Pakistan Textile Industry Plan Launched

The Pakistan Textile Mills Association (APTMA) has launched a four year Pakistan. textile industry The goal of the plan is to double the export volume through the EU GSP plus (GSP+) qualification, from $13 billion this year to $26 billion.

AmirFayyaz, head of the Pakistan Textile Industry Association International Trade Commission, said that in the next 4 years, Pakistan's textile industry will use its overall capability to reach the export target of US $26 billion, because Pakistan is expected to win the position of GSP in January 2014. The free entry into the EU market will help Pakistan achieve its export target.

Insiders say China is in Global textile trade The share is $300 billion, and China has lost $30 billion because of increased production costs.

However, Pakistan has not benefited, and Bangladesh, Vietnam, Kampuchea and Sri Lanka are beneficiaries because they enjoy zero tariff concessions.

In addition to facing market access problems, Pakistan is also facing serious energy shortages, insufficient utilization of capacity, domestic and foreign investment evasion, and the transfer of buyers to the competitive economy due to tourism advice and security issues, resulting in foreign buyers unable to visit Pakistan. But the textile industry in Pakistan is still alive and still alive.

In view of Pakistan's strategic position, entrepreneurs in Pakistan and the United States should promote the United States. cotton Cooperation with Pakistan's textile industry. The leaders of the two countries also sought support from the US government and the private sector for Pakistan's textile industry to improve Pakistan's impression of the US market.