Home / Knowledge / News / Textiles / Turkey to match EU concessions
Turkey to match EU concessions
Mar '11
In a significant development, Turkey has offered Pakistan, trade concessions at par with the European Union (EU) offer on the condition of approval by World Trade Organization (WTO).

The EU offered 20 percent relief in import duty on 75 items from Pakistan in October and Turkey is ready to trade with Pakistan at same concessions. The aim of the EU package is to help Pakistan in the aftermath of the devastating floods in August last year.

President of Karachi Chamber of Commerce & Industry, Saeed Shafiq told that as soon as the EU trade package was approved, Turkey would offer a similar package to Pakistan. Saeed Shafiq made this announcement at a press conference.

He said that the Director General of Foreign Trade of Turkey had informed him about their intentions to offer similar concessions. Shafiq told that Turkey was keen to pull Pakistan out of the economic crisis, which deepened after the worst floods in August last year.

Though EU package would help Pakistan earn an additional income of 100 million euros per year, it had invited severe criticism from the local textile manufacturers as around 90 percent items in this package consist of raw materials for textile sector.

In addition to that, India and other regional competitors opposed the pact strongly at the WTO meeting. Originally Pakistan was supposed to start availing this package from January, 2011 for a period of three years but because of opposition from surrounding countries at WTO, the pact was put on hold. However, Pakistan hopes to get the approval in this month.

Fibre2fashion News Desk - India

Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

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

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silke Brand-Kirsch
Schlegel und Partner

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search