Karachi criticized the EU economic plan for restrictions on seven measures, saying that it will have a negative impact on clothing exports, and the entire program becomes unquestionable.
**Shehzad Salim, President of Pakistan's Costume Manufacturers & Exporters Association (PRGMEA), said at the PRGMEA office press conference that if the EU program does not take effect in January 2012, the textile industry may not have Any benefit. He disclosed that Bangladesh and Indonesia oppose the EU's plan for Pakistan, but Bangladesh refuses to withdraw its opposition. Although Bangladesh guarantees the Pakistani government's request, its export-oriented industry opposes this plan.
He said that if the EU’s economic plan is rejected, the survival of Pakistan’s textile exports to the EU will depend on Pakistan’s acquisition of the GSP+ (Generalized System of Preferences) in January 2014. He said that it is time for the government to start lobbying for 'GSP.'
Shehzaded suggested that stakeholders should be prepared to help the government get GSPPlus (GSP+), and that a high-level delegation of value-added industries and government officials should visit EU member states, especially EU importer associations.
He said that due to the severe energy crisis, the national apparel industry has lost $800 million worth of export orders so far this fiscal year, and exports have continued to decline. He said that in October, garment exports fell by 10%, and in November it will further decline by 15-17%. He said Pakistan’s garment industry provides direct employment opportunities for 5.75 million people and that due to severe fiscal austerity, many factories are facing bankruptcy.
**Shehzad Salim, President of Pakistan's Costume Manufacturers & Exporters Association (PRGMEA), said at the PRGMEA office press conference that if the EU program does not take effect in January 2012, the textile industry may not have Any benefit. He disclosed that Bangladesh and Indonesia oppose the EU's plan for Pakistan, but Bangladesh refuses to withdraw its opposition. Although Bangladesh guarantees the Pakistani government's request, its export-oriented industry opposes this plan.
He said that if the EU’s economic plan is rejected, the survival of Pakistan’s textile exports to the EU will depend on Pakistan’s acquisition of the GSP+ (Generalized System of Preferences) in January 2014. He said that it is time for the government to start lobbying for 'GSP.'
Shehzaded suggested that stakeholders should be prepared to help the government get GSPPlus (GSP+), and that a high-level delegation of value-added industries and government officials should visit EU member states, especially EU importer associations.
He said that due to the severe energy crisis, the national apparel industry has lost $800 million worth of export orders so far this fiscal year, and exports have continued to decline. He said that in October, garment exports fell by 10%, and in November it will further decline by 15-17%. He said Pakistan’s garment industry provides direct employment opportunities for 5.75 million people and that due to severe fiscal austerity, many factories are facing bankruptcy.
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