“At a time when the decision regarding the EU market access concession
for the Pakistani products has been deferred till March/April the
Turkish government action of increasing custom duty to facilitate its
local fabric manufacturers will add to woes of Pakistan textile exports,
sources said. ” “..
They were of the view that Pakistan currently exports $341.6 million
worth of textile to Turkey out of which $237.7 million is cotton cloth
and $33.6 million yarn. There were chances that the finished fabric
exports to Turkey could increase substantially after the change in
country of origin rules in GSP Plus, but this decision would harm the
export enormously, textile manufacturers said. ” “..
Textile exporters pointed out that market access is the main issue
impeding Pakistan’s textile export. They elaborating that spinners
produce excess cotton yarn than local demand worth $2 billion a year
that has to be exported. They said the weaving sector of the country
cannot use this yarn to produce fabric as the local demand is limited
while exports are not possible due to lack of market access. They said
from the yarn weavers produce grey fabric worth $2 billion that has to
be exported because there is no demand for this fabric. They said
value-added apparel sector is subjected to 23 per cent import duties in
these markets compared with zero rated access to the 80 privileged
economies. ” “..
They said the importance of market access could be judged by the fact
that the textile exports of Bangladesh were $5 billion in 2005 compared
with Pakistan’s textile exports of $10 billion. In the last fiscal the
textile exports from Bangladesh increased to above $15 billion while
Pakistan’s exports inched up to $10.6 billion only, they added.
”
Date:1/17/2011
Source: