Exporters say they are considering various ways and means to get reversed the EU decision and in this regard they have decided to take up the case in WTO. .
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They warn that Pakistan would loss the revenue of over US $ 500 million if the 15-member bloc goes ahead with its decision. The exporters also said the decision by EU would give great advantage to Indian exporters despite the fact Pakistani textile products were far better quality than the other countries. .
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Pakistan government, though is not party to the row between Pakistani exporters and EU, had lobbied extensively in recent months against the anti-dumping duty. .
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Business analysts on the other hand believe the recent European move would greatly affect Pakistan exporters, as it comes just a year before the introduction of tariff-free trade under world trading system. .
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They say as the anti-dumping duty is for five-years, therefore Pakistan textile exporters will not be able to take advantage from the tariff-free trade.
Date:2/12/2004
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