of Euratex, the European Apparel and Textile
Organization, stated while brushing aside recent reports that the EU has
withdrawn the tariff concessions given to Pakistan last year.
According to reports reaching the Pakistani
representative to the EU, also confirmed this, adding recent reports
that the EU has agreed to withdraw duty-free textile benefits to
Pakistan under the European Commission notice C228 of September 25, 2002
have been misinterpreted.
This scheme has been specifically tailored to target
clothing and textiles, which account for three-quarters of Pakistan's
exports to the EU. It is given under GSP scheme for countries fighting
The EU has removed import tariffs (around 7 per cent)
on garment imports from Pakistan and increased the 14 existing quotas on
textile and clothing imports from Pakistan by 15 per cent. In return,
Pakistan has also improved access for EU textile and clothing exports,
reducing duties for 2002 to three rates of five per cent, 15 per cent
and 25 per cent — a five per cent reduction compared with 2001.
Lately rumours have been floating that the EU has
withdrawn the tariff concession under Indian pressure and exporters were
upset about their shipments already in the highseas as well as under
production, a leading garment exporter and vice chairman Pakistan
Knitwear Association, Anis Marfani told.
According to Bill Lakin, Pakistan's preferential
treatment is badly affecting the EU balance of textile and clothing
trade with Pakistan in 2001, EU textile and clothing imports from
Pakistan stood at 1.8 billion euros, while imports fell to 21 million
euros from 39 million euros in 2000.
POLAND FOR BOOSTING TRADE WITH PAKISTAN
The bilateral trade between Pakistan and Poland has
registered a steady growth in the last few years from $24 million in
1997 to $43.3 million in 2000.
This growth is conspicuous against the backdrop of
the downfall of Polish trade figures with several countries of Asia and
the Middle East", said Janusz Bylinski, Consul General of Poland in an
interview to APP.
The underlying trend of this trade, he pointed out,
is towards a balance: the Pakistani exports to Poland grew from around
$4 million in 1995 to $21.5 million in 2000.
He said this financial year, the exports to Poland
from Pakistan are anticipated at $36-37 million and the imports at $11
SHRIMPS TO EU 100PC CHECKING CONDITION GOES
The European Union (EU) has waived off the condition
of full (100 per cent) checking on shrimps consignments exported from
Pakistan to its member states.
The European Commission (EC) early this year after
detecting chloramphenicol in an export consignment of shrimps from
Pakistan to a EU member country imposed the condition of making complete
checking of consignments. But the condition of checking was proving an
irritant for the exporters of seafood to the EU countries who were
complaining that due to double inspection, one carried at home and
another at import stage is causing a long delay and a lot of damage to
the quality of seafood.
Consequently, the Export Promotion Bureau (EPB) took
the matter with the EU through Pakistan's economic minister, Brussels.
The EU was informed that strict checking is being done while issuing
health certificate to export consignments.
Upon this the EU member countries carried out certain
tests on shrimps consignments which were found favourable and
The Saarc member countries are to hold a fourth round
of meeting on South Asia Preferential Trade Arrangement (SAPTA) on Oct
30, to further boost free trade among its members countries.
FTA WITH SRI LANKA
The final shape to the Free Trade Agreement (FTA)
with Sri Lanka is likely to be given by the new elected government in
the next few months, reliable sources told.
ATT IMPORT VALUE UP
The import value of Afghan Transit Trade (ATT) has
surged by 50 per cent in the first quarter of the financial year
2002-03, over the corresponding year of 2001-02.
Official figurers, released by the Central Board of
Revenue, showed the import value of ATT during July-Sept period of the
current financial year stood at Rs4.5 billion against Rs3 billion over
the corresponding year, showing an increase of 50 per cent.
EFFORTS ON TO BOOST FRUIT EXPORT
Balochistan Food and Agriculture Minister Haji
Mohammed Qasim Khan Achakzai said the present government was making all
out efforts to increase fruit and other product's exports from the
TEXTILE EXPORTERS AFRAID OF US STUDY
The US authorities have initiated a study of the
competitiveness of several foreign textile and apparel suppliers,
including Pakistan, in order to prepare itself for the quota phase-out
by January 1, 2005.
But exporters fear that the investigation could be
used against them by the US administration for imposing punitive as well
countervailing duties on their exports.