Pakistan Textile Industry Will Benefit From The EU EU Tariff Free Access Negotiations.

2010/10/12 9:58:00 52

Pakistan

The textile industry is the main export industry of the country. The ongoing negotiations between Pakistan and the EU will expand Pakistan's EU market access.

The textile industry has high hopes for this. If the negotiations are successful, the export of Pakistan's textile industry to the EU will be greatly improved.

Experts expect the outcome of the negotiations to be positive. If the EU market takes into account the devastation of floods in Pakistan, most countries will suffer heavy losses, thereby giving Pakistan market access.

At the same time, as the flood destroyed Pakistan's economy, it is very necessary to reach this agreement with the European Union as soon as possible.

At present, the EU has 27 member states.

European Union

We are studying how to help Pakistan's exports to the European Union. Pakistan textile experts say there are three major issues to be resolved.

The first is the list of products, the second is tariff concession and the last is tariff concession time.

The EU may soon disclose the tariff reduction plan.

Up to now, Pakistan has exported about 4 billion 600 million US dollars to the European Union, accounting for 24% of the total exports of the country.

Textiles alone account for 68% or 3 billion 100 million dollars of exports to the EU. Therefore, if the tariff free access negotiations are successful,

textile industry

The biggest benefit.