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Pakistan looks for bigger US market share

Pakistan wants to have greater market access in the US in line with its GSP plus facility from the EU. Pakistan feels a boost to the textile industry in Pakistan will be helpful in curbing extremism. Right now Pakistan's share of textile exports to the US is 2.8 per cent, which it wants to increase to 5 per cent.

The feeling within the textile industry in Pakistan is that it can benefit with the establishment of Reconstruction Opportunities Zones. They believe the engagement of Pakistan with war against terrorism has hindered the growth of the textile industry.  Pakistan has spent around $10 billion in its war against terrorism between 2005 and 2012. International buyers are not visiting Pakistan due to the travel advisory but still the country’s textile industry is able to compete internationally due to high quality products.

The All Pakistan Textile Mills Association (APTMA) says there is no child labor issue in Pakistan's textile industry and most mills are fully compliant with ISO standards, which is one big reason for the recent extension of the GSP plus facility from the EU. Also Chinese investors are showing interest in investing $2 billion in Pakistan’s apparel park.

 

www.aptma.org.pk/‎

 
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