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Pakistan'S Clothing Business Moved To Bangladesh, Causing PRGMEA Concern

2011/7/14 11:14:00 52

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Pakistan garments

A spokesman for the garment manufacturers and Exporters Association (PRGMEA) said that the association was concerned about the relocation of woven apparel business to Bangladesh, and urged the government to take measures to prevent this trend.

He said that many Pakistan woven garment manufacturers and exporters are studying the Bangladesh market, and some companies have moved their businesses to Bangladesh.

Bangladesh's industrial policy is a major factor in attracting Pakistan businesses, and Bangladesh enjoys trade preferences in Western markets, he said.

PRGMEA spokesman said Bangladesh provided 11% of export tax rebates for its exporters' exported garments, not only Bangladesh, but also other competing countries, including China and India.

Woven Garment

Industry provides a large amount of tax rebates.

He said China provides 17% rebates for all kinds of clothing products.

2010, China

Export tax rebate

The total amount reached 732 billion 700 million yuan (equivalent to US $113 billion 300 million), an increase of 13% over the previous year, which is equivalent to the total expenditure of education, social welfare and subsidized housing sector.

A spokesman for PRGMEA said that in India, the rebate rate for cotton textiles was 7.5%, compared with 8.8% earlier.

In addition, the new tax rebate rate for cotton and synthetic fiber blended garments is 8.6%, 9.8% earlier, and the new tax rebate rate for man-made fiber garments is 9.5%, and 10.5% earlier.

On the other hand, he condemned the Pakistan government's repeal of the local tax and tax (DLTL) tax rebate since July 2011, making the woven garment industry in the doldrums in the future. At the same time, these enterprises are facing unprecedented inflationary pressures.

He said that the DLTL plan is vital for the survival of export enterprises. At present, Pakistan is experiencing double-digit inflation and an unprecedented energy crisis.

The PRGMEA spokesman urged the Federal Tax Commission of the Ministry of textiles and finance to take immediate action to restore the DLTL plan and encourage woven garment exporters to continue to keep their businesses in Pakistan.

He said that in the 2010-11 years, Pakistan's textile exports reached a record high of 14 billion dollars, of which the DLTL program played a crucial role, and the textile industry created 45% jobs for the total workforce in Pakistan.