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Pakistan's RMG sector to get help from the US

Pakistan's ready-made garment (RMG) industry will get a boost from the US through dedicated vocational centres and improvements in working conditions. Pakistan’s Prime Minister Nawaz Sharif and US President Barack Obama, during a recent meeting, reaffirmed that the two countries have a mutual interest in expanding bilateral trade and investment.

Prime Minister Sharif restated the importance of market access for Pakistan as the most effective, mutually beneficial, and durable form of bilateral economic partnership. President Obama, on the other hand indicated that the US would help Pakistan create conditions to expedite trade and investment-driven growth.

Thus, Pakistan’s RMG sector capabilities will be upgraded with the help of the US. This will be done by supporting dedicated vocational centres and improvements in industry labour conditions. Besides, Pakistan’s International Labour Organization International (ILO) Labour Standards Textile programme will also be enhanced by the help of the US and it will also support the launch of an ILO Better Work Programme. Moreover, an investment event in New York will be supported by the US to highlight opportunities in Pakistan’s RMG industry and other sectors.

Apart from this pledge, the US is also set to enhance outreach and training efforts to boost GSP (Generalized System of Preferences) utilisation, and support Pakistan’s efforts to sanction and implement the World Trade Organization (WTO) Trade Facilitation Agreement (TFA).

 
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