Pakistan "in talks" for Thailand, Turkey, Korea FTAs
Pakistan is understood to be negotiating free trade agreements (FTAs) with Thailand, Turkey, and Korea in a bid to boost exports.
Federal Commerce Minister Khurram Dastgir Khan met with the All Pakistan Textile Mills Association this week to begin discussions, The Nation reported.
The Minister assured textile exporters of full support in restoring the zero-rating sales tax regime and expeditious clearance of refund claims in order to give a boost to exports.
"The export-oriented sector is the bread winner for the country and the government is trying its best to facilitate it," he told the media after the meeting, adding that export diversification was widely recognised as a positive trade policy objective in sustaining economic growth.
Pakistan's main export markets are the EU, the US and China. In 2013, apparel exports from the country were worth around US$13.74bn.
It currently has four FTAs under the South Asia Free Trade Agreement (SAFTA) with China, Sri Lanka, Malaysia and India.
- Traditional financing is a misfit for fast fashion
- Why do modern robotics elude sportswear makers?
- Trump trade policy – Who knows what he'll do?
- Planning is key to an effective inventory strategy
- How would end of NAFTA affect US apparel industry?
- US Q3 in brief - G-III Apparel, Express
- Esquel efficiency drive continues to boost brands
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack