Pakistan Textile Is Expected To Win The EU'S Zero Tariff.

According to well-informed sources, the EU may take Zero tariff The treatment extended to Pakistan. Spin Products. European Union It has been unofficially agreed to allow high value-added Pakistan. Spin The products enjoy zero tariff treatment for one year.

On the other hand, Pakistan The government is striving for three years of treatment for its textile industry. Pakistan's textile products are the main force of foreign exchange earnings. A delegation of Pakistan officials may visit Brussels next month to ensure their textile export convenience as soon as possible. In addition, the federal textile consultant Dr Mirza Ikhtiar Baig has met with Italy ambassadors, French ambassadors, Holland ambassadors, Turkey ambassadors and German ambassadors. They all promise to support the zero tariff treatment of Pakistan textile products to EU exports.

EU Member States support the cancellation of the anti-dumping duty on pillowcases in Pakistan, which will also enhance the strength of Pakistan's textile exports. The final date for objection to the cancellation of the anti-dumping duty on pillowcase in Pakistan is December 5, 2008. However, there is no objection from Member States. Therefore, 13% of the anti-dumping duty on Pakistan textile products will be formally abolished in March next year.

However, the government of Pakistan changed in early 2008, especially in the US presidential election, which began in 2008, and the economic circles predicted that Pakistan was in the process of changing. U.S.A The role of the leader in the war on terrorism will be restored in January 20th when President Bush left office and Obama took office.

Experts believe that Pakistan's role in the war on terrorism can help Pakistan's economic growth, that is, to reduce tariffs on Pakistan's textile products. Textile exports account for about 60% of Pakistan's national exports, and the employment rate has accounted for more than 60% of the total number of employees employed in the industry. In addition, Pakistan has one of the most active and developing textile industries in the world, but in recent years, Pakistan's textile business has turned to other countries with more favorable tariffs. It is believed that if the EU and the United States abolish or reduce Pakistan textile tariffs, Pakistan textile exports will easily increase to three digits, reaching US $11 billion 250 million, and the EU and the US are the largest export markets for Pakistan textiles.

In the first 5 months of this fiscal year, Pakistan's exports increased by 182 billion rupees, mainly due to the depreciation of the rupee in the 09 fiscal year from July to November, and the export growth by 12.75% in dollar terms. But according to Pakistan's currency, exports grew by 41.57%. Industry experts say that if the US and EU economies fall into recession next year, Pakistan's textile products will also collapse, causing a large number of workers to lose their jobs. At the same time, the Pakistan government also decided to consult with the US government to give zero tariff import treatment to Pakistan's imported textile products from Pima cotton.

Pakistan is the largest importer of long staple cotton in the United States, with an annual import value of US $400 million to US $500 million. The United States has allowed Latin American countries to Zero tariff And then export their textile products made from American cotton. Pakistan asked them to get the same treatment with textile products imported from US cotton. At the same time, the Pakistan government urged the US government to propose another three areas in addition to the earthquake stricken areas, and to allow four other textile products to enter the United States with zero tariff, according to the proposed redevelopment area (Rozs) in the tribal areas. The ROZs bill has been submitted to the US Congress, and it is expected that the results will be announced after the new government takes office.

Editor: vivi