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India-Pak may form study group to ease trade

21
May '10
As per Wajid Jawad, former head, Export Promotion Bureau of Pakistan and Chairman of Associated Industries (Garments) Pakistan Pvt Ltd, India and Pakistan are probably going to establish a study group to tackle issues and further, spot problems in trade policies.

He further added that, the study group could operate as a platform to help government of both the countries, drop their barriers and thereby, create a more beneficial atmosphere to work cordially. And since all this requires a detailed report to work upon and thereby, implement it effectively, forming a study group would be the best way out.

According to Jawad, working together would imply visiting each other's countries, which will press the governments to direct the bureaucracy to remove trade obstacles. Further, to improve co-operation between both the nations, Jawad averred that, it was important for the nations to communicate.

Currently, Pakistan's textile regulations are focusing on facilities that would aid in establishing the textile sector at both local and global levels. Other policies focus on development of modern infrastructure, making use of comprehensive skills and developing plans to hike the supply of sufficient human resources, design a justifiable framework with set standards for each state to ensure productivity and processing, confidence and quality and finally, utilise resources and promote compliance, explained Jawad.

In addition, Pakistan also intends in promoting research and development, hike efficiency throughout its value chain, especially in its quality and variety of fibres, enhance product diversification, introduce modern technologies, support establishment of ancillary units such as production of machines, dyes, chemicals and the like, said Jawad.

During the recently held, India-Pak business conference, Jawad informed that, owing to international economic downturn, growth in the textile industries was affected adversely, leading to a gap in the demand and supply.

Since, there lays great market disparities, time taken to remove these completely will be longer. Therefore, it was necessary to end the discrepancies in trust between both the nations so that, ties between the nations could be established, concluded Jawad.

Fibre2Fashion News Desk - India


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