Interviews
Textile sector seeks lifting PSF anti-dumping duty
22 Dec '09
1 min read
The value-added textile sector has demanded that the anti-dumping duty imposed on imports of polyester staple fibre be withdrawn with immediate effect and also restriction be put on exports of cotton yarn to ease the supply situation.
These trade bodies allege that the value-added is being made to bear the brunt from both the man-made fibre and cotton segments and further assert that the polyester fibre producers have formed a cartel which has led to an increase in prices of the raw material.
The Pakistan Bedwear Exporters Association (PBEA) has approached the National Tariff Commission (NTC) and sought a review of the anti-dumping case on polyester fibre along with which it has drawn attention to the acute shortage of cotton yarn.
Giving an example, PBEA said that in order to protect the spinning industry Pakistan had also imposed export tax on raw cotton in 1988, with the objective to reduce raw cotton prices, which actually helped in doing so.
The trade body added by saying that it was necessary to impose quantitative restriction on cotton yarn exports up to 32 single counts which should be fixed at 23 million kg per month for the remaining part of current fiscal year.
These trade bodies allege that the value-added is being made to bear the brunt from both the man-made fibre and cotton segments and further assert that the polyester fibre producers have formed a cartel which has led to an increase in prices of the raw material.
The Pakistan Bedwear Exporters Association (PBEA) has approached the National Tariff Commission (NTC) and sought a review of the anti-dumping case on polyester fibre along with which it has drawn attention to the acute shortage of cotton yarn.
Giving an example, PBEA said that in order to protect the spinning industry Pakistan had also imposed export tax on raw cotton in 1988, with the objective to reduce raw cotton prices, which actually helped in doing so.
The trade body added by saying that it was necessary to impose quantitative restriction on cotton yarn exports up to 32 single counts which should be fixed at 23 million kg per month for the remaining part of current fiscal year.
Fibre2fashion News Desk - India
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