The publisher of Pakistan Textile Exports and
Quota/Non-Quota Guide has recently released the revised and enlarged third
edition. The book contains complete description of quota and non-quota items,
category classification criteria, clarification and guidelines issued by the
eighteen major countries with quota restraints. It also provides complete
background of the restraint on international textile trade, the multi-fibre
agreements, Uruguay Round, Agreement on Textiles and Clothing and many more
details. An exporter of textile products must know such details to maximize his
or her profit.
According to the publisher's note, the prime objective of
this guide is to broaden and sharpen the vision of existing as well as future
textile exporters. Special emphasis has been laid on classification of quota
and non-quota and product categorization criteria. The book contains the
largest number of items under textile quota constraints in the USA, European
Union and Canada — the major buying countries of textile products from
Pakistan. It also contains Harmonized Description and Coding System (HS), codes
used in visa and GSP forms. The comprehensive information on HS codes will save
the exporters from making quaries regarding the HS codes of items from various
sources.
The vital information and statistics provided in the guide
are from World Trade Organization (WTO) and Export Import Permit Bureau of
Canada. Details have also been acquired from Export Promotion Bureau, Federal
Bureau of Statistics, Ministry of Industries and Production, Textile
Commissioner's Organization and All Pakistan Textile Mills Association (APTMA)
The detailed study of the data indicates the extensive,
rather comprehensive, coverage of the subject. To be honest, this guide can be
termed an 'encyclopedia' of textile business. For example it contains a
complete profile of Pakistan, history of the evolution of integration of
textiles and clothing trade under WTO regime, Textile Quota Management Policy
2001-2004 of the Government of Pakistan, details about frequently used terms
and definitions in textile trade, contraventions and penalties and above all
complete description of quota and non-quota categories.
The pervious editions were used extensively by the people
associated with textile trade. The latest edition, containing additional
information, is expected to further sharpen the knowledge of new entrants,
before they could enter into textile export business.
To discourage large scale import of textiles and clothing
from developing countries, the importing countries are imposing anti-dumping
duties. This guide provides of the procedures to be followed through access to
Textile Monitoring Board.
The importance of textile industry in the economy and
exports of Pakistan cannot be undermined. Sector analysts believe that this
industry alone has the potential to earn over US$ 10 billion foreign exchange.
Though, the quota regime is expected to be completely phased out on December
31, 2004, exporters can get a fairly good idea of the products being exported
and major buying countries.