Pakistan Textile Products Export Warming

according to Pakistan The state newspaper reported on April 23rd that the latest statistics of the Federal Bureau of statistics of Pakistan showed that the first 9 months of this fiscal year (July 2009 to March 2010), Pakistan textile Total exports amounted to US $7 billion 597 million, an increase of 5.66% compared with us $7 billion 190 million in the same period last year. Among them, Raw cotton export Growth was 141.59%, cotton yarn increased by 28.96%, and other yarns increased by 102%. Exports of cotton, coarse (fine) carding yarn, knitted sweater and bedding decreased by 13.42%, 43.86%, 1.94% and 1.45%, respectively. In March this year, the export volume of textiles in the single month was 723 million US dollars, 26.39% higher than the same period last year.

Supplement:

Comprehensive Ba media reported on November 18th that at present, the price of cotton (15470, -25.00, -0.16%) is soaring in the international market, attracting the exporters of cotton and cotton yarn in Pakistan to export to the outside world, making the cotton yarn needed by the domestic textile industry very tight, and the price is also rising, which has seriously impacted the development of the clothing industry in our country. In this regard, bardo's producers of high value-added textiles require the government to impose high tariffs on cotton and cotton yarn exports and strictly restrict its exports.

According to the report, Bilwani, chairman of the Forum on clothing and costumes at the PHMA, said that the world's cotton output has dropped 4.2% this year, but its demand has increased by 2%. Affected by this, a large number of export of Pakistan cotton yarn, resulting in a serious shortage of raw materials for high-end textile production in China, some enterprises are facing the danger of closure.

Bill also said that WTO (WTO) allows countries to restrict exports of raw materials to protect domestic industries. India and China have taken measures to strictly restrict exports of cotton and cotton yarns. The Pakistani government should follow the measures adopted by China and India to restrict exports of low value added products such as cotton yarns, and actively encourage exports of clothing and other high value-added products.

Pakistan media reported on July 16th that in order to obtain more export orders, a large number of Pakistan textile enterprises are moving their production plants to Bangladesh. According to the analysis quoted by the industry, the main reason for the relocation of enterprises is the deterioration of the domestic business environment and the increase of costs in Pakistan. In addition, the deterioration of the security situation in Pakistan has also discouraged international buyers. In contrast, Bangladesh's business environment is better, and the production cost of textile industry is about 30-50% lower than that in Pakistan, and the textiles produced in Bangladesh can enjoy zero tariff treatment on the EU market.