The Pakistan Minister of State for Commerce, Textile & Privatization, Engr. Khurram Dastgir Khan, has embarked upon a visit to Eastern European countries to ensure a favorable majority in the European Union (EU) Parliament in anticipation of a plenary vote in mid-December 2013, for the grant of Generalized Scheme of Preferences Plus (GSP+) trade preferences to the country in January 2014.
According to a statement issued by the Ministry of Commerce and Textile Industry, the country has enhanced its efforts to gain the GSP+ status from EU, which would provide a boost to the country’s exports, including textiles, in addition to creating more jobs.
The visit to Eastern Europe is a result of the successful visits of the Minister in October 2013 to the European Parliament in Strasbourg, Paris, Madrid, Rome and London, which resulted into a positive, pro-Pakistan vote from the International Trade Committee (INTA) of the EU Parliament.
Mr. Dastgir Khan said the Government has already achieved two milestones of successful votes in the EU Council and INTA in October and November, 2013, and by engaging countries across Europe, the Ministry hopes the country would achieve the formal grant of GSP+ in December, 2013.
However, as of now, the immediate objective is to ensure a smooth vote for grant of GSP+ status to Pakistan by plenary EU Parliament, and this visit would also include serious exploration of increasing mutual trade between Pakistan and Eastern European countries, especially in textiles sector, he added.
Achieving GSP+ status from EU is likely to add US$ 700 million to US$ 1 billion to Pakistan’s overall exports, and create around 1 million new jobs in the country which would boost the textiles sector and improve the national economy.
The Minister is scheduled to visit Romania, Czech Republic, and Poland, as the three Eastern European countries form a large block of votes in the EU Parliament.
Middle East News
- Media Information: Autefa Solutions announces new agency for the Indian market
- Denimsandjeans India to discuss trend of unisex denim
- RBI keeps repo rate unchanged at 6%
- Maharashtra cabinet approves textile policy for 2018-23
- UAE has the lowest VAT regionally and globally
- Costs rise at sharpest pace for UAE’s private sector businesses
- Budget 2018-19: Customs duty on silk fabric hiked to 20%
- Reduction in tax for MSMEs to benefit TN textile firms
- Budget: TEA hails Rs 7148cr allocation for textile sector
- Indian textile industry hails budget with some scepticism
- Arvind Q3 revenue up 16% at Rs 2,706 crore
- Amazon infuses 1,950 cr fresh capital to India operations
- Indian brand Ekaya at Paris Haute Couture Week
- E-commerce platform for artisans in India's Kashmir
- SRTEPC honours RIL with 5 gold trophies
- Indian economy to grow at 7.3% in FY 2018-19: World Bank
- Wazir Advisors Introduction
- 10 Reasons to Invest in Textile Sector in India
- India’s Standing in Global Textile and Apparel Industry
- India: A Land of Opportunities
- Patterns, images and colors demanded in the Iranian carper markets
- CE certificate or sign on the carpet; Indicator of product quality or inaudible imprint of international clarification
- The classification of textile floorings In terms of fire-taking behavior according to the provisions of European Union
- Remain unknown the place of modern carpet design