Cotton Imports Will Increase In Pakistan This Year.

The cotton crop assessment commission said Pakistan's cotton imports will increase this year due to the reduction in cotton production.

It is reported that 4-5 months of rainfall this year led to a major decline in cotton production in the main cotton producing area of Punjab province.

According to statistics, the flood caused by rainstorm caused 100 thousand acres of cotton fields to suffer, and the yield per unit area decreased significantly.

Pakistan ginning factory Association said that the impact of the reduction in production this year, Pakistan

Production is expected to lose 120 billion rupees.

If cotton by-products and high-grade textiles are added, the actual losses will be even greater.

In recent years, the Pakistan government has lowered its production target by another 340 thousand tons. As of now, the Committee expects cotton output to be 1 million 938 thousand tons this year, 680 thousand tons lower than the target set in February this year.

Pakistan industry expects the current year

For 2 million 550 thousand tons, Pakistan imported about 170 thousand tons of cotton last year. The import volume is expected to reach at least 425 thousand tons this year.

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For many years, the Chinese government has attached great importance to the "going out" of enterprises, especially actively guiding and promoting the foreign investment of textile enterprises. For this reason, the state has formulated a series of policies.

Notice on promoting the pformation of China's textile industry to foreign trade growth mode and supporting the "going out" policy of textile enterprises.

Support for the construction of overseas textile industrial parks, mainly including the formulation of special policies for loan discount in the construction of parks, special subsidies for the leveling land, special workshop and public service facilities provided by the park construction enterprises for the enterprises in the park, giving subsidies to the park construction enterprises to provide services for the textile enterprises in the park, and guiding the cluster entry of the textile enterprises.

Support strong textile enterprises to "go out" and invest overseas to set up factories to diversify their origin.

It is important to encourage the textile and garment enterprises with matching bases to enter the overseas textile industrial park to invest and run factories.

Funding for enterprise R & D, consulting services, feasibility study and project evaluation, intellectual property protection, and related initial costs related to "going out" will help to reduce investment costs of textile enterprises.

Appropriate financing can be provided for enterprises to set up marketing networks overseas.

At the same time, the intermediary organizations and leading enterprises that provide organizational coordination and promotion services for textile enterprises should be properly supported.

The Research Report on the investment and trade between China and Prof China has limited domestic resources, limited agricultural development and relatively backward industrial production. The government believes that attracting foreign investment can improve the production level of related industries in China and solve the employment problem of huge domestic surplus labor force, so as to achieve the goal of developing the national economy and improving people's living conditions.

Under this background, no matter which party came to power, no matter how much it attracts investment.

They strive to improve the investment environment and pay attention to the protection of investors' life and property safety.

In fact, foreign citizens who invest in Bangladesh rarely hear that their lives and property have been threatened.

(1) bilateral agreement on prevention of Double Taxation (BilateralAgreementsForAvoidanceofDoubleTaxation): Bangladesh has signed bilateral agreements on the prevention of double taxation with the following countries: China, Pakistan, Canada, Poland, Belgium, Romania, Denmark, Singapore, France, South Korea, Germany, Sri Lanka, India, Sweden, Italy, etc.

(2) agreement on the encouragement and protection of mutual investment. Bangladesh has signed similar agreements with the following countries: China, Belgium, Poland, South Korea, France, Romania, Germany, Switzerland, Ireland, Thailand, Italy, Holland, Japan, Turkey, Malaysia, the United Kingdom, Pakistan, the United States, Philippines, Uzbekistan and so on.

(3) other treaties and organizations: Bangladesh also participated in MultilateralInvestmentGuaranteeAgency (MIGA), OverseasPrivateInvestmentCorporation (OPIC), World Intellectual Property Organization (WorldIntellectualPropertyOrganization), International Investment Dispute Resolution Center (InternationalCentreforSettlementofInvestmentDisputes, ICSID).

According to Bangladesh official statistics, there are more than 4000 large and small garment processing enterprises in Bangladesh (of which 600 are large garment processing enterprises), 1 million 800 thousand of which are directly employed, most of whom are women, and have absorbed about 50% of the industrial labor force.

At the same time, the proportion of garment exports in total exports increased from 6% in 80s to 75% at present. It has become the most important source for the poor and backward countries to earn foreign exchange.

Therefore, the rise and fall of the garment industry has a direct impact on the development of Bangladesh's economy and the livelihood of thousands of millions of people. It can be said to be the lifeblood of the mon economy.