PAKISTAN: Turkey Quota Increase Boosts Textile Industry
Textile firms are set for a $11 million windfall after Turkey agreed to increase Pakistan's textile quota by 3,000 tons for the next two years and allow it to export another 2,000 tons of denim a year.
Those increases were agreed during talks at a recent joint ministerial conference in Istanbul, said Pakistan commerce minister, Abdul Razak Dawood, with further talks planned later this year to discuss quotas and tariffs from 2004.
He added: "We wanted greater market access for two years (2002 and 2003) but they agreed to increase the quota by another 3,000 tons with the provision that we could put in any category in that limit."
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