Home / Knowledge / News / Textiles / EU duty concession to Pakistan held back temporarily
EU duty concession to Pakistan held back temporarily
28
Jan '11
Muhammad Aasim Shah, leader of the Value-Added Textile Forum (VTF) while sharing his experiences regarding the Heimtex festival, the world's biggest textile fair recently held in Germany's Frankfurt said that, regardless of the fact that the government intends to observe 2011 as the 'Year of Export', the fair generated dissatisfaction amongst the textile exporters of Pakistan.

He said that, after many efforts and demands from the Pakistani exporters, and in view of the frontline role played by Pakistan in war against terrorism and the damages caused by the recent flood, the European Union granted 75 textile products from Pakistan with duty free access to its markets from January 1, 2011.

But then, quite disappointedly the EU has been required to hold back its decision for three more months, as the Indian lobby at the EU proved to be so powerful and effective that it pressed the EU to defer its decision of granting such access to Pakistan. Thus, as the buyers have not been able to cash in on this duty free access as announced by the EU while buying goods from Pakistan, they have started relocating their businesses to China and India.

Earlier, in the mid part of 2010, the EU decided to grant duty-free access to Pakistan, and this proved to be a positive move in favour of Pakistan, as many importers switched to Pakistan to gain from the duty-free facility. Also this considerably boosted the country's exports during the last few months, the statistics revealed.

But now, the importers are feeling that the Pakistani government has failed to persuade the EU member countries to gain support for earning the duty free access, and that too particularly when the opposing lobby is quite powerful, Shah said.

He further advised that, Pakistan has an opportunity ahead as it can once again raise its claim for earning the facility at the EU's forthcoming joint meeting session. The issue has now become a question of pride for the Pakistani government and also the exporters, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X