Pakistan’s textile exports decline



According to a report by Pakistan’s Express Tribune on June 24, the total export volume of Pakistan’s textile industry in the first 11 months of this fiscal year (July 2014-May 2015) was US$12.25 billion, a dec…

According to a report by Pakistan’s Express Tribune on June 24, the total export volume of Pakistan’s textile industry in the first 11 months of this fiscal year (July 2014-May 2015) was US$12.25 billion, a decrease of 1.7% compared with the same period of the previous fiscal year. . The European Union’s Generalized System of Preferences (GSP) contributed 13% to Pakistan’s textile exports this fiscal year. Without EU GSP treatment, Pakistan’s textile exports would decline by 15% this fiscal year. If the Pakistani government does not take measures in taxation and other aspects, textile exports will drop by more than 15% in the next fiscal year.

Pakistan’s exports of major textile categories declined across the board, with high value-added products falling by 2% year-on-year and general products falling by 14.1% year-on-year. The main reasons include: first, the government failed to refund the consumption tax on exported goods in a timely manner; second, the economic growth of the EU, the main export destination, decreased, and demand decreased; third, the euro depreciated against the rupee, reducing export earnings; fourth, China and other Pakistani cotton Demand from major exporting countries has fallen, and Pakistan faces competition from countries such as India. Pakistan’s textile exports decline

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/12094

Author: clsrich

 
Back to top
Home
Phone
Application
Product
Search