A special cell will be created in Faisalabad Chamber of Commerce and Industry (FCCI) to familiarize local exporters with recently introduced Registered Exporter System (REX) in order to facilitate the Pak exports to EU countries under GSP Plus scheme, says engineer Muhammad Saeed Sheikh, President FCCI.
He explained the GSP plus status given to Pakistan in 2014 and told that its basic objectives were to dilute the damages caused to Pak economy due to war on terror. He further says that during 1st year of this facility Pak exports recorded a phenomenal growth of 23 per cent but after that the exports experienced a steep decline. Government of Pakistan has taken a number of steps including uninterrupted electric supply to the industrial sector and declaring five important export sectors zero rated from July 2016 to mitigate its problems but still the exports are not stable he added. He appreciated the recently introduced REX scheme and stated that it will further facilitate Pak exporters to make their exports to the EU countries without any hassle and unnecessary procedural bottlenecks.
He further pointed out that it is actually a self-certification system and many European countries are already following it to streamline the exports from Pakistan under GSP plus to the EU countries. He also mentioned saying that as REX is a new system and many exporters are not fully aware of its modalities, hence Trade Development Authority of Pakistan (TDAP) has arranged this seminar. The FCCI has also decided to setup a cell which will provide much needed awareness and guidance to the local exporters.
Engineer Asim Munir, Chairman FCCI addressed the seminar saying that the local TDAP office should be further strengthened to facilitate local exporters to enhance their participation in international textile exhibitions.
Nadia, Kanwal Shehryar, Dost Muhammad, Faqeer Muhammad, and Allah Dad Tarar Director TDAP Faisalabad also addressed the seminar and explained in detail the modalities of the REX system. They stated that TDAP is fully aware of the export potential of Faisalabad and it was in this respect that TDAP is regularly arranging different awareness sessions to facilitate the exporters of Faisalabad.
