;
Home / Knowledge / News / Textiles / Relax import policies to reap GSP+ gains: PHMA
Relax import policies to reap GSP+ gains: PHMA
16
Apr '18
Courtesy: Lum3n.com from Pexels
Courtesy: Lum3n.com from Pexels
Import policies in Pakistan need to be relaxed as benefits of the renewed generalised system of preferences (GSP) plus status can only be accrued by maximum value-addition in finished products and not be merely exporting raw materials, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) chairman Khurram Anwar Khawaja recently said.

Urging the government to abolish all duties and taxes imposed on polyester yarn so that knitwear and sportswear manufacturers can compete in the international market, Khawaja stressed upon the role of value-added apparel sector to harvest maximum benefits of GSP Plus, according to a Pakistani news agency report.

Raw cotton exports from the country between July 2017 and February this year grew by 38 per cent over the corresponding period in the previous year.

The GSP window led to abundant export orders, which the industry cannot execute if its liquidity problem is not resolved by the government at the earliest.

Anti-dumping duty was also imposed on polyester fully-drawn yarn, which is not manufactured in Pakistan, he added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Global Fashion Agenda

Apparel/Garments | On 23rd Jan 2019

Global Fashion Agenda releases CEO Agenda 2019

Highlighting the urgency of combating climate change, non-profit...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Courtesy: Ayotunde Oguntoyinbo/SMART

Textiles | On 23rd Jan 2019

EU lacks sufficiently stringent regulations: SMART

Despite the European Union (EU) having a wide range of...

Interviews View All

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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


January 2019

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

news category


Related Categories:

Advanced Search