Home / Knowledge / News / Apparel/Garments / Granting MFN status to benefit apparel sectors of India, Pakistan

Granting MFN status to benefit apparel sectors of India, Pakistan

15
Nov '11
The granting of most favoured nation (MFN) status by Pakistan to India will benefit the apparel sectors of both countries, according to Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA).

“Pakistan has certain strengths in the textile sector and so does India. India has a very large petrochemical base from which we can obviously benefit through yarns and fabrics coming out of that area. Pakistan has a lot of strength in certain types of cotton that are especially welcomed and used extensively in India's domestic market.” Mr. Shehzad Salim, Central Chairman, PRGMEA, told fibre2fashion.

“Granting of MFN status to India would be a very good gesture from Pakistan's part and it will not only encourage trade, but also create a friendly atmosphere in which future developments can take place. It would be very beneficial as India would get benefit from Pakistan's strengths and advantages, and Pakistan would benefit from India's strengths and advantages. Hence, I do not see any detrimental effects as Pakistan spears ahead with granting of MFN status to India,” he reasoned.

“However, things need to be worked out on both ends regarding removal of non-tariff barriers such as overland transportation of goods, removing certain kinds of restrictions which are very bureaucratic in nature, etc. It is necessary to now move very quickly on these things as well,” Mr. Salim added.

“The removal of bureaucratic non-tariff barriers would result in substantial growth in official trade between both India and Pakistan. Currently, there is a lot of unofficial trade that takes place via various routes. So, making it official and giving easy access will boost trade in both countries,” he explained.

Citing tremendous trade potential between the two countries, Mr. Salim said, “Pakistan's garment and processing industry can also benefit from India's IT sector and the technological advancements that are taking place. Also, India has large dyestuffs and petrochemical base which can be utilized by Pakistan.”

Recommending a strong SAARC trading block, the PRGMEA Central Chairman said, “Pakistan and India together approximately have a population of 1.5 billion, which is about 15-20 percent of the world population, and if we add the balance of the SAARC member countries, the figure goes up dramatically. Hence, forming a strong trading block among SAARC nations would gradually decrease our reliance on the rest of the world.”

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 15th May 2021

Australian govt earmarks Au$1 mn for boosting fashion industry

The government of Australia has earmarked Au$1 million to promote and ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 15th May 2021

Prime Content| US textiles & apparel imports grow 4.32% in Q1 2021

The import of textiles and apparel by the United States increased by...

Pic: Amanda Wakeley

Fashion | On 15th May 2021

British luxury fashion company Amanda Wakeley enters administration

The British luxury fashion designer Amanda Wakeley’s company, AW...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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

Leave your Comments


May 2021

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


Advanced Search