India Acrylic Yarn Makes Pakistan Acrylic Yarn Industry Suffer Heavy Losses.

There are more than 1500 acrylonitrile yarn related factories in gugillan City, Pakistan, which provide direct employment opportunities for 450 thousand people, who are now likely to lose their jobs.

SameeeUllahCh, President of the GCCI, said that it was not just gugillan city and Feisal bard, but the whole country.

At the request of GCCI, the government of Pakistan has imposed a 10% import tariff on imported cotton yarn. SameeUllahCh believes that the only way to protect the domestic acrylic yarn industry is to import.

A 10% import tariff is also imposed.

KhwajaArshad used to run acrylic and wool spinning factories with capacity of 10 thousand spindles. Now, due to the rising cost of operation and the impact of India acrylic yarn, we have to close the factory and become an agent of imported acrylic yarn.

Since the establishment of the South Asian Free Trade Zone, India

Acrylic fiber yarn only need to pay 5% import tariffs, making India acrylic yarn very competitive, and also led to the closure of many acrylic yarn mills in Pakistan.

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Huang Songping, spokesman of the General Administration of Customs of China, said that in 2015, the overall recovery of the global economy was weak, and the pressure of domestic economic downturn was relatively large, and the development of foreign trade entered a new normal.

According to China Customs statistics, the total value of imports and exports of China's goods trade was 24 trillion and 590 billion yuan in 2015, down 7% from 2014.

Among them, exports of 14 trillion and 140 billion yuan, down 1.8%; imports 10 trillion and 450 billion yuan, down 13.2%; trade surplus of 3 trillion and 690 billion yuan, 56.7% expansion.

The structure of export commodities was further optimized: in 2015, the mechanical and electrical products of Greater China were 8 trillion and 150 billion yuan, growing 1.2%, accounting for 57.7% of the total export value, up 1.7% from 2014.

Over the same period, exports of textiles, clothing, bags, footwear, toys, furniture, plastic products and other 7 categories of labor-intensive products amounted to 2 trillion and 930 billion yuan, down 1.7%, accounting for 20.7% of the total value of exports. Among them, exports of toys, furniture, bags and plastic products kept growing.

Over the same period, China's export prices fell by 1%, or less than the overall decline in import prices over the same period.

In 2015, the mainland trade price index was 112.1, indicating that a certain number of Chinese exports could be exchanged for more than 12.1% of imports, that is, China's trade price conditions improved significantly and foreign trade benefits improved.

At the same time, there are still difficulties in the development of China's foreign trade.

For example, in 2015, the bilateral trade between the mainland and the European Union and Japan decreased by 7.2% and 9.9% respectively, and the import and export of foreign investment enterprises and state enterprises decreased by 6.5% and 12.1% respectively, and the import and export of processing trade dropped by 10.6%.

In December 2015, China's foreign trade export index was 31.2, down 0.8 from November, indicating that China's export pressure is still relatively large in the first quarter of 2016.