Home / Knowledge / News / Textiles / EU may grant GSP Plus to Pakistan in 2013: Danish envoy
EU may grant GSP Plus to Pakistan in 2013: Danish envoy
17
Sep '13
The European Parliament is most likely to grant Generalised System of Preferences (GSP) Plus status to Pakistan in its forthcoming meeting scheduled for December 2013, Danish Ambassador to Pakistan Jesper Moller Sorensen said during a meeting with Farooq Iftikhar, president of the Lahore Chamber of Commerce and Industry (LCCI).
 
The Ambassador said Pakistan’s exports to the EU would get a considerable boost as soon as the country gets GSP Plus status from the EU, according to a LCCI press release.
 
Mr. Sorensen appreciated the business opportunities in Pakistan and said that it is a lucrative market with enormous potential. He added that low labor costs, rising middle class and a huge chunk of the population consisting of youth, makes it an attractive destination for investment.
 
“Denmark aims to increase trade ties with Pakistan. To better assist Danish companies on the Pakistani market, the Embassy of Denmark in Islamabad will open a commercial section later this year,” the Ambassador said.
 
Mr. Iftikhar said Pakistan produces the finest quality of textile products, readymade garments, bed linen, and other products and stressed on the need for exchange of business delegations between the two countries to give boost to two way trade volume.
 
Around 40 percent of US$ 95 million worth of exports made by Pakistan to Denmark in 2012 was related to the textile industry, according to the Danish Embassy in Pakistan.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

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...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

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


October 2021

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


Advanced Search