All Pakistan Textile Mills Association welcomes World Trade Organisation waiver

LAHORE: Chairman APTMA Mohsin Aziz has welcomed the WTO approval to market access of Pakistan’s textile products in European Union (EU) for steering its economy out of negative affects of floods. He said import duty exemption on 50 textile products out of a list of 64 items in the EU countries would contribute positively to economy.

Chairman APTMA said Pakistan exported $4.7 billion products to EU last fiscal year, with major share of Germany and UK followed by Belgium and Spain.

He expressed the hope that Pakistan would benefit from this concession during last quarter of ongoing fiscal to the tune of $400-500 million with completion of approval process ahead.

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