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PRGMEA seeks early implementation of EU proposal

16
Jun '12
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has sought early implementation of the Autonomous Trade Preferences (ATP), proposed by the EU Council to aid the Pakistani economy, which was badly hit by 2010’s massive floods.
 
In this regard, the Association has welcomed the efforts put in by the country’s Foreign Minister and Prime Minister, who raised the issue of early implementation of the ATP during their meeting with the EU delegation. 
 
PRGMEA South Zone Chairman Atiq A Kochra said the news regarding possibilities of early implementation of the ATP has given new hope to the ailing textile industry of Pakistan, as it is expected to generate newer business and employment opportunities in the sector.
 
He said such a step is expected to clear the way for the European Union conferring Pakistan with the GSP+ status. It will also help Pakistan to enter into a Free Trade Agreement with the EU.
 
If this happens, it would provide the much required boost to the Pakistani textile industry, leading to increased employment opportunities and generation of foreign exchange, he added.
 
Emphasizing on the need for creation of a public-private task force, Mr. Kochra said it would facilitate proper scrutiny and follow up of the issue, and avoid any unpleasant situation later on.
 
Further, calling the Government’s decision of seeking trade, and not aid, to be an appropriate one, Mr. Kochra said efforts of the concerned Ministries would soon bring about positive changes in the country’s economy.

Fibre2fashion Newsdesk - India


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