EU'S Economic Plan Affects Pakistan'S Textile And Garment Industry

Karachi criticized the EU economic plan's restrictions on the seven measures, saying that it would have a negative impact on clothing exports and the whole process. programme There is no doubt about it.

PRGMEA President Shehzad Salim (ShehzadSalim), President of Pakistan's garment manufacturing and Exporters Association (PRGMEA), said at a press conference at the PRGMEA office that the textile industry may not have any benefits if the EU plan does not come into effect in January 2012. He disclosed that the Bangladesh and Indonesia industries opposed the EU's plan for Pakistan, but Bangladesh refused to withdraw its objection though. The People's Republic of Bangladesh The export oriented industry objected to the request made by the government of Pakistan. programme 。

He said that if the EU's economic plan was rejected, the survival of Pakistan's textile exports to the EU would depend on Pakistan's acquisition of Pu Huizhi Canada (Pu Huizhi) in January 2014. He said it is time for the government to lobby for the GSP plus.

Shehzad suggested that stakeholders should be prepared to help the government get GSPPlus (GSP), while a high-level delegation of value-added industries and government officials should visit the EU Member States, especially to lobby the Importers Association of the European Union.

He said that due to the serious energy crisis, the national garment industry has lost $800 million worth of export orders so far, and exports continue to decline. He said clothing exports in October dropped by 10%, and 15-17% will drop further in November. He said that the clothing industry in Pakistan provided direct employment opportunities for 5 million 750 thousand people, and many factories were facing closure because of severe financial constraints.