, and the same was recorded at $ 10.3 billion by close of June, this year.

Now, once again Pakistan has regained trade relief from the EU, whereby certain textile items would enjoy duty-free access in the EU nations for next three years, as it will come into effect from January 1, 2011. But a lot depends upon the action which WTO might take with regard to this duty waiver issued by the EU.

Pakistan, being a beneficiary of the US Generalised System of Preferences program, presently enjoys zero-duty status on around $200 million worth of its exports, but textile products are excluded from this.

As stated by the industry sources, the US penalized the Pakistani exports with a duty of $315 million, last year, which came to around 10 percent of the total value of those exports. As textile goods are subjected to heavy duty, Pakistan has to pay unequal duties compared to other diversified countries.

All Pakistan Textile Mills Association (Aptma) management has been convincing the US authorities at every level for granting the Pakistani textile exports with as many duty concessions as possible. The association leadership has also criticized the slow progress in the US Senate on the passage of law on the setting up of Reconstruction of Opportunity Zones (ROZs). The Aptma management has further claimed that in spite of the lead taken by Pakistan in the fight against terrorism, the US has not yet responded to the country's textile sector in an apt manner.

Fibre2fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Jurgen Gauger
Spreadshirt

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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