Home / Knowledge / News / Textiles / Textile producing countries oppose EU concession to Pakistan
Textile producing countries oppose EU concession to Pakistan
31
Dec '10
The European Union's proposal of granting duty free access to Pakistan's textile goods as a relief measure against the devastating floods has faced strong opposition from countries like India, Peru and Bangladesh.

These countries have notified the World Trade Organisation (WTO) that granting such preferential access is not the right way to help a nation, as it would prove detrimental to the interests of other competing nations.

The WTO's Committee on trade in goods during its recent meeting deferred the decision on sanctioning the EU's proposal of granting a duty free access to 75 Pakistani items including 64 textile items, as the three countries opposed the same. The decision on the proposal would now be taken during the next Committee meeting to be held towards the end of January, 2011.

If Pakistani textile industry is granted such preferential treatment it would prove detrimental for the Indian textile industry, as Pakistan is amongst the strongest competitors of India in the EU market.

EU proposes to grant duty-free access to 75 items for a period of three years from January 2011 onwards, which is believed to add up to around € 900 million in terms of import value.

Though, India's last year's garment and textile exports totalled to $5.9 billion which is higher than double the exports of Pakistan worth $2.2 billion, but still India is feared to lose its market share to Pakistan if the latter is granted duty-free access as the EU levies an import duty of around 6 to 12 percent on these items.

Bangladesh has proposed that if the EU's proposal is sanctioned, it should be given the compensation for the trade loss that it would suffer due to such preferential treatment.

The proposal is not being opposed only by the competing nations, but several other textile producing nations within the EU like Spain, Italy and Portugal, who have also voiced their discontent.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

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

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 2017

February 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