PRGMEA hails EU package to Pakistan

Karachi: The value-added textile sector has hailed the economic package offered by European Union EU, terming it as a good omen to the ailing textile industry.

The Central and Zonal Chairmen of Pakistan Readymade Garments Manufacturers and Exporters Association PRGMEA Shehzad Salim and Atiq Kochra, taking sigh of relief on allowing duty free access of 75 products to EU, said that Pakistan’s value-added textile industry especially garments exports were badly suffering due to various factors. They said the EU’s package which was long awaited by exporters would greatly help the garment and apparel industry.

They said that EU package for 2 years, extendable for 3rd year, was offered last year, out of which 65 are textile products to support our economy affected with devastated floods but India at WTO objected followed by Bangladesh and some other countries to the said trade concession to Pakistan.

“As the Indian government has withdrawn their objection followed by settlement with the other complainant countries and finally WTO has given NoC to EU in their Wednesday’s meeting in Brussels for the said trade concession may bring a life into ailing garments industry of Pakistan”, commented Shehzad Salim.

The PRGMEA leaders appreciated the efforts of Commerce Minister, Amin Faheem, Secretary Commerce Zafar Mehmood and TDAP’s CE, Tariq Puri for their tireless efforts for said market access to EU.

They hoped that after EU Foreign Minister’s approval and WTO NoC to the approved trade concession the bill will now go to EU Councils of Ministers for passing the law which may take about few weeks to get implemented. They said that Pakistan should also make strenuous efforts to get GSP Plus in January 2014.

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